Key Financial Figures (FY 2025-26 vs. FY 2024-25)

  • Net Sales: ₹907.05 lakhs (₹1,407.84 lakhs in FY25) - Decrease of 34.13%
  • Total Income from Operations (Net): ₹1,090.25 lakhs (₹1,655.11 lakhs in FY25)
  • Profit/(Loss) Before Tax: (₹187.29) lakhs ( (₹104.83) lakhs in FY25)
  • Net Profit/(Loss) for the Period: (₹180.28) lakhs ( (₹99.15) lakhs in FY25)
  • EPS (Basic): (₹4.19) ( (₹2.31) in FY25)
  • Cash and Cash Equivalents: ₹2.37 lakhs (₹4.61 lakhs in FY25)
  • Trade Receivables: ₹1,639.10 lakhs (₹1,424.64 lakhs in FY25); 78.37% are over 6 months old.
  • Inventories: ₹827.84 lakhs (₹1,009.84 lakhs in FY25)
  • Borrowings (Current + Non-current): ₹2,049.32 lakhs (₹1,682.47 lakhs in FY25)
  • Reserves and Surplus: ₹26.93 lakhs (₹208.75 lakhs in FY25)

Performance Review & Operational Highlights

  • The decrease in turnover and increased losses were attributed to adverse market conditions: intense price competition, deficient rainfall impacting agricultural demand, market oversupply relative to demand, and delayed realizations of receivables.
  • The ratio of manufacturing expenses to sales increased to 82.25% (73.54% in FY25).
  • The company operates in two segments: Pesticides Formulations and Real Estate. It maintains an installed production capacity of 90,00,000 litres/kgs per annum for pesticides, with idle spare capacity.
  • The company received ₹138.00 lakhs during FY26 from M/s. Rasasri Developers Pvt. Ltd. as a settlement relating to the sale of house plots (inventory) from FY 2022-23.
  • A claim of ₹6,21,84,043.00 has been filed with the Interim Resolution Professional (IRP) of M/s. Siri Smelters & Energy Pvt. Ltd., which is under NCLT insolvency proceedings for failing to fulfil manufacturing obligations against supplied raw materials.
  • The company is evaluating a strategic diversification into construction and fabrication products.

Annual General Meeting (AGM) Details

  • Date & Time: Tuesday, September 29, 2026, at 12:15 P.M.
  • Location: Registered Office at Survey No.628, Temple Street, Bonthapally - 502 313, Gummadidala Mandal, Sangareddy District, Telangana.
  • Ordinary Business:
  • To adopt the Audited Financial Statements and Reports for FY 2025-26.
  • To reappoint Mr. K. Srinivasa Rao (DIN: 03334048) as a Director who retires by rotation.
  • Special Business (Special Resolution):
  • To approve leasing out the spare capacity manufacturing facilities of the company's factory to M/s. Tricom Agro Private Limited (CIN: U24120TG1995PTC021438).
  • Lease Tenure: 3 Years
  • Expected Rental Income: ₹1,08,00,000 per annum (subject to escalation)
  • Assets to be Leased: 32,420 Sft building & structures (out of 50,750 Sft) and associated Plant & Machinery located at Sy.No.628, Bonthapally.
  • Rationale: To utilize spare capacity and generate recurring revenue.
  • Record Date for E-Voting: Tuesday, September 22, 2026.
  • E-Voting Period: From 9:00 AM on Saturday, September 26, 2026, to 5:00 PM on Monday, September 28, 2026 (EVSN: 260828042).
  • Book Closure: From September 23, 2026, to September 29, 2026 (both days inclusive).

Capital Structure

  • Authorized Share Capital: ₹1,350.00 lakhs (1,35,00,000 equity shares of ₹10/- each)
  • Paid-up Share Capital: ₹430.02 lakhs (43,00,200 equity shares of ₹10/- each). No changes during the year.
  • Promoter Holding: 40.40% (17,37,309 shares)
  • Public Holding: 59.60%
  • Dematerialized Shares: 83.70% as of March 31, 2026.

Directors and Key Managerial Personnel (KMP)

  • Managing Director: Mr. Y. Nayudamma (DIN:00377721)
  • Executive Director: Mr. Y. Janaki Ramaiah (DIN:06949910)
  • Executive Director (w.e.f. 11-08-2025): Mr. Y. Sreemananrayana (DIN:11221068)
  • Director (w.e.f. 11-08-2025): Mr. K. Srinivasa Rao (DIN:03334048)
  • Independent Directors (w.e.f. 11-08-2025): Mr. N. Sudhakar (DIN:00426897) and others as listed.
  • Company Secretary & Compliance Officer: Mr. T.V. Satish Babu
  • Chief Financial Officer: Mr. B. Sambasiva Rao

Auditors

  • Statutory Auditors: M/s. Yelamanchi & Associates, Chartered Accountants (FRN:000041S). Their report is unmodified but highlights a Key Audit Matter regarding material uncertainty related to going concern due to consecutive losses and significant aged receivables.
  • Secretarial Auditors: M/s. Vijendra & Co., Company Secretaries.
  • Internal Auditors: M/s. R. B. Associates, Chartered Accountants (FRN: 009112S).

Related Party Transactions (RPTs)

All RPTs were in the ordinary course of business and at arm's length, approved by the Audit Committee. Key transactions:

  • Unsecured loans taken from Directors Mr. Y. Nayudamma (₹881.79 lakhs outstanding) and Mr. Y. Janaki Ramaiah (₹111.87 lakhs outstanding).
  • Rent paid to Mr. Y. Sreemannarayana (son of MD): ₹6.39 lakhs.
  • Receipt of ₹138.00 lakhs from M/s. Rasasri Developers Pvt. Ltd. (an entity where KMPs exercise significant influence).

Compliance Observations

As per the Secretarial Audit Report:

  • Delay of 11 minutes in submitting financial results for Q4 FY25 under Regulation 33.
  • Delay of 5 days in submitting the RTA certificate for Q3 FY26 under Regulation 74(5).
  • A penalty of ₹93,220 was paid to BSE in FY25 for a 79-day delay in appointing a qualified Company Secretary as Compliance Officer.

Other Disclosures

  • Dividend: No dividend recommended for FY26.
  • Corporate Social Responsibility (CSR): Not applicable to the company.
  • Deposits: The company did not accept any fixed deposits.
  • Loans/Guarantees/Investments: No loans, guarantees, or investments under Section 186 of the Companies Act, 2013.
  • Vigil Mechanism/Whistle Blower Policy: In place. No complaints were received during the year.
  • Sexual Harassment Committee: Constituted. No complaints were filed during the year.
  • Going Concern: The auditors' report emphasizes a material uncertainty regarding the company's ability to continue as a going concern, noting three consecutive years of losses, net worth erosion, and significant aged receivables. The financial statements have been prepared on a going concern basis.

Market Data (BSE)

  • Market Capitalization (as on 31-03-2026): ₹930.13 lakhs (₹1,244.91 lakhs on 31-03-2025)
  • Closing Share Price (as on 31-03-2026): ₹21.63 (₹28.95 on 31-03-2025)

Note: The financial impact of the proposed lease is estimated future rental income. The financial impact of the NCLT claim is contingent upon the outcome of the insolvency process.