ADARSH PLANT PROTECT LTD.

Manufactures and sells plant protection products, classified within the pesticides and agrochemicals industry, with operations based in Gujarat (registered office at 604, GIDC, Vithal Udyognagar, Anand). FY26 revenue from operations was Rs 1,203.73 lakhs, down roughly 31% from Rs 1,749.70 lakhs in FY25, with the decline showing up consistently across quarters — Q2 FY26 revenue of Rs 362.91 lakhs fell ~30% year-on-year and Q3 FY26 revenue of Rs 257.01 lakhs fell ~33%. The company posted a marginal profit after tax of Rs 2.38 lakhs for FY26 against a small loss the prior year, but other equity remained deeply negative at Rs (962.52) lakhs, operating cash flow was negative, and current borrowings had risen to Rs 544.13 lakhs by H1 FY26. Materials cost is the dominant expense at 67.9% of revenue, with employee costs at 7.8%, other operating expenses at 17.3% and depreciation at 4.4%. The fiscal year-end results are audited by Mukund & Rohit, who issued an unmodified opinion with an emphasis of matter on unquantified impacts of new Labour Codes on employee benefits.