Source Natural Foods FY26 Financials and AGM Agenda

Net profit grew to Rs 339.94 lakh in FY26 from Rs 290.40 lakh, with revenue rising to Rs 7,043.25 lakh.

Reader Takeaway: Profit growth remains steady while the company shifts to new auditors and expands related party transactions.

What just happened

Source Natural Foods and Herbal Supplements Ltd has released its notice for the 31st Annual General Meeting, set for September 30, 2026. Shareholders will vote on financial statements, director re-appointments, and operational changes via video conferencing.

Why this matters

The company is transitioning its statutory auditors from M/s. Srinagar & Giridharan to M/s. K. B. Nambiar & Associates for a five-year term. Additionally, the company is seeking shareholder approval for material related party transactions with its holding company, Sriveda Sattva Private Limited, with a planned aggregate limit of Rs 81.05 crore for the upcoming year.

The backstory

FY26 saw total revenue increase to Rs 7,043.25 lakh against Rs 4,500.14 lakh in FY25. Despite the improvement in top-line and bottom-line performance, the Board has opted not to declare a dividend, citing a need to conserve capital for future business requirements.

Risks to watch

Investors should monitor the significant concentration of business with the holding company, Sriveda Sattva Private Limited, as related party transactions represent a substantial portion of the company's operational activities. The absence of dividend payouts may concern yield-focused investors.

Context metrics

• EPS: Rs 5.28 in FY26 vs Rs 4.51 in FY25.
• AGM Cut-off Date: September 23, 2026.
• Holding Company Transaction Limit: Rs 81.05 crore for Oct 2026–Sept 2027.