Outcome for the board meeting held on 13th February 2026
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Tejassvi Aaharam's board on Feb 13, 2026 approved Q3 FY26 (quarter ended Dec 31, 2025) unaudited results with a clean (unmodified) auditor review from Sundaram & Srinivasan. Revenue from operations surged to Rs. 30.11 crore in Q3 FY26 vs Rs. 3.53 crore in Q3 FY25 (~8.5x jump), with 9M FY26 revenue at Rs. 67.91 crore vs Rs. 8.22 crore last year. However, the company continues to report losses at the PAT level — Rs. 6.61 lakh loss in Q3, Rs. 59.96 lakh loss for 9M FY26 (vs Rs. 53.85 lakh loss in 9M FY25), and an annual FY25 loss of Rs. 72.64 lakh. EPS for 9M FY26 stood at Rs. (0.86). Separately, the board approved the 100% acquisition of Funk Foods Private Limited (FFPL), a freeze-dried/clean-label food products company (turnover of Rs. 7.97 crore in FY25), purely through a share swap — no cash outflow. The deal involves issuing up to 5,11,62,204 equity shares at Rs. 10 each (aggregate ~Rs. 51.16 crore) to FFPL's shareholders on a preferential basis. The board also increased authorized share capital from Rs. 25 crore to Rs. 75 crore and approved a postal ballot to seek shareholder approval for the preferential issue.
The acquisition expands Tejassvi's food business into freeze-dried and clean-label products without straining cash, but it will significantly dilute existing shareholders (over 5x increase in equity share count through the preferential issue). Despite strong top-line growth, persistent losses and weak margins suggest profitability remains a concern — investors should watch how the combined entity achieves scale economies and turns profitable.