Outcome of Board Meeting dated 13th August 2025.
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The board approved unaudited standalone financial results for Q1 FY26 (quarter ended 30 June 2025). Revenue from operations came in at approximately Rs. 7,105 lakhs, nearly doubling from Rs. 3,552 lakhs in the same quarter last year. However, profit after tax fell sharply to Rs. 22.77 lakhs from Rs. 143.50 lakhs year-on-year, and EPS dropped to Rs. 0.07 from Rs. 0.29. The statutory auditor's limited review report included an emphasis-of-matter paragraph flagging the company's diversification into domestic sales of agro products, which accounted for 82.86% of total revenue from operations. The board also appointed M/s Kunal Sharma & Associates as Secretarial Auditor for a five-year term (FY 2025-26 to FY 2029-30), subject to shareholder approval, and scheduled the 37th AGM for 25 September 2025 via video conferencing. Separately, the company completed a rights issue in June 2025, allotting 3.55 crore equity shares at Rs. 13.90 each and raising about Rs. 49.38 crores.
Strong top-line growth is undermined by a steep fall in net profit, indicating thin margins in the new agro-products segment. Heavy revenue concentration in one new business line (82.86%) is a key risk flagged by auditors, and shareholders should track profitability and segmental sustainability in upcoming quarters.