Board Meeting Details
The Board of Directors meeting was held on Friday, 29th May, 2026 from 04:00 pm to 07:00 pm at the registered office of the Company.
Agenda Items Approved
1. Approval of Audited Financial Results: Approved audited financial results and audit report for Q4 and year ended 31st March, 2026 (Annexure A)
2. Declaration on Unmodified Opinion: Declaration on unmodified opinion on the financial results (Annexure B)
3. SEBI Circular Compliance: Disclosure under SEBI Circular No. SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018 regarding fund raising by debt securities (Annexure C)
4. Rights Issue Proceeds: Statement on deviation or variation for proceeds of rights issue and statutory auditor certificate dated 29-05-2026 (Annexure D)
5. Stock Split Approval: Approved sub-division/split of 1 equity share of face value of ₹10 each into 2 equity shares of face value of ₹5 each, subject to shareholder and regulatory approvals
6. MOA Alteration: Approved alteration of capital clause of Memorandum of Association consequent to stock split
7. No Default Confirmation: Confirmed no default on loans and debt securities
Financial Results Highlights (₹ in Lakhs)
For Year Ended 31st March 2026:
- Total Revenue: ₹7,966.75
- Total Expenses: ₹7,446.16
- Profit Before Tax: ₹520.59
- Total Tax Expense: ₹134.86
- Profit for the Period: ₹385.73
- EPS (Basic & Diluted): ₹1.02
For Quarter Ended 31st March 2026:
- Total Revenue: ₹3,432.94
- Total Expenses: ₹3,327.24
- Profit Before Tax: ₹105.70
- Total Tax Expense: ₹40.19
- Profit for the Period: ₹101.35
- EPS (Basic & Diluted): ₹0.27
Balance Sheet Position as at 31st March 2026 (₹ in Lakhs)
- Total Assets: ₹6,646.41
- Current Assets: ₹5,874.63
- Equity Share Capital: ₹3,793.64
- Other Equity: ₹1,792.97
- Total Liabilities: ₹6,646.41
- Current Liabilities: ₹945.78
Stock Split Details
- Ratio: 1:2 (1 share of ₹10 subdivided into 2 shares of ₹5)
- Rationale: Enhance liquidity, make shares more affordable and accessible to wider investor base, increase trading volumes
- Pre-split Authorized Capital: ₹38,00,00,000 divided into 3,80,00,000 equity shares of ₹10 each
- Post-split Authorized Capital: ₹38,00,00,000 divided into 7,60,00,000 equity shares of ₹5 each
- Record Date: To be decided separately and intimated to exchanges
Rights Issue Proceeds Utilization
As per auditor certificate dated 29th May 2026:
- Total Proceeds: ₹3,658.15 lakhs
- Utilized: ₹2,888.15 lakhs
- Unutilized: ₹770.00 lakhs
Breakdown of Utilization:
- Capital Expenditure: ₹0 utilized (₹770.00 lakhs pending)
- Working Capital Requirements: ₹1,787.00 lakhs utilized
- General Corporate Purpose: ₹901.15 lakhs utilized
Auditor Reports
- Annual Results: Unmodified audit opinion for year ended 31st March 2026
- Quarterly Results: Limited review with no material misstatement conclusion for quarter ended 31st March 2026
- Rights Issue: Certificate confirming no deviation in use of proceeds from objects stated in prospectus
Additional Information
- The company operates in agriculture produces segment
- Previous year figures have been regrouped/rearranged where necessary
- EPS not annualized for quarterly results
- Part of rights issue proceeds temporarily invested in fixed deposits