Tasty Bite Eatables Approves Audited Financial Results for FY 2026 Amid Qualified Audit Opinion
Tasty Bite Eatables Limited announced the outcome of its Board Meeting held on May 29, 2026. The Board approved the audited financial results for the quarter and year ended March 31, 2026. The company also recommended a final dividend payment, though the results were highlighted with a modified opinion issued by the statutory auditors.The company initiated the trading window for Designated Persons and their immediate relatives effective May 31, 2026.
Key Financial Outcomes and Recommendations
At the Board meeting, the company transacted several key items regarding its financial standing and capital returns.The Board recommended the payment of a Final Dividend of Rs 10 per equity share. This dividend applies to 25,66,000 equity shares, each having a face value of INR 10, and is for the financial year ended on March 31, 2026. The payment of this dividend remains subject to the approval of the shareholders at the ensuing Annual General Meeting.
Basis of Qualified Audit Opinion
The audited Annual Financial Results for the year ended March 31, 2026, carry a modified opinion from the statutory auditors, Kalyaniwalla & Mistry LLP. The basis for the qualified opinion relates to related party transactions.Specifically, the auditors noted that the Company did not obtain prior approval of the Audit Committee concerning related party transactions aggregating to INR 48.92 million. Furthermore, the Company lacked prior shareholder approval for material related party transactions with the related party, which exceeded the prescribed threshold by INR 94.47 million.
Following the absence of requisite prior approvals, the Company initiated a postal ballot for post facto shareholder approval. However, the shareholders gave their dissent and did not pass the required resolution. Consequently, the auditors stated they are unable to comment on the possible consequential effects arising from this matter.
Financial Performance Snapshot
The audited financials provide a detailed look at the company’s performance, covering the year ended March 31, 2026, and the preceding year.Statement of Profit / Loss (INR in Million)
| Metric | Year Ended 31 March 2026 (Audited) | Year Ended 31 March 2025 (Audited) |
|---|---|---|
| Total income | 5,716.22 | 5,730.15 |
| Total expenses | 5,236.20 | 5,386.20 |
| Profit / (loss) after tax | 353.02 | 256.08 |
| Total comprehensive income / (loss) | 312.10 | 252.52 |
| Earnings per share (Basic) | 137.57 | 99.80 |
Statement of Financial Position (Assets and Liabilities)
| Item | As at 31 March 2026 (Audited) | As at 31 March 2025 (Audited) |
|---|---|---|
| Total non-current assets | 2,325.83 | 2,459.17 |
| Total current assets | 2,425.33 | 2,091.10 |
| TOTAL ASSETS | 4,751.16 | 4,550.27 |
| Total equity | 3,420.08 | 3,113.12 |
| Total non-current liabilities | 387.82 | 655.86 |
| Total current liabilities | 943.26 | 781.29 |
| TOTAL EQUITY AND LIABILITIES | 4,751.16 | 4,550.27 |
Cash Flow Summary (INR in Million)
The company generated strong cash flow from its operations for the year.| Cash Flow Component | Year Ended 31 March 2026 (Audited) | Year Ended 31 March 2025 (Audited) |
|---|---|---|
| Net cash from operating activities | 590.00 | 392.10 |
| Net cash (used in) investing activities | (63.41) | (124.26) |
| Net cash (used in) financing activities | (407.05) | (199.76) |
| Net increase in cash and cash equivalents | 119.54 | 68.08 |
| Cash and cash equivalents at the end of period | 273.02 | 153.48 |
For complete details, investors can refer to the full audited financial statements, including the Statement of Audited Assets and Liabilities and the Statement of Audited Cash Flows.
TASTYBITE Stock Price Movement
Tasty Bite Eatables Limited shares shed value on Friday, settling at ₹7618 after dropping 0.72% for the day. Trading activity accounted for 1,913 shares, keeping the equity contained within a range of ₹7580 to ₹7834.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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