PICCADIL

- Business Responsibility and Sustainability Report for FY 2025-26. - Key products: Sugar (20.53% turnover), Country Liquor (35.16%), IMFL (44.31%). - Reports 68% sustainable sourcing and practices re-usable packaging for waste management. - No fines, penalties, or disciplinary actions for corruption reported for FY 2025-26.

- Book closure from September 19, 2026, to September 25, 2026 (inclusive) for the 32nd Annual General Meeting and dividend entitlement. - Record date for dividend is September 18, 2026. - AGM scheduled for September 25, 2026, at 04:30 PM.

- The Board recommended a final dividend of 10% (Rs. 1 per equity share) for FY 2025-2026, subject to shareholder approval at the ensuing AGM. - The 32nd Annual General Meeting (AGM) will be held on Friday, September 25, 2026. - The Register of Members will be closed from September 19, 2026 to September 25, 2026 for the purpose of the AGM and dividend.

- Piccadily Agro Industries Limited received "No Adverse Observation Letters" from BSE and NSE on August 14, 2026, for its proposed Scheme of Arrangement (demerger) with Piccadily Food & Essentials Limited. - This enables the company to file the scheme with NCLT, subject to compliance with regulatory observations and conditions.

- Piccadily Agro Industries Limited received 'No Adverse Observation Letters' from BSE and NSE on August 14, 2026, for its proposed demerger scheme with Piccadily Food & Essentials Limited. This allows the company to file the scheme with the NCLT for final approval, subject to other conditions.

- Q1 FY27 saw highest ever Q1 volumes and revenue, with branded alco-bev growing 47.3% and contributing 43.5% of distillery revenue. - EBITDA margin improved to 18.5% (Q1 FY27) from 18.2% YoY, reflecting improved portfolio mix and despite investments in distribution and branding. - FY27 guidance includes 60-70% growth for branded alco-bev business, ~60% YoY company-level revenue growth, and 23-24% company-level EBITDA margin. - Indri single malt is expected to grow 18-20% YoY, while Camikara and Cashmir are anticipated to achieve triple-digit growth. - Chhattisgarh plant, operational since June, is expected to contribute ₹300-400 crores in FY27 revenue, utilizing 50% capacity by year-end. - Debt reduced by ~₹10 crores in Q1, with plans for no increase this year and significant reduction from next year. - Target of 1,15,000-1,20,000 barrels of malt by March 2027 (exceeding prior guidance), ensuring sufficient aging capacity for future growth. - Long-term goal for Indri aims for a 70% export and 30% domestic mix, with North America as a key export market.

- Q1 FY2026-27 Standalone Revenue ₹270.5Cr vs ₹229.0Cr (▲18.1% YoY) - EBITDA ₹47.2Cr vs ₹39.0Cr (▲21.0% YoY) - PAT ₹21.8Cr vs ₹18.9Cr (▲15.4% YoY) - EBITDA Margin 18.5% vs 18.2% (▲30bps)

- Q1 FY27 Consolidated Revenue ₹270.50 Cr vs ₹229.00 Cr (▲18.12% YoY) - EBITDA ₹46.77 Cr vs ₹38.61 Cr (▲21.15% YoY) - PAT ₹21.30 Cr vs ₹18.47 Cr (▲15.35% YoY) - EBITDA Margin 17.29% vs 16.86% (▲43bps)

- Q1 FY27 Consolidated Revenue ₹273.58 Cr vs ₹229.67 Cr (▲19.09% YoY) - EBITDA ₹43.69 Cr vs ₹37.93 Cr (▲15.17% YoY) - PAT ₹21.30 Cr vs ₹18.47 Cr (▲15.35% YoY) - EBITDA Margin 16.15% vs 16.56% (▼41bps) - Board recommended the appointment of M/s Rattan Kaur & Associates as Statutory Auditors for 5 years.

- Q1 FY27 Consolidated Revenue ₹270Cr vs ₹229Cr (▲18.1% YoY) - EBITDA ₹47Cr vs ₹39Cr (▲21% YoY) - PAT ₹22Cr vs ₹19Cr (▲15.4% YoY) - EBITDA Margin 17.4% vs 17.0% (▲40bps)

- Q1 FY27 Consolidated Revenue ₹270.50 Cr vs ₹229.00 Cr (▲18.12% YoY) - EBITDA ₹43.69 Cr vs ₹37.93 Cr (▲15.17% YoY) - PAT ₹21.30 Cr vs ₹18.47 Cr (▲15.35% YoY) - EBITDA Margin 16.15% vs 16.56% (▼41bps) - Board recommended the appointment of M/s Rattan Kaur & Associates as Statutory Auditors for a period of 5 years.

- Concall Schedule - Concall Date: August 12, 2026 - Concall Time: 2:30 P.M.

- Indri Single Malt, by Piccadily Agro Industries, achieved a historic triumph at the International Whisky Competition (IWC) 2026. - It secured the top three positions in both 'Best Indian Whisky' and 'Best Single Malt Indian Whisky' categories. - Indri Diwali Collector's Edition 2025 won 1st place with 93.53 points. - Indri was the only Indian whisky brand to score above 90 points at the competition, reinforcing India's rise as a global luxury whisky powerhouse.

- Piccadily Agro Industries Ltd.'s Indri Single Malt will now feature the Indian Malt Whisky Association (IMWA) Certification Hologram on its bottles. - This initiative, effective 24th June 2026, aims to reinforce authenticity, transparency, and consumer trust for its Indian Single Malt. - The hologram signifies adherence to stringent IMWA production standards, enhancing global credibility and safeguarding the integrity of the premium spirit category.

- Piccadily Agro Industries Limited announced the closure of its trading window. - The trading window will close from July 1, 2026, until 48 hours after the declaration of unaudited financial results for the quarter ended June 30, 2026.

- Voting results for the postal ballot regarding the appointment of Statutory Auditors to fill a casual vacancy and fix their remuneration have been disclosed. - The resolution was passed by members with requisite majority, with 99.86% of total valid votes cast in favour. - The remote e-voting process concluded on June 18, 2026.

- Piccadily Agro Industries Ltd. announced the launch of Indri Ilika, an exclusive travel retail expression of Indri Single Malt Indian Whisky, on June 4, 2026. - Indri Ilika is matured in a combination of Ex-Spanish Sherry and Ex-American Bourbon oak casks. - It is designed for discerning global travelers and will retail at approximately USD 80, exclusively through select global travel retail channels.

Piccadily Agro Industries Ltd. announced that Infomerics Valuation and Rating Private Limited upgraded its credit ratings for bank facilities aggregating Rs. 402.73 crore (enhanced from Rs. 347.96 crore). The long-term rating was revised from IVR A-/Stable to IVR A/Stable, and the short-term rating was upgraded from IVR A2+ to IVR A1/Stable.

Piccadily Agro Industries Limited announced its participation in Centrum Broking's Nakshatra III – Shining Stars Amid Global Turbulence, a virtual conference, where it will interact with analysts and institutional investors. The meeting is scheduled to be held between May 20 and May 22, 2026. The company noted that the schedule is subject to changes due to exigencies.

Piccadily Agro Industries Limited has issued a Postal Ballot Notice to seek shareholder approval for the appointment of M/s Rattan Kaur & Associates as Statutory Auditors. This appointment is to fill the casual vacancy created by the resignation of the previous auditors, M/s. Jain & Associates. The e-voting period is from May 20, 2026, to June 18, 2026, with May 15, 2026, as the cut-off date for eligible members.

Piccadily Distillery won top honours at the London Spirits Competition and Asian Spirits Masters 2026. Indri Agneya was crowned 'Indian Single Malt Whisky of the Year' (95 points), and Cashmir Vodka received Double Gold (96 points) at the London Spirits Competition. Indri Trini, Indri Dru, and Camikara Rum 8-Year-Old secured Master Awards, while Camikara Rum 3-Year-Old won a Gold Medal at the Asian Spirits Masters. Management highlighted these awards reinforce India's growing presence in the global premium spirits market, setting new benchmarks.

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Management guided for FY27 value growth of 60-70% for its overall Alco-Bev business, primarily driven by IMFL. Long-term, the company aims for 3x-4x revenue growth in IMFL over the next 3-4 years. EBITDA is also projected to grow 60-70% in FY27, with margins expected to be similar or 50 bps higher. Current Alco-Bev EBITDA margins are ~31.5%, with IMFL premium products at 45-50%. Key growth drivers include recently commissioned distillery expansions (Indri and Chhattisgarh total capacity 450 KLPD, expected to add INR 550-700 crores revenue in FY27), a robust new product pipeline in the premium and luxury segments, and strong demand for flagship brands like Indri. FY27 Capex is guided at INR 25-30 crores, mainly for increasing barrel capacity to 100,000. The company plans to reduce short-term borrowings in FY27 by monetizing malt inventory and increased sales. Piccadily Agro is demerging its sugar business to focus on becoming a global Alco-Bev company, aiming for 50% export business and a top 5 global single malt brand position in 3-5 years. A change in statutory auditor was noted, explained as a realignment with the signing partner remaining same.

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Total Revenue ₹1,143Cr vs ₹893Cr (▲28% YoY), EBITDA ₹243.24Cr vs ₹182.52Cr (estimated ▲33.3% YoY), PAT ₹140Cr vs ₹105Cr (estimated ▲33.3% YoY). EBITDA Margin 21.3% vs 20.4% (▲84bps). The company also announced a strategic demerger of its sugar division to focus on the alco-bev business.

Piccadily Agro Industries Board met on April 28, 2026, approved Q4 & FY26 results and a scheme for demerger of its Sugar Business into Piccadily Food & Essential Limited. Statutory Auditors Jain & Associates resigned citing inability to continue, with Rattan Kaur & Associates appointed as their replacement.

The Board approved audited standalone financial results for Q4 & FY26 and a scheme to demerge the Sugar Business into Piccadily Food & Essential Limited. Statutory Auditors Jain & Associates resigned, and Rattan Kaur & Associates were recommended for appointment.

Piccadily Agro Industries Ltd. will host a conference call on April 29, 2026, at 01:00 PM (IST) to discuss the financial results for the quarter and financial year ended March 31, 2026. Registration details for the live webcast will be available on the company's website.