Annual Report for the financial report 2024-25
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Harshil Agrotech Ltd (formerly Mirch Technologies India Ltd) has submitted its Annual Report for FY 2024-25 and the notice for its 52nd Annual General Meeting scheduled for Sunday, September 28, 2025, at its registered office in Ahmedabad. Key agenda items include adoption of the audited financial statements for FY ended March 31, 2025, re-appointment of Managing Director Pankajkumar Patel (retiring by rotation), and appointment of M/s. Marks & Co. (FRN 139476W) as new Statutory Auditors for a 5-year term up to FY 2029-30. The company is also proposing to increase its Authorized Share Capital from Rs. 75 crore to Rs. 100 crore and to issue bonus shares in the ratio of 10:32 (10 bonus shares for every 32 held), capitalizing Rs. 22.22 crore from the Securities Premium Account. Additionally, two new Independent Directors — Ms. Saloni Mehra and Mr. Naveen Sharma — and new Secretarial Auditors M/s. Jitesh Patel & Associates are being appointed for 5-year terms.
The bonus share issue (10 for every 32 held) is the most material event and typically lifts short-term sentiment, though it is value-neutral in the long run as share count grows by roughly 31%. The change of statutory auditor to a new firm and increase in authorized capital are routine corporate housekeeping and don't directly affect existing shareholders.