Avanti Feeds Board Approves Dividend, Reappoints Key Leadership, Releases Financial Results for FY26
Avanti Feeds Limited recently announced key corporate decisions and released its audited financial results for the year and quarter ended March 31, 2026. The Board of Directors approved a final dividend and recommended the re-appointment of key executives, solidifying the company's leadership structure while outlining its financial performance across core segments.Leadership and Governance Updates
The Board of Directors approved significant leadership appointments and structural changes, including the extension of tenure for top executives.Dr. A. Indra Kumar was recommended for re-appointment as Chairman and Managing Director. His tenure will extend for a further period of five years, effective from July 1, 2026, to June 30, 2031. This revised period corrected an earlier clerical error in the company's records.
The management also confirmed the re-appointment of C. Ramachandra Rao as Joint Managing Director (JMD) and Company Secretary (CS) for five years, with the term running from April 1, 2027, to March 31, 2032.
In a key succession move, the Board approved C. Ramachandra Rao’s relinquishment of his duties as Chief Financial Officer (CFO) of the Company. Mrs. B. Santhi Latha, who currently serves as General Manager (Finance & Accounts), was designated as the CFO, effective June 1, 2026.
Financial Performance Overview
The Company announced the audited and consolidated financial results for the quarter and year ended March 31, 2026. The independent auditor issued an Unmodified Opinion on the audited financial results for both the consolidated and standalone entities.The audited statements for the period compare performance metrics, providing a view of the company's assets and liabilities.
Key financial totals reported in the audited statements are detailed below:
| Metric | As at March 31, 2026 (Audited) | As at March 31, 2025 (Audited) |
|---|---|---|
| Total Assets | 4,26,039.62 (in lakhs) | 2,78,535.15 (in lakhs) |
| Total Equity | 3.28,605.36 (in lakhs) | 2,38,441.45 (in lakhs) |
| Total Liabilities | 97,434.26 (in lakhs) | 39,093.70 (in lakhs) |
For the financial year ended March 31, 2026, the company reported a consolidated total comprehensive income of 1,560,588 lakhs.
The segment analysis for the year showed robust performance across continuing operations, particularly in the Shrimp Hatchery segment.
Dividend and Corporate Payments
The Board recommended a final dividend of Rs. 10/- (Rupees Ten Only) per equity share, which carries a face value of Rs. 1/- each for the financial year ended March 31, 2026. This dividend is subject to the approval of the shareholders at the upcoming Annual General Meeting (AGM).Furthermore, the payment of commission to Non-Executive Directors was set at 1% of the company's profits for all Non-Executive Directors combined, or Rs. 1.00 crore, whichever is lower. This limit of Rs. 1.00 crore applies for a period spanning from FY 2026-27 to FY 2030-31.
The 33rd Annual General Meeting for the members of the Company is scheduled to be held on Friday, August 14, 2026, via Video Conferencing/Other Audio-Visual Means.
The company also noted that the continuing business segments include Shrimp Feed, Shrimp Hatchery, and Processed Shrimp, while the wind power operation was classified as a discontinued segment.
AVANTIFEED Stock Price Movement
Shares of Avanti Feeds Limited shed 7.14% today, settling at ₹1203.6 in post-market trading. The stock observed significant movement, trading on a total volume of 2.35 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.
Last edited by a moderator: