Announcement Under Regulations 30 (LODR)-Updates (Appointment of Internal Auditor)
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Hindustan Agrigenetics Ltd reported a turnaround in FY26 with Profit After Tax of Rs. 13.42 Lacs compared to a loss of Rs. 30.50 Lacs in FY25. Total revenue increased 25.6% to Rs. 105.15 Lacs from Rs. 83.70 Lacs, driven mainly by other income (Rs. 91.60 Lacs vs Rs. 58.14 Lacs). The company sold agricultural land for Rs. 13.32 Lacs, contributing to exceptional gains. Q4 FY26 however showed a loss of Rs. 41.22 Lacs, though better than Q4 FY25's loss of Rs. 51.61 Lacs. The Board also appointed Mr. V. R. Sridharan as Internal Auditor for FY 2026-27. Statutory auditors ANANT RAO & MALLIK issued an unmodified (clean) audit opinion on the standalone financial statements.
The company recovered from losses in FY26, with EPS improving from Rs. -0.69 to Rs. 0.30. However, investors should note the heavy reliance on other income rather than core operations and the Q4 loss, which may raise concerns about operational sustainability.