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ALMONDZ - Almondz Global

📊 NSE: ALMONDZ 🏢 Finance & Investments 📅 Last Updated: 12/13/2025 18:11

📢 Recent Corporate Announcements

Almondz Global Issues Corrigendum for Preferential Warrants; Sets Floor Price at ₹16.57

🟡 NEUTRAL ⭐ 6/10

FUNDRAISE 📅 13 Mar 2026, 03:42 PM

Almondz Global Securities has issued a corrigendum to its EGM notice following observations from the NSE regarding its proposed preferential issue of convertible warrants. The company clarified that the proceeds will be used for proprietary trading activities, where it typically maintains a portfolio of ₹50-80 crore, and for general working capital. The relevant date for pricing is set as February 25, 2026, with a floor price determined at ₹16.57 per share based on the 90-day VWAP. The issue is relatively small, representing less than 5% of the post-issue diluted capital, and involves a non-promoter allottee.

Floor price for the preferential issue of warrants is set at ₹16.57 per share based on 90-day VWAP.
Proceeds to be utilized within 12 months for proprietary trading and working capital requirements.
Proprietary trading segment typically manages a portfolio between ₹50 crore and ₹80 crore.
The issue size is less than 5% of the post-issue fully diluted share capital, involving non-promoter Nandakumar Padma.
NSE directed the company to provide a revised valuation report and additional disclosures via this corrigendum.

💡 Investors should note the floor price of ₹16.57 and the specific use of funds for proprietary trading, which carries inherent market risk. Monitor the EGM outcome on March 27, 2026, for final approval of the issuance.

Almondz Global to Raise ₹13.26 Crore via Preferential Issue of 80 Lakh Warrants

🟢 POSITIVE ⭐ 7/10

FUNDRAISE 📅 28 Feb 2026, 12:45 PM

Almondz Global Securities Limited has called an Extraordinary General Meeting (EOGM) on March 27, 2026, to approve a preferential issue of 80,00,000 fully convertible warrants. The warrants are priced at ₹16.58 each, aiming to raise a total of ₹13,26,40,000. The entire allotment is proposed for a single non-promoter investor, Nandakumar Padma. This capital infusion will involve an upfront payment of 25% of the issue price, with the remaining 75% payable upon conversion into equity within 18 months.

Issuance of 80,00,000 fully convertible warrants at a price of ₹16.58 per warrant
Total fundraise size of approximately ₹13.26 crore through preferential allotment
Proposed allottee is Nandakumar Padma, classified under the Non-Promoter category
Upfront payment of ₹3.316 crore (25%) required at the time of warrant subscription
Warrants are convertible into equity shares of ₹1 face value within a period of 18 months

💡 Investors should note the potential equity dilution resulting from the conversion of 80 lakh warrants and monitor the company's plans for utilizing the ₹13.26 crore capital.

Almondz Global Securities to Raise ₹38.26 Cr via Loan Conversion and Warrant Issue

🟢 POSITIVE ⭐ 8/10

FUNDRAISE 📅 25 Feb 2026, 02:04 PM

Almondz Global Securities has approved a total capital infusion of approximately ₹38.26 crore through two primary routes. First, it will convert an existing unsecured loan of ₹25 crore from its promoter, Avonmore Capital, into 1.51 crore equity shares at ₹16.58 each, increasing the promoter's stake to 54.30%. Second, the company will issue 80 lakh convertible warrants to a non-promoter investor at the same price, potentially raising an additional ₹13.26 crore. These moves aim to strengthen the balance sheet by reducing debt and providing fresh growth capital.

Approved conversion of ₹25 crore unsecured loan into 1.51 crore equity shares for the promoter group.
Promoter (Avonmore Capital) stake to increase from 50.34% to 54.30% following the loan conversion.
Issuance of 80 lakh convertible warrants to a non-promoter at ₹16.58 per warrant to raise ₹13.26 crore.
Warrants require 25% upfront payment with the remaining 75% payable within 18 months of allotment.
Total potential equity dilution involves approximately 2.31 crore new shares at a floor price of ₹16.58.

💡 Investors should view the promoter's decision to convert debt into equity as a strong sign of commitment and confidence in the company's future. Monitor the successful conversion of warrants and the utilization of fresh capital for growth-oriented projects.

Almondz Global Q3 Net Profit Surges 400% YoY to ₹12.75 Cr; Revenue Up 56%

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 13 Feb 2026, 05:06 PM

Almondz Global Securities reported a robust consolidated performance for Q3 FY 2025-26, with revenue reaching ₹52.29 crore, a 54% increase from the previous quarter. Net profit saw a massive jump to ₹12.75 crore compared to ₹3.86 crore in Q2 FY26 and ₹2.55 crore in Q3 FY25, driven by milestone advisory fees and improved margins in the green fuel segment. The Infrastructure Advisory vertical secured orders worth ₹187 crore in the first nine months, while the Green Fuel JV (PGIPL) reported a significant profit turnaround to ₹13.95 crore. The company expects the Odisha Green Fuel plant to commence commercial production by late March 2026 following upcoming OMC tenders.

Consolidated Q3 PAT surged to ₹12.75 Cr from ₹2.55 Cr YoY, representing a nearly 5x increase.
Financial Services segment profit grew to ₹7.41 Cr, aided by a milestone advisory mandate during the quarter.
Infrastructure Advisory order book reached ₹187 Cr for 9M FY26, with management guiding for 20% growth.
Green Fuel JV (PGIPL) revenue hit ₹206.12 Cr with a profit of ₹13.95 Cr in Q3, up from ₹1.18 Cr YoY.
Odisha plant is fully commissioned and ready for production, awaiting OMC tender expected in late February 2026.

💡 Investors should monitor the successful execution of the OMC tender for the Odisha plant as a key growth catalyst for the Green Fuel segment. Additionally, keep a watch on the regulatory progress of the Composite Scheme of Arrangement which is currently under legal review by the exchanges.

Almondz Global Q3 Profit Jumps 400% YoY to ₹12.90 Cr; Green Fuel Segment Drives Growth

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 12 Feb 2026, 11:07 AM

Almondz Global Securities reported a strong Q3 FY26 performance with consolidated net profit rising to ₹12.90 crore from ₹2.55 crore in the previous year. While the financial services arm faced a ₹2.69 crore loss due to mark-to-market equity hits, the Green Fuel JV and Infrastructure Advisory segments showed robust growth. The Green Fuel JV (PGIPL) saw profits surge to ₹13.95 crore, and its Odisha plant is expected to start production by March 2026. Additionally, the company's Infrastructure order book stands strong at ₹187 crore for the nine-month period.

Consolidated net profit surged to ₹12.90 crore in Q3 FY26 compared to ₹2.55 crore in Q3 FY25.
Green Fuel JV (PGIPL) revenue reached ₹206.12 crore with a profit of ₹13.95 crore, up from ₹1.18 crore YoY.
Infrastructure Advisory segment revenue grew to ₹31.51 crore with a total 9M order book of ₹187 crore.
Financial services segment reported a loss of ₹2.69 crore, primarily due to an ₹82.71 crore MTM loss on equity holdings.
Odisha Green Fuel plant is ready for commissioning with commercial production expected by March 2026.

💡 Investors should track the upcoming OMC tender in late February 2026, which is critical for the commencement of the Odisha plant. The diversification into green fuels is significantly boosting the bottom line, providing a hedge against volatile financial service earnings.

Almondz Global Securities Approves Q3 FY26 Unaudited Financial Results

🔵 WATCH ⭐ 7/10

EARNINGS 📅 11 Feb 2026, 02:26 PM

Almondz Global Securities Limited has approved its standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. The board meeting, held on February 11, 2026, concluded with the statutory auditors issuing a limited review report. While the specific profit and loss figures were not detailed in the cover letter, the results have been submitted to the stock exchanges for public review. Investors should monitor the detailed filing for trends in the company's financial services and advisory segments.

Board approved un-audited financial results for the quarter ended December 31, 2025
Statutory auditors M/s Mohan Gupta & Co. issued a Limited Review Report for the period
Results include both Standalone and Consolidated financial performance
The board meeting was conducted between 13:00 p.m. and 14:15 p.m. on February 11, 2026

💡 Investors should access the full financial tables on the NSE/BSE websites to evaluate revenue growth and margin expansion. Compare the Q3 performance against the previous year's corresponding quarter to assess the company's growth trajectory.

Almondz Global Securities Scheme of Arrangement Application Returned by Exchange

🔴 NEGATIVE ⭐ 7/10

REGULATORY 📅 23 Jan 2026, 05:54 PM

Almondz Global Securities Limited has announced that its application for a Composite Scheme of Arrangement has been returned by the Membership Department of the Exchange. The scheme was originally approved by the company's Board of Directors on September 11, 2025, and subsequently filed for regulatory clearance. This development indicates a procedural setback or compliance hurdle that will likely delay the intended corporate restructuring. Investors should monitor for further updates regarding the specific reasons for the return and the company's plan for re-submission.

The Exchange's Membership Department returned the application for the Composite Scheme of Arrangement.
The Board of Directors had originally approved the proposed restructuring scheme on September 11, 2025.
The return of the application represents a significant regulatory delay in the company's corporate action plans.
The company had previously filed the scheme following board approval for necessary exchange-level clearances.

💡 Investors should exercise caution and wait for management to clarify the reasons behind the application's return. The delay in the restructuring process may impact the stock's short-term sentiment.

Almondz Global Submits SEBI Regulation 74(5) Compliance Certificate for Q3 FY26

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 07 Jan 2026, 01:12 PM

Almondz Global Securities Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended December 31, 2025. The certificate, issued by Beetal Financial & Computer Services Pvt. Ltd., confirms that all share dematerialization requests were processed according to regulatory standards. It verifies that physical certificates were mutilated and cancelled, and the depositories' names were updated in the register of members within the 15-day timeframe. This is a standard procedural filing required for all listed entities in India.

Compliance certificate submitted for the quarter ended December 31, 2025.
RTA confirmed that dematerialization requests were processed and listed on stock exchanges.
Physical share certificates were mutilated and cancelled within the mandatory 15-day period.
The filing confirms adherence to SEBI (Depositories and Participants) Regulations, 2018.

💡 This is a routine regulatory disclosure with no impact on company fundamentals. No specific action is required from investors.

Almondz Global Securities Announces Trading Window Closure from Jan 1, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 26 Dec 2025, 11:22 AM

Almondz Global Securities Limited has announced the closure of its trading window starting January 1, 2026, in compliance with SEBI (Prohibition of Insider Trading) Regulations. This closure is ahead of the declaration of the company's un-audited financial results for the quarter ending December 31, 2025. The window will remain closed for all designated persons and their immediate relatives until 48 hours after the results are made public. The specific date for the board meeting to approve these results will be announced at a later date.

Trading window closure begins on January 1, 2026, for the quarter ending December 31, 2025.
Restriction applies to all insiders, designated persons, and their immediate relatives.
Trading window will reopen 48 hours after the official declaration of un-audited financial results.
The board meeting date for financial result consideration is yet to be announced.

💡 This is a routine regulatory filing with no direct impact on stock fundamentals. Investors should await the announcement of the board meeting date to assess the company's quarterly performance.

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💰 Financial Performance

Revenue Growth by Segment

Consultancy and Advisory fees grew to INR 127.21 Cr (85.05% of total revenue), Wealth Advisory/Broking activities contributed INR 20.29 Cr (13.57%), and Debt/Equity market operations provided INR 1.53 Cr (1.02%). Q2 FY26 consolidated revenue was INR 34.00 Cr, a 6.25% increase from INR 32.00 Cr in Q1 FY26.

Geographic Revenue Split

The company primarily operates in India, with a strategic focus on expanding into Northeast India for infrastructure advisory and renewable energy projects. Specific regional percentage splits are not disclosed.

Profitability Margins

Net Profit Margin significantly moderated to 6.34% in FY25 from 56.65% in FY24, an 88.8% YoY decline. Return on Net Worth also dropped to 1.33% from 13.07% YoY. Q2 FY26 profit was INR 3.86 Cr, down 44.3% from INR 6.93 Cr in Q1 FY26.

EBITDA Margin

Consolidated Profit Before Tax (PBT) was INR 20.27 Cr on a total income of INR 151.37 Cr, representing a PBT margin of 13.39%. Standalone PBT was INR 2.97 Cr.

Capital Expenditure

Historical and planned capital expenditure figures in INR Cr are not disclosed in the available documents.

Credit Rating & Borrowing

CARE Ratings assigned a 'Stable' outlook, noting a moderate financial risk profile. Debt-Equity Ratio increased to 0.13 in FY25 from 0.02 in FY24, indicating a 550% increase in leverage to support subsidiary operations.

⚙️ Operational Drivers

Raw Materials

Primary inputs for the Green Fuel/Distillery segment (via PGIPL JV) include agricultural feedstocks such as grains and molasses for ethanol production. These represent the core cost for the distillery division.

Import Sources

Not disclosed in available documents; however, sourcing is typically domestic within India for distillery operations.

Capacity Expansion

The company is ramping up operations in subsidiary companies and expanding into new sectors like renewable/green energy advisory and social infrastructure. Specific unit capacities (MT/MW) are not disclosed.

Raw Material Costs

Not disclosed as a specific percentage of revenue, but profitability and cash generation are heavily derived from the green fuel business through Premier Green Innovations Private Limited (PGIPL).

Manufacturing Efficiency

Not disclosed; the company operates primarily in advisory and consultancy services rather than traditional manufacturing.

📈 Strategic Growth

Growth Strategy

Growth is targeted through geographic expansion into Northeast India and sectoral diversification into social infrastructure, renewable/green energy advisory, and smart mobility. The company is also utilizing a 'Scheme of Arrangement' to restructure for sustainable corporate growth.

Products & Services

Infrastructure consultancy reports, ethanol/green fuel (via JV), stock broking services, wealth management advisory, merchant banking, and healthcare advisory services.

Brand Portfolio

Almondz, Almondz Global Securities, Almondz Global Infra, Almondz Finanz, Skiffle Advisory Services (formerly Skiffle Healthcare).

New Products/Services

Expansion into renewable/green energy advisory and smart mobility services is expected to contribute to future revenue growth.

Market Expansion

Targeting Northeast India and difficult geographies for public sector infrastructure projects.

Strategic Alliances

Key joint ventures include Premier Green Innovations Private Limited (PGI) for ethanol and the AGICL & AGSL WASH JV for infrastructure projects.

🌍 External Factors

Industry Trends

The industry is shifting toward green energy (ethanol blending) and urban renewal (smart mobility). Almondz is positioning itself as a major player in the ethanol space through its PGI joint venture.

Competitive Landscape

Competes with other financial services firms and infrastructure consultancies; specific competitor names are not listed.

Competitive Moat

Durable advantages include a 20-year track record, established government relationships, and an integrated service model (merchant banking, PMS, and research) that provides a comprehensive client value proposition.

Macro Economic Sensitivity

Highly sensitive to government infrastructure spending and macroeconomic growth which drives capital market maturation.

Consumer Behavior

Increasing demand for green fuel and professional wealth management services is driving segment growth.

Geopolitical Risks

Operations in difficult geographies (Northeast India) expose the company to local regulatory and environmental risks.

⚖️ Regulatory & Governance

Industry Regulations

Operations are governed by SEBI’s Investment Adviser Regulations and Research Analyst norms, as well as Companies Act 2013 provisions for consolidated financial reporting.

Environmental Compliance

The company is heavily involved in green fuel (ethanol), aligning with national environmental goals for carbon reduction.

Taxation Policy Impact

The group reported a tax expense of INR 1.70 Cr for its associate PGIPL on a PBT of INR 23.70 Cr (approx. 7.2% effective rate). Standalone tax expense was negligible at INR 0.05 lakhs.

Legal Contingencies

Not disclosed in available documents; however, the company maintains a strong compliance culture to mitigate legal risks.

⚠️ Risk Analysis

Key Uncertainties

High dependence on the infrastructure consultancy segment (85% of revenue) and the green fuel business (primary profit generator) creates concentration risk.