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KNAGRI - KN Agri Resource

📊 NSE: KNAGRI 🏢 Solvent Extraction 📅 Last Updated: 12/14/2025 8:57

📢 Recent Corporate Announcements

KN Agri Clarifies Identical Standalone and Consolidated Q3 FY26 Financial Results

🟡 NEUTRAL ⭐ 4/10

REGULATORY 📅 13 Mar 2026, 12:16 PM

KN Agri Resources Limited has responded to the National Stock Exchange's query regarding why its standalone and consolidated financial results for the quarter ended December 31, 2025, were identical. The company clarified that its subsidiaries and associate companies currently have a negligible financial impact that does not show up due to rounding. Specifically, KN Retail's profit and Raipur Mega Food Park's loss are both under Rs. 1.00 lakh, while Sharaad KN Bio-Organic has not yet started operations. Since reporting is done in crores, these small figures do not alter the consolidated totals.

KN Retail Private Limited reported a profit of less than Rs. 1.00 lakh for the period.
Associate company Raipur Mega Food Park Private Limited incurred a loss of approximately Rs. 1.00 lakh.
Subsidiary Sharaad KN Bio-Organic Private Limited has not yet commenced business operations.
Reporting figures are rounded off in crores, making standalone and consolidated figures appear identical.
Company maintains that results are in accordance with Schedule III of the Companies Act and Ind-AS.

💡 This is a technical regulatory clarification and does not impact the company's fundamental financial health. Investors should monitor the newly incorporated subsidiaries for future operational scale-up.

KN Agri Q3 FY26 Results: Revenue Grows 7.9% YoY to ₹512.65 Cr, PAT Declines 26% YoY

🔵 WATCH ⭐ 7/10

EARNINGS 📅 14 Feb 2026, 07:13 PM

KN Agri Resources Limited reported a consolidated revenue of ₹512.65 crore for the quarter ended December 31, 2025, a 7.9% increase from ₹475.11 crore in the same quarter last year. Despite the top-line growth, Profit After Tax (PAT) declined by 26.4% YoY to ₹5.05 crore, down from ₹6.86 crore. This decline in profitability was largely driven by a significant increase in 'Other Expenses,' which rose to ₹44.56 crore from ₹31.63 crore YoY. On a sequential basis, revenue showed a healthy recovery of 15.9% compared to Q2 FY26.

Consolidated Revenue from operations increased 7.9% YoY to ₹512.65 crore.
Net Profit (PAT) dropped 26.4% YoY to ₹5.05 crore, with EPS falling to ₹2.02 from ₹2.74.
Other expenses surged by 40.8% YoY to ₹44.56 crore, impacting operating margins.
Agri Commodities segment revenue grew to ₹512.41 crore, contributing nearly all of the total revenue.
Nine-month (9M FY26) revenue stands at ₹1,333.04 crore compared to ₹1,229.17 crore in 9M FY25.

💡 Investors should be cautious as the company is struggling to translate revenue growth into bottom-line profits due to rising operational costs. It is advisable to wait for a stabilization in margins before considering new positions.

KN Agri Resources Appoints Anuj Banshilal Golecha as Independent Director for 5-Year Term

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 11 Feb 2026, 04:23 PM

KN Agri Resources Limited has confirmed the appointment of Mr. Anuj Banshilal Golecha as a Non-Executive, Independent Director following shareholder approval via postal ballot. Mr. Golecha is a Chartered Accountant with over 19 years of experience in Investment Banking, Private Equity, and Investment Management. His appointment is for a five-year term effective from November 10, 2025, until November 9, 2030. This move is intended to strengthen the board's financial oversight and corporate governance capabilities.

Appointment of Mr. Anuj Banshilal Golecha as Non-Executive Independent Director for a 5-year term
Term effective from November 10, 2025, to November 09, 2030
Appointee brings over 19 years of experience in Investment Banking and Multi-Family Office Advising
Shareholder approval secured via Postal Ballot as per Scrutinizer's Report dated February 10, 2026

💡 This is a routine management update that enhances board expertise in finance; no immediate action is required from shareholders. Investors should view this as a positive step toward robust corporate governance.

KN Agri Shareholders Approve Appointment of Anuj Banshilal Golecha as Independent Director

🟢 POSITIVE ⭐ 6/10

MANAGEMENT 📅 10 Feb 2026, 05:22 PM

KN Agri Resources Limited has successfully passed a special resolution via postal ballot for the appointment of Mr. Anuj Banshilal Golecha as an Independent Director. The resolution received overwhelming support from shareholders, with 99.71% of the total 10,015,177 votes cast in favor. Only 0.29% of the votes were cast against the proposal, indicating strong investor confidence in the board's selection. This appointment is part of the company's efforts to maintain robust corporate governance and board oversight.

Special resolution for the appointment of Mr. Anuj Banshilal Golecha as Independent Director passed with requisite majority.
Total of 10,015,177 votes were cast during the e-voting period ending February 8, 2026.
99.71% of the votes (9,985,777 shares) were in favor of the appointment.
Only 29,400 votes (0.29%) were cast against the resolution.
The appointment process was scrutinized by M/s Amit Sharma & Associates, ensuring transparency.

💡 This is a positive governance-related update and requires no immediate action from investors. The strong majority vote suggests stable shareholder alignment with management's board composition strategy.

KN Agri Clarifies Reporting Discrepancies; H1 FY26 Revenue Grows to ₹816 Cr

🟡 NEUTRAL ⭐ 4/10

REGULATORY 📅 05 Feb 2026, 12:44 PM

KN Agri Resources Limited has responded to the National Stock Exchange's clarification request regarding its financial results for the half-year ended September 30, 2025. The company rectified a discrepancy in its Consolidated XBRL filing and resubmitted machine-readable financial statements. For H1 FY26, the company reported standalone revenue of ₹816 crore, up from ₹754.06 crore in the same period last year. However, standalone Profit After Tax (PAT) remained nearly flat at ₹14.01 crore compared to ₹14.21 crore YoY, reflecting margin pressure.

Standalone Revenue for H1 FY26 increased to ₹816.00 crore from ₹754.06 crore YoY.
Standalone Profit After Tax (PAT) stood at ₹14.01 crore with a Basic EPS of ₹5.60.
Agri Commodities segment contributed the bulk of revenue at ₹815.16 crore.
Company rectified technical discrepancies between PDF results and XBRL filings as requested by the Exchange.
Total Equity increased to ₹367.83 crore as of September 30, 2025, from ₹353.82 crore in March 2025.

💡 This is a procedural regulatory clarification and does not impact the company's fundamentals. Investors should focus on the company's ability to improve profit margins in its core agri-commodity business despite rising revenues.

KN Agri Resources Clarifies Non-Submission of Consolidated Results for Q4 FY24

🟡 NEUTRAL ⭐ 4/10

REGULATORY 📅 31 Jan 2026, 04:09 PM

KN Agri Resources Limited has responded to a clarification request from the National Stock Exchange regarding the non-submission of consolidated financial results for the quarter ended March 31, 2024. The company clarified that it had no subsidiaries during the reporting period, which exempts it from the mandatory consolidated reporting under SEBI Regulation 33. While the company holds significant stakes in two associate companies, it maintains that consolidation for associates alone is not required for these specific filings. This response addresses the exchange's compliance query without altering the reported financial figures.

Confirmed the company had zero subsidiaries as of March 31, 2024.
Disclosed a 45% holding in associate company Raipur Mega Food Park Pvt. Ltd.
Disclosed a 26% holding in associate company Bluebrahma Clean Energy Solutions Pvt. Ltd.
Stated that SEBI Regulation 33(3)(b) does not mandate consolidation of associate companies in the absence of subsidiaries.

💡 This is a procedural regulatory clarification and does not impact the company's fundamental value. Investors should focus on the standalone financial performance and the operational progress of its two associate companies.

KN Agri Resources Clarifies Financial Reporting Discrepancies for FY25

🟡 NEUTRAL ⭐ 4/10

REGULATORY 📅 31 Jan 2026, 04:07 PM

KN Agri Resources Limited has responded to NSE's clarification request regarding its March 2025 financial results. The company explained that minor mismatches between XBRL and PDF filings were due to rounding off figures reported in crores. It further clarified that while its two new subsidiaries had no operational activity, the consolidated P&L correctly accounts for its two associate companies, Bluebrahma Clean Energy and Raipur Mega Food Park. This response addresses regulatory concerns regarding data consistency and reporting structure.

Attributed XBRL and PDF figure mismatches to rounding off values reported in crores
Confirmed two new subsidiaries, KN Retail and Sharaad KN Bio-Organics, had zero operational activity
Stated that share of profit/loss from two associate companies is properly reflected in consolidated P&L
Clarification follows an NSE inquiry dated July 1, 2025, regarding May 30 financial submissions

💡 This is a routine regulatory clarification and does not impact the company's fundamental financial health. Investors should monitor the progress of the two new non-operational subsidiaries for future growth contributions.

KN Agri Resources Submits SEBI Regulation 74(5) Compliance Certificate for Q3 FY26

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 15 Jan 2026, 12:29 PM

KN Agri Resources Limited has filed its compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by its Registrar and Share Transfer Agent (RTA) MUFG Intime India Private Limited, pertains to the quarter ended December 31, 2025. This filing confirms that the company has processed dematerialization requests and updated depository records as per regulatory requirements. Such filings are standard procedural requirements for all listed companies in India to ensure transparency in shareholding records.

Compliance certificate submitted for the quarter ended December 31, 2025.
Issued under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018.
Registrar and Share Transfer Agent (RTA) confirmed as MUFG Intime India Private Limited.
Confirms the processing of share dematerialization and substitution of depository names in records.

💡 No action is required as this is a routine regulatory filing. Investors should continue to monitor the company's operational performance and upcoming financial results.

KN Agri Resources Seeks Shareholder Approval for Appointment of Independent Director

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 09 Jan 2026, 06:03 PM

KN Agri Resources Limited has issued a postal ballot notice to seek shareholder approval for the appointment of Mr. Anuj Banshilal Golecha as an Independent Director. The proposed appointment is for a five-year term effective from November 10, 2025, to November 09, 2030. Shareholders as of the cut-off date of January 2, 2026, are eligible to participate in the remote e-voting process. The voting window is open from January 10, 2026, to February 8, 2026, with final results expected by February 10, 2026.

Proposed appointment of Mr. Anuj Banshilal Golecha as an Independent Director for a 5-year tenure.
The appointment term is set from November 10, 2025, through November 09, 2030.
Remote e-voting period starts at 9:00 AM on January 10, 2026, and ends at 5:00 PM on February 8, 2026.
Cut-off date for determining shareholder eligibility for voting was January 2, 2026.
Results of the postal ballot will be declared on or before February 10, 2026.

💡 This is a routine corporate governance matter regarding board composition. Investors should review the appointee's credentials in the explanatory statement and ensure they cast their votes within the specified timeline.

KN Agri Resources Announces Trading Window Closure from Jan 1, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 31 Dec 2025, 12:27 PM

KN Agri Resources Limited has informed the exchange that its trading window will be closed starting January 1, 2026, in compliance with SEBI Insider Trading regulations. This closure is ahead of the declaration of financial results for the quarter ended December 31, 2025. The window will remain shut for all designated persons and will only reopen 48 hours after the results are announced. The specific date for the board meeting to approve these results is yet to be determined and will be communicated later.

Trading window closure commences on Thursday, January 1, 2026.
The closure pertains to the financial results for the quarter ending December 31, 2025.
Trading will resume 48 hours after the official declaration of the quarterly results.
The restriction applies to all 'Designated Persons' and specified connected persons of the company.

💡 This is a routine regulatory announcement and does not require any immediate action. Investors should wait for the announcement of the board meeting date to assess the company's quarterly performance.

KN Agri Resources to Migrate from NSE SME to Main Board on December 09, 2025

🟢 POSITIVE ⭐ 7/10

REGULATORY 📅 06 Dec 2025, 02:38 PM

KN Agri Resources Limited has received formal approval from the National Stock Exchange (NSE) to migrate its 24,998,910 equity shares from the SME Emerge platform to the Main Board. The listing and trading on the Capital Market Segment will commence on December 09, 2025. This transition is a significant milestone that typically enhances stock liquidity and visibility among institutional and retail investors. Consequently, trading on the SME platform will be suspended effective from the same date.

Migration of 24,998,910 equity shares of Rs. 10 each to the NSE Main Board.
Trading on the Capital Market Segment (Main Board) starts December 09, 2025.
Market lot size reduced to 1 share, facilitating easier retail participation.
NSE approval received via letter dated December 05, 2025 (Ref: NSE/LIST/286).

💡 Investors should note the improved liquidity and potential for increased institutional interest following the Main Board listing. Existing shareholders will benefit from the removal of SME lot size restrictions.

View All KNAGRI Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Agri Commodities segment revenue grew 1.76% from INR 1,693.90 Cr in FY24 to INR 1,723.71 Cr in FY25. Power segment revenue declined 80.2% from INR 5.77 Cr to INR 1.14 Cr. Other segments declined 39.6% from INR 6.38 Cr to INR 3.85 Cr.

Geographic Revenue Split

Not disclosed in available documents, though the company operates a pan-India procurement network and is expanding its geographic footprint.

Profitability Margins

Net Profit Margin improved 17% YoY from 1.83% in FY24 to 2.13% in FY25. Operating Profit Margin increased 7% YoY from 16.11% in FY24 to 17.23% in FY25. PAT margin was 1.81% in FY24 compared to 1.31% in FY23.

EBITDA Margin

Historical EBITDA grew at a CAGR of 57.3% between 2016 and 2022. Operating margins are sensitive to raw material price volatility and are expected to remain above 2-3% to sustain credit health.

Capital Expenditure

Historical capex was approximately INR 5 Cr per year for FY23 and FY24, funded via internal accruals. No major debt-funded capex is planned for the medium term.

Credit Rating & Borrowing

CRISIL Stable rating. Interest coverage ratio was 5.46 times in FY24. Bank limit utilization is low at 35% to 40% as of June 2025.

⚙️ Operational Drivers

Raw Materials

Soybean (primary), wheat, and gram. Raw material costs are highly volatile, impacting the 99%+ revenue share of the Agri Commodities segment.

Import Sources

Sourced domestically from facilities located close to raw material sources in India. Import of Non-GMO soya seeds is permitted, while GMO soya seeds are banned.

Key Suppliers

Not disclosed in available documents; however, the company maintains relationships with a pan-India network of commodity suppliers and farmers.

Capacity Expansion

Current infrastructure includes 3 seed processing units, 2 oil refineries, and 1 flour mill. Specific MTPA capacity figures were not disclosed.

Raw Material Costs

Raw material costs are a significant portion of the operating income (INR 1,728.70 Cr). Profitability is susceptible to the 46% increase in crushing volumes seen in FY24 which was offset by lower price realizations.

Manufacturing Efficiency

Crushing volumes increased by 46% in FY24, though lower realizations impacted the final revenue figures.

Logistics & Distribution

Not disclosed as a specific percentage, but managed through an integrated 'Farm to Fork' model with strategic facility locations.

📈 Strategic Growth

Expected Growth Rate

10%

Growth Strategy

Achieved through a 10% expected volume growth in FY26, diversification of the product profile, retail expansion of brand names, and geographic footprint expansion. The company recently migrated from the SME platform to the NSE Main Board (Dec 2025) to enhance capital access.

Products & Services

Soya de-oiled cake (DOC) for the feed industry, refined soybean oil, flour, and traded commodities like gram and wheat.

Brand Portfolio

Khan Pan, Classic.

New Products/Services

Diversification into new agri-product segments and retail expansion is underway, though specific revenue contribution percentages are currently monitorable.

Market Expansion

Expanding geographic footprint across India and increasing retail presence to move further down the value chain.

Strategic Alliances

Consolidated business profile includes wholly owned subsidiary KN Agri Retail Private Limited (KNARPL) and Sharad KN Bio Organics Pvt. Ltd.

🌍 External Factors

Industry Trends

The industry is shifting toward ESG and carbon footprint reduction; KNAGRI positioned itself early with windmill investments since 2004. The sector faces high government intervention and regulatory volatility.

Competitive Landscape

Intense competition from both organized and unorganized players in the solvent extraction and edible oil refining industry.

Competitive Moat

Moat is built on 3 decades of promoter experience, strategic location of plants near raw material sources, and an integrated 'Farm to Fork' business model.

Macro Economic Sensitivity

Highly sensitive to climatic conditions affecting crop yields and global edible oil price trends.

Consumer Behavior

Increasing demand for branded edible oils and high demand for de-oiled cake (DOC) from the domestic feed industry.

Geopolitical Risks

Vulnerable to international trade barriers and government duties on the import of refined and crude edible oils.

⚖️ Regulatory & Governance

Industry Regulations

Subject to government duties on edible oil imports and a ban on GMO soya seed imports. Regulated by the Companies Act 2013 and SEBI Listing Regulations.