Board Meeting Details

The Board of Directors meeting was held on Friday, October 30, 2026, at the registered office of the Company at 309, Shanti Mall, Satadhar Char Rasta, Opp. Navrang Tower, Sola Road, Ahmedabad, Gujarat, 380061. The meeting commenced at 15:30 P.M. and concluded at 16:00 P.M.

Items Approved

The Board considered and approved the unaudited financial results of the company for the quarter/half year ended September 30, 2026, along with limited review reports obtained from the Auditor of the Company.

Financial Results Overview (Amount in ₹ Lakhs)

Quarterly Performance (Q2 FY27 vs Q2 FY26)
  • Revenue from Operations: ₹1,504.63 (vs ₹3,084.65 in Q2 FY26)
  • Total Income: ₹1,509.52 (vs ₹3,087.27 in Q2 FY26)
  • Total Expenses: ₹1,874.27 (vs ₹2,731.39 in Q2 FY26)
  • Profit Before Tax: (₹364.75) loss (vs ₹355.89 profit in Q2 FY26)
  • Total Tax Expenses: ₹2.39 (vs ₹10.68 in Q2 FY26)
  • Profit for the Year: (₹367.14) loss (vs ₹345.21 profit in Q2 FY26)
  • Earnings Per Share (Basic and Diluted): (₹1.83) loss (vs ₹1.72 profit in Q2 FY26)
Half-Yearly Performance (H1 FY27 vs H1 FY26)
  • Revenue from Operations: ₹4,803.31 (vs ₹6,161.61 in H1 FY26)
  • Total Income: ₹4,820.57 (vs ₹6,164.38 in H1 FY26)
  • Total Expenses: ₹4,877.62 (vs ₹5,326.50 in H1 FY26)
  • Profit Before Tax: (₹57.05) loss (vs ₹837.88 profit in H1 FY26)
  • Total Tax Expenses: ₹1.62 (vs ₹22.43 in H1 FY26)
  • Profit for the Year: (₹58.67) loss (vs ₹815.45 profit in H1 FY26)
  • Earnings Per Share (Basic and Diluted): (₹0.29) loss (vs ₹4.06 profit in H1 FY26)

Balance Sheet Position (as at September 30, 2026)

  • Total Assets: ₹14,032.94 lakhs (vs ₹13,309.67 lakhs as at March 31, 2026)
  • Equity Share Capital: ₹2,005.20 lakhs (unchanged)
  • Other Equity: ₹7,184.79 lakhs (vs ₹7,248.19 lakhs as at March 31, 2026)
  • Total Equity: ₹9,189.99 lakhs (vs ₹9,253.39 lakhs as at March 31, 2026)
  • Non-Current Liabilities: ₹854.23 lakhs (vs ₹104.03 lakhs as at March 31, 2026)
  • Current Liabilities: ₹3,988.72 lakhs (vs ₹3,952.25 lakhs as at March 31, 2026)

Cash Flow Statement (Half-Year ended September 30, 2026)

  • Net Cash from Operating Activities: (₹834.88) lakhs
  • Net Cash used in Investing Activities: (₹104.77) lakhs
  • Net Cash from Financing Activities: ₹557.95 lakhs
  • Net Decrease in Cash and Cash Equivalents: (₹381.69) lakhs
  • Cash and Cash Equivalents at period end: ₹230.61 lakhs (comprising Cash on Hand: ₹2.90 lakhs, Current Accounts: ₹208.47 lakhs, Term Deposit: ₹19.24 lakhs)

Auditor's Review

Bhagat & Associates, Chartered Accountants (FRN: 101100W), issued a limited review report with an unmodified opinion. The review was conducted in accordance with SRE 2410 and nothing came to their attention that causes them to believe that the financial results contain any material misstatement.

Additional Information

  • The company operates in one major product segment: Seed Cultivation, processing and trading.
  • Investor complaints: Opening unresolved - NIL, Received during the quarter - NIL, Resolved during the quarter - NIL, Balance unresolved at the end of the quarter - NIL.
  • Figures have been regrouped/rearranged wherever necessary.
  • The financial results were reviewed by the Audit Committee and approved by the Board of Directors.