For the first half of FY26, the company’s consolidated net profit jumped 70.5% to Rs 322.69 crore , while revenue from operations increased 25.3% to Rs 3,095.43 crore compared with H1 FY24.
Meanwhile, the company’s board noted that no irregularities impacting the financial statements were found in relation to the observations raised by independent director, Anil Kumar Chaudhary, certain areas where the company can enhance its processes have been identified in the report, which the company is committed to doing.
Chaudhary, who resigned on September 8, had pointed to issues such as inconsistencies in recording board minutes, withholding of key information, unjust write-offs of export receivables, questionable use of CSR funds, arbitrary distribution of variable pay, and undue interference by invitees in board proceedings. He said the prevailing board dynamics were inconsistent with principles of independent oversight and effective governance.
KRBL primarily focuses on the manufacturing and marketing of rice products. The company offers a wide range of basmati and specialty rice varieties and owns the popular India Gate rice brand.
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