Piccadily Agro Industries Releases Quarterly Results and Recommends New Statutory Auditors

<h1>Piccadily Agro Industries Releases Quarterly Results and Recommends New Statutory Auditors</h1>

Piccadily Agro Industries Limited has announced the outcomes of its Board meeting held on August 11, 2026, which included the review of its un-audited standalone and consolidated financial results for the quarter ending June 30, 2026. The company also made a recommendation regarding the appointment of statutory auditors.

The board reviewed and approved the unaudited financial statements for the quarter. These statements were prepared in accordance with Indian Accounting Standard 34 (Ind AS) prescribed under Section 133 of the Companies Act, 2013, read with relevant rules and generally accepted accounting principles in India. The company noted that since one of its business segments is seasonal, the performance in any single quarter may not be representative of the annual performance.

The financial results for the standalone entity during the quarter ended June 30, 2026, reflect a robust operational period.


The company's consolidated results include the performance of several subsidiaries and an associate: Portvadie Distillers & Blenders Limited, Six Trees Drinks Private Limited, Piccadily Food and Essentials Limited, and Piccadily Sugar & Allied Industries Limited.

Regarding governance structure, the Board of Directors recommended M/s Rattan Kaur & Associates, Chartered Accountants (Firm Registration No. 022513N), as the Statutory Auditors of the Company for a period of five years, subject to approval by the shareholders at the upcoming Annual General Meeting.

The independent auditor issued a review report on the Quarterly Unaudited Standalone Financial Results and Limited Review Report on the Quarterly Unaudited Consolidated Financial Results, stating that nothing came to their attention that suggested material misstatement in the accompanying statements prepared as per Ind AS 34.

The management noted that employee benefit expenses included provisions made for the Employee Stock Option Scheme.

PICCADIL Stock Price Movement​

Today, shares of Piccadily Agro Industries Limited gained a solid 2.76% to settle at ₹778.25 in the post-market session, marking an upward trend for the stock. The equity traded within a range that briefly touched an intraday high of ₹809.7 and saw a robust trading activity with 772,512 shares exchanged today.