Best Agrolife Q2 Results, CFO Change, ESOP Approval

Change in Director / Key Managerial Personnel

Nature of change: Change in designation and new appointment

Vikas Jain:

• Change in designation from Chief Financial Officer to Vice President - Business Operations
• Effective date: 30 October 2026
• Ceased to be Chief Financial Officer and Key Managerial Personnel
• DIN: Not provided in disclosure
• Brief profile: Chartered Accountant and Executive MBA from Indian School of Business (ISB) with nearly two decades of experience, including stints at PwC and KPMG. During his 13-year tenure at Adama (part of Syngenta Group), he served as CFO for 6.5 years, leading finance, strategy, tax, treasury, legal, and IT functions.
• Relationship with other directors: Not Applicable

Sanjeev Bajaj:

• Appointment as Chief Financial Officer of the company
• Effective date: 30 October 2026
• Assumed office of Key Managerial Personnel (as CFO)
• Brief profile: Seasoned Chartered Accountant with nearly two decades of extensive experience across financial reporting, group consolidation, controllership, audit, finance transformation, and regulatory compliance. Expertise in Ind AS reporting, internal controls, budgeting, M&A accounting, SAP transformation, and financial governance. Significant experience in agrochemical industry with over six years in leadership roles at PI Industries. Previously spent nearly nine years with Price Waterhouse leading audit and assurance engagements for prominent listed Indian companies and multinational corporations.
• Relationship with other directors: Not disclosed

Key Financial or Operational Approvals

Financial Results Approval:

• Board considered and approved un-audited financial results (both consolidated and standalone) for the quarter and half-year ended 30 September 2026
• Limited Review Report issued by M/s Walker Chandiok & Co LLP, Chartered Accountants, statutory auditor of the company

Employee Stock Options:

• Approved proposal for grant of Employee Stock Options pursuant to Best Agrolife Employee Stock Option Scheme 2024
• Subject to obtaining revised in-principal approval from BSE Limited and National Stock Exchange of India Limited
• Actual grant of options to be undertaken subsequently by Nomination Remuneration Committee upon receipt of requisite approvals and completion of applicable compliances

Strategic or Business Context

No specific business outlook, risks, trends, or strategic commentary provided in the disclosure beyond the approval of financial results and management changes.

Any Other Material Information

Authority for Materiality Determination:

The following Key Managerial Personnel authorized for determining materiality of events/information:

1. Mr. Vimal Kumar (Managing Director)

2. Mr. Sanjeev Bajaj (Chief Financial Officer)

Authority for Disclosure:

The following Key Managerial Personnel authorized for disclosure of material events/information:

1. Mr. Vimal Kumar (Managing Director)

2. Mrs. Aarti Arora (Company Secretary & Compliance Officer)

Meeting Details:

• Board meeting held on Friday, 30 October 2026
• Meeting commenced at 3:45 PM and concluded at 6:00 PM

Documents Submitted:

1. Press Release

2. Un-Audited Standalone Financial Results for quarter and half-year ended 30 September 2026

3. Un-Audited Consolidated Financial Results for quarter and half-year ended 30 September 2026

4. Limited Review Report on un-audited financial results (standalone and consolidated)

Company Information:

• Scrip ID: BESTAGRO
• Registered Office & Corporate Office: B-4, Bhagwan Dass Nagar, East Punjabi Bagh, New Delhi-110026