Agri-Tech (India) Limited reported a net loss of ₹30.02 lakh for the quarter ended September 30, 2026, compared to a net profit of ₹2.41 lakh in the corresponding period last year.

The company’s revenue from operations stood at ₹4.60 lakh for Q2FY27, down from ₹20.40 lakh in the previous quarter but up from ₹3.42 lakh in Q2FY26. Total expenses rose to ₹33.29 lakh, driven largely by other expenditure of ₹19.84 lakh and employee benefit expenses of ₹4.81 lakh.

Financial Performance Overview

The standalone unaudited financial results highlight a significant deterioration in profitability. The company recorded a loss from operations before other income of ₹28.69 lakh, contrasting with a profit from ordinary activities of ₹2.41 lakh in the year-ago quarter.

Auditor’s Qualified Opinion

K. P. Sahasrabudhe & Co., the statutory auditors, issued a qualified conclusion on the financial results. The qualification stems from inter-corporate loans granted to Tech India Nirman Ltd., on which no interest has been charged or provided for during the period.

The auditors noted that this treatment is not in compliance with Section 186 of the Companies Act, 2013, nor with Ind AS 109 regarding fair value measurement. The management has not quantified the impact of this non-recognition of interest on the financial statements. The matter remains sub judice before the Hon’ble Supreme Court of India.

What the Numbers Show

A divergence between operational scale and cost structure is evident. While revenue for the half-year ended September 30, 2026, grew to ₹25.00 lakh from ₹14.95 lakh in the previous year, total expenses surged to ₹56.54 lakh from ₹41.86 lakh. Specifically, employee benefit expenses jumped to ₹9.97 lakh in H1FY27 from ₹1.90 lakh in H1FY26, contributing significantly to the widened operating losses despite higher top-line growth.

Cash and cash equivalents declined to ₹1.36 lakh as of September 30, 2026, from ₹7.26 lakh at the start of the fiscal year, reflecting negative operating cash flows of ₹33.88 lakh during the half-year.

Agri-Tech (India) Limited held its 33rd Annual General Meeting on September 16, 2026, where shareholders approved the adoption of financial statements for FY26 and appointed statutory auditors for a five-year term.

The meeting commenced at 11:10 am via video conferencing after the requisite quorum was met. Mr. Satish Kagliwal chaired the proceedings. Directors, statutory auditors, secretarial auditors, and key managerial personnel were present.

Resolutions Passed

Shareholders passed three ordinary resolutions with the requisite majority. The voting results were scrutinized by Mrs. Neha P Agrawal, Practicing Company Secretary.

Voting Details

Remote e-voting was conducted through National Securities Depository Limited from September 13 to September 15, 2026. Voting was also available during the meeting for those who had not voted earlier.

For the adoption of financial statements, 46 members cast 18,94,722 votes in favor, representing 65.12% of valid votes. 57 members voted against with 10,15,012 votes (34.88%).

For the re-appointment of the director, 45 members voted in favor with 18,94,456 votes (65.10%). 57 members opposed the resolution with 10,15,012 votes (34.89%). One invalid vote of 266 shares was recorded.

The auditor appointment received support from 46 members with 18,94,722 votes (65.12%) against opposition from 57 members with 10,15,012 votes (34.88%).