SUPER CROP SAFE LTD.

Operates in the pesticides and agrochemicals industry, generating FY26 revenue of ₹53.13 crore from its facility at the GIDC Estate, Phase-I, Naroda, Ahmedabad. The cost structure is dominated by materials at 79.3% of revenue, with employee costs at 6.0% and other operating expenses at 5.6%, leaving the business heavily exposed to raw material pricing. Capex was 0.0% of revenue in FY26. The statutory auditor flagged multiple serious concerns in the FY26 results, including ₹412.34 lakhs in unpaid statutory dues (PF, ESI, TDS, salary), over 48% of sales involving barter or related party transactions, and an explicit statement that these matters cast significant doubt on the company's ability to continue as a going concern. Q3 FY26 revenue grew roughly 36% year-on-year to ₹1,710.58 lakhs, but net profit for the quarter fell about 61% to ₹35.84 lakhs. Operating cash flow turned negative and cash reserves fell to ₹2.93 lakhs from ₹7.07 lakhs. To shore up capital, ~₹15.27 crore of unsecured loans from related parties were converted into equity through a preferential issue of 1,17,44,722 shares at ₹13 each to Wherrelz IT Solutions and Voltrix INC.