- Approved the audited financial results of the Company for the quarter and year ended 31 March 2026 along with Modified Auditor's report issued by M/s. Kalyaniwalla & Mistry LLP. (Enclosed herewith ....
TASTYBITE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Tasty Bite Eatables reported FY26 revenue of Rs 5,477.82 million, marginally lower than Rs 5,531.35 million in FY25. However, profit after tax grew significantly to Rs 353.02 million from Rs 256.08 million (38% increase), with EPS at Rs 137.57. The auditor issued a qualified opinion due to related party transactions with Mars Food UK Limited totaling Rs 648.88 million where prior approvals were not obtained - Rs 48.92 million lacked Audit Committee approval and Rs 94.47 million exceeded shareholder approval thresholds. A postal ballot for post facto shareholder approval was rejected by shareholders. The company also recognized an exceptional item of Rs 4.53 million for gratuity provision due to new Labour Codes. The Board recommended a final dividend of Rs 10 per share.
The qualified auditor opinion due to procedural lapses in related party transactions raises governance concerns, though strong PAT growth and dividend declaration are positives. Shareholder rejection of the postal ballot adds uncertainty around regulatory compliance.