Basant Agro Tech (India) Ltd declared the voting results of its Annual General Meeting held on September 30, 2026, confirming the adoption of audited financial statements for FY26 and the declaration of a 5% dividend on equity shares.

The meeting, chaired by Shashikant C. Bhartia, saw all five proposed resolutions pass with requisite majorities. While financial adoption and auditor appointments received unanimous support, the reappointment of director Rameshwar Kabra recorded minor opposition through electronic voting channels.

Voting Results Breakdown

Voting was conducted via remote e-voting and physical ballot papers. The total number of votes polled across all resolutions was 25,191,347. The results indicate strong shareholder alignment with management proposals, with negligible dissent observed in specific governance matters.

Governance and Appointments

Members approved the reappointment of two chartered accountant firms as statutory auditors for a term of five consecutive years:

• K.C Kankariya & Co., Chartered Accountants, Mumbai
• P.C Bhandari & Co., Chartered Accountants, Akola

Additionally, the remuneration of cost auditor Jayant Galande for the financial year ending March 31, 2027, was ratified. Rameshwar Kabra, who retired by rotation, was reappointed as a director despite receiving 19,780 votes against his appointment through e-voting, representing 0.06% of the total votes polled on that item.

Procedural Details

The scrutinizer, Raghav Khatod from M/s Mehta Khatod Somani, submitted the composite report on October 1, 2026. The report confirmed that all resolutions were passed with the required majority, validating the company's governance decisions for the upcoming fiscal year.

Basant Agro Tech (India) Ltd reported a 68.3% increase in net profit after tax (PAT) to ₹701.04 lakh for FY26, compared with ₹416.59 lakh in the previous year. The growth was underpinned by a robust top-line expansion, with total revenue from operations rising 22.7% to ₹5,679.88 lakh.

The company's earnings per share (EPS) improved to ₹0.77 from ₹0.46 in FY25. Operating profit before interest and depreciation (PPOP) grew 10.6% to ₹315.02 lakh, reflecting disciplined cost management despite volatile raw material prices.

Segment Performance

The Fertiliser Division was the primary growth engine, recording its highest-ever turnover of ₹3,314.46 lakh, up 23.1% year-on-year. This segment contributed significantly to the overall volume growth.

The LABSA division more than doubled its contribution to ₹887.16 lakh, highlighting the success of the company's diversification strategy. Conversely, the Seed Division saw a slight contraction of 3.0% to ₹1,425.03 lakh, remaining resilient in a competitive market.

What the Numbers Show

While revenue grew by over ₹1,000 crore, other income declined sharply from ₹76.28 lakh to ₹43.37 lakh. This divergence indicates that the substantial improvement in PAT was driven entirely by core operational efficiencies and volume gains rather than non-operating gains. Additionally, finance costs remained relatively stable at ₹1,354.35 lakh despite a significant increase in short-term borrowings, suggesting effective interest rate management or hedging strategies during the period.

Balance Sheet and Dividends

Total assets expanded to ₹4,852.90 lakh from ₹4,031.87 lakh, driven by higher inventory levels (₹2,174.89 lakh) and trade receivables (₹1,077.21 lakh). Current liabilities rose to ₹2,632.74 lakh, primarily due to an increase in cash credit borrowings to ₹1,521.69 lakh to fund working capital requirements.

The Board recommended a final dividend of ₹0.05 per share (5%), maintaining the same payout ratio as the previous year. The dividend will absorb ₹45.31 lakh.