1. Financial Results Approval

The Board approved the unaudited standalone and consolidated financial results for the quarter and half year ended 30th September 2026. The results were reviewed and recommended by the Audit Committee. The Limited Review Reports were issued by the company's statutory auditors, M/s. M. Bhaskara Rao & Co., Chartered Accountants. The financial results will be published in newspapers as per Regulation 47 of the Listing Regulations.

2. Interim Dividend Declaration

The Board declared an interim dividend of 250% (₹5 per equity share of face value ₹2 each) for the financial year 2026-27. The record date for determining shareholder eligibility is 06th November 2026. The dividend will be paid on or before 26th November 2026 to shareholders whose names appear in the Register of Members or in the records of the depositories as beneficial owners as on the record date.

3. Chief Financial Officer Appointment

The Board approved the appointment of Mr. M. Bhanu Prakash as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of the company with effect from 28th October 2026. The appointment was based on the recommendations of the Nomination and Remuneration Committee and the Audit Committee.

Mr. Muppasani Bhanu Prakash is an accomplished finance professional with 26 years of overall professional experience, including 21 years of post-qualification experience as a Chartered Accountant. He has worked across diverse sectors including agriculture and seeds, cement, batteries, insurance, manufacturing and services. His previous professional associations include Kaveri Seed Company Limited, Kalburgi Cement Private Limited (Vicat Group), Amara Raja Batteries Limited and Cholamandalam MS General Insurance. His areas of expertise include strategic financial planning, budgeting, treasury, working capital management, taxation, financial controls, risk management, corporate governance and regulatory compliance. He has also contributed to ERP implementation, process improvements, MIS automation, Ind AS transition and GST implementation. He is a Chartered Accountant (ACA), a Company Secretary (ACS) and holds a Master of Commerce (M.Com) degree.

4. International Expansion via Wholly Owned Subsidiaries

The Board approved the proposal for incorporation of wholly owned subsidiaries in eight countries, subject to applicable statutory and regulatory approvals and compliance with the laws of the respective countries.

The proposed subsidiaries will primarily focus on:

  • Obtaining product registrations in the company's name
  • Conducting research for seed and vegetable crops
  • Facilitating the marketing and distribution of the company's products in the respective countries
  • Where applicable, obtaining licences for genetically modified organism (GMO) traits from relevant technology providers, subject to applicable laws and regulatory requirements

The proposed incorporation is intended to strengthen the company's international presence, facilitate market development and support the company's long-term business growth in overseas markets.