Adarsh Plant Protect has published the intimation regarding its 34th Annual General Meeting (AGM) in Business Standard (English Edition) and Jai Hind (Gujarati Edition). The publication, dated August 13, 2026, confirms that the notice, along with e-voting details and book-closure dates, is now available to shareholders. The documents are also accessible on the company’s website at www.adarshplant.com and on the Bombay Stock Exchange website.

The Board of Directors had previously approved the unaudited financial results on August 10, 2026, during a meeting held at its registered office in Anand, Gujarat. The results were reviewed by the Audit Committee and submitted in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The limited review report was issued by Mukund & Rohit, the statutory auditors.

Financial Performance Breakdown

Revenue from operations declined to ₹238.30 lakh in Q1FY27, down from ₹265.40 lakh in Q1FY25. Other income remained negligible at ₹0.03 lakh. The decline in top-line growth was accompanied by a rise in cost of materials consumed, which increased to ₹195.58 lakh from ₹145.12 lakh in the preceding quarter and ₹262.79 lakh in the same quarter last year.

Employee benefits expense remained stable at ₹20.01 lakh, while finance costs decreased to ₹7.80 lakh from ₹14.33 lakh in the previous quarter. However, depreciation and amortisation expenses surged to ₹13.07 lakh, up significantly from ₹1.56 lakh in the same quarter last year. Other expenses also contributed to the bottom-line pressure, standing at ₹43.68 lakh.

What the Numbers Show

The widening loss is primarily driven by a mismatch between revenue contraction and expense rigidity. While revenue fell by approximately 10% year-on-year, the cost of materials consumed did not decrease proportionally, remaining high at ₹195.58 lakh. Additionally, changes in inventories provided a credit of ₹15.14 lakh, but this was insufficient to offset the higher input costs and other operational expenses. The earnings per share stood at a loss of ₹0.30, compared to a loss of ₹0.04 in the prior year period.

Corporate Governance and AGM Details

The 34th Annual General Meeting is scheduled for September 19, 2026, at 11:00 am at the company’s registered office in Anand. Shareholders are advised that the cut-off date for determining voting rights is September 12, 2026. The Register of Members and Share Transfer Books will remain closed from September 13, 2026, to September 15, 2026, inclusive.

The company has engaged NSDL as the authorized e-voting agency. Remote e-voting will commence on September 16, 2026, at 9:00 am and end on September 18, 2026, at 5:00 pm. Shareholders holding shares in physical mode can register their email addresses by sending a request to cs@adarshplant.com or MUFG Intime India Private Limited before the cut-off date. Those holding shares in demat mode should contact their Depository Participant to update their details.

Adarsh Plant Protect Limited has settled penalties imposed by BSE Limited amounting to ₹79,060 for non-compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The fines address lapses in disclosing related party transactions and procedural issues regarding the appointment of a director above the age of 75. The company paid the amounts to ensure compliance with regulatory requirements.

The first penalty of ₹5,900 was levied for non-compliance with Regulation 23(9) of the SEBI LODR Regulations. This regulation mandates the disclosure of related party transactions in a specified format and within a prescribed timeline. The company received the order on June 30, 2026, and paid the fine, including 18% GST, on July 3, 2026.

A second, more significant penalty of ₹73,160 was imposed for non-compliance with Regulation 17(1A) of the SEBI LODR Regulations. This violation pertained to the failure to pass a special resolution for the continuation of a director's appointment who had crossed the 75-year age limit during the quarter ended September 2024. The company received this communication on February 19, 2026.

Regarding the second violation, Adarsh Plant Protect Limited stated it had filed for a waiver against the penalty, citing compliance with the regulation and submitting relevant documents. Following a telephonic conversation with BSE officials, the company re-submitted the requisite documents via email on February 24, 2026. However, the company proceeded to pay the penalty amount, including 18% GST, on May 7, 2026, without waiting for further communication on its waiver application.

The disclosures were made by Ms. Dhvani Shah, Company Secretary and Compliance Officer, under Regulation 30 of the SEBI LODR Regulations. The intimation is available on the company's website.

Details of Regulatory Penalties