Sapphire Foods India Limited Announces Board Meeting Outcomes and Financial Results for FY2026
Sapphire Foods India Limited released key updates regarding its governance and financial performance following the Board of Directors' meeting held on April 28, 2026. The company announced the audited financial results for the quarter and financial year ended March 31, 2026, alongside several key appointments and a senior management resignation.Governance and Personnel Updates
The Board meeting approved the resignation of Mr. Amar Patel, Executive Vice President and Chief Technology Officer (Senior Management Personnel), from the company. Mr. Patel will serve his notice period until June 1, 2026.The Board also confirmed the re-appointment and continuation of several key directors:
- Mr. Sanjay Purohit: Re-appointed as Whole Time Director & Group CEO.
- Mr. Sunil Chandiramani: Re-appointed for a second term as Chairman and Independent Director.
- Ms. Deepa Wadhwa: Re-appointed for a second term as Independent Director.
- Ms. Anu Aggarwal: Re-appointed for a second term as Independent Director.
- Mr. Sumeet Narang: Continuation of appointment as Non-Executive Nominee Director.
Audited Financial Results for FY2026
Sapphire Foods India Limited released the audited Standalone and Consolidated Financial Results for the quarter and financial year ended March 31, 2026. The financial statements were reviewed by M/s. Deloitte Haskins & Sells, Chartered Accountants, who issued reports with an unmodified opinion on the audited financial results.Financial Highlights (Consolidated Basis)
The consolidated results show significant changes in profitability and asset structure year-over-year.Statement of Audited Consolidated Financial Results (Rs. in Million)
| Particulars | Year Ended March 31, 2026 | Year Ended March 31, 2025 |
|---|---|---|
| Total Income | 31,533.61 | 29,190.79 |
| Total Expenses | 31,666.62 | 28,806.48 |
| Loss/Profit before exceptional items and tax | (133.01) | 384.31 |
| Exceptional Items | 239.59 | 152.95 |
| Loss before tax | (372.60) | 231.36 |
| Total Tax (credit)/ expense | (53.06) | 64.32 |
| Loss/Profit after tax | (319.54) | 167.04 |
| Total Comprehensive Loss/(Income) | (299.83) | 207.75 |
| Total Comprehensive Loss/(Income) for the period attributable to Equity holders | (298.20) | 233.35 |
Consolidated Balance Sheet Summary (Rs in Million)
| Particulars | March 31, 2026 (Audited) | March 31, 2025 (Audited) |
|---|---|---|
| Total Non-Current assets | 29,174.96 | 26,183.26 |
| Total Current assets | 3,383.96 | 4,226.62 |
| Total Assets | 32,558.92 | 30,409.88 |
| Total Equity | 13,885.54 | 13,961.76 |
| Total Non-current liabilities | 13,297.00 | 11,860.86 |
| Total current liabilities | 5,376.38 | 4,587.26 |
| Total Equity and Liabilities | 32,558.92 | 30,409.88 |
Standalone Financial Overview
The standalone results, also audited by Deloitte Haskins & Sells, reflect the company's performance and asset position.Standalone Balance Sheet Summary (Rs in Million)
| Particulars | March 31, 2026 (Audited) | March 31, 2025 (Audited) |
|---|---|---|
| Total Non-Current assets | 26,730.80 | 24,255.28 |
| Total Current assets | 2,593.83 | 3,617.65 |
| Total Assets | 29,324.63 | 27,872.93 |
| Total Equity | 12,303.81 | 12,575.06 |
| Total Non-current liabilities | 12,375.51 | 11,346.70 |
| Total current liabilities | 4,645.31 | 3,951.17 |
| Total Equity and Liabilities | 29,324.63 | 27,872.93 |
The company also provided comprehensive cash flow statements detailing the movement of cash from operating, investing, and financing activities for both the consolidated and standalone entities.
SAPPHIRE Stock Price Movement
As of 2:16 PM, shares of Sapphire Foods India Limited are shedding 1.49% in live trading, currently trading at ₹173.31. The stock saw high activity, trading a substantial volume of 887,669 shares during the session.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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