Announcement under Regulation 30 (LODR)- Change in Directorate
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Awaiting price reaction for this filing.
Cropster Agro Ltd held a board meeting on August 14, 2025, where it adopted unaudited Q1 FY26 results showing revenue from operations of ₹5,101.52 lakhs (vs ₹4,049.70 lakhs in Q1 FY25) and profit after tax of ₹397.38 lakhs (up from ₹288.98 lakhs YoY), with EPS of ₹0.05 on a face value of ₹1. The board appointed Mr. Harendrasingh Chauhan as a Non-Executive Non-Independent Director and Ms. Sejalben Rakeshkumar Rathod as an Independent Director for a 5-year term. Mr. Pavankumar Ramsinh Verma was appointed as the new Chief Financial Officer with immediate effect. Additionally, Ms. Maya Devi resigned from her position as Non-Executive Director citing personal reasons. The statutory auditor (J. Singh & Associates) issued an unmodified review report on the financial results.
The simultaneous strengthening of the board with two new directors and appointment of a new CFO is a positive governance signal. Profit after tax grew meaningfully year-on-year, though revenue dipped versus the preceding Q4. The lone non-executive director resignation was for personal reasons and is unlikely to impact operations or stock price.