Sharat Industries News

Sharat Industries Reports 49% Revenue Growth in Q2FY26 Despite Margin Pressures

Sharat Industries Limited posted strong quarterly results with revenue rising 49% year-on-year to ₹149.73 crore and PAT growing 54%, driven by geographic diversification into Russia and China markets. The shrimp processing company faced margin headwinds from raw material price volatility, shipment delays, and higher US tariffs, though exports to new markets helped offset these challenges.

Sharat Industries Shareholders Approve Director Re-appointments and Capital Increase at 35th AGM

Sharat Industries Limited shareholders approved multiple resolutions at their 35th Annual General Meeting held on September 27, 2025. Key approvals include the re-appointment of three directors: Harihar Venkata Muthyam as Independent Director for a second five-year term effective September 28, 2025, Prasad Reddy Sabbella as Managing Director from April 1, 2026 to March 31, 2031, and Sharat Reddy Sabbella as Whole-Time Director for the same period. The company increased its authorized share capital from ₹50 crores to ₹60 crores, expanding from 5 crore shares to 6 crore shares of ₹10 each. Shareholders also approved the appointment of M/s. BP & Associates as Secretarial Auditor for five years and authorized material related party transactions with Katyayini Aqatech Private Limited and M/s. S P Enterprises.

Sharat Industries Submits Investor Presentation Outlining Growth Strategy and Financial Performance

Sharat Industries Limited, India's oldest integrated aquaculture company established in 1990, submitted an investor presentation to BSE. The company operates across the entire shrimp value chain through four divisions: hatchery (400 million seedlings capacity), farming (500 acres, 2,000 tons capacity), feed mill (20,000+ tonnes capacity), and processing plant (7,500+ tons capacity). Financial performance showed revenue growth from ₹247.03 crores in FY22 to ₹382.29 crores in FY25, with EBITDA increasing from ₹14.51 crores to ₹30.32 crores over the same period. The company targets increasing processing plant capacity utilization to 5,400 TPA by 2025, achieving ₹100 crores revenue from domestic market by FY28, and export revenue growth to ₹1,000 crores by FY28. Key expansion plans include launching merchant export operations from a new facility in July 2025, entering the domestic frozen seafood market, and re-establishing presence in EU markets while expanding to China.