Financial Performance Highlights

  • Receipts/Income: ₹105.15 lakhs (Previous year: ₹83.70 lakhs)
  • Profit before Taxes: ₹26.96 lakhs (Previous year: loss of ₹31.10 lakhs)
  • Current Tax: ₹13.68 lakhs
  • Deferred Tax: (₹0.14 lakhs)
  • Profit after Taxes: ₹13.42 lakhs (Previous year: loss of ₹30.50 lakhs)
  • Revenue from Operations: ₹4.33 lakhs from sale of paddy seeds (Previous year: ₹7.71 lakhs)
  • Share Capital: ₹440.02 lakhs (unchanged)
  • No dividend recommended for the financial year
  • No amount transferred to reserves

Key Financial Position (as of 31 March 2026)

  • Total Assets: ₹12,40,24,755
  • Non-Current Assets: ₹1,03,09,799 (including Property, Plant & Equipment: ₹12,82,473; Deferred Tax Assets: ₹90,27,326)
  • Current Assets: ₹11,37,14,956 (including Investments: ₹3,29,68,476; Loans to Vedavaag Systems Ltd: ₹2,25,00,000; Cash & Cash Equivalents: ₹5,61,74,419)
  • Equity: ₹12,15,75,975
  • Liabilities: ₹24,48,780

AGM Details

  • Date: 29 September 2026
  • Time: 11:30 AM
  • Mode: Video Conferencing/Other Audio-Visual Means (VC/OAVM)
  • Record Date: 22 September 2026
  • Remote e-voting period: 26 September 2026 (9:00 AM) to 28 September 2026 (5:00 PM)

AGM Agenda Items

Ordinary Business

1. Adoption of audited financial statements for FY 2025-26 with reports of Statutory Auditors, Secretarial Auditors and Directors

Special Business

2. Regularization of Mr. Kodanda Ram Babu Punukollu (DIN: 00069047) as Independent Director for term 30 September 2025 to 29 September 2028

3. Regularization of Mr. Shashank Vaidya (DIN: 03062791) as Independent Director for term 30 September 2025 to 29 September 2028

4. Regularization of Mrs. Vidya Sobhanaditya Jonnalagadda (DIN: 06685501) as Independent Director for term 18 October 2025 to 17 October 2030

5. Regularization of Mr. Rajendra Naniwadekar (DIN: 00032107) as Director

6. Confirmation of appointment of Mr. Rajendra Naniwadekar as Managing Director for term 15 December 2025 to 14 December 2030

Board Composition Changes

New Appointments during FY 2025-26:

  • Mr. Kodanda Ram Babu Punukollu as Independent Director (from 30 September 2025)
  • Mr. Shashank Vaidya as Independent Director (from 30 September 2025)
  • Mrs. Vidya Sobhanaditya Jonnalagadda as Independent Director (from 18 October 2025)
  • Mr. Rajendra Naniwadekar as Managing Director (from 15 December 2025)

Resignations during FY 2025-26:

  • Mr. Pranav Kapur, Executive Director (resigned 18 October 2025)
  • Ms. Chandani Kapur, Executive Director and CFO (resigned 18 October 2025)
  • Ms. Mannu Kohli, Non-Executive Independent Director (resigned 18 October 2025)
  • Mr. Sunny Srivastava, Non-Executive Independent Director (resigned 18 October 2025)
  • Mr. Naren Parsai, Non-Executive Independent Director (resigned 18 October 2025)
  • Mr. Pritam Kapur (resigned 15 December 2025)

Current Board Composition (as of 31 March 2026)

1. Mr. Rajendra Naniwadekar - Managing Director

2. Mr. Kodanda Ram Babu Punukollu - Non-Executive Independent Director

3. Mr. Shashank Vaidya - Non-Executive Independent Director

4. Mrs. Vidya Sobhanaditya Jonnalagadda - Non-Executive Independent Director

5. Mr. Ravi Shankar Kolathur - Non-Executive Independent Director

Key Managerial Personnel

  • Mr. Suresh Srinivasan - Chief Financial Officer
  • Ms. Neha Mittal - Company Secretary & Compliance Officer

Shareholding Pattern (as of 31 March 2026)

  • Total Shares: 44,00,200 equity shares of ₹10 each
  • Promoter Holding: 25.35% (11,15,428 shares by Rajendra Naniwadekar)
  • Public Holding: 74.65%
  • Dematerialized Holdings: 57.53%
  • Physical Holdings: 42.47%

Registrars & Share Transfer Agents

KFIN Technologies Limited, Hyderabad

Statutory Auditors

M/s Anant Rao & Mallik, Chartered Accountants (appointed until 39th AGM)

Secretarial Auditors

M/s GR Gupta & Associates, Company Secretaries (appointed for FY 2025-26 to 2029-30)

Important Dates

  • Book Closure: 23 September 2026 to 29 September 2026 (both days inclusive)
  • E-voting Cut-off: 22 September 2026
  • AGM Date: 29 September 2026

Compliance Status

  • No material orders from regulators/courts impacting going concern status
  • No outstanding public deposits
  • No related party transactions during the year
  • Adequate internal financial controls in place
  • Company outside purview of Corporate Social Responsibility requirements

Business Update

  • Company continues in hybrid seeds business but volumes declined considerably
  • Management exploring opportunities in agri and other sectors due to high technology barriers in seed industry
  • Only two employees currently, with executive director handling statutory requirements
  • Main business risk remains dependence on monsoon patterns affecting seed demand