Anya Polytech & Fertilizers Limited reported its audited standalone and consolidated financial results for the year ended March 31, 2026, revealing material deviations in the utilization of its Initial Public Offering (IPO) proceeds. The Monitoring Agency, CARE Ratings Limited, highlighted that funds utilized for working capital exceeded the stated objects by 69% in Anya Polytech & Fertilizers Limited and by 28% in subsidiary Arawali Phosphate Limited. Additionally, there was under-utilization of funds for the purchase of plant and machinery in both entities, with capital expenditure met by routing IPO proceeds through cash credit and multiple current accounts, resulting in commingling of funds.

The Board of Directors approved the financial results at a meeting held on June 04, 2026. The Independent Auditor’s Report confirmed that the standalone financial results give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable Indian Accounting Standards. The statutory auditors issued an audit report with an unmodified opinion on the financial results.

The company reported total assets of ₹17413.36 lakh for the standalone entity as of March 31, 2026, compared to ₹15656.60 lakh in the previous year. Total equity and liabilities stood at ₹17413.36 lakh, up from ₹15656.60 lakh. For the consolidated entity, total assets increased to ₹20751.00 lakh from ₹18843.63 lakh in the prior year.

The utilization of IPO proceeds, totaling ₹44.80 crore, showed significant deviations from the offer document. The Monitoring Agency report indicated that the variation in objects requires authorization by shareholders via a special resolution under the Companies Act, 2013, but the company had not shared the resolution. Furthermore, not all government statutory approvals related to the objects, particularly for the proposed project in subsidiary Yara Green Energy Private Limited, had been received.

In other corporate actions, the Board appointed M/s Yash Sardana & Associates, Cost Accountants, as the Cost Auditors of the Company for the Financial Year 2026-27. The appointment was made upon the recommendation of the Audit Committee. The trading window for dealing in the securities of the company by designated persons and their immediate relatives will reopen after 48 hours from the declaration of the financial results.

Anya Polytech & Fertilizers Limited has announced the appointment of M/s Anju Panday & Associates, Practicing Company Secretaries, as its Secretarial Auditor, effective May 05, 2026. The appointment was approved by the Board of Directors at its meeting held on the same date, convened to fill a casual vacancy that arose following the demise of the previous Secretarial Auditor, M/s Sanket Jain & Co., Company Secretaries. The disclosure was made pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Appointment Details

The Board meeting commenced at 04:00 P.M. and concluded at 05:50 P.M. on May 05, 2026. The newly appointed firm, M/s Anju Panday & Associates, holds Membership No. 63482 and Certificate of Practice (COP) No. 23874. The company has confirmed receipt of the firm's consent to act as Secretarial Auditor along with an eligibility certificate confirming compliance with applicable legal requirements. The appointment is in accordance with the provisions of Section 204 of the Companies Act, 2013, read with the applicable rules made thereunder.

The key details of the appointment, as disclosed under Regulation 30 of SEBI (LODR) Regulations, 2015 read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, are as follows:

Profile of the Appointed Firm

M/s Anju Panday & Associates is a firm of Practicing Company Secretaries registered with the Institute of Company Secretaries of India. The firm has experience in Secretarial Audits and regulatory compliance advisory for listed and unlisted companies. No relationship between the appointed firm and the directors of the company has been disclosed.

Regulatory Compliance

The intimation was submitted to the National Stock Exchange of India Limited under reference number APFL/NSE/2026-27/04, dated May 05, 2026, and was digitally signed by Aayushee Bhatia, Company Secretary and Compliance Officer of Anya Polytech & Fertilizers Limited.