Maharashtra Oil Extractions Limited

This section provides an overview of the economic outlook, including global and Indian economic projections, inflation trends, and sectoral performance metrics. The global economy is expected to sustain growth around 3% in the near term, though geopolitical tensions pose downside risks. India's economy shows resilience, with GDP growth expected to be strong, and various sectoral growth rates are detailed. Furthermore, the section covers trends in consumer price inflation, the RBI's monetary policy stance, and trends in per capita state domestic product (SDP) and household savings.

This section discusses various macroeconomic trends in India, including savings growth, the dynamics of the middle class and rural economy, demographic shifts, and trade relationship uncertainties. It highlights the impact of various factors such as monsoon conditions, geopolitical tensions, and government policies on consumption and production. Furthermore, it touches upon the diversification of trade partnerships and efforts to enhance domestic supply chains for edible oils.

The Indian edible oil market is experiencing significant growth, projected to expand from ₹4,43,200.00 Crore in FY26 to ₹5,40,000.00 Crore by FY29, driven by factors like rising consumption and urbanization. India is a major producer of oilseeds but faces a substantial import dependence, with imports accounting for nearly 57% of edible oil consumption. Government initiatives like the National Mission on Edible Oils – Oil Palm (NMEO-OP) and NMEO-Oilseeds are in place to boost domestic production and enhance self-sufficiency. Consumption patterns vary by region, and the market is segmented into domestic, industrial, and food service applications.

The analysis of edible oil consumption shows that global per-capita consumption has increased, with India's consumption remaining slightly below the worldwide average, though the gap has narrowed over time. India relies heavily on imports, particularly palm oil from Indonesia and Malaysia, and soybean oil from Brazil and Argentina to meet domestic needs. Consumption has increased across both rural and urban markets, with rural consumption showing a faster growth rate, suggesting increasing penetration of edible oils in rural areas. There is a structural mismatch between domestic production and consumption, which is driven by economic factors and import reliance.

The edible oil sector in India is a major global industry, characterized by heavy reliance on imports, which the government is attempting to mitigate through various regulations. India is currently the largest importer of edible oils worldwide. The industry faces risks from global supply fluctuations, geopolitical tensions, and weather-related issues. Despite these challenges, growth is anticipated due to increasing consumption, urbanization, and supportive government initiatives aimed at boosting local production and ensuring self-reliance.

The soybean industry involves a complex ecosystem spanning from logistics to end-consumers, with various segments including processing, manufacturing, distribution, and retail. The market analysis shows that soybean processing demand has expanded significantly, with animal feed remaining the dominant application, followed by the food & beverages segment. Key growth drivers include increasing demand for plant-based proteins, the expansion of the animal feed market, and the growing use of soybean oil in biofuels. However, the industry faces challenges such as commodity price volatility, supply chain disruptions, and environmental/regulatory pressures related to soybean production.

The Indian soybean industry is vital for rural development, as soybeans are a rich source of protein important for human nutrition and animal feed. The industry is a key segment of the agricultural and food processing sector, with the market showing steady expansion. India is a major producer of Non-GMO soybeans, with cultivation concentrated in several states. The market size is projected to grow significantly over the next few years, driven by rising demand for soybean oil and meal across various downstream applications.

The Indian textured vegetable protein (TVP) market is experiencing strong expansion, projected to grow significantly through FY29, driven by increasing adoption of plant-based proteins and growing health awareness. The market is segmented by product type, with soy-based TVP dominating, followed by wheat-based and the fastest-growing pea-based segments. The market is also categorized by nature, where the conventional segment remains dominant, though the organic segment is showing faster growth. Key applications include the Food & Beverage sector, which is the largest segment, alongside Animal Feed and a faster-growing Nutritional Supplements segment. The Indian soybean processing industry is poised for substantial growth, supported by government support, export opportunities, technological advancements, and infrastructure development, aiming to address the country's protein deficiency.

The text discusses several aspects related to the soybean processing industry, including risks such as reliance on erratic monsoons, water scarcity, fluctuating global prices, and competition from GMO soybeans. It details challenges related to high input costs, quality control inconsistencies, climate dependence, price volatility, and environmental concerns. Furthermore, the text covers the market dynamics of soybean oil prices, the role of soybean in the lecithin market, and the landscape of the Indian cotton seed processing industry.

The analysis covers the market for cottonseed processing in India, detailing its segmentation by application type and geographical region. The food and beverages segment is projected to see significant growth, while the personal care segment is smaller but also expanding. The market is geographically concentrated, with West India being the dominant region, supported by established infrastructure. Key trends highlight that cotton cultivation in India drives market growth, and risks include dependence on monsoon rains and limited access to credit for processors.

This section details the market dynamics for sunflower oil applications and the soya flour industry in India. The sunflower oil market shows significant growth across various applications, with Household Cooking being the largest segment, followed by the HoReCa and Food Processing industries. The soya flour market also exhibits strong growth, driven by increasing demand for plant-based protein ingredients. The market is segmented by different product types and applications, with Textured Protein Feedstock being the largest application segment. The market for Soya Granules and Chunks is also projected for strong growth, reflecting the structural expansion of the plant-based protein segment in India.

The issuer, Maharashtra Oil Extraction Ltd. (MOEL), is engaged in the processing of soybeans and the production of soybean-based products. The company operates three manufacturing plants in Maharashtra, which is a major soybean-producing state, providing direct access to raw materials. MOEL's product portfolio covers the entire soybean value chain, including various oils, lecithin, meal, and value-added products. The company has a significant export presence and maintains high capacity utilization in its refined edible oil operations. The manufacturing facilities are strategically located near soybean production belts, ensuring reliable supply and efficient logistics.

The company is involved in the processing, manufacturing, marketing, and sale of various products within the soya bean products value chain, including crude and edible refined oil, plant-based protein supplements for feed and food-grade soya meal, value-added products like soya flour and Textured Soya Protein (TSP), and byproducts such as lecithin and other specialty chemicals. The company produces and markets food-grade soya meal products such as non-GMO defatted toasted and untoasted soya flakes and grits for manufacturers of soya sauce, TSP, and other food products, both domestically and internationally. Additionally, the company is engaged in the refining and sale of cottonseed oil and the manufacturing of sunflower oil by purchasing refined oil, adding an additive, and packing it into different SKUs. They primarily distribute, sell, and market their edible soya bean oil and cottonseed oil in the domestic market under the brand "Murli". The company also produces and markets feed-grade soya meal containing protein ranging from 46% to 50% and full-fat meal with approximately 38% protein under the brand "MOEL" for the aqua and feed industries, for both domestic and international markets. Furthermore, the derived products from the soya bean processing cycle are utilized by its subsidiary for the production and marketing of value-added products.

The company's product sales breakdown shows various segments, including refined vegetable oil, soya crude oil, soya bean protein-based products for food applications, and animal feed applications, with the latter being a significant portion of sales. The company operates four manufacturing facilities, three of which are directly owned and operated, and one by its subsidiary, BNPL. These facilities are located in Maharashtra, Nandurbar, and Gangakhed, with combined installed capacity for soya bean crushing and edible oil refining mentioned. The facilities utilize plant and machinery from Germany, USA, and India, and include storage silos and tanks for various oils. The company has a track record of consistent profitability, as evidenced by various financial metrics, and possesses a competitive strength in building capabilities across the entire soya bean processing value chain.

The company has invested in upgrading and modernizing its manufacturing facilities, infrastructure, and equipment to enhance product diversity, reduce operating costs, and boost productivity. The company has successfully transitioned from traditional soya bean crushing to producing food-grade soya meal and value-added products like soya flour and TSP. The Indian soybean processing market is expanding significantly, with projections indicating substantial growth in demand for soybean oil and meal. The company benefits from its strategic location near soya bean production belts, allowing for competitive raw material procurement and efficient logistics to ports for export. Furthermore, the company maintains strong relationships with customers and has established a robust distribution network across various states in India and has exported products to several international markets.

The company has developed strong, long-term relationships with its customers by focusing on innovative processes, stringent quality, timely delivery, and technical specifications, leading to high customer retention. The company maintains a consistent track record of financial performance due to a continuous focus on operational and functional excellence. The business is working capital intensive, especially during peak seasons, requiring robust management of receivables to ensure smooth operations. The company's strategy involves expanding manufacturing capacity, modernizing facilities, and focusing on value-added products like soya flour and Textured Soya Protein through forward integration via a subsidiary. The company operates in a vital segment of the agricultural and food processing sector, with India being a significant player globally.

The company provides a breakdown of its domestic revenue by various Indian geographies, showing significant sales in Maharashtra, followed by Gujarat, Andhra Pradesh, Telangana, and Karnataka. The company aims to expand its presence in smaller cities by increasing the number of counters and enhancing product availability across different distribution channels to cater to a broader consumer base. Internationally, the company exports products like feed grade and food grade soya meal, along with lecithin, to several countries including Japan, South Korea, Taiwan, Malaysia, Vietnam, Indonesia, Sri Lanka, and the Netherlands. The company is focused on deepening penetration in existing export markets while exploring new ones and strengthening relationships with distributors to support global growth.

The provided text details several processing flows for different products, including soya oil and cottonseed oil, as well as a process for manufacturing soya flour. The soya oil process involves steps such as crude oil receipt, degumming, neutralization, drying, bleaching, filtration, and deodorization to produce refined soya oil. The cottonseed oil process follows a similar sequence, involving washing, neutralization, drying, bleaching, filtration, and deodorization to yield refined cottonseed oil. Finally, there is a process for manufacturing soya flour, which includes receiving, testing, grinding, size grading, and final quality control of the defatted soya flour.

The section details the various processing steps involved in manufacturing and refining soya-based products, starting from the receipt of untoasted soya for meal production through to the final quality control and packing. The process involves several stages including quality testing, storage, milling, pre-conditioning, extrusion for texturization, sieving, polishing, drying, and cooling. The text also outlines the manufacturing facilities, specifying the locations and major products handled by each unit, including the Dhule, Nandurbar, Gangakhed, and a subsidiary facility.

The provided text details the operational capacities and utilization metrics for various units and facilities of the company, including packaging units, a Nandurbar Manufacturing Facility, and a BNPL Manufacturing Facility. The data covers different years (2026, 2025, and 2024) for packaging capacity, storage facilities, and seed crushing operations. Specific details are provided regarding installed capacity, available days, actual working days, and resulting capacity utilization and operating efficiency for different products like soya seed, soya meal, and refined oil.

The company offers a diverse portfolio of refined vegetable oils, including soybean, cottonseed, and sunflower oils, which are primarily used in the cooking and food processing industries. They also engage in the trading of sunflower oil and palm oil in bulk to supplement their main product sales. The company manufactures various soya bean protein-based products, such as soya flour, soya flakes, and soya grits, which are used in food manufacturing. Furthermore, they produce specialized high-protein feed-grade soya bean meal and soya hulls for the animal feed industry.

The company manufactures and sells a diverse range of products derived from soya beans, including defatted oil cakes, hulls, lecithin, and various acid oils. These products serve various industries such as animal feed, food, confectionery, and pharmaceuticals. Key raw materials like soya bean seeds are sourced from multiple vendors across Maharashtra, Madhya Pradesh, and Gujarat, and the company has established significant infrastructure for storage and processing. The company distributes its products across numerous states in India and also exports to several international markets. The business emphasizes stringent quality control across all stages of operations to meet customer and industry standards.

The issuer maintains several certifications, including FSSC 22000, GMP+, and Halal JUHF, with various validity dates for these certifications. Pricing for products is determined by factors such as market demand, production capacity, transportation and raw material costs, inventory levels, competitor pricing, and credit terms, with regional price variations based on transportation and demand. The company employs 287 permanent employees as of July 31, 2026, and has a documented employee attrition rate over the past four fiscal years. The company utilizes an IT infrastructure, including an ERP solution, to manage key operations like human resources and supply chain management, ensuring data security through in-house servers and firewalls. Operations are subject to various risks inherent in the food processing industry, and the company has implemented stringent EHS initiatives focusing on resource utilization, emission control, and effluent treatment.

The company engages in renewable energy activities, including the installation of a solar rooftop power generating unit, and is exploring alternative and energy-efficient technologies to reduce its carbon footprint. The company promotes the use of agro-bio-waste such as corn cob, sugarcane bagasse, and groundnut shell in its boilers to minimize coal usage for steam generation. Significant emphasis is placed on Health & Safety initiatives, which include implementing intrinsically safe equipment, various personal protective equipment (PPE), and regular safety training to prevent accidents. Furthermore, the company adheres to numerous Indian laws and regulations concerning food safety, legal metrology, and the handling of hazardous substances.

This section primarily details various Indian laws and regulations pertinent to corporate operations, including those related to insolvency, securities markets, intellectual property, environmental protection, and labour practices. It outlines several key acts and rules that govern different aspects of business conduct, such as the National Tariff Policy, the IBC, SEBI regulations, and various environmental and labour laws. The text emphasizes the compliance requirements imposed by these laws on the company.

The company's operations are subject to various labour and employment laws, including the Employment and Conditions of Service Act, 1996, and the Code on Social Security, 2020, which mandate specific provisions for workers and employers. Furthermore, the company must comply with several tax laws such as the Income Tax Act, CGST Act, Customs Act, and various professional tax laws. Regulations concerning foreign investment in Indian securities are governed by the Foreign Exchange Management Act, 1999, and the Consolidated FDI Policy, which dictates routes for foreign investment in different sectors. The company is also bound by various other Indian laws, including the Companies Act, Competition Act, and the Contract Act.

The company's history began with its incorporation as a public limited company in 1995, which was later converted into a private limited company in 1998. The company underwent subsequent name changes, including a conversion to a public limited company in 2024. The company's registered office has seen several changes over the years, including recent relocations for administrative convenience and cost efficiency. The Memorandum of Association has been subject to various amendments concerning object clauses, authorized share capital, and business activities over the ten years preceding the DRHP date. Significant milestones include the establishment of various manufacturing units, acquisitions, and the commencement of product sales and distribution agreements.

The company currently has no holding company. The company has one subsidiary, Basant Nutrifoods Private Limited (BNPL), which was incorporated on April 17, 2023. BNPL is engaged in manufacturing various food products. There are no disclosed agreements with key personnel or shareholders regarding compensation for securities dealings, except as mentioned on page 324. The company has entered into an 'inter-facility sharing understanding' with BNPL concerning various facilities, and BNPL has agreed to pay a monthly fee to the company for these facilities. Furthermore, there are no accumulated profits or losses of the subsidiary that are not accounted for by the company, and no related party transactions between the company, its promoters, and the subsidiary are disclosed.

This section provides definitions and abbreviations used within the Draft Red Herring Prospectus. It defines various terms related to the company, including terms for the company itself, such as 'Our Company' or 'the Company', and various corporate and financial terms. It also defines terms related to the offer process, such as 'Allot', 'Bid', and different types of bidders like 'Anchor Investor' and 'ASBA Bidder'.

The definitions section outlines various terms related to the offer process, including the newspaper used for dissemination, the bid/offer period, and different categories of bidders. It specifies the Lead Managers involved in the book-building process, the types of bidders accepted, and various pricing and allotment terms. It also details different types of issues, such as a Fresh Issue and an Offer for Sale by Promoter Group Selling Shareholders.

This section details various terms related to the offer process, including the definition of Offer for Sale, the details of Offered Shares, and procedures for Pre-IPO Placement. It outlines pricing components such as the Price Band, the determination of the Pricing Date, and the promoter's contribution requirements. Furthermore, it specifies account requirements for the public offer and defines various parties involved in the offering process, such as various types of bidders and the role of different banks and brokers.

This section primarily defines various financial, legal, and regulatory terms used within the Draft Red Herring Prospectus. It specifies conventions regarding the use of terms like 'India' and 'U.S.' and clarifies that all financial data is derived from restated financial information. It also details the scope of the restated financial information, which includes consolidated and standalone statements for different financial years.

The provided text discusses various aspects of the Draft Red Herring Prospectus, including the reliance on restated financial information, differences between various accounting standards (Ind AS, Indian GAAP, US GAAP, IFRS), and the use of non-GAAP financial measures. It details the sources for industry and market data, which is derived from a report commissioned by the company. Furthermore, the document includes notices regarding the nature of the equity shares and the limitations on their offering and sale outside of India. Finally, it contains forward-looking statements which are subject to various risks and uncertainties.

The text discusses various risk factors related to the company's operations, including dependency on raw material availability, supply chain risks, and geographical concentration. The business relies heavily on the timely supply of raw materials like soyabean seed and various consumables, which are sourced from third parties. Furthermore, the company faces risks from fluctuations in commodity prices, market dynamics, and potential disruptions in the supply of utilities such as water, power, and fuel. The company's manufacturing operations are geographically concentrated in the State of Maharashtra, which exposes them to risks from regional economic downturns or regulatory changes.

The provided text details various aspects related to the company's manufacturing capacity utilization, statutory dues, and compliance issues under various provisions of the Companies Act. It highlights instances where manufacturing facilities experienced underutilization due to plant upgrades, age, or ramping up of operations. Furthermore, the text discusses delays in the payment of statutory dues and certain discrepancies in corporate records, including untraceable forms and discrepancies in statutory filings. There are also noted defaults related to the timely appointment of cost auditors, secretarial auditors, and the non-filing of consolidated financial statements.

The provided section details various discrepancies and corrective actions taken by the company related to regulatory compliance, including compounding applications filed with the Regional Director for different financial years. It also mentions defaults concerning the recognition of interest income on loans extended to a subsidiary and defaults related to penalties under various sections of the Companies Act. Furthermore, the text discusses investment activities, including the allotment of equity shares in a private placement offer, and subsequent procedural non-compliances by the subsidiary. The section also outlines contingent liabilities, including claims against the group, and details outstanding litigation proceedings against the company, its promoters, and directors.

The provided text discusses various risks and assumptions related to the company's operations, including litigation, supply chain issues, and adverse weather patterns. It details that the company's raw materials and finished products are stored on-site at manufacturing facilities and rented warehouses. Furthermore, it highlights exposure to foreign currency fluctuations due to the import of equipment and raw materials, providing historical data for foreign currency outflows and inflows.

The provided text discusses various risks related to foreign currency fluctuations, utilization of net proceeds, operational disruptions, dependency on personnel, reliance on a single customer, and brand reputation. The company highlights risks such as potential adverse effects from exchange rate changes, equipment breakdowns, power interruptions, and regulatory/social issues in operating regions. Furthermore, the text notes seasonal and cyclical variations in revenues, dependence on raw material availability, and the need for continuous brand building efforts to maintain consumer preference.

The text discusses various risks related to the company's operations, including the potential impact of negative cash flows and challenges in managing growth strategies. It details historical negative cash flows across fiscal years and highlights risks associated with global operations, such as trade sanctions, regulatory changes, and currency fluctuations. Furthermore, the text covers risks related to working capital requirements, the potential for losses due to handling and storage of soybean products, and issues concerning compliance with certain provisions of the Companies Act, 2013.

The text discusses various risks related to compliance, operational dependencies, and regulatory environments. It highlights potential issues arising from failures to adhere to statutory accounting requirements, which could impact financial statements and operations. Furthermore, the company's business relies on successful Research and Development (R&D) activities to develop and commercialize soybean products, which faces risks related to achieving desired technical specifications and market acceptance. The company is also exposed to risks from changes in customer preferences, competition, and supply chain disruptions. Finally, the company faces risks concerning government incentives, where changes in policies could negatively affect operating costs and cash flows.

The provided text discusses various risks facing the company, including environmental and safety compliance, exposure to regulatory changes, and potential liabilities related to product controls. It highlights risks concerning employee misconduct, fraud, and the failure of internal processes. Furthermore, the text addresses risks associated with information technology disruptions, the challenges of adapting to new technologies and customer preferences, and potential issues with intellectual property rights. The company also notes risks related to insurance adequacy and potential labor unrest or wage pressures in India.

The text discusses various risks related to accounting standards, inventory management, subsidiary performance, related party transactions, internal controls, and regulatory changes. It highlights potential impacts on operations, financial condition, and cash flows due to factors such as inventory mismanagement, losses incurred by a subsidiary, and potential adverse effects from changes in Indian regulations. Furthermore, it addresses risks associated with the listing of equity shares, including market volatility, potential dilution from future equity issuances, and exposure to Indian taxes on capital gains.

This section details various risks associated with investing in the company's equity shares, primarily focusing on market volatility, regulatory changes, and geopolitical factors. Risks include fluctuations in price and volume, potential issues with the Indian financial system, and adverse impacts from political instability or natural disasters. Furthermore, the section discusses limitations on shareholder rights, restrictions on takeovers, and hurdles related to foreign investment and the enforcement of judgments outside India.

This section details various regulatory requirements concerning foreign investment and the structure of the offer. It outlines restrictions on the transfer of ownership of foreign direct investment in India, which may require government approval. The offer comprises a Fresh Issue and an Offer for Sale, with various portions allocated to different investor categories such as QIB, Anchor Investors, Non-Institutional Bidders, and Retail Bidders. Specific rules govern the reservation and allocation of these portions, including provisions for domestic Mutual Funds and Life Insurance Companies and Pension Funds.

This section details the general and corporate information for the company, including its registered and corporate office address, the address of the Registrar of Companies, and the details of the Board of Directors as of the filing date. It also provides contact information for the Company Secretary and Compliance Officer. Furthermore, the text outlines various procedures and lists related to investor grievances, the identification of Book Running Lead Managers (BRLMs), and the legal counsel involved in the offer process.

This section outlines the various responsibilities and coordination activities related to the issuance process, including capital structuring, drafting of prospectuses, and various marketing efforts. It details the roles of different Book Running Lead Managers (BRLMs) in different aspects, such as statutory advertisements, publicity material drafting, international and domestic marketing, and coordination with stock exchanges. Furthermore, it covers post-bidding activities, the process for determining the offer price, and the formation of an underwriting agreement with underwriters.

This section details the authorized and issued share capital of the company as of the Draft Red Herring Prospectus date. It outlines the structure of the offer, including provisions for a fresh issue of equity shares and an offer for the sale of existing shares. Furthermore, it mentions various authorizations related to the offer, including those from the Board of Directors and Selling Shareholders, and details regarding employee reservation portions of the offer.

This section details various aspects of the company's capital structure, including details of equity share allotments and secondary transactions. It lists numerous allotments with different names and share quantities, along with the date, number of shares, and consideration. Furthermore, it provides a history of secondary transactions involving promoters and members of the Promoter Group, and information regarding equity shares issued for consideration other than cash or through bonus issues.

This section details various allotments of equity shares, including the number of shares, face value, and issue price, across different dates and categories. It also provides a summary of the shareholding pattern, showing the distribution of equity shares among various shareholders as of the Draft Red Herring Prospectus date. The shareholding data is presented in terms of the number of shares held and the corresponding percentage of the total equity share capital.

The section details various shareholding structures, including both current and past holdings of shareholders, categorized by their percentage of pre-offer equity share capital. It lists shareholders holding 1% or more of the paid-up equity share capital as of one year prior to the DRHP date, and separately details those holding 1% or more as of two years prior to the DRHP date. Furthermore, it outlines the shareholding of Directors, Key Managerial Personnel, and Senior Management Personnel, along with the collective holding of Promoters. The document also provides a history of build-up and transfer transactions involving the Promoters' equity shareholding over time.

This section details various transactions involving the allotment and transfer of equity shares across different dates, including cash and non-cash considerations. It lists numerous transactions involving various individuals and entities, such as transfers from and to different parties, and includes details on the percentage of pre-offer and post-issue equity share capital for different shareholders. Furthermore, it outlines provisions regarding the lock-in period for the minimum promoter's contribution and restrictions on the sale or encumbrance of these shares.

The section details various conditions regarding the equity shares, including restrictions on the minimum promoter contribution and the nature of the shares acquired. It specifies that certain equity shares are not subject to pledges with creditors, and all promoter holdings are in dematerialized form. Furthermore, it outlines lock-in periods for equity shares depending on the type of investor, such as anchor investors. The text also provides extensive details on the acquisition history of equity shares by promoters and selling shareholders over the last three years, along with weighted average prices and costs.

This section primarily outlines various compliance and procedural commitments related to the offering process and shareholder transactions. It details requirements for reporting transactions by promoters and the promoter group, restrictions on buy-back arrangements, and disclosures regarding the absence of stock appreciation rights schemes or outstanding convertible securities as of the filing date. Furthermore, it specifies limitations on incentives offered to bidders and restrictions on certain entities, including BRLMs and pension funds, participating in the offer.

The Offer involves a Fresh Issue of Equity Shares and an Offer for Sale by Promoter Group Selling Shareholders. The Net Proceeds from the Fresh Issue are proposed to be utilized for various corporate purposes, including financing for facility modernization and capital expenditure requirements. The utilization plan details the deployment of these net proceeds over several fiscal years, with specific amounts allocated to different projects. The company also anticipates benefits from the listing of equity shares and enhanced brand name recognition.

The section details the estimated costs for civil and structural works for the proposed Nandurbar Modernization, which involves appointing third-party vendors for various civil and utility works. Furthermore, the company proposes to utilize ₹11.03 Crore of the Net Proceeds towards the procurement and installation of machinery and equipment. This includes various components such as shellers, cleaning equipment, supply of extraction line components, and erection of high-tension lines. The text also notes that some quotations do not include applicable taxes, which may be funded from the Net Proceeds or internal accruals, and highlights risks related to delays in placing orders or securing equipment from vendors.

The company intends to fund the entire cost of the Proposed Nandurbar Modernization from the Net Proceeds, confirming no requirement to secure financing through verifiable means for at least 75% of the funds, excluding fresh issue amounts and internal accruals. The company may consider raising financing facilities pending receipt of the Net Proceeds. Furthermore, the company will bear any cost shortfall or increase in fund utilization from internal accruals. The text details the estimated schedule for various activities, including land acquisition, engineering work, procurement, construction, and the final commercial date of operations.

The company intends to establish a Proposed Packaging Unit at its Dhule Manufacturing Facility to enhance packaging capacity and efficiency. This expansion is crucial to align with the proposed refinery upgradation by increasing packaging capacity from 175 MT/day to 375 MT/day. The financing for this unit involves utilizing ₹58.70 Crore from the Net Proceeds, with an estimated total cost of ₹59.21 Crore. The required funds are intended for the procurement of equipment and machinery necessary for the new packaging unit.

The section details the procurement of machinery and equipment for setting up a new packaging unit at the Dhule Manufacturing Facility, noting that orders for equipment have not yet been placed. Some quotations do not include various applicable taxes and costs, which may need to be funded from net proceeds or internal accruals. Furthermore, the company estimates a contingency fund of 5.00% to account for potential increases in capital expenditure. The text also discusses the financing structure, confirming that the entire cost of the proposed Packaging Unit will be funded from the Net Proceeds and internal accruals. Separately, there is a plan to modernize and upgrade the Gangakhed Manufacturing Facility to increase operational efficiency and product portfolio, which involves utilizing funds from the Net Proceeds for plant and machinery procurement.

The section details various aspects related to the procurement of machinery and equipment, noting that orders are yet to be placed with vendors, and some quotations do not include certain taxes and duties. The company estimates a contingency fund of 5.00% which will increase the capital expenditure. The proceeds from the offer are intended for financing several key areas, including modernization of facilities, capacity enhancement at the refinery, and the setup of a packaging unit. Furthermore, the text discusses the funding of working capital requirements, which is expected to rise due to business expansion plans.

This section details the holding levels for working capital projections across various fiscal years, including current assets, current liabilities, and net working capital. It further outlines the assumptions and justifications for these holding levels, relating to inventory, trade receivables, cash, and other current assets and liabilities. The text also covers the proposed deployment of net proceeds for general corporate purposes, including marketing, funding growth, and other business requirements. Finally, it discusses the process for managing and monitoring the utilization of gross proceeds.

The section discusses various compliance and disclosure requirements related to the utilization of net proceeds from the fresh issue, including reporting deviations to stock exchanges quarterly. It also outlines restrictions on varying the objects of the fresh issue without shareholder approval and details the process for providing exit opportunities to dissenting shareholders. Furthermore, it clarifies that no part of the net proceeds will be paid to promoters, directors, or key managerial personnel, nor will they be used for lending or financing transactions with related parties. The section also notes that the net proceeds will be kept in a separate account under monitoring by the Monitoring Agency until utilization as per SEBI ICDR Regulations.

This section details various financial and operational metrics for the company across fiscal years 2026, 2025, and 2024. It includes definitions for key terms such as revenue, EBITDA, profit after tax, and various leverage and efficiency ratios. The text also presents a comparison of these Key Performance Indicators (KPIs) against listed industry peers. The KPIs are intended as supplemental measures to the Restated Financial Information and are not meant to be considered in isolation.

This section primarily details various fiscal and operational Key Performance Indicators (KPIs) for different entities, including Unit Maharashtra Oil Extractions, Gujarat Ambuja Exports Limited, and Manorama Industries Limited, across different fiscal years. It presents data on metrics such as employed manpower, trade receivable days, inventory days, working capital days, Net Asset Value per Equity Share, and various operational KPIs like capacity utilization and storage capacity. The text also includes notes clarifying the source of the financial information and the applicability of the data.

This section primarily deals with disclaimers and consents related to the Offer documents, including confirmations regarding compliance with the Code of Ethics and various standards. It outlines limitations on the responsibility of the certificate and clarifies that the information is for inclusion in Offer Documents. Furthermore, it details the availability of special tax benefits under the Income Tax Act, 2025, for the Company and its shareholders, including provisions related to corporate tax rates and deductions for inter-corporate dividends.

This section summarizes the financial information for the fiscal years 2026, 2025, and 2024, covering the Restated Statement of Assets and Liabilities, Profit and Loss, and Cash Flow statements. The data is presented in ₹ million, with figures for Fiscal 2026 (Consolidated), Fiscal 2025 (Consolidated), and Fiscal 2024 (Standalone). The data is derived from Restated Financial Information and should be cross-referenced with sections on pages 361 and 432 for context.

This section details the status of various legal and regulatory proceedings involving the Company, its directors, and promoters. It clarifies that there are no outstanding criminal proceedings against the Company itself. Several civil and criminal matters are disclosed, including cases related to the delayed appointment of a secretarial auditor, criminal complaints concerning the release of funds, and multiple criminal proceedings under the Negotiable Instruments Act. Furthermore, it details tax proceedings, including a significant amount in indirect tax claims. There are also various proceedings involving directors and promoters, including criminal complaints related to food safety standards and disputes over export consignment losses.

The section details the status of various legal and regulatory proceedings concerning the company, including civil, criminal, and tax matters. There are no outstanding material civil litigations filed by the Promoters, criminal proceedings by Key Managerial Personnel (KMPs), Senior Management Personnel (SMPs), or actions by statutory or regulatory authorities against these personnel. Furthermore, the company has no pending litigation involving Group Companies that would have a material impact. The section also outlines significant outstanding dues to creditors, totaling ₹29.41 Crore across various categories, including dues to micro, small, and medium enterprises, material creditors, and other creditors. The company has obtained numerous material approvals, such as various licenses and registrations required for its business operations, and also has certain material approvals pending or expired.

The section details various corporate and regulatory approvals related to the offer, including resolutions from the Board and shareholders. It confirms that the Draft Red Herring Prospectus and Abridged Prospectus were approved for filing with SEBI and Stock Exchanges. Furthermore, it outlines confirmations from Promoter Group Selling Shareholders regarding the holding period and clear status of the offered shares. The text also covers in-principle listing approvals from BSE and NSE, assurances against prohibitions by SEBI or other authorities, and confirmations regarding the status of promoters and directors concerning capital market access and fraudulent activities. Finally, it details compliance with various SEBI ICDR Regulations eligibility criteria and confirms certain agreements for the dematerialization of equity shares.

The section details various restrictions concerning the selling and transfer of Equity Shares, stipulating that offers are primarily directed towards persons within India, with exceptions for offshore transactions governed by Regulation S. It further clarifies that the Equity Shares are not registered or listed in any jurisdiction outside India and outlines limitations on offering or selling them abroad. The text also mentions requirements for submitting disclaimer clauses to the BSE and NSE, and the proposed listing of Equity Shares on these exchanges. It covers procedures for obtaining necessary permissions for trading and the responsibilities of Promoter Group Selling Shareholders regarding listing completion.

The section details various aspects related to past public issues, track records of brokers, investor grievance redressal mechanisms, and the legal framework governing the offer. It specifies that the equity shares are subject to numerous laws and regulations, including the Companies Act, SEBI ICDR Regulations, and various listing regulations. Furthermore, it outlines procedures for handling investor complaints, including timelines for resolution by the company or the Registrar to the Offer, and compensation mechanisms for delays in fund unblocking under the UPI mechanism.

This section details various aspects related to the offer process, including the determination of the offer price, shareholder rights, and the allotment procedure for equity shares. It specifies that the company must comply with all disclosure and accounting norms set by SEBI. The section outlines the rights of equity shareholders, such as receiving dividends and voting rights, and clarifies that equity shares shall be allotted only in dematerialized form as per the Companies Act and SEBI ICDR Regulations. It also details agreements signed with Depositories and the Registrar to the Offer for the trading of equity shares.

This section details various aspects of the offer structure, including the pro-rata selling of shares by the Promoter Group, requirements for bidder numbers under SEBI ICDR Regulations, and procedures for handling delays in payment. It outlines rules regarding the format of equity share allotment, restrictions on the transfer and transmission of equity shares, and conditions for the withdrawal of the offer. Furthermore, it specifies the book-building process compliance, the potential for pre-IPO placements, and detailed rules for allocating shares to different categories of bidders such as Eligible Employees, QIBs, Non-Institutional Bidders, and Retail Individual Bidders.

The section details various procedures and rules governing the public issue, including how different bidder categories interact, such as the discount offered to eligible employees. It outlines rules for collating bids from Foreign Portfolio Investors (FPIs) and the company's right to reject bids. Furthermore, it specifies rules regarding the extension of the Bid/Offer Period if the Price Band is revised, and the requirements for bidders to confirm their eligibility under applicable laws. The text also covers various SEBI regulations, including the use of the UPI mechanism for payments and the timelines for listing.

This section details various procedural requirements and restrictions concerning the submission of bids from different investor categories, including Designated Intermediaries, Mutual Funds, HUFs, Eligible NRIs, FPIs, and various corporate entities. It outlines specific rules regarding the documentation required for bids, such as SEBI registration certificates, and sets limits on the extent of investment by different investor types based on applicable laws and regulations. Furthermore, it specifies conditions for bids involving foreign currency and various structures like the Multi Investment Manager (MIM) structure.

This section details various requirements and conditions for different types of bidders participating in the offer, including those from various financial institutions and investors. Specific rules are outlined for bids made by Systemically Important NBFCs, insurance companies, provident/pension funds, eligible employees, and anchor investors. It also covers procedures for bids made under power of attorney, including requirements for documentation. Furthermore, the text specifies rules for bids made by various investors, including restrictions on bid withdrawal and requirements for mentioning PAN details. There are also detailed instructions regarding the use of UPI mechanisms for bids and verification processes.

This section details numerous instructions and prohibitions concerning the submission of Bid cum Application Forms, focusing heavily on compliance with various procedural and regulatory requirements. It mandates proper authorization for fund blocking, accuracy of demographic details, and adherence to specific notifications issued by the Central Board of Direct Taxes. The text lists extensive 'Don'ts' related to bid amounts, payment methods, submission formats, and the use of various identifiers, including restrictions on who can bid and where bids can be submitted.

This section primarily discusses the regulatory framework governing foreign investment in Indian securities, referencing the Industrial Policy, 1991, and FEMA. It details that foreign investment is generally permitted without prior approvals in certain sectors, though specific procedures must be followed. The text mentions that the Department for Promotion of Industry and Internal Trade Ministry of Commerce and Industry (DPIIT) issued a consolidated FDI policy, which supersedes previous clarifications. Furthermore, it outlines conditions for the transfer of shares between Indian residents and non-residents, including requirements related to the automatic route and sectoral limits. It also addresses restrictions on investments by entities from countries sharing land borders with India, which may require prior government approval.

This section details various provisions related to the management and transfer of company shares and securities. It covers procedures for dealing with worn-out or damaged share certificates, the application of certain articles to debentures, and restrictions on recognizing equitable interests in shares. The text also outlines rules regarding commissions, the division of share capital into different classes, and the rights attached to preferred shares. Furthermore, it discusses the recognition of interest in dematerialized securities under the Depositories Act and various procedures for the further issue of shares, including offers to existing holders and provisions concerning the conversion of debentures into shares.

This section details various provisions related to the transfer and transmission of shares, including requirements for written instruments of transfer and the company's power to decline registration under certain conditions. It outlines procedures for handling the death or insolvency of a member and the subsequent rights of survivors or legal representatives to assume the interest in the shares. Furthermore, the text covers provisions regarding the forfeiture of shares due to non-payment of calls and the company's power to dispose of forfeited shares. The section also addresses alterations to the share capital and the capitalization of profits for distribution among members.

This section primarily details procedural aspects related to the Board of Directors, voting rights, and the appointment of various officers. It covers rules regarding the appointment of a Chairperson, the methods of voting at general meetings, and stipulations concerning the conduct of directors and officers. Furthermore, it outlines provisions related to the indemnity of directors and officers against liabilities incurred in the discharge of their duties.

This section primarily details various provisions related to dividend distribution, share payments, and the handling of unclaimed dividends. It outlines rules regarding the declaration and payment of dividends, the treatment of payments made in advance of calls, and procedures for dealing with unpaid or unclaimed dividends, including transfer to an Investor Education and Protection Fund. Furthermore, the text covers stipulations regarding regulatory requirements for securities, such as those imposed by SEBI, and the company's obligation to comply with such directives.

This section primarily details the consents granted to various company officials and external parties, as well as the submission of various reports and agreements related to the company's operations and financial standing. It includes references to reports from statutory auditors, tripartite agreements with regulatory bodies, and in-principle listing approvals from stock exchanges. Furthermore, the section contains several declarations confirming compliance with various laws and regulations.

This section primarily contains declarations from various directors and the Chief Financial Officer confirming compliance with relevant laws and regulations. The declarations affirm that all statements, disclosures, and undertakings made in the Draft Red Herring Prospectus comply with the provisions of the Companies Act, 2013, and various rules and guidelines issued by the Government of India and the Securities and Exchange Board of India. Furthermore, several declarations limit the responsibility of the signatories regarding statements made about themselves as a Promoter Group Selling Shareholder.

The provided section consists of two separate declarations, one signed by Yusuf Ahmedbhai Dhumadia and another by Iliyas Ibrahim Balesaria. Both declarations confirm that the statements, disclosures, and undertakings made or confirmed in the Draft Red Herring Prospectus regarding them as a Promoter Group Selling Shareholder and their portion of the offered shares are true and correct. Furthermore, both signatories assume no responsibility for any other statements, disclosures, or undertakings related to the Company or other Promoter Group Selling Shareholders.

This section summarizes related party transactions for the fiscal years 2026, 2025, and 2024, categorized by the relationship with the company. Transactions involving Mujtaba Poultry Farm, Navapur included the sale of products, purchase of goods, and trade receivables. Several transactions involved loans and interest payments with entities like Basant Nutrifoods Private Limited and various individuals such as Alkesh Basantlal Agrawal and Manoj Basantlal Agrawal, including purchases of land, loan repayments, and salary payments. Other related party activities included the purchase of land by Ashok Shankarlal Agrawal and Basantlal Shankarlal Agrawal, and various loan transactions with Dheer Alkesh Agrawal. Finally, there are records of salaries and interest payments related to Kasim Abdul Samad Balesaria and Prashant Ashok Agrawal.

This section details various financial relationships, including loans, salaries, and interest payments, between the company and relatives of directors and key management personnel across different fiscal years. Several individuals, such as Ruchir Manoj Agrawal and Sandeep Omprakash Agrawal, have had loans taken and repaid, with some loans showing significant outstanding amounts. Furthermore, there are transactions involving various HUFs (Hindu Undivided Families) of relatives, including interest payments, loans, and dividends. The data covers transactions from Fiscal 2026 to Fiscal 2024, with corresponding percentages of revenue from operations disclosed for some items.

This section details various financial relationships between the company and related parties, categorized by the nature of the transaction and the relationship type. The disclosed transactions include loans taken, loans repaid, interest paid, dividends paid, and various relationships with firms where directors or relatives are partners or have significant control. Several related parties, including HUFs and individuals, have engaged in loans, with some amounts being repaid over different fiscal years. Furthermore, there are relationships with relatives of the director/key management personnel, involving interest payments, loans, and dividends.

This section details various financial relationships between the company and relatives of directors or key management personnel, categorized by the nature of the transaction and its impact on the company's operations over fiscal years 2026, 2025, and 2024. The disclosed transactions include loans taken, interest paid, loan repayments, and dividend payments involving several individuals and entities. Significant loan transactions were noted with individuals like Shamim Iliyas Balesaria, Shobhadevi Omprakash Agrawal, Shrinivas Shivnarayan Agrawal, Tanvi Shailendra Agrawal, Vandana Manoj Agrawal, and Veena Shailendra Agrawal, with some transactions showing substantial repayment amounts. Dividend payments were also recorded for certain parties, and some relationships were deemed negligible.

This section details various relationships and transactions with related parties, including personnel and entities. It lists dividend payments made to relatives of directors and key management personnel, salaries for certain personnel, and sitting fees for Independent Directors. It also details loan balances with a private limited firm and various transactions with a subsidiary company, such as the sale of products and purchase of products.

The company has six directors on its Board, comprising one Managing Director, two Whole-Time Directors, and three Independent Directors, including one woman Independent Director. The board composition adheres to corporate governance requirements set by the Companies Act and SEBI Listing Regulations. The document details the particulars of the Board members, including their designations, tenure, and other directorships. Various confirmations were provided regarding related party transactions, service contracts, and conflict of interests among the directors and the company's operations.

The company has disclosed remuneration paid to its Executive Directors in Fiscal 2026, including amounts for Manoj Basantlal Agrawal, Alkesh Basantlal Agrawal, and Kasim Abdul Samad Balesaria. Independent Directors are entitled to sitting fees for attending Board meetings, capped at ₹5,000 each. No remuneration was received by the Directors from the Subsidiary for Fiscal 2026, and there is no contingent or deferred compensation payable to the Directors beyond their regular remuneration. Furthermore, the company has established various Board-level committees, including an Audit Committee, and has complied with corporate governance requirements under the Companies Act, 2013 and SEBI Listing Regulations.

The provided text details the various powers and responsibilities delegated to different committees within the company, including the Audit Committee, Nomination and Remuneration Committee, Stakeholders’ Relationship Committee, Corporate Social Responsibility Committee, and the Risk Management Committee. These committees have extensive powers related to financial oversight, auditor appointments, related party transactions, internal controls, and shareholder grievances. Specific functions include reviewing financial statements, monitoring compliance with various regulations, evaluating director qualifications, and overseeing CSR activities.

The management structure includes several key personnel, with the Board having constituted an IPO committee in compliance with SEBI Listing Regulations. Key Managerial Personnel such as the CFO and Company Secretary are detailed, along with various Senior Management Personnel. The document outlines various aspects concerning the relationship between management, including family relationships among some directors, and details regarding compensation, service contracts, and changes in key personnel over the last three years.

The company's promoters include Basantlal Shankarlal Agrawal, Manoj Basantlal Agrawal, Vandana Manoj Agrawal, Shailendra Basantlal Agrawal, Alkesh Basantlal Agrawal, Omprakash Shankarlal Agrawal, and Kasim Abdul Samad Balesaria. Collectively, these promoters hold 7,78,37,001 Equity Shares, representing 34.92% of the issued capital on a fully diluted basis. Key individuals like Manoj Basantlal Agrawal and Alkesh Basantlal Agrawal are also directors and shareholders in Samruddhi Proteins Private Limited, a group company. Furthermore, certain promoters have business activities similar to the company's, leading to potential conflicts of interest.

The document confirms that there have been no payments or benefits made by the Company to its Promoters or the Promoter Group during the two years prior to the Draft Red Herring Prospectus date, except as disclosed in related party transactions on page 409. Furthermore, the Promoters have not provided material guarantees for the company's equity shares to any third parties. The company and its promoters are not prohibited from accessing the capital market by any regulatory body, and associated companies have not been debarred from trading. Finally, neither the Company nor its Promoters have been declared as Wilful Defaulters or Fraudulent Borrowers by banks or financial institutions, nor have the Promoters been declared fugitive economic offenders.

This section details the dividend policy of the Company, stating that the policy was adopted by the Board on September 07, 2026, and that the declaration and payment of dividends will be recommended by the Board and approved by shareholders at their discretion, subject to various legal provisions. The quantum of dividends depends on factors such as executive management advice, future investments, profitability, working capital requirements, and restrictive covenants under loan documents. Furthermore, the ability to pay dividends can be impacted by restrictive covenants and other factors, including the Company's current or potential involvement with loans or financing agreements. The text also provides historical data on dividends paid for Fiscal Years 2026, 2025, and 2024, showing different interim and final dividend rates.

This section details the reliance placed on various independent auditors' reports for the financial statements, covering financial years ending March 31, 2024, 2025, and 2026. It specifies the reports used, including those from the current and erstwhile auditors, and outlines adjustments made to the financial information. A key finding relates to a qualification raised by the auditor concerning the subsidiary, Basant Nutrifoods Private Limited, regarding non-compliance with certain procedural requirements under the Companies Act, 2013, related to a private placement of equity shares.

The provided text details the financial statements and corporate information for Maharashtra Oil Extractions Limited (formerly Maharashtra Oil Extractions Private Limited). The company's financial performance is presented across various years, including revenue, expenses, and profit figures. The text also outlines the corporate identity, including the change in CIN following the conversion to a public limited company, and describes the group's business activities, which involve manufacturing refined edible oil and soya meal, and refining cottonseed oil. The company manages manufacturing facilities across Maharashtra.

This section details various accounting policies and notes related to the financial statements, including consolidation procedures and the treatment of different financial instruments. It outlines how financial information is prepared, including adjustments for changes in accounting policies and material errors. The text also specifies rules for revenue recognition, the treatment of goods and services tax (GST), and the recognition of interest income and dividend income. Furthermore, it covers the classification and subsequent measurement of financial assets and liabilities, including debt instruments, equity instruments, and provisions for slow-moving items.

This section details various accounting policies and significant accounting judgements used by the entity, which is Maharashtra Oil Extractions Limited. It covers policies related to leases, depreciation methods for various assets, impairment testing, treatment of cash, property, plant and equipment, intangible assets, trade payables, borrowing costs, provisions, employee benefits, and earnings per share calculations. The text emphasizes the significant role of management's judgments, estimates, and assumptions in determining reported financial statement amounts, including revenue recognition, inventory valuation, provision for expected credit losses, and provisions for litigations.

This section details various accounting policies and notes related to the financial statements of Maharashtra Oil Extractions Limited. It covers aspects such as lease accounting, impairment provisions for financial assets, fair value measurement of financial instruments, and the impact of recent amendments to Indian Accounting Standards (Ind AS) by the Ministry of Corporate Affairs (MCA). Furthermore, it provides notes on property, plant and equipment, goodwill, and financial assets, including investments, loans, and bank deposits.

This section details various financial and structural aspects of the company, including inventories, trade receivables, cash balances, income tax provisions, and share capital structure. It outlines the movement in various financial figures over the years, including changes in trade receivables aging, cash and bank balances, and the calculation of income tax expense. Furthermore, it provides a breakdown of shareholders holding more than 5% of the company's equity shares.

This section details the shareholding structure of the company, showing various individuals and their respective holdings in the company's equity shares. It also provides information on reserves and earnings, including changes over the years, and details regarding borrowings and trade payables. The text also mentions the identification of 'Promoters' and the various financial instruments and liabilities of the company.

This section details various financial aspects of Maharashtra Oil Extractions Limited, including liabilities, provisions, revenue, income, cost of materials, and expenses. The data provided covers financial figures for the years ending March 31, 2026, 2025, and 2024. It also includes information on revenue from contracts with customers, other operating revenues, interest income, cost of materials consumed, and various operating and non-operating expenses. Furthermore, the section details the expenditure related to Corporate Social Responsibility (CSR) activities across different years.

This section details various financial and legal aspects of Maharashtra Oil Extractions Limited, including earnings per share, employee benefit obligations, and commitments. The company has disclosed various contingent liabilities, such as disputes with tax authorities regarding goods and services tax (GST) and issues related to TDS/TCS defaults. Furthermore, the company has ongoing disputes with tax authorities pending before the First Appellate Authority and the GST Appellate Tribunal (GSTAT).

This section details various related party transactions and balances between the company and its directors and key managerial personnel (KMP's), as well as transactions with entities where directors or KMP's are partners. The data covers transactions for the years ended March 31, 2026, March 31, 2025, and March 31, 2024. The data includes details on the sale and purchase of various goods and land, as well as loan balances, salary payments, professional fees, interest paid, loan taken, and loan repaid.

This section details various financial and relationship particulars for the year ended March 31, 2026, including dividend paid, salary details for directors and Key Managerial Personnel (KMP's), outstanding balances, and transactions with related parties. It lists numerous firms in which directors or their relatives are partners or have significant control, as well as loan outstanding amounts. Furthermore, it provides details on transactions eliminated upon consolidation and segment reporting, including revenue from external customers broken down by geographical area.

This section details various financial measurements and risk management aspects for Maharashtra Oil Extractions Limited. It covers fair value measurements for financial instruments, liquidity risk management, credit risk assessment, market risk exposure, and capital management policies. The company employs various methods to manage risks such as foreign currency fluctuations and interest rate changes, and has established policies to ensure liquidity and maintain a stable capital structure.

This section details various financial and regulatory disclosures related to Maharashtra Oil Extractions Limited, including transactions with suppliers, acquisitions, and compliance with various laws. Key points include the acquisition of Basant Nutrifoods Private Limited, which involved a private placement, and subsequent regulatory actions against the subsidiary. The company also affirms compliance with certain provisions of the Companies Act, the absence of certain transactions, and adherence to guidelines regarding wilful defaulters and foreign fund transactions.

This section details financial restatement notes, including reconciliation between audited and restated equity and profit/loss figures for various fiscal years. It outlines material errors found, such as the omission of interest income on a loan to a related party, and various adjustments made to the financial statements. Furthermore, it lists various legal disputes and regulatory dues against the Holding Company and its subsidiary, along with information regarding related party transactions and the context of the financial data.

The company operates four manufacturing facilities, three of which are directly owned and operated, with one facility being operated by its subsidiary, BNPL. These facilities are located in Maharashtra, and their combined installed capacity for soya bean crushing and edible oil refining was significant as of July 31, 2026. The facilities utilize machinery from Germany, USA, and India, and include various storage silos and tanks. The company is subject to various risks, including fluctuations in raw material costs, commodity prices, currency fluctuations, and changes in government policies and import/export regulations. Furthermore, the company faces competition from both domestic and international players, and the ability to pass on cost increases is dependent on market conditions.

This section primarily details various financial indicators and reconciliations related to the company's operating performance, including financial metrics like revenue, EBITDA, profit after tax, and various working capital and inventory days. It provides detailed breakdowns for calculating these measures, including reconciliations for EBITDA, PAT margins, total borrowings, interest coverage ratios, net worth, and return on net worth. Furthermore, it outlines the accounting policies used for preparing the restated financial information, which comply with various Indian regulations and accounting standards.

This section details various accounting and consolidation principles, including the application of Indian accounting standards and presentation requirements. It outlines adjustments made to financial information retrospectively and discusses the criteria for establishing control over an investee within the Group. Furthermore, the text elaborates on the procedures for consolidation, including combining items, offsetting investments, and eliminating intragroup transactions. It also covers the accounting for business combinations, including the acquisition method, and the measurement of various assets and liabilities arising from such combinations.

This section details various accounting treatments under Ind AS, covering the recognition, measurement, and derecognition of financial instruments, financial liabilities, and various assets. It outlines rules for equity investments, debt instruments, trade receivables, and financial liabilities, including how they are classified and measured. The text also covers considerations for financial asset impairment, the treatment of financial instruments like derivatives, foreign currency translation, tax provisions, leases, and the accounting for property, plant, and equipment, and intangible assets.

This section details various accounting treatments and recognition policies for the company's financial statements. It covers methods for amortizing intangible assets, classification of trade payables, treatment of borrowing costs, recognition criteria for provisions, accounting for employee benefits like wages and leave, and various aspects of earnings per share calculation. Furthermore, it outlines the classification of assets and liabilities, segment reporting, dividend recognition, government grant accounting, and the treatment of IPO transaction costs.

This section details the financial results for Fiscal Years 2026, 2025, and 2024, including revenue, expenses, and profit figures. The analysis shows changes in revenue, income, and expenses between the fiscal years, attributing these changes to factors such as sales volume, raw material purchases, and working capital adjustments. Furthermore, it provides a summary of cash flows from operating, investing, and financing activities, along with the cash and cash equivalents held at the end of each period.

The provided text details various financial activities, indebtedness, and risk disclosures for the company across fiscal years, including cash flows from investing and financing activities, capital expenditure details, and financial liabilities. The text also mentions that the company has had past issues with a subsidiary regarding procedural lapses in private equity share placements, which resulted in a penalty from the Registrar of Companies. Furthermore, the company relies on an exclusive distribution agreement with Nisshin Shokai Co. Ltd. for exporting its products to South-East Asian markets.

This section details the capitalization and financial indebtedness of the company as of March 31, 2026, including various borrowings. It outlines the terms of credit facilities availed by the company from banks, specifying interest rates, tenor, and security arrangements. The agreements include provisions for pre-payment, penalties for default, and various events of default. Furthermore, the facilities are subject to restrictive covenants, which require lender consent for certain actions, and the company must keep lenders informed of events that might substantially affect its business.