PICCADILY AGRO INDUSTRIES LTD.

Piccadily Agro Industries Ltd. announced the launch of Indri Ilika, a new travel retail exclusive single malt Indian whisky. Crafted at the Indri Distillery and matured in Ex-Spanish Sherry and Ex-American Bourbon casks, Ilika offers a subtle peat profile with notes of tropical fruit, chocolate, and vanilla. This launch targets discerning global travelers and aims to strengthen Indri's position in the premium whisky market. Indri has achieved over 100,000 case sales for two consecutive years and received numerous international accolades, positioning India as a significant whisky-producing nation. Indri Ilika will be available in select global travel retail channels at approximately USD 80.

Piccadil Agro Industries Limited has filed its Statement of Deviation for the quarter ended March 31, 2026, as mandated by SEBI regulations. The report, certified by its statutory auditors M/s Jain & Associates, confirms that the company has utilized the entire ₹50 crore proceeds from the preferential allotment of Convertible Warrants to M/s Soon-N-Sure Holdings Limited solely for the 'Objects of the Issue' as disclosed in the original offer document. The auditors found no material deviations in the utilization of these funds, ensuring compliance with the stated purpose of the preferential issue.

Piccadily Agro Industries Limited submitted its Statement of Deviation for the quarter ended March 31, 2026, regarding the utilization of proceeds from Compulsorily Convertible Debentures (CCDs) and Convertible Warrants. The monitoring agency, ICRA Limited, reported no material deviation from the objects of the issue. The total issue size was ₹261.99 crores, revised from an initial ₹283.99 crores due to the under-subscription of CCDs. The company confirmed that the utilization of funds is in line with the stated objects, and all necessary approvals have been obtained. The company also commenced commercial production at its Chhattisgarh unit.

Piccadily Distillery's Indri Agneya was awarded 'Single Malt Whisky of the Year' at the London Spirits Competition 2026, where Cashmir Vodka also achieved high scores. At the Asian Spirits Masters 2026, Indri Trini, Indri Dru, and Camikara Rum 8-Year-Old secured Master Awards, with Camikara Rum 3-Year-Old winning a Gold Medal. These accolades highlight Piccadily's cross-category excellence and position India as a contender in the premium spirits market.

Piccadily Agro Industries Limited reported strong financial results for FY26, achieving a record total revenue of ₹1,143 crore, surpassing the ₹1,100 crore milestone. This growth was primarily driven by the aggressive expansion of its distillery business and premium spirit offerings. The Alco-bev division's revenue surged 42.1% year-over-year to ₹908 crore. The company's Profit Before Tax (PBT) increased by 33% to ₹192 crore, with Net Profit reaching ₹140 crore. In Q4 FY26, the Alco-bev division saw revenue jump 67% YoY to ₹250 crore and PBT rise 79% to ₹63 crore. The company's performance was bolstered by strong consumer demand for its premium brands. Piccadily Agro is also undergoing a strategic demerger of its sugar division, aiming to become a pure-play alco-beverage company by the end of FY27, enhancing strategic focus and value creation. Additionally, its Chhattisgarh facility is set to begin monetization from May 2026.

Piccadily Agro Industries Ltd's Board approved a Scheme of Arrangement to demerge its Sugar Business into Piccadily Food & Essential Limited (PFEL), a wholly-owned subsidiary. This strategic move aims to create two distinct listed entities: one for the Sugar Business (PFEL) and the other for the Distillery Business (PAIL). The demerger is subject to various regulatory and shareholder approvals, including from NCLT, BSE, NSE, and SEBI. The Board also approved the audited financial results for the quarter and year ended March 31, 2026, and a report explaining the scheme's effect on shareholders and key personnel.

Piccadily Agro Industries Ltd's Board, in its meeting on April 28, 2026, approved the Q4 and FY26 audited standalone and consolidated financial results. A major decision was the approval of a Scheme of Arrangement for the demerger of the company's Sugar Business into Piccadily Food & Essential Limited (PFEL), a wholly-owned subsidiary. This demerger, subject to regulatory and shareholder approvals, will create two listed entities: PAIL for the Distillery Business and PFEL for the Sugar Business. The Board also approved a report on the scheme's impact and noted the resignation of statutory auditors.

Piccadily Agro Industries Ltd's Board approved the Audited Financial Results for the quarter and year ended March 31, 2026. Crucially, the Board also approved a Scheme of Arrangement for the demerger of its Sugar Business into Piccadily Food & Essential Limited (PFEL), a wholly-owned subsidiary. This corporate action aims to create two separately listed companies: PAIL will house the Distillery Business, and PFEL will house the Sugar Business, with proportionate shareholding for existing shareholders. The scheme is contingent on receiving requisite approvals from statutory and regulatory authorities, including NCLT, BSE, NSE, SEBI, and the respective shareholders and creditors. Additionally, the company announced the resignation of its statutory auditors.

Piccadily Agro Industries Ltd has announced that its Board of Directors will convene on April 28, 2026. The meeting's agenda includes the approval of the company's audited financial results for the quarter and full year ended March 31, 2026, both on a standalone and consolidated basis. Additionally, the board will consider a proposal for the demerger of the company's sugar unit. This announcement follows previous communications dated March 23, 2026, and complies with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Piccadily Agro Industries Ltd's Indri Single Malt Indian Whisky, specifically the Diwali Collector's Edition 2025, has achieved a historic win, securing the "Best Special Edition Design" award in the World's Best Design Category at the World Whiskies Awards 2026. This marks the first time an Indian brand has claimed this prestigious global title. The award-winning design, created by Krsnaa Mehta, is a tribute to India's rich heritage, drawing inspiration from royal gardens, majestic elephants, and intricate architectural elements. The packaging features traditional motifs and ornate patterns, reflecting India's artistic legacy and Indri's commitment to excellence. This global recognition not only celebrates India's cultural richness but also elevates Indri's brand standing against international competitors, reinforcing India's growing influence in the global whisky market for both quality and distinctive design.