Narmada Agrobase Limited has informed the Exchange regarding Outcome of Board Meeting held on August 06, 2025.
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The Board of Narmada Agrobase met on August 6, 2025 and approved the unaudited financial results for the quarter ended June 30, 2025. Statutory auditor Jain Kedia & Sharma issued an unmodified (clean) limited review report on the results, with no qualifications. Two Independent Directors – Mr. Gaurav Dineshkumar Agarwal and Mrs. Nidhi Dineshbhai Patel – resigned citing personal reasons, effective the same day. To fill the vacancies, the Board appointed Mr. Deepak Soni (Chartered Accountant) and Mrs. Shweta Vivek Nathwani (B.Com, registered Independent Director) as Additional Independent Directors, subject to shareholder approval, and also reconstituted its committees. A note in the results confirms that EPS for prior periods has been restated to factor in the bonus element of a rights issue made during Q4 FY25.
This is a routine quarterly results filing with a clean auditor's review, so the numbers carry no red flags. The director churn (two resignations, two replacements) is administrative but worth tracking for governance continuity. The EPS restatement is a technical adjustment linked to the recent rights issue and does not reflect a change in business performance.