Hexagon Nutrition Announces Q2026 Results, Board Decisions; Recommends Final Dividend

Hexagon Nutrition Announces Q2026 Results, Board Decisions; Recommends Final Dividend​

Hexagon Nutrition Limited released its unaudited Standalone and Consolidated Financial Results for the quarter ending June 30, 2026, following a Board meeting held on August 12, 2026. The company also disclosed key corporate actions, including personnel appointments, dividend recommendations, and the completion of a significant merger.

The Board Meeting focused on approving the financial performance for the quarter and making decisions regarding the company's governance structure. Among the resolutions transacted were the recommendation of a final dividend and critical operational updates regarding the management team and mergers.

Financial Performance Highlights (Consolidated)​

Hexagon Nutrition reported its consolidated unaudited financial results for the quarter ended June 30, 2026. The company achieved Total Income of 1,063.84 million, down from 742.37 million in the corresponding period of the previous year. Total Expenses were recorded at 958.45 million, leading to a Profit before tax of 106.01 million. The company registered a net profit for the period of 80.73 million.

The following table provides a comparison of the key financial performance indicators across the reported periods (all amounts in Rupees millions):

Corporate Governance and Operational Updates​

The Board Meeting approved several matters pertaining to corporate governance and operations:

• Dividend Recommendation: The Board recommended a final dividend of 30.30 Paise per Equity Share, with face value of 1/- each, for the financial year ended March 31, 2026. This recommendation is subject to approval by shareholders at the forthcoming Annual General Meeting (AGM) scheduled for September 22, 2026.
• Personnel Appointments: Mr. Raghunath Sawant was appointed as an Additional Executive Director effective from August 12, 2026.
• Director Remuneration and Reappointment: The Board approved a revision in the annual remuneration payable to Chairman and Executive Director Mr. Arun Purushottam Kelkar, Managing Director Mr. Vikram Arun Kelkar, and Joint Managing Director Dr. Nikhil Arun Kelkar. Additionally, the re-appointment of Mr. Arun Purushottam Kelkar as Chairman & Director was recommended.
• Governance Changes: The Board approved the alteration of the Articles of Association, which includes deleting Part B in its entirety and removing references to Matani Ventures Private Limited and its affiliates.

IPO Completion and Subsidiary Status​

The company confirmed that it completed its Initial Public Offering (IPO) on June 12, 2026, through a 100% Offer for Sale (OFS). The offer involved 3,08,59,704 equity shares at an offer price of 45/- per share, with the issue aggregating to 138.87 crores by the existing selling shareholders. Since the IPO was entirely an OFS, the company did not receive any proceeds from the transaction.

Furthermore, the Independent Auditor's Review Report highlighted several operational transitions:

• Merger Completion: The merger of Hexagon Nutrition (Exports) Private Limited, a former wholly owned subsidiary, into Hexagon Nutrition Limited has been accounted for under the Pooling of Interests Method. This amalgamation was approved by the National Company Law Tribunal on January 14, 2026.
• CCPS Conversion: During the quarter ended June 30, 2026, the company converted its outstanding Compulsorily Convertible Preference Shares (CCPS) into Equity Shares of face value 1/- each. The conversion did not impact the financial numbers or profitability for the quarter but affected Earnings Per Share (EPS).
• Foreign Subsidiary Status: Both Hexagon Nutrition Proprietary Ltd (South Africa) and Hexagon Nutrition LLC (Uzbekistan) reflect a net liability position amounting to Rs. (121.91) million due to historical accumulated losses as of March 31, 2026. The management has initiated strategic interventions in these overseas operations.

The company also noted that it had commenced the phased decommissioning and operational restructuring of its Premix manufacturing facility located at Nashik, Maharashtra.

HEXAGON Stock Price Movement​

Hexagon Nutrition Limited saw its stock rally on Wednesday, climbing 4.95% in trading and closing at ₹65.91 per share. The equity traded within a narrow band between a low of ₹63 and a high of ₹67, with 500,920 shares changing hands.