Outcome of the Board Meeting held today i.e. on 4th February 2026
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Awaiting price reaction for this filing.
The Board of JK Agri Genetics approved the unaudited standalone and consolidated financial results for the quarter and nine months ended 31st December 2025, which were reviewed by Lodha & Co LLP. Revenue from operations stood at Rs. 14,010.24 lakhs for Q3 FY26 versus Rs. 13,463.18 lakhs in Q3 FY25, a modest increase. The company reported a net loss of approximately Rs. 81.64 lakhs for the quarter with an EPS of Rs. (1.76), compared to a profit in the prior-year quarter. The statutory auditors flagged an Emphasis of Matter regarding overdue trade receivables of Rs. 1,823.61 lakhs and a security deposit of Rs. 121.68 lakhs from Rajasthan State Seeds Corporation (RSSC), tied up in ongoing legal proceedings. No material provision has been made as management believes the amounts remain recoverable based on legal opinion.
Shareholders should note persistent losses and the significant outstanding receivable from RSSC that is currently under appeal in the Rajasthan High Court - an adverse ruling could pressure earnings further. The flat revenue growth combined with quarterly losses suggests operational challenges in the seed business.