Financial Performance Summary (FY 2025-26)
Income Statement:
- Total Income: ₹105.15 lakhs (Previous year: ₹83.70 lakhs)
- Profit Before Tax: ₹26.96 lakhs (Previous year: loss of ₹31.10 lakhs)
- Current Tax: ₹13.68 lakhs
- Deferred Tax: (₹0.14 lakhs)
- Net Profit: ₹13.42 lakhs (Previous year: loss of ₹30.50 lakhs)
Balance Sheet Highlights (as of 31.03.2026):
- Share Capital: ₹440.02 lakhs (44,00,200 equity shares of ₹10 each)
- Other Equity: ₹775.74 lakhs
- Total Equity: ₹1,215.76 lakhs
- Non-Current Assets: ₹103.10 lakhs (including Property, Plant & Equipment of ₹12.82 lakhs and Deferred Tax Assets of ₹90.27 lakhs)
- Current Assets: ₹1,137.15 lakhs (including Investments of ₹329.68 lakhs, Loans of ₹225.00 lakhs, Cash & Cash Equivalents of ₹561.74 lakhs)
- Total Assets: ₹1,240.25 lakhs
Operational Performance:
- Revenue from Operations: ₹4.33 lakhs from sale of paddy seeds (Previous year: ₹7.71 lakhs)
- Other Income: ₹100.82 lakhs (primarily from interest income and investment gains)
Director Appointments Requiring Shareholder Approval
The Notice of AGM contains six items of business, including five special resolutions for director appointments:
1. Mr. Kodanda Ram Babu Punukollu (DIN: 00069047) - Appointment as Independent Director for three years from 30.09.2025 to 29.09.2028
2. Mr. Shashank Vaidya (DIN: 03062791) - Appointment as Independent Director for three years from 30.09.2025 to 29.09.2028
3. Mrs. Vidya Sobhanaditya Jonnalagadda (DIN: 06685501) - Appointment as Independent Director for five years from 18.10.2025 to 17.10.2030
4. Mr. Rajendra Naniwadekar (DIN: 00032107) - Regularization as Director (appointed as Additional Director on 30.09.2025)
5. Mr. Rajendra Naniwadekar - Confirmation as Managing Director for five years from 15.12.2025 to 14.12.2030
All directors are receiving nil remuneration currently.
Annual General Meeting Details
- Date: 29th September 2026
- Day: Tuesday
- Time: 11:30 AM
- Mode: Video Conferencing/Other Audio-Visual Means only
- Cut-off date: 22nd September 2026
- E-voting period: 26th September 2026 (9:00 AM) to 28th September 2026 (5:00 PM)
- Register of Members closure: 23rd to 29th September 2026 (both days inclusive)
Corporate Governance and Board Structure
Current Board Composition (as of 31.03.2026):
- Mr. Rajendra Naniwadekar - Managing Director
- Mr. Kodanda Ram Babu Punukollu - Independent Director
- Mr. Shashank Vaidya - Independent Director
- Mrs. Vidya Sobhanaditya Jonnalagadda - Independent Director
- Mr. Ravi Shankar Kolathur - Independent Director
Key Managerial Personnel:
- Mr. Suresh Srinivasan - Chief Financial Officer
- Ms. Neha Mittal - Company Secretary and Compliance Officer
Board Meetings: 8 meetings held during FY 2025-26
Shareholding Pattern (as of 31.03.2026)
- Promoter & Promoter Group: 25.35% (11,15,428 shares)
- Public Shareholding: 74.65%
- Total Shares: 44,00,200 equity shares of ₹10 each
- Market Price (BSE): ₹43.51 (compared to public issue price of ₹10.00)
Major Shareholders (over 5%):
- Mr. Rajendra Naniwadekar: 11,05,928 shares (25.13%)
- Andhra Pradesh Industrial Development Co. Ltd: 3,71,400 shares (8.44%)
- Mr. Sumant Kapur: 2,23,600 shares (5.08%)
- Mrs. Gulshan B Kasmali: 2,37,350 shares (5.39%)
Business Operations and Outlook
- Company continues minimal operations in hybrid seeds business with declining volumes
- Revenue from operations decreased to ₹4.33 lakhs from ₹7.71 lakhs in previous year
- Management exploring opportunities in agriculture and other sectors due to high technology barriers in seed industry
- Company maintains liquid resources in bank fixed deposits and mutual funds
- Only two employees currently on rolls
Other Material Information
- No related party transactions during the year
- No loans, investments or guarantees under Section 186 of Companies Act
- No public deposits accepted or outstanding
- Company outside purview of Corporate Social Responsibility requirements
- No material orders passed by regulators/courts impacting going concern status
Important Dates and Compliance
- Financial statements adopted by Board on 30.05.2026
- Annual Report circulated to members electronically
- Physical copies available on request to registered email addresses
- Members must update PAN and bank details with Depository Participants