Outcome of the Board Meeting Held today i.e. on 29th October 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.5 pts less than Nifty Microcap 250 and 1.1 pts less than its Other Agricultural Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
The Board approved unaudited standalone and consolidated financial results for the quarter and half year ended 30th September 2025. On a standalone basis, the company reported a net loss of about Rs 510.85 lakhs for H1 FY26 against total income of Rs 2,021.01 lakhs. An exceptional item linked to the sale of agricultural land worth around Rs 6,120.97 lakhs has been recognised (visible in the consolidated results). The auditor (Lodha & Co LLP) issued an unqualified review report but included an Emphasis of Matter flagging overdue trade receivables of Rs 1,823.61 lakhs and a security deposit of Rs 121.68 lakhs from Rajasthan State Seeds Corporation (RSSC). The earlier arbitration award and a Section 34 application were dismissed against the company, and it has now filed an appeal before the Rajasthan High Court; management continues to treat the dues as recoverable based on legal opinion.
Standalone operations are loss-making and remain exposed to a large, disputed receivable from a state-owned seed body where legal rulings have gone against the company — a negative for shareholders. Consolidated numbers are supported by a one-time gain from the land sale, so core earnings visibility stays weak until the RSSC recovery situation is resolved.