Narmada Agrobase Limited has informed the Exchange regarding Board meeting held on February 13, 2026.
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Narmada Agrobase Limited's Board of Directors met on February 13, 2026 and approved the unaudited standalone financial results for the quarter and nine months ended December 31, 2025. The statutory auditors, Jain Kedia & Sharma, issued an unmodified limited review report on the results, indicating no concerns with the numbers presented. The company operates in a single segment — agricultural produce (delinter cotton seeds and cattle feed). For the nine-month period, revenue from operations stood at approximately Rs. 4,533 lakhs, down from about Rs. 6,568 lakhs in the same period last year, indicating a year-on-year revenue decline of roughly 31%. Profit after tax for the nine months was around Rs. 306 lakhs versus Rs. 331 lakhs previously, a modest decline. The company also confirmed that there is no deviation in the use of proceeds from its earlier Rights Issue, with Rs. 2,888 lakhs already utilised and Rs. 770 lakhs lying pending in a fixed deposit as of December 31, 2025.
For shareholders, this is a routine quarterly results filing with a clean audit opinion, which is positive for credibility. However, the significant year-on-year revenue decline of about 31% for the nine-month period is a concern, even though profits have held up relatively well. Investors should watch for management commentary on the reasons for the revenue contraction and outlook for the remaining quarter.