Hoac Foods India Approves Audited Financial Results for Half Year and Full Year Ended March 31, 2026
Hoac Foods India Limited announced that its Board of Directors approved the audited financial results for the Company for the half year and the financial year ending March 31, 2026. The results were approved during the Board meeting held on May 11, 2026.The Company released the Consolidated and Standalone Audited Financial Results for the six months and the financial year ended March 31, 2026. These results were duly reviewed by the Audit Committee and subsequently approved by the Board of Directors.
Key Corporate Approvals and Governance Updates
The Board of Directors considered and approved several business items during the meeting. Additionally, the Company announced that the "trading window" for all Designated persons and their immediate relatives remained closed since May 13, 2026. The window will remain closed until 48 hours after the announcement of the Audited Financial Results for the half-year and financial year ended March 31, 2026, for all covered designated persons and their immediate relatives.Audited Financial Review
The audited financial statements submitted reflect the Group's financial position and performance.The independent audit report confirmed that the statement gives a true and fair view in conformity with the applicable Indian Accounting Standards (Ind AS) for the half year and financial year ended March 31, 2026.
The consolidated financial results include financial results from the following entities:
| Sr. No. | Name of the Entity | Relation | Proportion of Ownership Interest |
|---|---|---|---|
| 1 | HOAC Exports Pvt. Ltd | Subsidiary | 75% |
| 2 | M/s Rajdhara Foods Pvt. Ltd | Subsidiary | 51% |
Capital Structure and Utilization Details
The Company provided details regarding the utilization of issue proceeds from a Qualified Institutions Placement (QIP). The allotment of 4,97,250 equity shares of face value INR 10 each was made to qualified institutional buyers (QIB) at the issue price of 201 per equity share, realizing an aggregate of ₹999.47 lakhs on July 3, 2025.The utilization of the funds, as detailed in the table below, shows the following allocation:
| Object as Disclosed in the Offer Document | Amount Disclosed in the Offer Document (Rs in Lakh.) | Actual Utilized Amount (As on 31st March, 2026) | Unutilized Amount (As 31st March, 2026) |
|---|---|---|---|
| To Meet Out the Working Capital Requirement of the Company | 350 | 350.00 | - |
| To Meet Out the General Corporate Purpose | 145.5 | 145.50 | - |
| Issue Related Expenses | 58.9 | 58.90 | - |
| Total | 554.4 | 554.40 | - |
For the Prospectus Object of Issue:
| Object of the Issue as per Prospectus | Utilization Planned as per Prospectus | Total Utilization up to September 30, 2024 | Amount Pending For Utilization |
|---|---|---|---|
| Meeting Working Capital Requirements General corporate purposes | 785.00 137.77 | 275.00 137.77 | 510.00 Nil |
| Total | 922.77 | 412.77 | 510.00 |
The Company’s financial statements are available for investors at www.hoacfoodsindia.com, and www.nseindia.com.
The results were approved by the Board of Directors on May 11, 2026.
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For Hoac Foods India Limited
Rambabu Thakur
Managing Director
Date: May 11, 2026
HOACFOODS Stock Price Movement
On Monday, shares of Hoac Foods India Limited gained 2.03% to close at ₹515.15. The equity hit a 52-week high of ₹519 during the session, trading on a volume of 10,875 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.
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