AGRITECH - Agri-Tech India
📢 Recent Corporate Announcements
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.
Agri-Tech (India) Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the period ended December 31, 2025. The certificate, issued by Bigshare Services Pvt. Ltd., confirms that share certificates received for dematerialization were processed and listed on the stock exchanges. It further verifies that security certificates were mutilated and cancelled within the mandated 15-day timeframe. This is a standard regulatory filing confirming the integrity of the company's shareholding records.
- Compliance certificate submitted for the quarter ended December 31, 2025.
- Registrar and Share Transfer Agent (RTA) Bigshare Services Pvt. Ltd. confirmed all dematerialization requests were handled.
- Securities received for dematerialization were mutilated and cancelled within 15 days of receipt.
- Confirmed that the name of depositories has been substituted in the register of members as registered owners.
Agri-Tech (India) Limited has received an order from the National Company Law Appellate Tribunal (NCLAT) imposing a penalty of ₹25,00,000. The fine is related to the Corporate Insolvency Resolution Process (CIRP) proceedings against Techindia Nirman Limited. The company received the order copy on January 8, 2026, stemming from an order dated December 17, 2025. This penalty will result in a direct financial loss of ₹25 lakhs for the company, impacting its bottom line for the period.
- NCLAT imposed a cost of ₹25,00,000 on Agri-Tech (India) Limited.
- The penalty pertains to legal proceedings involving Techindia Nirman Limited's CIRP.
- The company confirmed a direct financial loss of ₹25,00,000 in its regulatory filing.
- The disclosure was made following the receipt of the NCLAT order dated December 17, 2025.
Agri-Tech (India) Limited has notified the exchanges that its trading window for dealing in company securities will be closed starting January 1, 2026. This closure is in compliance with SEBI Insider Trading regulations ahead of the declaration of financial results for the quarter and nine months ending December 31, 2025. The window will remain shut until 48 hours after the results are officially announced. The specific date for the board meeting to approve these results will be communicated at a later time.
- Trading window closure begins on January 1, 2026, for all designated persons.
- Closure pertains to the Unaudited financial results for the quarter and nine months ending December 31, 2025.
- The window will reopen 48 hours after the financial results are declared to the public.
- The date for the Board Meeting to approve the results is yet to be announced.
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.