General information about company
Scrip code*		526739
NSE Symbol*		NOTLISTED
MSEI Symbol*		NOTLISTED
ISIN*		INE869A01010
Name of company		NARMADA GELATINES LIMITED
Type of company		Main Board
Class of security		Equity
Date of start of financial year		01-04-2025
Date of end of financial year		31-03-2026
Date of board meeting when results were approved		25-05-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange		18-05-2026
Description of presentation currency		INR
Level of rounding		Lakhs
Reporting Type		Quarterly
Reporting Quarter		Fourth quarter
Nature of report standalone or consolidated		Standalone
Whether results are audited or unaudited for the quarter ended		Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended		Audited
Segment Reporting		Single segment
Description of single segment		Gelatine
Start date and time of board meeting		25-05-2026 12:30
End date and time of board meeting		25-05-2026 14:25
Whether cash flow statement is applicable on company		Yes
Type of cash flow statement		Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification		Declaration of unmodified opinion
Whether the company has any related party?		Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure?		Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public		NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of bank’s staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure.		NA
(III) Whether the company is a ‘high value debt listed entity’ according to regulation 15 (1A)?		No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company?		Yes
Latest Date on which RPT policy is updated		07-08-2024
Indicate Company website link for updated RPT policy of the Company		www.narmadagelatines.com
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter?		No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity?	No	NA

Financial Results – Ind-AS
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period		01-01-2026	01-04-2025
Date of end of reporting period		31-03-2026	31-03-2026
Whether results are audited or unaudited		Audited	Audited
Nature of report standalone or consolidated		Standalone	Standalone
Part I	Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1	Income
	Revenue from operations	6170	21541
	Other income	14	78
	Total income	6184	21619
2	Expenses
(a)	Cost of materials consumed	2925	11260
(b)	Purchases of stock-in-trade	0	0
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	388	164
(d)	Employee benefit expense	475	2008
(e)	Finance costs	29	102
(f)	Depreciation, depletion and amortisation expense	92	287
(g)	Other Expenses
1	Power & Fuel	551	2333
2	Other Expenses	455	1646
	Total other expenses	1006	3979
	Total expenses	4915	17800
3	Total profit before exceptional items and tax	1269	3819
4	Exceptional items	0	0
5	Total profit before tax	1269	3819
6	Tax expense
7	Current tax	222	871
8	Deferred tax	83	98
9	Total tax expenses	305	969
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0	0
11	Net Profit Loss for the period from continuing operations	964	2850
12	Profit (loss) from discontinued operations before tax	0	0
13	Tax expense of discontinued operations	6	6
14	Net profit (loss) from discontinued operation after tax	-6	-6
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	0	0
16	Total profit (loss) for period	958	2844
17	Other comprehensive income net of taxes	-52	-52
18	Total Comprehensive Income for the period	906	2792
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent
	Total profit or loss, attributable to non-controlling interests
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent
	Total comprehensive income for the period attributable to owners of parent non-controlling interests
21	Details of equity share capital
	Paid-up equity share capital	605	605
	Face value of equity share capital	10	10
22	Reserves excluding revaluation reserve		0
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	15.83	47.01
	Diluted earnings (loss) per share from continuing operations	15.83	47.01
ii	Earnings per equity share for discontinued operations
	Basic earnings (loss) per share from discontinued operations	0	0
	Diluted earnings (loss) per share from discontinued operations	0	0
iii	Earnings per equity share (for continuing and discontinued operations)
	Basic earnings (loss) per share from continuing and discontinued operations	15.83	47.01
	Diluted earnings (loss) per share from continuing and discontinued operations	15.83	47.01
24	Debt equity ratio			Textual Information( 1)
25	Debt service coverage ratio			Textual Information( 2)
26	Interest service coverage ratio			Textual Information( 3)
27	Disclosure of notes on financial results	Textual Information(4)

Text Block

Textual Information(4)

1.The above financial results were reviewed and recommended by the Audit Committee and approved by the Board of Directors at their respective meetings held on 25th May, 2026, and have been audited by the Statutory Auditors of the Company.
2. 2. The Board of Directors has recommended a dividend of 110%, Rs. 11.00 per equity share (face value Rs.10 per equity share), subject to the approval of the shareholders at the ensuing Annual General Meeting of the Company.
3. The Company is engaged in the manufacture and sale of Ossein and Gelatine. Since all these segments meet the aggregation criteria as per the requirements of Ind AS 108 on “Operating segments”, the management considers these as a single reportable segment. Accordingly, no further disclosure is required to be furnished.
4. 4. With effect from 21 November 2025, the Government of India has notified the substantive provisions of the new Labour Codes comprising the Code on Wages, 2019; the Industrial Relations Code, 2020; the Code on Social Security, 2020; and the Occupational Safety, Health and Working Conditions Code, 2020. Pursuant thereto, the Company has evaluated the impact on employee benefit obligations based on the revised wage structure and accounted for the resultant impact in the financial results in accordance with Ind AS 19 – Employee Benefits. The Company continues to monitor the finalisation of the related Central and State Rules and will assess and account for the impact, if any, arising from such developments as and when they become applicable.
5.The Consolidated results include proportionate share of profit of India Gelatine and Chemicals Limited (IGCL), which is an associate of the Company with effect from 5th December, 2024.
6. *The figures of last quarters are the balancing figures between audited figures in respect of the full financial years and the published year to date figures up to the third quarters of the respective financial years.

Statement of Asset and Liabilities
Particulars		Year ended (dd-mm-yyyy)
Date of start of reporting period		01-04-2025
Date of end of reporting period		31-03-2026
Whether results are audited or unaudited		Audited
Nature of report standalone or consolidated		Standalone
	Assets
1	Non-current assets
	Property, plant and equipment	4107
	Capital work-in-progress	529
	Investment property	0
	Goodwill	0
	Other intangible assets	0
	Intangible assets under development	25
	Biological assets other than bearer plants	0
	Investments accounted for using equity method	0
	Non-current financial assets
	Non-current investments	4115
	Trade receivables, non-current	0
	Loans, non-current	21
	Other non-current financial assets
1	Other Financial Assets	163
2
3
4
5
	Details of other non-current financial assets
	Total of other non-current financial assets	163
	Total non-current financial assets	4299
	Deferred tax assets (net)	19
	Other non-current assets
1	Other non-current assets	14
2
3
4
5
	Details of other non-current assets
	Total of other non-current assets	14
	Total non-current assets	8993
2	Current assets
	Inventories	4879
	Current financial asset
	Current investments	0
	Trade receivables, current	2903
	Cash and cash equivalents	11
	Bank balance other than cash and cash equivalents	397
	Loans, current	46
	Other current financial assets
1	Other Financial Assets	50
2
3
4
5
	Details of other current financial assets
	Total of Other current financial assets	50
	Total current financial assets	3407
	Current tax assets (net)	0
	Other current assets
1	Other current assets	218
2
3
4
5
	Details of other current assets
	Total of other current assets	218
	Total current assets	8504
3	Non-current assets classified as held for sale
4	Regulatory deferral account debit balances and related deferred tax Assets
	Total assets	17497
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	605
	Other equity	13526
	Total equity attributable to owners of parent	14131
	Non controlling interest
	Total equity	14131
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	408
	Trade Payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
	Total Trade payable
	Other non-current financial liabilities
1
2
3
4
5
	Details of other non-current financial liabilities
	Total of other non-current financial liabilities
	Total non-current financial liabilities	408
	Provisions, non-current	83
	Deferred tax liabilities (net)	508
	Deferred government grants, Non-current
	Other non-current liabilities
1
2
3
4
5
	Details of other non-current liabilities
	Total of other non-current liabilities
	Total non-current liabilities	999
	Current liabilities
	Current financial liabilities
	Borrowings, current	381
	Trade Payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	477
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	758
	Total Trade payable	1235
	Other current financial liabilities
1	Other current financial liabilities	345
2
3
4
5
	Details of other current financial liabilities
	Total of other current financial liabilities	345
	Total current financial liabilities	1961
	Other current liabilities
1	Other current liabilities	218
2
3
4
5
	Details of other current liabilities
	Total of other current liabilities	218
	Provisions, current	127
	Current tax liabilities (Net)	61
	Deferred government grants, Current
	Total current liabilities	2367
3	Liabilities directly associated with assets in disposal group classified as held for sale
4	Regulatory deferral account credit balances and related deferred tax liability
	Total liabilities	3366
	Total equity and liabilities	17497
	Disclosure of notes on assets and liabilities

Other Comprehensive Income
Date of start of reporting period		01-01-2026	01-04-2025
Date of end of reporting period		31-03-2026	31-03-2026
Whether results are audited or unaudited		Audited	Audited
Nature of report standalone or consolidated		Standalone	Standalone
	Other comprehensive income [Abstract]
1	Amount of items that will not be reclassified to profit and loss
	Total Amount of items that will not be reclassified to profit and loss
2	Income tax relating to items that will not be reclassified to profit or loss	52.00	52.00
3	Amount of items that will be reclassified to profit and loss
	Total Amount of items that will be reclassified to profit and loss
4	Income tax relating to items that will be reclassified to profit or loss
5	Total Other comprehensive income	-52.00	-52.00

Cash flow statement, indirect
Particulars		Year ended (dd-mm-yyyy)
Date of start of reporting period		01-04-2025
Date of end of reporting period		31-03-2026
Whether results are audited or unaudited		Audited
Nature of report standalone or consolidated		Standalone
Part I	Blue color marked fields are non-mandatory.
1	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax	3819
2	Adjustments for reconcile profit (loss)
	Adjustments for finance costs	102
	Adjustments for decrease (increase) in inventories	-222
	Adjustments for decrease (increase) in trade receivables, current	-419
	Adjustments for decrease (increase) in trade receivables, non-current	0
	Adjustments for decrease (increase) in other current assets	79
	Adjustments for decrease (increase) in other non-current assets	-3
	Adjustments for other financial assets, non-current	0
	Adjustments for other financial assets, current	17
	Adjustments for other bank balances	0
	Adjustments for increase (decrease) in trade payables, current	-483
	Adjustments for increase (decrease) in trade payables, non-current	0
	Adjustments for increase (decrease) in other current liabilities	148
	Adjustments for increase (decrease) in other non-current liabilities	0
	Adjustments for depreciation and amortisation expense	287
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss	0
	Adjustments for provisions, current	80
	Adjustments for provisions, non-current	0
	Adjustments for other financial liabilities, current	0
	Adjustments for other financial liabilities, non-current	0
	Adjustments for unrealised foreign exchange losses gains	0
	Adjustments for dividend income	50
	Adjustments for interest income	20
	Adjustments for share-based payments	0
	Adjustments for fair value losses (gains)	0
	Adjustments for undistributed profits of associates	0
	Other adjustments for which cash effects are investing or financing cash flow	-7
	Other adjustments to reconcile profit (loss)	0
	Other adjustments for non-cash items	-52
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships	0
	Total adjustments for reconcile profit (loss)	-543
	Net cash flows from (used in) operations	3276
	Dividends received	0
	Interest paid	0
	Interest received	0
	Income taxes paid (refund)	821
	Other inflows (outflows) of cash	0
	Net cash flows from (used in) operating activities	2455
3	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses	0
	Cash flows used in obtaining control of subsidiaries or other businesses	0
	Other cash receipts from sales of equity or debt instruments of other entities	0
	Other cash payments to acquire equity or debt instruments of other entities	0
	Other cash receipts from sales of interests in joint ventures	0
	Other cash payments to acquire interests in joint ventures	0
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships	0
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships	0
	Proceeds from sales of property, plant and equipment	0
	Purchase of property, plant and equipment	971
	Proceeds from sales of investment property	0
	Purchase of investment property	0
	Proceeds from sales of intangible assets	0
	Purchase of intangible assets	0
	Proceeds from sales of intangible assets under development	0
	Purchase of intangible assets under development	0
	Proceeds from sales of goodwill	0
	Purchase of goodwill	0
	Proceeds from biological assets other than bearer plants	0
	Purchase of biological assets other than bearer plants	0
	Proceeds from government grants	0
	Proceeds from sales of other long-term assets	0
	Purchase of other long-term assets	0
	Cash advances and loans made to other parties	0
	Cash receipts from repayment of advances and loans made to other parties	0
	Cash payments for future contracts, forward contracts, option contracts and swap contracts	0
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts	0
	Dividends received	50
	Interest received	20
	Income taxes paid (refund)	0
	Other inflows (outflows) of cash	-371
	Net cash flows from (used in) investing activities	-1272
4	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries	0
	Payments from changes in ownership interests in subsidiaries	0
	Proceeds from issuing shares	0
	Proceeds from issuing other equity instruments	0
	Payments to acquire or redeem entity's shares	0
	Payments of other equity instruments	0
	Proceeds from exercise of stock options	0
	Proceeds from issuing debentures notes bonds etc	0
	Proceeds from borrowings	0
	Repayments of borrowings	483
	Payments of lease liabilities	0
	Dividends paid	605
	Interest paid	102
	Income taxes paid (refund)	0
	Other inflows (outflows) of cash	-1
	Net cash flows from (used in) financing activities	-1191
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes	-8
5	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents	0
	Net increase (decrease) in cash and cash equivalents	-8
	Cash and cash equivalents cash flow statement at beginning of period	19
	Cash and cash equivalents cash flow statement at end of period	11

Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)

Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.

Sr. No.

Details of the party (listed entity /subsidiary) entering into the transaction

Details of the counterparty

Type of related party transaction

Details of other related party transaction

Value of the related party transaction as approved by the audit committee

Remarks on approval by audit committee

Value of the related party transaction ratified by the audit committee

Date of Audit Committee Meeting where the ratification was approved

Value of transaction during the reporting period

In case monies are due to either party as a result of the transaction

In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments

Details of the loans, inter-corporate deposits, advances or investments

Name

PAN

Name

PAN

Relationship of the counterparty with the listed entity or its subsidiary

Opening balance

Closing balance

Nature of indebtedness (loan/ issuance of debt/ any other etc.)

Details of other indebtedness

Cost

Tenure

Nature (loan/ advance/ intercorporate deposit/ investment)

Interest Rate (%)

Tenure

Secured/ unsecured

Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)

Notes

NARMADA GELATINES LIMITED

AAECS1583P

PIONEER JELLICE INDIA PRIVATE LIMITED

AAACP8978M

ASSOCIATE COMPANY

Purchase of goods or services

1050.93

Unanimously approved

1050.93

NARMADA GELATINES LIMITED

AAECS1583P

PIONEER JELLICE INDIA PRIVATE LIMITED

AAACP8978M

ASSOCIATE COMPANY

Any other transaction

Service Charges

Unanimously approved

NARMADA GELATINES LIMITED

AAECS1583P

PIONEER JELLICE INDIA PRIVATE LIMITED

AAACP8978M

ASSOCIATE COMPANY

Any other transaction

Lease Rent

Unanimously approved

NARMADA GELATINES LIMITED

AAECS1583P

MR. S. ANNAMALAI

ACIPA1202G

Non-Executive Director

Any other transaction

Sitting Fees

0.75

NARMADA GELATINES LIMITED

AAECS1583P

MR. S. MAHESWARAN

ADVPM8958P

Non-Executive Director

Any other transaction

Sitting Fees

0.5

NARMADA GELATINES LIMITED

AAECS1583P

MR. B. VIJAYADURAI

ABPPV7995P

Non-Executive Director

Any other transaction

Sitting Fees

1.45

NARMADA GELATINES LIMITED

AAECS1583P

MRS. MANIMEGALAI THANGAMANI

ADCPT2841H

Non-Executive Director

Any other transaction

Sitting Fees

1.35

NARMADA GELATINES LIMITED

AAECS1583P

MR. K. KRISHNAMOORTHY

AFQPK9838P

Non-Executive Director

Any other transaction

Sitting Fees

1.45

NARMADA GELATINES LIMITED

AAECS1583P

MR. ASHOK K KAPUR

AEUPK4930P

Managing Director

Remuneration

29.74

NARMADA GELATINES LIMITED

AAECS1583P

MS. MAHIMA PATKAR

GKTPP3712H

Company Secretary

Remuneration

2.69

NARMADA GELATINES LIMITED

AAECS1583P

MR. ARUN JAISWAL

AVNPJ1043N

Chief Financial Officer

Remuneration

Total value of transaction during the reporting period

1116.86

Details of Impact of Audit Qualification
Whether results are audited or unaudited		Audited
Declaration of unmodified opinion or statement on impact of audit qualification		Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results		Yes
	Audit firm's name	Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI	Certificate valid upto
1	Lodha & Co. LLP	Yes	31-03-2027

General information about company

Financial Results – Ind-AS

Text Block

Statement of Asset and Liabilities

Other Comprehensive Income

Cash flow statement, indirect

Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)

Details of Impact of Audit Qualification