ADF FOODS LTD.-$

Adf Foods Ltd has provided an update on ongoing litigation involving its US step-down subsidiary. Following a permanent injunction and monetary award in favor of the subsidiary, the opposing party, Ascot Valley Foods Ltd ('Ascot'), has filed a Notice of Appeal to the United States Court of Appeals for the Second Circuit. The appeal challenges the judgments passed by the United States District Court, Southern District of New York. As of the filing date, no stay has been granted on the injunction or judgments, meaning they remain in effect. Adf Foods' US subsidiary intends to contest the appeal and protect its rights.

ADF Foods Limited announced its financial results for the first quarter ended June 30, 2026, reporting a strong double-digit growth for the fourth consecutive quarter. Consolidated revenue increased by 25.9% year-on-year to ₹167.3 crore. EBITDA grew by 26.0% to ₹29.7 crore, maintaining a margin of 17.7%. Profit After Tax (PAT) saw a 13.4% increase to ₹17.3 crore. The company highlighted growth drivers including deeper shelf-space penetration, category diversification, new product listings, and strong execution in international markets, despite geopolitical challenges and shipping constraints. Key business highlights include AEO-T3 certification for enhanced export operations and the commencement of commercial deliveries from their new Surat facility. The company remains focused on brand strengthening, distribution expansion, and capacity scaling.

Adf Foods Ltd announced the incorporation of a wholly owned step-down subsidiary in Ireland, named ADF Foods Ireland Limited, to support its European growth plans. The new entity will be a subsidiary of ADF Foods UK Limited, which is itself a wholly owned subsidiary of Adf Foods Ltd. The incorporation is part of the company's strategy to facilitate ease of doing business in Europe. The initial investment for equity subscription is EUR 20,000.

ADF Foods Limited announced its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The Board of Directors approved these results during a meeting held on July 29, 2026. The company has submitted these results along with a limited review report from its statutory auditors, M/s. MSKA & Associates LLP. The financial statements have been prepared in accordance with Indian Accounting Standard 34 (Ind AS 34) and other recognized accounting principles.

ADF Foods' Q1 FY27 (June quarter) consolidated revenue rose 25.9% YoY to ₹167.29 Cr (₹132.88 Cr in Q1 FY26), though down 14.97% sequentially from the seasonally stronger ₹196.73 Cr in Q4 FY26. Reported consolidated PAT was ₹17.29 Cr, up 13.4% YoY and down 33.3% QoQ, EPS ₹1.57. That headline profit growth is largely an artefact of a one-off: the company's US subsidiary received a USD 2.08 mn (₹19.69 Cr) refund of import tariffs, of which ₹7.29 Cr was recognized this quarter as a reduction in cost of materials consumed (note 6). Stripping that out, underlying consolidated PAT is closer to ₹11.9 Cr, a decline of roughly 22% YoY — a materially different picture from the reported +13.4%. Standalone (India) numbers, which carry none of the tariff item, tell a steadier story: PAT of ₹18.28 Cr (+7.6% YoY) on revenue of ₹120.94 Cr (+20.5% YoY) — standalone PAT alone exceeds the consolidated figure this quarter, implying overseas subsidiaries were roughly breakeven-to-loss before the refund; the auditors' review report separately flags a combined ₹1.16 Cr net loss at three unreviewed overseas entities for the quarter. Margins show the same divide: net margin compressed to ~10.3% from 11.2% YoY and 12.6% QoQ, even as operating margin held broadly flat around 17.7% (17.7% YoY, 17.4% QoQ) — the pressure sits below the operating line (other income, overseas contribution), and the tariff credit offset part of that drag rather than reflecting a genuine operating improvement. Against management's FY27 guidance from the May 2026 concall — ₹800-850 Cr if the Middle East stays muted (12-15% growth) versus ₹925-1,000 Cr if it normalizes (30%+ growth) — Q1's run-rate (using Q1's historical ~19.4% share of FY26's ₹683.23 Cr consolidated revenue) annualizes to roughly ₹860 Cr, tracking near the top of the conservative band but well short of the normalization case. International/overseas revenue (consolidated less standalone) grew ~42% YoY to ₹46.3 Cr, faster than standalone's 20.5%, a directional sign of Middle East-linked demand improving, though profitability from that overseas book stayed weak this quarter absent the tariff refund. No analyst consensus or brokerage preview for this quarter turned up in a web search, so vs-street is unknown; no management press-release commentary was available beyond the SEBI filing and notes. The board also recommended a ₹0.60/share final dividend and issued the 36th AGM notice this quarter, unrelated to the operating print. The remaining ₹9.28 Cr of the tariff refund is still unresolved pending discussions on customer commercial arrangements and could still flow through P&L, or get shared back with customers, in coming quarters.

Adf Foods Limited has announced that its Board of Directors will convene on July 29, 2026. The primary agenda item is to consider and approve the Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. Concurrently, the company has informed that the trading window, which was closed from July 1, 2026, will remain shut until July 31, 2026, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015.

Adf Foods Ltd has informed shareholders about the dispatch of letters containing the web-link and exact path to access the Annual Report for FY 2025-26 and the Notice for its 36th Annual General Meeting (AGM). This communication is specifically for shareholders who have not registered their email addresses. The 36th AGM is scheduled for August 12, 2026, via Video Conferencing. The company is encouraging shareholders to update their KYC details, including email addresses, to receive future communications and dividends electronically, promoting a 'Green Initiative'. The Annual Report and AGM Notice are also available on the company's website and stock exchange websites.

ADF Foods Limited has submitted its Business Responsibility and Sustainability Report (BRSR) for the Financial Year 2025-26, as per SEBI (LODR) Regulations, 2015. The report details the company's corporate identity, operations, employee data, and market reach. ADF Foods operates primarily in manufacturing and distribution of processed foods, with 100% of its turnover attributed to this segment. The company serves over 60 countries globally, with exports contributing 99.61% to its total turnover. The report also provides employee statistics, including a breakdown by gender and employment type, and notes the absence of differently-abled employees and workers in the reported figures. The BRSR is available on the company's website.

ADF Foods Limited has filed its Annual Report for the Financial Year 2025-26 and the Notice for its 36th Annual General Meeting (AGM). The AGM is scheduled for Wednesday, 12th August, 2026, at 04:00 P.M. (IST) and will be conducted through Video Conferencing (VC) / Other Audio Visual Means (OAVM). The Annual Report, themed 'Scaling Indian flavours responsibly', covers various aspects including leadership message, company overview, financial performance, strategic growth pillars, ESG performance, and statutory reports. Both the Notice and Annual Report are accessible on the company's website.

ADF Foods Limited announced its 36th Annual General Meeting (AGM) will be held on Wednesday, August 12, 2026, at 4:00 p.m. (IST) via Video Conferencing/Other Audio Visual Means. The notice and Annual Report for FY2025-26 were sent to shareholders electronically on July 17, 2026. Key agenda items for the AGM include the adoption of audited standalone and consolidated financial statements for the Financial Year ended March 31, 2026, and the declaration of a final dividend of ₹0.60 per equity share of face value ₹2/- each for FY2026. Additionally, the re-appointment of Mr. Bimal Thakkar, who retires by rotation, will be considered. A special resolution will also be proposed to approve the continuation of Mr. Bimal Thakkar's existing remuneration terms for the remaining tenure of his current appointment until September 30, 2028. The AGM notice and Annual Report are available on the company's website.