Agro Phos (India) Limited reported a 55.7% increase in net profit to ₹818.20 lakh for the year ended March 31, 2026, compared to ₹525.60 lakh in the previous year. Revenue from operations rose 23.4% to ₹14,795.14 lakh from ₹11,987.88 lakh in FY25. The Board of Directors approved the audited standalone and consolidated financial results on May 29, 2026, alongside the withdrawal of a proposed acquisition and the appointment of statutory auditors for the upcoming fiscal year.

The company's total income for FY26 stood at ₹14,893.19 lakh, while total expenses were ₹13,739.25 lakh. Profit before tax for the year increased to ₹1,178.38 lakh from ₹909.82 lakh in the prior year. Earnings per share (EPS) for the year improved to ₹4.04 from ₹2.59. The statutory auditors, M/s. Ashok Khasgiwala & Co. LLP, issued an unmodified opinion on the financial results.

Key Financial Metrics for FY26

The Board approved the discontinuation of the proposed acquisition of Bharat Phosphates & Chemicals Private Limited. The target company expressed its inability and unwillingness to proceed with the transaction on May 29, 2026, leading to a mutual agreement to withdraw the deal. The proposed acquisition, initially approved on July 16, 2025, will not proceed further, and any inter-corporate advances or financial assistance extended in relation to the transaction have been fully recovered or settled. The company stated it does not anticipate any material adverse impact from the discontinuation.

In other decisions, the Board appointed M/s. Sudeep Saxena & Associates, Cost Accountants, as the Cost Auditor for the financial year 2026-2027. Additionally, M/s. Pankaj Somaiya and Associates, LLP was appointed as the Internal Auditor for FY 2026-2027. The company confirmed that it is not classified as a "Large Corporate" for the year ended March 31, 2026, and therefore certain disclosures regarding debt securities are not applicable.

Agro Phos India Limited has appointed M/s. Sudeep Saxena & Associates as its Cost Auditor for the financial year ended March 31, 2027. The Board of Directors approved the appointment on May 29, 2026, based on the recommendation of the Audit Committee. This move ensures compliance with Section 148 of the Companies Act, 2013 and the Companies (Cost Records and Audit) Rules, 2014.

The firm, M/s. Sudeep Saxena & Associates, holds a Firm Registration Number (FRN) of 100980. The remuneration payable to the Cost Auditor will be submitted to the shareholders for ratification at the ensuing Annual General Meeting. The disclosure was made to the National Stock Exchange of India Limited in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Details of the Appointment

The appointment covers the cost audit for the financial year 2026-2027. The firm brings over 15 years of experience in handling costing assignments across various sectors, including fertilizers and pharmaceuticals.

Auditor Profile

M/s. Sudeep Saxena & Associates is a proprietorship firm established in 2010. The firm offers services such as Cost Audit, Costing Compliance, Stock Audit, and Insurance Valuation for Loss of Stock. The proprietor, Mr. Sudeep Satyendra Saxena, holds qualifications including FCMA, MBA (Fin.), and M. Com, and has prior experience with organizations like SBI Life Insurance and ICICI Bank.