Annual Report 2025-26

KRISHIVAL FOODS LIMITED CIN No. L74120MH2014PLC254748 Registered Office: 1309, Lodha Supremus, Saki Vihar road, opp. MTNL Office, Powai, Mumbai-400072. Tel no.: +918779558264, Website: www.krishival.com, Email: cs@krishival.com September 03, 2026 National Stock Exchange of India Limited BSE Limited Exchange Plaza, Bandra Kurla Complex P J Towers, Dalal Street Bandra (E), Mumbai-400051 Mumbai - 400 001 Symbol: KRISHIVAL Scrip Code: 544416 ISIN: INE0GGO01015 Sub: Annual Report of the Company for the FY 2025-26 Dear Sir / Madam, In compliance with Reg. 34 of the SEBI (LODR) Regulations, 2015, please find attached herewith Annual Report of the Company for the FY 2025-26. Date of Annual General Meeting - Monday, September 28, 2026. This is for your record and information. Thanking you, Yours faithfully, For KRISHIVAL FOODS LIMITED Rahul Gawande Company Secretary KRISHIVAL FOODS LIMITED Annual Report 2025-26 CORPORATE INFORMATION 1309, Lodha Supremus Powai, Saki Vihar Road, Opp. MTNL REGISTERED OFFICE ➤ Office, Mumbai City, Powai, Maharashtra, India, 400072 CIN L74120MH2014PLC254748 WEBSITE www.krishival.com Mr. Sujit Sudhakar Bangar | Chairman & Whole Time Director Mrs. Aparna Sujit Bangar | Managing Director Mr. Nana Prakash Mhaske | Whole Time Director & CEO BOARD OF Mr. Anant Pandurang Kulkarni | Whole Time Director & CFO DIRECTORS Mr. Shailesh Jain | Independent Director Mr. Sunil Kumar Agarwal | Independent Director Mr. Neeraj Kulbhushan Taandon | Independent Director Mr. Hrushikesh Bahekar | Independent Director Mr. Anant Pandurang Kulkarni | Chief Financial Officer KEY MANAGERIAL ➤ Mr. Nana Prakash Mhaske | Chief Executive Officer PERSONNEL Mr. Rahul Suresh Gawande | Company Secretary STATUTORY AUDITOR M/s. Tamanna Parmar & Associates SECRETARIAL ➤ M/s. DSM and Associates AUDITOR M/s Manant Jain & Co. INTERNAL AUDITOR Purva Sharegistry (India) Private Limited 9, Shiv Shakti Industrial Estate, J. R. Boricha Marg, Opp. REGISTRAR & SHARE ➤ Kasturba Hospital, Lower Parel (East), Mumbai – 400011, TRANSFER AGENT Maharashtra Email: support@purvashare.com CONTENTS PARTICULARS PAGE NO. 1-24 Directors’ Report Annexures to Board Report 26-27 Details of Subsidiary/Joint Ventures/Associate Companies “AOC-1” Details of Contracts and Arrangement made with Related Parties in 28-31 terms of provisions of Section 188 “AOC-2” Particulars of energy conservation, technology absorption and foreign exchange earnings and outgo required under the section 32-33 134 (3)(m) of the companies act and companies (accounts) rules, 2014 The information required under Section 197 (12) of the Companies Act, 2013 and the Rule 5 of the Companies (Appointment and 34 remuneration of Managerial personnel) Rules, 2014, in respect of employees of the Company Annual Report on Corporate Social Responsibility Activities 35-39 (Pursuant to the Companies (Corporate Social Responsibility) Rules, 2014) 40-63 Corporate Governance Report Certificate of Non-Disqualification of Directors Extract of Nomination and Remuneration Policy Practicing Company Secretary’s Certificate Regarding Compliance 66 of Conditions of Corporate Governance 67-75 Management Discussion and Analysis 76-80 Secretarial Audit Report Standalone Statutory Auditors’ Report 81-93 Standalone Balance Sheet Standalone Statement of Profit and Loss Account 96-97 Standalone Cash Flow Statement 98-130 Standalone Notes to Financial Statements 131-139 Consolidated Statutory Auditors’ Report Consolidated Balance Sheet Consolidated Statement of Profit and Loss Account 142-143 Consolidated Cash Flow Statement 144-180 Consolidated Notes to Financial Statements 2025-26 Krishival Foods Limited (Annual Report) BOARD’S REPORT The Members, Krishival Foods Limited ("The Company”) The directors have pleasure in presenting 12th Annual Report together with the Audited Financial Statement of the Company for the Financial Year (FY) ended March 31, 2026. 1. FINANCIAL RESULTS The Company’s financial performance during the year 2025-26 is summarized below: (Rs. In Lakhs) Particulars STANDALONE CONSOLIDATED 2025-26 2024-2025 2025-26 2024-2025 Revenue from 20,258.68 17,323.30 29,267.24 20,223.24 Operations Other Income 936.60 222.71 1,173.45 407.27 Total Income 21,195.28 17,546.01 30,440.69 20,630.51 Less: Depreciation & 387.31 322.68 741.13 435.20 Amortization Less: Expenses 18,098.90 15,316.51 26,845.45 18,222.94 Profit before Taxation 2,709.07 1,906.83 2,854.10 1,972.35 and Extraordinary Items Add (Less): Exceptional 0.00 0.00 0.00 0.00 Items Profit before Tax 2,709.07 1,906.83 2,854.10 1,972.35 Tax Expense: a) Current Tax 646.08 531.73 710.34 564.71 b) Deferred Tax -15.76 21.54 -75.85 53.10 (Excess)/Short provision for tax pertaining to prior years Profit after Tax 2,078.76 1,353.56 2,219.61 1,354.53 Earnings per Share 9.02 6.07 9.63 6.08 (Basic) Earnings per Share 8.59 6.07 9.17 6.08 (Diluted) 2025-26 Krishival Foods Limited (Annual Report) 2. RESULT OF OPERATIONS AND STATE OF THE COMPANY’S AFFAIRS The Company is mainly engaged in the business of processing and trading of cashew kernels and other dry fruit products and ice cream products through its subsidiary. STANDALONE: On a Standalone basis, the Company’s total income for the year under review was Rs. 21,195.28 Lakhs as compared to Rs. 17,546.01 Lakhs in the previous year thereby registering growth of 20.79% over the previous year. Further, during the year under review the net profits of the Company was Rs. 2,078.76 Lakhs as compared to Rs. 1,353.56 Lakhs in the previous year. CONSOLIDATED: On a Consolidated basis, the Company’s total income for the year under review is Rs. 30,440.69 Lakh as compared to Rs. 20,630.51 Lakh in the previous year thereby registering growth of 47.55% over the previous year. The Consolidated Audited Financial Statement of the Company and its Subsidiaries for FY 2025- 26 are prepared in compliance with the provisions of Section 129(3) of The Companies Act, 2013 ("Act”) and Regulation 33 of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) and form part of the Annual Report. Material Events during the year: Listing on Main Board: During the financial year 2025-26, the Company successfully migrated from the SME platform of the National Stock Exchange of India Limited (NSE Emerge) to the Main Board of the NSE. Further, the Company also got listed on the Main Board of the BSE. The equity shares of the Company were originally listed on the NSE Emerge platform on March 31, 2022. With consistent growth in operations, financial performance, and investor confidence, the Company met all the eligibility criteria prescribed by the Stock Exchanges and the Securities and Exchange Board of India (SEBI) for migration to the Main Board. Pursuant to the necessary approvals received from the shareholders and the stock exchanges, the equity shares of the Company were admitted to trading on the Main Board of NSE and BSE with effect from Friday, June 20, 2025. The migration to the Main Board marks a significant milestone in the Company’s growth journey. This step is expected to enhance the visibility of the Company in the capital markets, improve liquidity for shareholders, and broaden the investor base. The Board places on record its sincere appreciation to all stakeholders, including shareholders, regulatory authorities, and employees, for their continued support and trust in the Company. 2025-26 Krishival Foods Limited (Annual Report) Issue of Partly paid-up Right Issue: During the year under review, your Company undertook a Rights Issue of equity shares to strengthen its capital base and support future growth plans. The Board of Directors, at its meeting held on November 26, 2025, approved the issuance of equity shares on a rights basis in accordance with the provisions of Section 23(1)(c) read with Section 62(1)(a) and other applicable provisions of the Companies Act, 2013 and the applicable provisions o [Showing first 8,000 characters — download PDF for full document]