Agri-Tech (India) Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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Agri-Tech (India) Limited submitted its audited standalone results for the quarter and year ended March 31, 2026. Full-year revenue from operations rose about 54% to Rs 27.81 lakhs (from Rs 18.02 lakhs), but the company continued to post a net loss of Rs 94.08 lakhs versus Rs 111.25 lakhs a year ago, with EPS at Rs (1.45). The statutory auditor issued a qualified opinion, flagging that the company has not charged interest on inter-corporate loans/advances (breach of Section 186) and has not measured the related financial assets at fair value under Ind AS 109 — the impact remains unascertainable as the matter is sub judice in the Supreme Court. A separate emphasis-of-matter paragraph highlights that loans to related parties are outstanding for a prolonged period, with ultimate recovery dependent on the court ruling. Related-party exposure is sizeable: loans/advances of Rs 8,790.68 lakhs are outstanding to three companies and the company has mortgaged its land to secure Rs 4,360 lakhs of borrowings for a related company. The company also had a mid-year auditor change — the previous auditor resigned on 12 February 2026 and K.P. Sahasrabudhe & Co. was appointed in his place. Operating cash flow was negative, leading to a Rs 14.87 lakhs decline in cash balances during the year.
Despite modest revenue growth and a narrower loss, the qualified audit opinion, prolonged and large related-party loan exposure (nearly 90% of total assets), mid-year auditor resignation, and negative operating cash flow point to significant asset-recovery and governance concerns that shareholders should weigh carefully. The company technically passes the auditor's one-year going-concern test, but the outcome of the Supreme Court case on related-party loans is a key swing factor for the stock.