Agri-Tech (India) Limited (AGRITECH)
₹93.53 -2.76% last close, 16 Oct
Q2 FY27 results
Agri-Tech (India) Limited reported Q2 FY27 results on 12 Oct 2026: revenue ₹0.0 Cr (+53.3% year on year, -77.5% on the previous quarter), and net profit ₹-0.3 Cr (against a profit a year earlier); the operating margin was -589.3%.
| Q2 FY27 (₹ Cr) | Value | YoY vs Q2 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹0.0 | +53.3% | -77.5% |
| Operating profit | ₹-0.3 | loss widened | loss widened |
| Net profit | ₹-0.3 | to loss | loss widened |
| EPS (₹) | -0.51 | to loss | loss widened |
| Operating margin | -589.3% | — | — |
- Into loss: a profit a year ago
Share price since the results: -5.8% (close before the filing to the latest close).
AGRITECH delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 59.62% of the AGRITECH shares traded on NSE were taken to delivery, against the stock's own 20-session average of 59.42%. That is close to its usual level. Turnover was only ₹3 lakh, so a handful of trades can move this figure. It closed at a price band (circuit) on 2 sessions in about the last 20.
Delivery in the last 5 sessions: 29.6% · 52.0% · 31.3% · 28.6% · 59.6%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Agri-Tech (India) reported standalone revenue from operations of ₹4.60 lakh for the quarter ended September 30, 2026, dropping sharply from ₹20.40 lakh in the previous quarter. The company posted a net loss of ₹30.02 lakh for Q2 FY27 compared to a net profit of ₹2.41 lakh in Q2 FY26. For the half-year ended September 30, 2026, net loss expanded to ₹32.87 lakh on revenues of ₹25.00 lakh. Statutory auditors issued a qualified review report citing non-compliance with Section 186 and Ind AS 109 due to unprovided interest and unmeasured fair value on inter-corporate loans to Tech India Nirman Ltd, a matter pending before the Supreme Court.
- Revenue from operations fell to ₹4.60 lakh in Q2 FY27 from ₹20.40 lakh in Q1 FY27 and ₹3.42 lakh in Q2 FY26
- Net loss widened to ₹30.02 lakh in Q2 FY27 versus a profit of ₹2.41 lakh in Q2 FY26
- H1 FY27 revenue stood at ₹25.00 lakh with a total net loss of ₹32.87 lakh
- Auditors issued a qualified opinion over unquantified non-provisioning of interest on loans to Tech India Nirman Ltd (pending at Supreme Court)
- Loans & advances on the balance sheet stood at ₹8,876.37 lakh as of September 30, 2026, comprising roughly 88% of total assets
Agri-Tech (India) Limited conducted its 33rd Annual General Meeting on September 16, 2026, via video conferencing with 39 shareholders attending (13 promoters, 26 public). All 3 ordinary resolutions were passed with the requisite majority, including the adoption of FY26 financial statements, the re-appointment of Mrs. Jeevanlata Kagliwal as Director, and the appointment of a Statutory Auditor for a 5-year tenure (FY 2026-27 to FY 2030-31). The meeting commenced at 11:10 AM after a 10-minute delay to fulfill quorum requirements and concluded at 11:28 AM.
- All 3 ordinary resolutions passed with the requisite majority via remote e-voting and AGM voting
- Total of 39 shareholders attended via video conferencing (13 promoter group, 26 public)
- Statutory Auditor appointed for a period of 5 consecutive years from FY 2026-27 to FY 2030-31
- Meeting commenced at 11:10 AM after quorum fulfillment and concluded in 18 minutes at 11:28 AM
Agri-Tech (India) Limited has released its Notice for the 33rd Annual General Meeting (AGM) to be held via Video Conferencing on September 16, 2026. Key agenda items include the adoption of audited financial statements for FY2025-26, the re-appointment of retiring director Mrs. Jeevanlata Kagliwal, and the appointment of M/s. KP Sahasrabudhe & Co. as statutory auditors for a five-year term until 2031. The cut-off date for remote e-voting entitlement is fixed as September 4, 2026, with the voting window open from September 13 to September 15, 2026.
- 33rd Annual General Meeting scheduled for Wednesday, September 16, 2026, at 11:00 AM IST via Video Conferencing
- Shareholder voting cut-off date established as Friday, September 4, 2026
- Remote e-voting window open from September 13, 2026 (9:00 AM) to September 15, 2026 (5:00 PM)
- Proposed appointment of statutory auditors M/s. KP Sahasrabudhe & Co. for a 5-year term ending in 2031
The Securities and Exchange Board of India (SEBI) has appointed CNK & Associates LLP to conduct a forensic audit of Agri-Tech (India) Limited. The audit will examine the company's books and records for a six-year period spanning FY 2020-21 to FY 2025-26. This regulatory action comes at a time when the company reports negligible TTM revenue of Rs 0 Cr and a TTM loss of Rs -3 Cr, despite maintaining a net worth of Rs 99 Cr. The company has committed to full cooperation with the auditors, though the specific grounds for the audit were not detailed in the filing.
- Forensic audit covers a 6-year period from FY 2020-21 to FY 2025-26
- SEBI appointed CNK & Associates LLP as the forensic auditor via communication dated August 5, 2026
- Company reports TTM revenue of Rs 0 Cr against a market capitalization of Rs 65 Cr
- Net worth stands at Rs 99 Cr as of the latest financial context, despite consistent operational losses
- Audit will inter alia examine books of account and records for the specified period
Agri-Tech (India) Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the period ended June 30, 2026. The document, issued by Bigshare Services Pvt. Ltd., confirms that share certificates received for dematerialization were processed and cancelled within the mandated 15-day timeframe. This is a standard administrative filing ensuring that the company's share registry is accurately updated with depositories. No financial or operational changes were reported in this disclosure.
- Compliance certificate issued for the quarter ended June 30, 2026
- Confirmation that dematerialization requests were processed within 15 days of receipt
- Registrar and Share Transfer Agent (RTA) confirmed as Bigshare Services Pvt. Ltd.
- Verification that security certificates were mutilated and cancelled after due verification
Agri-Tech (India) Limited reported a narrowed net loss of ₹2.85 Lakh for the quarter ended June 30, 2026, compared to a loss of ₹10.18 Lakh in the same quarter last year. Revenue from operations grew to ₹20.40 Lakh from ₹11.53 Lakh YoY, though the company remains operationally small with a TTM revenue of nearly zero in previous cycles. The statutory auditor issued a qualified opinion due to non-recognition of interest on loans to Tech India Nirman Ltd, a matter currently pending before the Supreme Court. The company's Annual General Meeting is scheduled for September 16, 2026.
- Revenue from operations increased 76.9% YoY to ₹20.40 Lakh from ₹11.53 Lakh.
- Net loss narrowed significantly to ₹2.85 Lakh from ₹10.18 Lakh in the year-ago period.
- Total expenses for the quarter stood at ₹23.25 Lakh, slightly higher than ₹21.71 Lakh YoY.
- Auditor qualification remains regarding inter-corporate loans to Tech India Nirman Ltd where no interest is being charged.
- The company operates in a single segment: Horticulture Crops.
Agri-Tech (India) Limited has informed the exchanges that its trading window for dealing in company securities will be closed starting July 1, 2026. This action is in compliance with SEBI (Prohibition of Insider Trading) Regulations for the upcoming Q1 financial results ending June 30, 2026. The window will remain closed until 48 hours after the results are declared. The specific date for the board meeting to approve these results will be announced at a later time.
- Trading window closure commences on July 1, 2026, for all designated persons.
- Closure is related to the finalization of unaudited financial results for the quarter ending June 30, 2026.
- The restriction will be lifted 48 hours after the official declaration of the quarterly results.
- The board meeting date for result approval is currently pending and will be intimated separately.
Agri-Tech (India) Limited has recommended the appointment of M/s. KP Sahasrabudhe & Co. as Statutory Auditors for a 5-year term, subject to shareholder approval. The Board also approved M/s. P A Agrawal & Associates as Internal Auditors for the 2026-27 financial year. These appointments ensure compliance with Sections 138 and 139 of the Companies Act, 2013, maintaining the company's audit and internal control framework.
- M/s. KP Sahasrabudhe & Co. recommended as Statutory Auditor for a further period of 5 years.
- M/s. P A Agrawal & Associates appointed as Internal Auditor for the Financial Year 2026-27.
- Statutory Auditor firm brings over 25 years of professional experience in audit and taxation.
- The Board meeting was held on June 20, 2026, and concluded within one hour (11:00 AM to 12:00 PM).
Agri-Tech (India) Limited has filed its annual disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, for the financial year ended March 31, 2026. The filing confirms that the promoters and promoter group entities have not made any encumbrance, directly or indirectly, on their shareholding during the year. A total of 13 entities and individuals are identified as part of the promoter group, including Nandkishor Laxminarayan Kagliwal and various investment firms. This is a standard annual compliance procedure to ensure transparency regarding promoter share pledges.
- Annual disclosure submitted under Regulation 31(4) of SEBI (SAST) Regulations, 2011.
- Covers the full financial year ending March 31, 2026.
- List of 13 promoter group entities disclosed, including Nath Securities Limited and Barkha Farms LLP.
- Confirms no new encumbrances or pledges were created by the promoters during the reporting period.
Agri-Tech (India) Limited successfully passed all three resolutions at its EGM held on April 25, 2026. The resolutions included the regularization of two Independent Directors and the appointment of M/s. KP Sahasrabudhe & Co. as Statutory Auditors to fill a casual vacancy. While the resolutions passed with an overall majority of 94.6%, there was significant dissent from public non-institutional shareholders, with 65% of their votes (107,938) cast against the proposals. The promoter group's unanimous support of 1,833,498 votes was the primary driver for the approvals.
- Regularization of Mr. Anil Purkar and Mr. Dilip Deshpande as Independent Directors for 5-year terms.
- Appointment of M/s. KP Sahasrabudhe & Co. as Statutory Auditors to fill a casual vacancy.
- Overall approval rate of 94.60% with 1,891,617 votes in favor out of 1,999,555 total votes.
- Significant public dissent noted with 65% of public non-institutional votes (107,938 shares) cast against the resolutions.
Agri-Tech (India) Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by Bigshare Services Pvt. Ltd., covers the quarter ended March 31, 2026. It confirms that share certificates received for dematerialization were processed and the register of members was updated within the mandatory 15-day period. This is a standard procedural filing required for all listed entities in India.
- Compliance certificate submitted for the quarter ended March 31, 2026
- Issued in accordance with Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018
- Confirms that security certificates were mutilated and cancelled after due verification
- Register of members updated within 15 days of receipt of certificates
Agri-Tech (India) Limited reported a total income of ₹27.81 Lacs for the financial year ended March 31, 2026, up from ₹18.02 Lacs in the previous year. Despite the revenue growth, the company remains loss-making, posting a net loss of ₹94.08 Lacs for FY26 compared to a loss of ₹111.25 Lacs in FY25. The auditors have issued a qualified opinion regarding non-interest-bearing inter-corporate loans, which are currently under litigation in the Supreme Court. Cash and cash equivalents decreased significantly from ₹22.08 Lacs to ₹7.26 Lacs over the year.
- Annual revenue from operations increased by 54% YoY to ₹27.81 Lacs in FY26.
- Net loss narrowed slightly to ₹94.08 Lacs in FY26 from ₹111.25 Lacs in FY25.
- Auditors flagged ₹8,801.12 Lacs in inter-corporate loans where no interest is being charged due to ongoing Supreme Court litigation.
- Total Comprehensive Loss for the year stood at ₹86.33 Lacs after accounting for other comprehensive income.
- Cash and cash equivalents declined by 67% to ₹7.26 Lacs as of March 31, 2026.
Agri-Tech (India) Limited has convened an Extraordinary General Meeting (EGM) on April 25, 2026, to seek shareholder approval for several key administrative changes. The agenda includes the regularization of two Independent Directors, Mr. Anil Kashinath Purkar and Mr. Dilip Haribhau Deshpande, for five-year terms. Crucially, the company is also seeking approval to appoint M/s. KP Sahasrabudhe & Co. as Statutory Auditors to fill a casual vacancy caused by the resignation of the previous auditors, M/s. Gautam N Associates. The cut-off date for voting eligibility is set for April 17, 2026.
- Extraordinary General Meeting (EGM) scheduled for April 25, 2026, at 11:00 AM IST.
- Proposed regularization of two Independent Directors for 5-year terms starting from early 2026.
- Appointment of M/s. KP Sahasrabudhe & Co. as Statutory Auditors following the resignation of M/s. Gautam N Associates.
- Remote e-voting period is set from April 22, 2026, to April 24, 2026.
- Cut-off date for determining shareholder voting eligibility is April 17, 2026.
Agri-Tech (India) Limited has informed the exchanges that its trading window will be closed starting April 1, 2026, for all designated persons and their immediate relatives. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the company's audited financial results for the quarter and year ending March 31, 2026. The window will remain closed until 48 hours after the financial results are officially declared. The specific date for the board meeting to approve these results will be announced at a later time.
- Trading window closure begins on Wednesday, April 1, 2026.
- Closure pertains to the audited financial results for the quarter and year ending March 31, 2026.
- The window will reopen 48 hours after the declaration of the financial results.
- The date of the board meeting for result approval will be communicated separately.
Agri-Tech (India) Limited has announced a transition in its board and audit functions following a meeting on February 12, 2026. Mr. Dilip Haribhau Deshpande joins as an Additional Independent Director, while Mr. Madhukar Deshpande exits after completing his term. The company also replaced its statutory auditor, Gautam N Associates, with M/s. KP Sahasrabudhe & Co. after the former resigned due to the partner's serious health issues. An Extraordinary General Meeting is scheduled for April 25, 2026, to obtain shareholder approval for these changes.
- Mr. Dilip Haribhau Deshpande appointed as Additional Independent Director effective February 12, 2026.
- Outgoing Independent Director Mr. Madhukar Deshpande completed his term on February 12, 2026.
- M/s. KP Sahasrabudhe & Co. appointed as new Statutory Auditor to fill the casual vacancy.
- Resigning auditor Gautam N Associates cited health issues (liver transplant and heart surgery) as the reason for stepping down.
- An Extra-Ordinary General Meeting (EGM) is scheduled for April 25, 2026, for shareholder voting.
Financial Performance
Revenue Growth by Segment
The company operates in a single segment, Horticulture. Revenue from operations for FY 2024-25 was INR 18.02 Lakhs, representing a growth of 16.1% compared to INR 15.52 Lakhs in FY 2023-24. For the half-year ended September 30, 2025, revenue was INR 14.95 Lakhs, a 61.1% increase over INR 9.28 Lakhs in the same period last year.
Geographic Revenue Split
100% of revenue is derived from domestic operations in India, specifically from horticulture activities based in Maharashtra.
Profitability Margins
Profitability is currently negative; Net Profit Margin for FY 2024-25 was -617.4% due to a Net Loss of INR 111.26 Lakhs on revenue of INR 18.02 Lakhs. This is a significant decline from FY 2023-24, which saw a profit of INR 974.22 Lakhs, likely due to non-recurring income in the previous year.
EBITDA Margin
EBITDA (Profit before Interest & Depreciation) was negative INR 105.06 Lakhs in FY 2024-25, compared to a positive INR 1,075.22 Lakhs in FY 2023-24, reflecting a sharp decline in core operational profitability.
Capital Expenditure
The company recorded a purchase of fixed assets amounting to INR 0.33 Lakhs during the half-year ended September 30, 2025. Total Property, Plant & Equipment stood at INR 894.12 Lakhs as of September 2025.
Credit Rating & Borrowing
The company is debt-free with zero long-term and short-term borrowings as of September 30, 2025. Consequently, borrowing costs are 0%.
Operational Drivers
Raw Materials
Horticulture inputs including seeds, fertilizers, and water represent the primary costs. Production expenses, which include these inputs, totaled INR 28.18 Lakhs in FY 2024-25, accounting for 156.4% of total revenue.
Import Sources
Raw materials and inputs are sourced locally within the state of Maharashtra, India.
Key Suppliers
Specific supplier names are not disclosed in the available documents; however, procurement is focused on agricultural inputs for fruit production.
Capacity Expansion
The company maintains biological assets valued at INR 44.32 Lakhs as of September 30, 2025. Specific MTPA capacity is not disclosed, but the focus is on maximizing yield from existing horticulture land.
Raw Material Costs
Production expenses rose by 89.6% YoY to INR 28.18 Lakhs in FY 2024-25 from INR 14.86 Lakhs in FY 2023-24, significantly outpacing revenue growth.
Manufacturing Efficiency
Manufacturing efficiency is measured by biological asset health; biological assets increased slightly in value from INR 44.04 Lakhs in March 2025 to INR 44.32 Lakhs in September 2025.
Strategic Growth
Expected Growth Rate
15-20%
Growth Strategy
The company plans to capitalize on the rising global demand for fruits driven by health-conscious consumer trends. Strategy involves increasing production volumes of horticulture crops and leveraging its dedicated water infrastructure to ensure consistent supply despite climatic variations.
Products & Services
Horticulture crops, specifically various types of fruits.
Brand Portfolio
Agri-Tech (India) Limited.
Market Expansion
The company is focusing on the growing global fruit market, though specific new geographic target regions are not detailed.
Strategic Alliances
The company has no subsidiaries or disclosed joint ventures as of March 31, 2025.
External Factors
Industry Trends
The global fruit industry is growing due to health-conscious consumer behavior. The industry is shifting toward climate-resilient farming and efficient water management systems.
Competitive Landscape
The horticulture industry is highly fragmented with competition from numerous local farmers and large-scale organized agricultural firms.
Competitive Moat
The company's moat is its dedicated water pipeline from the Paithan Dam, which provides a reliable water source that many local competitors lack. This advantage is sustainable as long as the company maintains its sourcing rights and the dam levels remain viable.
Macro Economic Sensitivity
High sensitivity to agricultural GDP and climatic conditions. Revenue is directly tied to the success of the harvest season.
Consumer Behavior
Increasing consumer preference for fresh, healthy, and high-quality fruits is driving demand for the company's products.
Geopolitical Risks
Low risk as operations and sales are primarily domestic.
Regulatory & Governance
Industry Regulations
Operations are subject to state agricultural laws in Maharashtra and water usage regulations related to the Paithan Dam sourcing.
Taxation Policy Impact
The company had a 0% effective tax provision for FY 2024-25 due to operational losses.
Legal Contingencies
No pending court cases or material legal disputes were reported by the statutory auditors for the period ending March 31, 2025.
Risk Analysis
Key Uncertainties
Monsoon failure remains the highest uncertainty, with the potential to reduce revenue by over 50% in a severe drought year.
Geographic Concentration Risk
100% of operations and revenue are concentrated in Aurangabad, Maharashtra, creating high regional risk.
Third Party Dependencies
High dependency on the state irrigation department for water supply from the Paithan Dam.
Technology Obsolescence Risk
Low risk as horticulture is a traditional industry, though failure to adopt modern irrigation or pest control could impact long-term yields.
Credit & Counterparty Risk
Trade receivables are low at INR 1.24 Lakhs, indicating minimal credit risk exposure.
