Key Decisions and Approvals

The Board of Directors meeting commenced at 16:00 hrs and concluded at 19:25 hrs at the company's corporate office. The Board transacted the following items:

1. Approved unaudited financial results for the quarter ended June 30, 2026

2. Reviewed the Limited Review Report from statutory auditors K.C. Kankariya & Co. on the unaudited financial results

3. Approved and adopted the Directors Report with all necessary annexures, Management Discussion Analysis, and Corporate Governance Report for FY 2025-26

4. Approved the date, day and mode of the 36th Annual General Meeting to be held on Wednesday, September 30, 2026 at 4:00 PM at Krishi Sanjivani Office, Opp. Nagar Parishad, Akola - 444 001, Maharashtra

5. Determined that the register of Members and Share Transfer Books will remain closed from September 23, 2026 to September 30, 2026 (both days inclusive) for the purpose of AGM and dividend payout

6. Reappointed M/s. K.C. Kankariya & Co., Chartered Accountants, Mumbai (Firm Registration No. 104718W) and M/s P.C. Bhandari & Co., Chartered Accountants, Akola (Firm Registration No. 114079W) as joint Statutory Auditors for a second term of five consecutive years, subject to shareholder approval at the ensuing AGM

7. Appointed Mr. Raghav Khatod, Chartered Accountant, partner of M/s. Mehta Khatod Somani and Associates as scrutinizer for the 36th AGM voting process

8. Took on record the CFO certificate, Code of Conduct Certificate and Corporate Governance Certificate as of March 31, 2026

9. Took on record the status of Statutory Registers maintained under Companies Act, 2013

Financial Results for Quarter Ended June 30, 2026 (₹ in Lacs)

Income Statement:

  • Revenue from operations: ₹23,256.00 (vs. ₹17,640.73 in Q1 FY26)
  • Other Income: ₹4.18 (vs. ₹2.16 in Q1 FY26)
  • Total income: ₹23,260.18 (vs. ₹17,642.89 in Q1 FY26)

Expenses:

  • Cost of materials consumed: ₹15,982.35 (vs. ₹11,186.18 in Q1 FY26)
  • Changes in inventories: ₹2,526.61 (vs. ₹2,669.96 in Q1 FY26)
  • Employee benefits expense: ₹489.65 (vs. ₹420.46 in Q1 FY26)
  • Finance Costs: ₹437.30 (vs. ₹388.06 in Q1 FY26)
  • Depreciation and amortization: ₹199.25 (vs. ₹194.22 in Q1 FY26)
  • Other expenses: ₹3,299.06 (vs. ₹2,492.31 in Q1 FY26)
  • Total expenses: ₹22,934.22 (vs. ₹17,351.19 in Q1 FY26)

Profitability:

  • Profit from operations before tax: ₹325.96 (vs. ₹291.70 in Q1 FY26)
  • Tax expense: ₹44.06 (Current tax: ₹41.05, Deferred tax: ₹3.01)
  • Profit for the period: ₹281.90 (vs. ₹252.19 in Q1 FY26)
  • Earnings per share (basic and diluted): ₹0.31 (vs. ₹0.28 in Q1 FY26)

Comparative Figures:

  • March 31, 2026 (Audited): Profit ₹220.86, EPS ₹0.24
  • FY 2025-26 (Audited): Profit ₹701.04, EPS ₹0.77

Capital Structure:

  • Paid-up equity share capital (FV ₹1): ₹906.28 lacs (unchanged)
  • Reserves excluding revaluation reserves: ₹17,529.81 lacs (as of March 31, 2026)

Segment Reporting for Quarter Ended June 30, 2026 (₹ in Lacs)

Segment Revenue:

  • Fertilizer: ₹8,081.97 (vs. ₹7,688.64 in Q1 FY26)
  • Seeds: ₹9,187.38 (vs. ₹8,929.49 in Q1 FY26)
  • LABSA: ₹5,552.67 (vs. ₹683.50 in Q1 FY26)
  • Others: ₹1,135.58 (vs. ₹695.67 in Q1 FY26)
  • Total segment revenue: ₹23,957.60
  • Less: Inter-segment revenue: ₹701.60
  • Net sales/income from operations: ₹23,256.00

Segment Profit Before Tax & Interest:

  • Fertilizer: ₹386.11 (vs. ₹369.22 in Q1 FY26)
  • Seeds: ₹495.15 (vs. ₹475.99 in Q1 FY26)
  • LABSA: ₹50.12 (vs. ₹10.12 in Q1 FY26)
  • Others: ₹31.13 (vs. ₹18.65 in Q1 FY26)
  • Total: ₹962.51

Capital Employed:

  • Total segment assets: ₹46,814.29
  • Total segment liabilities: ₹28,096.29
  • Capital employed: ₹18,718.00

Auditor Review

K.C. Kankariya & Co. issued a limited review report stating that based on their review conducted in accordance with SRE 2410, nothing has come to their attention that causes them to believe that the accompanying statement contains any material misstatement. The review was conducted pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.