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Tasty Bite Eatables Ltd. — Earnings Release 2026
May 29, 2026
61474_rns_2026-05-29_debccfae-8c39-42ba-80c0-9c2e397f93b7.pdf
Earnings Release
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TASTYBITE
Tasty Bite Eatables Limited
TBEL/SE/2026-27
29 May 2026
BSE Limited
Corporate Relationship Department
1st Floor, New Trading Ring,
Rotunda Bldg., P. J. Towers,
Dalal Street, Mumbai- 400001
Scrip Code: 519091
NSE Limited
Corporate Service Exchange Plaza,
Bandra Kurla Complex, Bandra (East)
Mumbai -400051
NSE Symbol: TASTYBITE
Sub: Outcome of the Board Meeting held on Friday 29 May 2026, pursuant to Regulation 30 and Regulation 33 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015
Dear Sir/Madam,
Pursuant to Regulations 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of Directors of Tasty Bite Eatables Limited at their meeting held today i.e. Friday 29 May 2026 at its registered office address at 201/202, Mayfair Tower, Wakdewadi, Shivaji Nagar, Pune which commenced at 18:00 p.m. (IST) and concluded at 20:45 p.m. (IST) inter-alia, transacted the following business: -
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Approved the audited financial results of the Company for the quarter and year ended 31 March 2026 along with Modified Auditor's report issued by M/s. Kalyaniwalla & Mistry LLP. (Enclosed herewith as Annexure — A) and the statement on impact of audit qualification is attached as Annexure B.
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The recommendation of payment of Final Dividend of Rs 10 per equity share on 25,66,000 equity shares (Face Value INR 10 each fully paid up) for the financial year ended on 31 March 2026 and the same shall be payable subject to approval of the shareholders at the ensuing Annual General Meeting of the Company.
Further, in accordance with the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 and the Company's Code of Conduct for Prohibition of Insider Trading, the "Trading Window" for trading in the shares of the Company will open from 31 May 2026 for the Designated Persons of the Company and their immediate relatives.
In accordance with SEBI Listing Regulations, 2015 we confirm that the Auditor's Report on the Financial Results of the Company for the year ended 31 March 2026 is with modified opinion.
Regd. Off.: 201/202, Mayfair Tower, Wakdewadi, Shivajinagar, Pune - 411 005, India.
Tel.: +91 20 3021 6000, 2553 1105 Fax: +91 20 3021 6048, E-mail: [email protected]
Factory: Gat No. 490, Bhandgaon, Pune Solapur Highway, Tal. Daund, Dist. Pune - 412214. Tel.: +91 2117 306500
Website: www.tastybite.co.in, CIN: L15419PN1985PLC037347
TASTY BITE
Tasty Bite Eatables Limited
The intimation will also be updated on the Company's website at: https://www.tastybite.co.in/
Kindly acknowledge and take the same on record.
Thanking You
Yours Faithfully
For Tasty Bite Eatables Limited
VIMAL TANK
Digitally signed by
VIMAL TANK
Date: 2020.05.29
22:40:05 +05'30'
Vimal Tank
Company Secretary & Compliance Officer
Encl: A/a
Regd. Off.: 201/202, Mayfair Tower, Wakdewadi, Shivajinagar, Pune - 411 005, India.
Tel.: +91 20 3021 6000, 2553 1105 Fax: +91 20 3021 6048, E-mail: [email protected]
Factory: Gat No. 490, Bhandgaon, Pune Solapur Highway, Tal. Daund, Dist. Pune - 412214. Tel.: +91 2117 306500
Website: www.tastybite.co.in, CIN: L15419PN1985PLC037347
KALYANIWALLA & MISTRY LLP
CHARTERED ACCOUNTANTS
INDEPENDENT AUDITOR'S REPORT TO THE BOARD OF DIRECTORS OF TASTY BITE EATABLES LIMITED
Report on the Audit of the Annual Financial Results
Qualified Opinion
We have audited the accompanying Annual Financial Results of TASTY BITE EATABLES LIMITED (“the Company”) for the year ended March 31, 2026, together with the Notes thereon, attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the Securities and Exchange Board of India (‘SEBI’) (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“Listing Regulations”).
In our opinion and to the best of our information and according to the explanations given to us, except for the possible effects of the matter described in the ‘Basis of Qualified Opinion’ section of our report, these annual financial results:
i) are presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and
ii) give a true and fair view in conformity with the applicable accounting standards (“Ind AS”) and other accounting principles generally accepted in India of the net profit and other comprehensive loss and other financial information of the Company for the year ended March 31, 2026.
Basis for Qualified Opinion
As disclosed in note no. 6 to the accompanying annual financial results, the Company did not obtain prior approval of the Audit Committee in respect of related party transactions with a related party aggregating to INR 48.92 million, as required under Regulation 23 (2) of the Listing Regulations, which have been subsequently approved by the audit committee during the year.
As disclosed in Note no. 6 to the accompanying annual financial results, the Company did not obtain prior approval of the shareholders as required under Regulation 23 (4) of the Listing Regulations, in respect of material related party transactions with the said related party, which exceeded the threshold specified in Schedule XII of the Listing Regulations, by INR 94.47 million. Subsequent thereto, the Company initiated postal ballot for the post facto approval of the shareholders for the related party transactions with the said related party, for which, the shareholders gave their dissent and did not pass it. Pending the final outcome of the Company’s proposed actions as detailed in the said note, we are unable to comment on the possible consequential effects arising thereof.
We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013 (the ‘Act’). Our responsibilities under those Standards are further described in the ‘Auditor’s Responsibilities for the Audit of the Annual Financial Results’ section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical
LLP IN : AAH - 3437
3RD FLOOR, PRO1 BUSINESS CENTER, SENAPATI BAPAT ROAD, PUNE - 411 016
REGISTERED OFFICE : ESPLANADE HOUSE, 29, HAZARIMAL SOMANI MARG, FORT, MUMBAI 400 001
TEL.: (91) (20) 2567 151, FAX: (91) (20) 2567 6427
KALYANIWALLA & MISTRY LLP
requirements that are relevant to our audit of the financial results under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion.
Board of Directors’ Responsibilities for the Annual Financial Results
These Annual Financial Results have been prepared on the basis of the annual financial statements. The Company’s Board of Directors are responsible for the preparation of these annual financial results that give a true and fair view of the net profit and other comprehensive loss and other financial information in accordance with the Indian Accounting Standards prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the annual financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error.
In preparing the Annual Financial Results, the Board of Directors are responsible for assessing the Company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.
The Board of Directors are also responsible for overseeing the Company’s financial reporting process.
Auditor’s Responsibilities for the Audit of the Annual Financial Results
Our objectives are to obtain reasonable assurance about whether the annual financial results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Annual Financial Results.
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
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Identify and assess the risks of material misstatement of the annual financial results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
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Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3) (i) of the Act, we are also responsible for expressing our opinion on whether the company has
KALYANIWALLA
& MISTRY LLP
adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls.
- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.
- Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the annual financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern.
- Evaluate the overall presentation, structure and content of the annual financial results, including the disclosures, and whether the annual financial results represent the underlying transactions and events in a manner that achieves fair presentation.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
Other Matters
The Annual Financial Results include the results for the quarter ended March 31, of the respective financial years, being the balancing figures between the audited figures in respect of the full financial year and the published unaudited year to date figures up to the end of the third quarter of the relevant financial year which were subjected to limited review by us.
Our opinion on the Annual Financial Results is not modified in respect of above matter.
For KALYANIWALLA & MISTRY LLP
CHARTERED ACCOUNTANTS
Firm Regn. No.: 104607W/W100166
Anil A. Kulkarni
PARTNER
M. No.: 047576
UDIN: 26047576OSUBLK4739
Place: Pune
Date: May 29, 2026
Tasty Bite
Tasty Bite Eatables Limited
Regd. & Corporate Office: 201/202, Mayfair Towers, Wakdewadi, Pune - 411005
Works: Bhandgaon, Taluka Dauk, Dist. Pune, Maharashtra
CIN: L15w19PN1985PLC037347, Website: www.tastybite.co.in, E-mail ID: [email protected], Tel: +91 20 3021 6000
STATEMENT OF AUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31 MARCH 2026
Amount INR in Million (except per share data)
| Sr. No. | Particulars | Quarter Ended | Year Ended | |||
|---|---|---|---|---|---|---|
| 31-Mar-26 | 31-Dec-25 | 31-Mar-25 | 31-Mar-26 | 31-Mar-25 | ||
| Refer Note 2 | (Unaudited) | Refer Note 2 | (Audited) | (Audited) | ||
| 1 | Revenue from operations | |||||
| (a) Revenue from customers | 1,174.86 | 1,767.07 | 1,335.26 | 5,477.82 | 5,531.35 | |
| (b) Other operating income | 2.06 | 2.77 | 2.12 | 8.73 | 12.70 | |
| 2 | Other income | 1,176.92 | 1,769.84 | 1,337.38 | 5,486.55 | 5,544.05 |
| 3 | Total income (1 + 2) | 1,240.29 | 1,837.96 | 1,388.09 | 5,716.22 | 5,730.15 |
| 4 | Expenses | |||||
| (a) Cost of materials consumed | 896.81 | 998.29 | 899.01 | 3,576.66 | 3,609.31 | |
| (b) Changes in inventories of finished goods, stock-in-trade and work-in-progress | (193.86) | 120.53 | (58.61) | (148.48) | (32.45) | |
| (c) Employee benefits expense | 119.39 | 137.45 | 148.48 | 506.47 | 487.79 | |
| (d) Finance costs | 13.92 | 13.71 | 11.86 | 57.68 | 61.82 | |
| (e) Depreciation and amortisation expense | 79.78 | 78.00 | 73.60 | 310.26 | 297.90 | |
| (f) Other expenses | 242.88 | 251.11 | 239.39 | 933.61 | 961.83 | |
| Total expenses | 1,158.92 | 1,599.09 | 1,313.73 | 5,236.20 | 5,386.20 | |
| 5 | Profit / (loss) before exceptional items and tax (3 - 4) | 81.37 | 238.87 | 74.36 | 480.02 | 343.95 |
| 6 | Exceptional Items | |||||
| Statutory impact of new Labour Codes (Refer Note 5) | - | 4.53 | - | 4.53 | - | |
| 7 | Profit / (loss) before tax (5 - 6) | 81.37 | 234.34 | 74.36 | 475.49 | 343.95 |
| 8 | Tax expense | |||||
| (a) Current tax | 31.15 | 63.28 | 20.46 | 131.40 | 95.10 | |
| (b) Prior year tax adjustments | - | (0.11) | (0.00) | (0.08) | 3.62 | |
| (c) Deferred tax charge / (credit) | (9.86) | (3.68) | (8.04) | (8.85) | (10.85) | |
| Total tax expense | 21.29 | 59.49 | 12.42 | 122.47 | 87.87 | |
| 9 | Profit / (loss) after tax (7 - 8) | 60.08 | 174.85 | 61.94 | 353.02 | 256.08 |
| 10 | Other comprehensive income / (loss) | |||||
| (i) Items that will not be reclassified to profit or loss: | ||||||
| - Remeasurement of defined benefit plans | 0.74 | 0.52 | 2.79 | 0.64 | (0.61) | |
| - Income tax related to items that will not be reclassified to profit or loss | (0.19) | (0.13) | (0.71) | (0.16) | 0.15 | |
| (ii) Items that will be reclassified to profit or loss: | ||||||
| - Effective portion of gain / (loss) on hedging instruments in a cash flow hedge | (13.14) | 9.38 | 10.47 | (55.32) | (4.14) | |
| - Income tax related to items that will be reclassified to profit or loss | 3.30 | (2.36) | (2.64) | 13.92 | 1.04 | |
| Total other comprehensive income / (loss), net of income tax | (9.29) | 7.41 | 9.91 | (40.92) | (3.56) | |
| 11 | Total comprehensive income / (loss) for the period / year (9 + 10) | 50.79 | 182.26 | 71.85 | 312.10 | 252.52 |
| 12 | Paid-up equity share capital (Face value INR 10 each) | 25.66 | 25.66 | 25.66 | 25.66 | 25.66 |
| 13 | Other Equity | 3,394.42 | 3,087.46 | |||
| 14 | Earnings per share face value of INR 10 each (not annualised for the quarters): | |||||
| (a) Basic (INR) | 23.41 | 68.14 | 24.14 | 137.57 | 99.80 | |
| (b) Diluted (INR) | 23.41 | 68.14 | 24.14 | 137.57 | 99.80 | |
| See accompanying Notes to the Audited Financial Results |
tasty Bite
Tasty Bite Eatables Limited
Regd. & Corporate Office: 201/202, Mayfair Towers, Wakdewadi, Pune - 411005
Works : Bhandgaon, Taluka Dsund, Dist. Pune. Maharashtra
CIN: L15419PN1985PLC037347, Website : www.tastybite.co.in, E-mail ID: [email protected], Tel: +91 20 3021 6000
STATEMENT OF AUDITED ASSETS AND LIABILITIES AS AT 31 MARCH 2026
Amount INR in Million
| Sr. No. | Particulars | As at 31 March 2026 | As at 31 March 2025 |
|---|---|---|---|
| (Audited) | (Audited) | ||
| 1 | ASSETS | ||
| Non-current assets | |||
| Property, plant and equipment | 1,733.20 | 1,795.25 | |
| Capital work-in-progress | 110.37 | 214.46 | |
| Right-of-Use Asset | 320.47 | 359.76 | |
| Other intangible assets | 4.85 | 5.45 | |
| Intangible asset under development | 31.35 | - | |
| Financial assets | |||
| Other financial assets | 5.33 | 3.37 | |
| Deferred tax assets (net) | 74.70 | 52.09 | |
| Income tax assets (net) | 17.47 | 21.24 | |
| Other non-current assets | 28.09 | 7.55 | |
| Total non-current assets (i) | 2,325.83 | 2,459.17 | |
| 2 | Current assets | ||
| Inventories | 1,076.81 | 888.51 | |
| Financial assets | |||
| Trade receivables | 711.50 | 740.00 | |
| Cash and cash equivalents | 273.02 | 153.48 | |
| Bank balances other than cash and cash equivalents | 0.32 | 0.39 | |
| Other financial assets | 62.32 | 118.21 | |
| Other current assets | 301.36 | 190.51 | |
| Total current assets (ii) | 2,425.33 | 2,091.10 | |
| TOTAL ASSETS (i+ii) | 4,751.16 | 4,550.27 | |
| EQUITY AND LIABILITIES | |||
| Equity | |||
| Equity share capital | 25.66 | 25.66 | |
| Other equity | 3,394.42 | 3,087.46 | |
| Total equity (i) | 3,420.08 | 3,113.12 | |
| Liabilities | |||
| 1 | Non-current liabilities | ||
| Financial liabilities | |||
| Borrowings | - | 195.78 | |
| Lease liabilities | 335.23 | 384.41 | |
| Provisions | 52.59 | 75.67 | |
| Total non-current liabilities (ii) | 387.82 | 655.86 | |
| 2 | Current liabilities | ||
| Financial liabilities | |||
| Borrowings | - | 71.19 | |
| Lease liabilities | 83.86 | 73.34 | |
| Trade payables | |||
| -Total outstanding dues of micro enterprises and small enterprises | 51.82 | 45.88 | |
| -Total outstanding dues of creditors other than micro and small enterprises | 627.47 | 485.11 | |
| Derivative contract liabilities | 58.72 | 3.40 | |
| Other financial liabilities | 82.92 | 58.26 | |
| Other current liabilities | 25.30 | 30.49 | |
| Provisions | 13.17 | 13.62 | |
| Total current liabilities (iii) | 943.26 | 781.29 | |
| TOTAL EQUITY AND LIABILITIES (i+ii+iii) | 4,751.16 | 4,550.27 |
Tasty Bite Eatables Limited
Regd. & Corporate Office: 201/202, Mayfair Towers, Wakdewadi, Pune - 411005
Works : Bhandgaon, Taluka Daund, Dist. Pune. Maharashtra
CIN: L15419PN1985PLC037347, Website : www.tastybite.co.in, E-mail ID: [email protected], Tel: +91 20 3021 6000
STATEMENT OF AUDITED CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2026
Amount INR in Million
| Sr. No. | Particulars | Year Ended 31 March 2026 | Year Ended 31 March 2025 |
|---|---|---|---|
| (Audited) | (Audited) | ||
| A | Cash flow from operating activities: | ||
| Profit before tax | 475.49 | 343.95 | |
| Adjustments for | - | - | |
| Depreciation and amortisation expense | 310.26 | 297.90 | |
| Loss / (gain) on disposal / write off of property, plant and equipment | 0.97 | 0.73 | |
| Liabilities and provisions written back to the extent no longer required | (7.16) | (0.34) | |
| Bad debts written off | 0.37 | (0.00) | |
| (Reversals) / Provision for expected credit loss | (4.28) | 5.05 | |
| Advances written off | - | 0.52 | |
| Unrealised foreign exchange loss / (gain) on translation of assets and liabilities | (7.62) | (3.78) | |
| Finance costs | 57.68 | 61.82 | |
| Interest income | (20.55) | (5.17) | |
| Provision established / (reversed) for inventory obsolescence (net) | 29.60 | 23.99 | |
| Operating profit before working capital changes | 834.76 | 724.67 | |
| Working capital adjustments: | |||
| Increase / (Decrease) in trade payables | 151.37 | (8.81) | |
| Increase / (Decrease) in other current financial liabilities | 8.95 | 4.70 | |
| Increase / (Decrease) in other current liabilities | (5.19) | 14.44 | |
| Increase / (Decrease) in provisions | (22.89) | 7.29 | |
| (Increase) / Decrease in trade receivables | 44.12 | (162.32) | |
| (Increase) / Decrease in inventories | (217.90) | (9.93) | |
| (Increase) / Decrease in other financial assets | 53.93 | (88.19) | |
| (Increase) / Decrease in other non-current assets | (18.74) | (2.31) | |
| (Increase) / Decrease in other current assets | (110.85) | (0.73) | |
| Cash generated from operating activities | 717.56 | 478.81 | |
| Direct taxes paid (net of refunds, if any) | (127.56) | (86.71) | |
| Net cash from operating activities (A) | 590.00 | 392.10 | |
| Cash flow from investing activities: | |||
| Purchase of property, plant and equipment including intangible assets, capital work-in-progress, payable for capital goods and movement in capital advances | (83.96) | (133.69) | |
| Proceeds from sale of property, plant and equipment and capital work-in-progress | - | 0.02 | |
| Repayment of loans given to others | - | 4.74 | |
| Interest received | 20.55 | 5.17 | |
| Net cash (used in) investing activities (B) | (63.41) | (124.26) | |
| C | Cash flow from financing activities: | ||
| Principal Repayment of lease liabilities | (76.01) | (68.12) | |
| Proceeds from current borrowings | - | 209.14 | |
| Repayments of current borrowings | - | (209.14) | |
| Repayments of non-current borrowings | (266.97) | (64.29) | |
| Payment of dividend | (5.13) | (5.13) | |
| Interest Paid on Lease Liabilities | (36.91) | (41.57) | |
| Interest Paid | (22.03) | (20.65) | |
| Net cash (used in) financing activities (C) | (407.05) | (199.76) | |
| Net (decrease) / increase in cash and cash equivalents (A+B+C) | 119.54 | 68.08 | |
| Cash and cash equivalents at the beginning of the year / period | 153.48 | 85.40 | |
| Cash and cash equivalents at the end of the year / period | 273.02 | 153.48 | |
| Components of cash and cash equivalents | 31 March 2026 | 31 March 2025 | |
| Cash on hand | - | - | |
| Bank balances | - | - | |
| In current account | 15.02 | 33.48 | |
| In deposit account (original maturities less than three months) | 258.00 | 120.00 | |
| 273.02 | 153.48 |
Note:
The above Audited Cash Flow Statement has been prepared under the Indirect method set out in Indian Accounting Standard (Ind AS) 7 on Statement of Cash Flows.
Tasty Bite Eatables Limited
Regd. & Corporate Office: 201/202, Mayfair Towers, Wakdewadi, Pune - 411005
Works: Bhandgaon, Taluka Daund, Dist. Pune, Maharashtra
CIN: L15419PN1985PLC037347, Website: www.tastybite.co.in, E-mail ID: [email protected], Tel: +91 20 3021 6000
Notes to the Statement of Financial Results for the quarter and Audited results for the year ended 31 March 2026:
- The above audited financial results have been reviewed by the Audit Committee and thereafter approved and taken on record by the Board of Directors in their respective meetings held on 29 May 2026. These audited financial results of the Company are prepared in accordance with recognition and measurement principles laid down in Indian Accounting Standards ("referred to as Ind AS") prescribed under Section 133 of the Companies Act, 2013 read with Companies (Indian Accounting Standards) Rules, 2015 as amended from time to time and the provisions of the Companies Act, 2013.
The Statutory Auditors (Kalyaniwalla & Mistry LLP, Chartered Accountants) of the Company have audited these financial results of the Company for the year ended 31 March 2026. A modified opinion has been issued by them thereon.
-
The figures for the quarters ended March are balancing figures between the audited figures in respect of full financial year and the unaudited year-to-date figures for the nine months ended December of the respective financial year.
-
The Company recognizes its sale of Prepared Foods activity as its only primary business segment since its operations predominantly consist of manufacture and sale of "Prepared Foods" to its customers. The 'Chief Operating Decision Maker' monitors the operating results of the Company's business as a single segment. Accordingly in the context of 'Ind AS 108 - Operating Segments' the principle business of the Company constitute a single reportable segment.
-
The Company does not have any subsidiary, associate or joint venture as at 31 March 2026.
-
Pursuant to the notification issued by the Ministry of Labour and Employment, the Code on Wages, 2019, the Code on Social Security, 2020, the Industrial Relations Code, 2020 and the Occupational Safety, Health and Working Conditions Code, 2020 (collectively referred to as the "New Labour Codes") became effective from 21 November 2025. The Company has assessed and disclosed the incremental impact of these changes basis actuarial valuation and management estimates. Accordingly, the Company has recognized an incremental provision towards Gratuity amounting to INR 4.53 million in the Audited financial results for the quarter and year ended 31 March 2026, as an exceptional item. The Government of India has notified rules to the New Labour Codes on 08 May 2026, however, state rules are yet to be notified. The Company is in the process of assessing the impact if any, of Central rules notified and continues to monitor the finalization of the state rules and clarifications from the Government on other aspects of the New Labour Codes and would provide appropriate accounting effect on the basis of such developments as and when needed.
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Regulation 23(2) of the Securities and Exchange Board of India ('SEBI') (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'), require that all related party transactions and subsequent material modifications shall require prior approval of the audit committee. Regulation 23(4) of the Listing Regulations require that all material related party transactions and subsequent material modifications as defined by the audit committee under sub-regulation (2) shall require prior approval of the shareholders.
During the year ended 31 March 2026, the Company had entered into related party transactions with Mars Food UK Limited, a fellow subsidiary, aggregating to INR 648.88 million. Out of this, the Company did not obtain prior approval of the audit committee in respect of related party transactions aggregating to INR 48.92 million. These have been subsequently approved by the audit committee during the year.
Further, the Company did not obtain the prior approval of the shareholders for material related party transactions with the above-mentioned entity which exceeded the threshold specified in Schedule XII of the Listing Regulations by INR 94.47 million during the year ended 31 March 2026.
Subsequently, the Company initiated postal ballot circulated on 4 April 2026 for the post facto approval of the shareholders for the related party transactions with the above-mentioned entity for the financial year ended 31 March 2026 for an aggregate maximum value not exceeding INR 750 million, which was not passed with requisite majority. The Company plans to re-initiate the process to obtain approval of the shareholders for ratification of above related party transactions. Accordingly, the management continues to account for the aforesaid related party transactions. Pending final outcome of the above matters no adjustment has been made to the financial statements in this regard.
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For financial year 2026, the Board of Directors has recommended a final dividend of INR 10/- per share on face value of INR 10/- (100%). The same is subject to approval of shareholders in the ensuing Annual General Meeting (AGM).
-
For the said Results, visit Investors Section of our website at https://www.tastybite.co.in and the Stock Exchange website www.nseindia.com and www.bseindia.com
For Tasty Bite Eatables Limited
DILEN
BHARAT
GANDHI
Digitally signed
by DILEN BHARAT
GANDHI
Date: 2026.05.29
21:26:05 +05'30'
Dilen Gandhi
Managing Director
DIN: 10298654
Place: Pune
Date: 29 May 2026
ANNEXURE -B
Statement on Impact of Audit Qualifications (for audit report with modified opinion) submitted along-with Annual Audited Financial Results - (Standalone)
| Statement on Impact of Audit Qualifications for the Financial Year ended March 31, 2026 [See Regulation 33 / 52 of the SEBI (LODR) (Amendment) Regulations, 2016] | ||||
|---|---|---|---|---|
| I. | S. No. | Particulars | Audited Figures (as reported before adjusting for qualifications) | Adjusted Figures (audited figures after adjusting for qualifications) |
| 1. | Turnover / Total income | 5,716.22 | 5,716.22 | |
| 2. | Total Expenditure | 5,236.20 | 5,236.20 | |
| 3. | Net Profit/(Loss) | 353.02 | 353.02 | |
| 4. | Earnings Per Share | 137.57 | 137.57 | |
| 5. | Total Assets | 4,751.16 | 4,751.16 | |
| 6. | Total Liabilities | 1,331.08 | 1,331.08 | |
| 7. | Net Worth | 3,420.08 | 3,420.08 | |
| 8. | Any other financial item(s) (as felt appropriate by the management) | - | - | |
| II. | Audit Qualification (each audit qualification separately): | |||
| Details of Audit Qualification: The Company did not obtain prior approval of the Audit Committee in respect of related party transactions with a related party aggregating to INR 48.92 million, as required under Regulation 23 (2) of the Listing Regulations. Further, as disclosed in Note 6 to the accompanying annual financial results, the Company did not obtain prior approval of the shareholders as required under Regulation 23 (4) of the Listing Regulations, in respect of material related party transactions with the said related party, which exceeded the threshold specified in Schedule XII of the Listing Regulations, by INR 94.47 million. Subsequent thereto, the Company initiated postal ballot for the post facto approval of the shareholders for the related party transactions with the said related party, for which, the shareholders gave their dissent and did not pass it. Pending the final outcome of the Company's proposed actions as detailed in the said note, we are unable to comment on the possible consequential effects arising thereof. Refer note 6. | ||||
| b. Type of Audit Qualification : Qualified Opinion | ||||
| c. Frequency of qualification : First time | ||||
| d. For Audit Qualification(s) where the impact is quantified by the auditor, Management's Views: NA | ||||
| e. For Audit Qualification(s) where the impact is not quantified by the auditor: | ||||
| (i) Management's estimation on the impact of audit qualification: NA | ||||
| (ii) If management is unable to estimate the impact, reasons for the same: Not assessable at this point of time |
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| (iii) Auditors' Comments on (i) or (ii) above: The Company did not obtain prior approvals as mandated under of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as stated in basis for qualified opinion of our report. Subsequent thereto, the Company initiated postal ballot for the post facto approval of the shareholders for the related party transactions, for which, the shareholders gave their dissent and did not pass it. Pending the final outcome of the Company's proposed actions as detailed in the said note, we are unable to comment on the possible consequential effects arising thereof. | ||
|---|---|---|
| III. | Signatories: | |
| • CEO/Managing Director- Dilen Gandhi | DILEN BHARAT | |
| GANDHI | ||
| Digitally signed by | ||
| DILEN BHARAT GANDHI | ||
| Date: 2026.05.29 | ||
| 21:26:44 +00'39" | ||
| • CFO-Naresh Kumar Chitlangia | ||
| • Audit Committee Chairman-Rahul Bhatnagar | ||
| • Statutory Auditor-Anil Kulkarni | Rahul | |
| Bhatnagar | ||
| Digitally signed by Rahul | ||
| Bhatnagar | ||
| Date: 2026.05.24 | ||
| 21:28:17 +00'38" | ||
| Place: Pune | ||
| Date: 29 May 2026 |