Financial Performance Highlights

  • Revenue from Operations: ₹8,806.04 lakh for FY 2025-26 (compared to ₹0 in FY 2024-25)
  • Other Income: ₹0.08 lakh (compared to ₹247.33 lakh in FY 2024-25)
  • Total Expenses: ₹8,337.51 lakh (compared to ₹180.70 lakh in FY 2024-25)
  • Profit Before Tax: ₹468.61 lakh (compared to ₹20.33 lakh in FY 2024-25)
  • Tax Expense: ₹134.63 lakh (₹134.63 lakh current tax, ₹0.60 lakh deferred tax)
  • Profit After Tax: ₹333.98 lakh (compared to ₹18.93 lakh in FY 2024-25)
  • Proposed Transfer to General Reserves: ₹333.98 lakh
  • Dividend: No dividend recommended for FY 2025-26

Capital Structure Changes

  • Authorized Share Capital: Increased from ₹7 crore to ₹77 crore divided into:
  • 7,65,00,000 Equity Shares of ₹10 each
  • 50,000 Cumulative Preference Shares of ₹100 each
  • Preferential Warrant Issue: 7,00,00,000 Fully Convertible Equity Warrants issued at ₹16 each
  • Equity Share Allotments:
  • 2,18,30,000 Equity Shares on 29.12.2025
  • 73,95,000 Equity Shares on 01.01.2026
  • 2,59,50,000 Equity Shares on 19.01.2026
  • 37,00,000 Equity Shares on 20.01.2026
  • 1,11,25,000 Equity Shares on 16.02.2026
  • Paid-up Share Capital: Increased from ₹5,99,50,000 (59,95,000 shares) to ₹75,99,50,000 (7,59,95,000 shares)
  • Securities Premium: ₹4,200.00 lakh received on share issuances

Board of Directors Changes

  • Current Board:
  • Pratikkumar Bharatbhai Patel (Managing Director, DIN: 11211517)
  • Suchitkumar Bipinchandra Patel (Executive Director, DIN: 11211454)
  • Sanjay Singhadiya (Non-Executive Director, DIN: 10932178)
  • Rajat Goel (Independent Director, DIN: 08228413)
  • Richa Arora (Independent Director, DIN: 10774144)
  • Saurabh (Independent Director, DIN: 10790325, appointed 17.04.2026)
  • Resignations:
  • Dinesh Kacharaji Mochi resigned on 02.09.2025
  • Varsha Rani resigned on 08.04.2025
  • Sharad Ratan resigned on 08.04.2025

36th Annual General Meeting Details

  • Date: September 30, 2026 at 4:30 PM IST
  • Mode: Video conferencing/other audio-visual means
  • Record Date: September 4, 2026
  • Ordinary Business:
  • Adoption of audited financial statements for FY 2025-26
  • Re-appointment of Mr. Suchitkumar Bipinchandra Patel as Executive Director
  • Special Business:
  • Regularization of appointment of Mr. Saurabh as Non-executive Independent Director
  • Shifting of registered office from South Delhi, Delhi to Ahmedabad, Gujarat

Key Financial Ratios (as per SEBI LODR Regulation 34)

  • Current Ratio: 7.30
  • Debt-Equity Ratio: 0.09
  • Return on Equity Ratio: 5.53%
  • Inventory Turnover Ratio: 5.72
  • Trade Receivables Turnover Ratio: 3.23
  • Trade Payables Turnover Ratio: 33.15
  • Net Capital Turnover Ratio: 1.52
  • Net Profit Ratio: 0.04
  • Return on Capital Employed: 3.97%

Operational Highlights

  • Expanded presence into three new states
  • Added new farmers to customer base through field engagement programs
  • Launched Farmer Advisory Programs providing technical guidance to over 150 farmers
  • Reduced carbon footprint through energy-efficient manufacturing
  • Improved water usage efficiency by 18%
  • Introduced new eco-friendly agri-input products

Auditor Reports

  • Statutory Auditors: Marks & Co. (Chartered Accountants) issued a qualified opinion noting:
  • Lack of complete supporting documents for selected transactions and balances including GST, TDS, related party transactions
  • Balance confirmations for certain trade receivables, trade payables not available
  • Unable to verify whether accounting software had audit trail feature enabled throughout the year
  • Secretarial Auditor: SCS & Co. LLP issued an unqualified report with no adverse remarks

Compliance and Regulatory Matters

  • The company faced penalties totaling ₹1,18,000 imposed by stock exchanges, SEBI for capital market-related matters
  • No material orders passed by regulators or courts affecting going concern status
  • No frauds reported by auditors under section 143(12) of Companies Act, 2013
  • No pending litigations which would impact financial position

Corporate Governance

  • Board met 24 times during the financial year
  • Committees constituted: Audit Committee, Nomination and Remuneration Committee, Stakeholders Relationship Committee
  • Compliance with Secretarial Standards SS-1 and SS-2
  • Whistle Blower Policy/Vigil Mechanism in place
  • Risk Management Policy implemented

Related Party Transactions

  • Transactions with related parties were in the ordinary course of business and on arm's length basis
  • No material contract/arrangement/transactions with related parties
  • Details of related party transactions as per Indian Accounting Standard 24 included in notes to accounts

Employee Information

  • Total permanent employees: 6 as on March 31, 2026
  • Median remuneration of employees: Nil
  • No complaints of workplace sexual harassment during the year
  • Complied with Maternity Benefit Act, 1961

Forward-Looking Statements

  • Focus on scaling presence in new domestic and international markets
  • Investing in R&D for next-generation sustainable agri-solutions
  • Strengthening digital platforms for farmer engagement and supply chain efficiency
  • Enhancing stakeholder value through consistent financial performance