Regent Enterprises Limited is an established Indian entity specializing in the **processing, re-packaging, and trading of edible oils and allied products**. Founded in **1994**, the company has evolved into a key player in the organized supply chain, bridging the gap between raw material sourcing and the rapidly expanding Indian retail market. --- ### **Core Business Operations & Product Portfolio** The company operates a centralized business model focused on the Indian domestic market. By concentrating operations within India, the company effectively mitigates **Foreign Exchange Risk**, as the vast majority of transactions are denominated in **Indian Rupees (INR)**. * **Product Categories:** The portfolio includes a wide range of essential edible oils: * **Mustard Oil** * **Sunflower Oil** * **Groundnut Oil** * **Cottonseed Oil** * **High-Growth Segments:** Management has identified **Rice Bran Oil** and **multisource (blended) edible oils** as the fastest-growing categories, driven by increasing consumer health consciousness. * **Operational Infrastructure:** The company utilizes a **leased unit** at the **Kribhco Infrastructure Ltd Logistics Park** in Modinagar, Ghaziabad (Uttar Pradesh). This strategic location facilitates efficient logistics and distribution to both small-scale retailers and large-format retail chains. * **Multiprocessing Capabilities:** The company employs flexible processing technology, allowing it to pivot between different oil types based on raw material availability and shifting consumer demand. --- ### **Financial Performance & Capital Structure** Regent Enterprises has demonstrated a successful financial turnaround over the last three fiscal years, moving from a deficit to a profitable standing. **Three-Year Financial Trajectory:** | Metric | FY 2024-25 | FY 2023-24 | FY 2022-23 | | :--- | :--- | :--- | :--- | | **Revenue from Operations** | **₹749.25 Crore** | **₹672.67 Crore** | **₹741.85 Crore** | | **Earnings Before Tax (EBT)** | **₹1.64 Crore** | **₹1.46 Crore** | **(₹1.42 Crore)** | | **Profit After Tax (PAT)** | **₹1.03 Crore** | **₹0.65 Crore** | **(₹1.14 Crore)** | | **Total Equity** | **₹3,967.90 Lakh** | **₹3,865.39 Lakh** | - | | **Net Debt Equity Ratio** | **0.04** | **0.04** | - | **Key Financial Highlights:** * **Profitability:** The company achieved a **Net Profit** of **₹1.03 Crore** in FY 2024-25, a significant recovery from the **Net Loss** recorded in FY 2022-23. * **Dividend Policy:** Despite the return to profitability, the Board has **not recommended a dividend** for FY 2024-25, opting to reinvest internal accruals into **future growth and development**. * **Debt Profile:** The company maintains a highly conservative leverage position with a **Net Debt Equity Ratio of 0.04**. Total debt stands at **₹218.58 Lakh** (primarily lease liabilities and vehicle loans), offset by **₹64.80 Lakh** in cash and bank balances. * **Public Deposits:** The company has **not accepted any deposits** from the public under Section 73 of the Companies Act, 2013. --- ### **Strategic Corporate Restructuring** A defining shift in the company’s recent history is its transition to a **100% Public Holding** structure. This was achieved through the formal reclassification of its promoter entity, **Securocrop Securities India Private Limited**, under **Regulation 31A of SEBI (LODR) Regulations, 2015**. **Shareholding Evolution:** | Category | Pre-Reclassification (%) | Post-Reclassification (%) | | :--- | :--- | :--- | | **Promoter Holding** | **1.12%** | **0.00%** | | **Public Holding** | **98.88%** | **100.00%** | The final approval for this reclassification was granted by **BSE Limited in March 2024**, marking the completion of a process that began in June 2023. Currently, **94.41%** of the total issued capital is held in **dematerialized form**. --- ### **Risk Management & Mitigation Framework** The company operates in a volatile commodity environment and employs a structured approach to risk: * **Credit & Receivables:** A conservative credit policy limits exposure to **30–90 days**. A **dedicated independent team** monitors collections on a **pan-India basis**. * **Liquidity Management:** The company ensures it can meet all liabilities falling due within **one year** by matching the maturity profiles of financial assets and liabilities. * **Commodity Price Risk:** Management focuses on the **quick liquidation of stocks** during market downturns to prevent inventory losses caused by price fluctuations in oilseeds. * **Interest Rate Risk:** Exposure is **minimal**, as the company has **no significant bank or financial institution borrowings** outside of vehicle-related loans. * **Asset Oversight:** A physical verification program for Property, Plant, and Equipment is conducted every **three years**. Notably, the company holds **no immovable properties** in its own name; all sites are leased. --- ### **Market Challenges & Regulatory Headwinds** The edible oil industry in India is subject to external pressures that impact margins and working capital: * **The "Inverted Duty" GST Gap:** A significant fiscal challenge exists where raw materials are purchased at **18% GST**, while finished edible oils are sold at **5% GST**. Because the **GST Council** does not allow refunds for this accumulated **Input Tax Credit (ITC)**, approximately **13% of capital** remains locked, straining operational liquidity. * **Import Dependency & Customs Duty:** Domestic prices are heavily influenced by international palm and soybean oil markets. In **October 2024**, the Government increased customs duty by **20%**. While this supports domestic farmers and brand equity, sudden shifts can impact short-term profitability. * **Currency Volatility:** While operations are domestic, the **INR** exchange rate (fluctuating between **85 and 87** against the USD) impacts the broader cost of imported oils in the Indian market. * **Audit Note:** As of **November 2024**, management is in the process of obtaining confirmations for certain outstanding **receivable and payable balances**. --- ### **Corporate Governance & Global Presence** * **Board Structure:** The Board consists of **four Directors**, including a **Whole Time Director** for daily operations, and Independent Directors, including a **Non-Executive Independent Woman Director**. * **Segment Reporting:** The company operates as a **single-segment entity** (Edible Oils) under **Ind AS 108**. * **Subsidiaries:** As of March 31, 2025, the company has **no subsidiaries or associate companies**. * **Geographic Reach:** While operations are India-centric, the company maintains correspondence addresses in **Dubai, Singapore, and New York** to support its broader corporate reach and global networking. **Registered Office:** Greater Kailash-II, New Delhi. **Corporate Office:** RDC Raj Nagar, Ghaziabad, Uttar Pradesh.