Kaveri Seed Company Limited has informed the Exchange regarding Board meeting held on August 13, 2025.
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Kaveri Seed Company announced its Q1 FY26 (quarter ended June 30, 2025) unaudited standalone and consolidated financial results. Standalone revenue from operations rose to Rs. 94,510.78 lakhs from Rs. 80,808.31 lakhs in Q1 FY25, a growth of about 17%. Profit after tax was broadly flat at Rs. 28,555.30 lakhs versus Rs. 28,290.74 lakhs in the year-ago quarter. On a consolidated basis, revenue was Rs. 85,853.35 lakhs. The auditor flagged a material uncertainty regarding the going concern of one subsidiary, which has accumulated losses of Rs. 531.22 lakhs, a negative net worth of Rs. 489.29 lakhs, and current liabilities exceeding current assets by Rs. 523.37 lakhs. The board also approved the 38th AGM for September 23, 2025, with book closure from September 17-19, 2025, and appointed Dr. Madhushree Gundavaram and former NABARD chairman Dr. G.R. Chintala as directors, while re-appointing Dr. R.R. Hanchinal. M/s. L.D. Reddy & Co was appointed as Secretarial Auditor for five years.
Q1 results show decent revenue growth but flat profit growth, suggesting margin pressure. The going concern flag on a subsidiary is a minor concern but is not material to the parent company. The addition of high-profile directors strengthens governance, especially in agricultural finance and seed policy.