Narmada Agrobase Limited has informed the Exchange regarding Board meeting held on August 06, 2025.
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Narmada Agrobase Limited's Board met on August 6, 2025 and approved the unaudited standalone financial results for Q1 FY26 (quarter ended June 30, 2025). Revenue from operations for the quarter stood at around ₹37.92 crore versus ₹13.55 crore in Q1 FY25, indicating very strong year-on-year growth of roughly 180%. Net profit for the quarter was about ₹1.02 crore. Statutory auditors Jain Kedia & Sharma issued an unmodified (clean) limited review report on the results. The Board also accepted the resignations of two Independent Directors, Mr. Gaurav Dineshkumar Agarwal and Mrs. Nidhi Dineshbhai Patel, citing personal reasons, and appointed Mr. Deepak Soni (Chartered Accountant) and Mrs. Shweta Vivek Nathwani as Additional Independent Directors in their place. Board committees were reconstituted accordingly.
Strong topline growth in Q1 FY26 is a positive signal for the cotton seed and cattle feed maker, though shareholders should watch whether this scale of growth is sustainable. The simultaneous exit and replacement of two Independent Directors is a governance change that investors may want to track for board continuity and committee composition.