Anirit Ventures Limited has scheduled its 33rd Annual General Meeting (AGM) for Thursday, July 30, 2026, at 11:00 a.m. IST, to be conducted exclusively through video conferencing. The meeting seeks shareholder approval for a material related party transaction to borrow up to ₹10 Crores from its holding company, Oilmax Energy Private Limited, to fund business expansion and working capital requirements.

The Board of Directors has approved the proposed borrowing, which carries an interest rate of 9% and is unsecured with a tenure of one year. The transaction is considered material as the proposed amount exceeds 10% of the company’s annual consolidated turnover for the financial year 2025-26. Shareholders will also consider the re-appointment of Director Ms. Neha Thakkar, who retires by rotation and is eligible for re-appointment.

Key AGM and E-Voting Details

The facility to participate through video conferencing will be available on a first-come-first-served basis for 1,000 members, excluding large shareholders, promoters, and institutional investors. Shareholders participating through the video conferencing facility will be counted for the purpose of reckoning the quorum under Section 103 of the Companies Act, 2013.

Related Party Transaction Overview

The proposed borrowing from Oilmax Energy Private Limited, which holds 55.53% of the company’s share capital, is intended to meet working capital needs and potential acquisitions. The company stated that the Audit Committee reviewed the transaction and confirmed it is in the best interest of the company and at arm’s length. The value of the proposed transaction represents more than 100% of the listed entity's annual consolidated turnover for the immediately preceding financial year.

The Annual Report for FY 2025-26, containing the Notice of the 33rd AGM and the Explanatory Statement, is available on the company’s website. Members who have not registered their email addresses will receive a communication with a weblink to access the documents.

Anirit Ventures Limited reported a consolidated net loss of ₹476.30 lakh for the financial year ended March 31, 2026, widening from ₹165.86 lakh in the previous year. Revenue from operations declined to ₹0.09 lakh from ₹12.88 lakh in FY 2024-25. The increase in loss is primarily attributable to investments made towards building the new business platform, acquisition-related expenses, corporate restructuring initiatives and other strategic expenditures incurred during the transition phase.

During the year, the company successfully completed a Rights Issue to existing eligible shareholders to finance its identified business objectives and long-term strategic initiatives. The proceeds from the Rights Issue are being utilised in accordance with the objects stated in the Letter of Offer and applicable provisions of the Companies Act, 2013 and the SEBI (Issue of Capital and Disclosure Requirements) Regulations.

In a strategic development, the company acquired 100% of the equity share capital of Anirit Agritech Private Limited, a company engaged in Controlled Environment Agriculture. This acquisition represents the company's strategic entry into a transformative sector that leverages technology, precision agriculture and climate-controlled infrastructure to optimize agricultural output independent of external weather conditions. The company aims to establish a meaningful presence in the controlled environment farming ecosystem in India and leverage technology-driven agricultural solutions to address food security, yield optimization, and climate resilience.

Financial Performance

Key financial highlights on a consolidated basis for FY 2025-26 include:

The Earnings Per Share (EPS) stood at ₹(6.42) in FY 2025-26, as compared to ₹(2.76) in FY 2024-25. The board of directors has not declared any dividend for the year under review due to the loss incurred by the company.

Strategic Priorities

The company remains focused on building a scalable and diversified sustainability-focused business over the medium term. Its future plans include developing an integrated biomass-to-energy value chain, from captive feedstock and Compressed Bio Gas (CBG) to biofuels, gasification-based power, and in the near future, hydrogen. It also plans to advance sustainable cooling and thermal management solutions, in collaboration with IIT Bombay, with focus on Passive Radiative Cooling (PRC) and Phase Change Materials (PCMs).

The 33rd Annual General Meeting of the company will be held on Thursday, July 30, 2026 at 11:00 a.m. IST through Video Conferencing (VC) / Other Audio Visual Means (OAVM).