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%).

Agri-Tech (India) Limited has scheduled its 33rd Annual General Meeting (AGM) for September 16, 2026, to approve its financial results for the fiscal year ended March 31, 2026. The horticulture-focused firm reported a narrowing of its net loss, driven largely by non-operating gains on asset sales.

Financial Performance

The company reported revenue from operations of ₹27.81 lakh for FY26, an increase from ₹18.02 lakh in the previous fiscal year. Despite the top-line growth, the firm posted a net loss of ₹94.08 lakh, compared to a loss of ₹111.25 lakh in FY25. This represents a reduction in losses of approximately 15% year-on-year.

What the Numbers Show

The improvement in the bottom line was not operational but driven by significant other income. Other income surged to ₹17.40 lakh from just ₹0.09 lakh in the prior year. This spike was primarily due to a ₹18.96 lakh profit on the sale of agricultural land. Without this one-time gain, the operating deficit would have been substantially wider, highlighting the company's continued reliance on asset monetization rather than core farming profitability.

Auditor and Governance Changes

Shareholders will also vote on the appointment of M/s. KP Sahasrabudhe & Co. as statutory auditors for a five-year term, replacing M/s. Gautam N Associates who resigned during the year. The new auditors issued a qualified opinion regarding inter-corporate loans where no interest was charged, citing non-compliance with Section 186 of the Companies Act, 2013.

Additionally, Mrs. Jeevanlata Kagliwal retires by rotation and offers herself for re-appointment as a director. The board noted that the company does not exceed the threshold limits for Corporate Social Responsibility (CSR) obligations.

Meeting Details

The AGM will be conducted through Video Conferencing (VC) or Other Audio-Visual Means (OAVM). Remote e-voting will be available from September 13 to September 15, 2026. The record date for voting eligibility is September 4, 2026.