Bharat Agri Fert & Realty Limited has issued a postal ballot notice seeking shareholders' approval for the re-designation of Mr. Vijal Yogendra Patel from Whole-Time Director to Chairman & Managing Director. The company announced comprehensive leadership restructuring following its board meeting held on April 02, 2026, and has now formalized the voting process through regulatory filings dated April 6, 2026.

Newspaper Publication and Regulatory Compliance

The company has published newspaper advertisements in The Free Press Journal (English) and Navshakti, Mumbai Edition (Marathi) on April 7, 2026, informing shareholders about the dispatch of the postal ballot notice. This publication was made in compliance with Regulations 47 and 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Postal Ballot Process and E-Voting Schedule

The company has initiated the postal ballot process in compliance with Section 110 of the Companies Act, 2013, and SEBI regulations. The notice was sent electronically to all eligible shareholders whose email addresses are registered with the company, depositories, or registrar and transfer agent.

Special Resolution for Re-designation

The postal ballot seeks approval through a special resolution for Mr. Vijal Yogendra Patel's re-designation from Whole-Time Director to Chairman & Managing Director for a three-year term from April 2, 2026, to April 1, 2029. This appointment supersedes the previous resolution passed at the 39th Annual General Meeting held on September 26, 2024.

Background and Rationale

The re-designation follows the demise of Late Mr. Yogendra D. Patel, the company's Chairman & Managing Director, on February 11, 2026. The board noted his valuable contributions and identified the need for continuity in senior management. Mr. Vijal Yogendra Patel, who holds an MBA in Finance, has been actively involved in the company's management and operations for 12 years, overseeing key business verticals and contributing to strategic planning and growth initiatives.

Remuneration Structure

The proposed remuneration package includes a monthly salary of ₹10,00,000, variable commission based on net profits within statutory limits, and perquisites subject to a ceiling of 20% of annual salary. The comprehensive package covers provident fund, gratuity, medical benefits, leave entitlements, travel allowances, and other standard benefits.

Regulatory Compliance and Voting Process

The special resolution is required under Regulation 17(6)(e) of SEBI LODR Regulations, as Mr. Vijal Yogendra Patel is a promoter and the proposed remuneration may exceed 5% of the company's net profits. The company has appointed scrutinizers to ensure fair and transparent voting through the remote e-voting process.

Shareholders can access the voting platform through multiple methods including NSDL, CDSL, and depository participant websites. The results will be announced within two working days of the voting conclusion and will be available on the company's website and stock exchange platforms.

Previous Leadership Changes

The current postal ballot follows the board meeting outcome from April 02, 2026, where the company also appointed Ms. Chandni Yogendra Patel as the new Chief Financial Officer, effective April 03, 2026. These changes represent a comprehensive leadership restructuring to ensure operational continuity and strategic direction for the Mumbai-based manufacturer of Single Superphosphate.

Source: None/Company/INE842D01029/4d7600fe-97ee-4d13-9f7e-d6b17ea1bb45.pdf

Bharat Agri Fert & Realty Limited published its Q3 FY26 unaudited financial results for the quarter and nine months ended December 31, 2025, in compliance with SEBI Regulation 30 & 47. The results were published in Free Press Journal (English) and Navshakti (Marathi) newspapers on February 15, 2026, following board approval on February 13, 2026.

Financial Performance Overview

The company reported deteriorating financial performance in Q3 FY26 with significant losses across key metrics. Revenue from operations declined year-on-year while expenses remained elevated, resulting in widened losses.

For the nine months ended December 31, 2025, the company recorded revenue from operations of Rs 1,628.88 lacs compared to Rs 1,828.66 lacs in the corresponding period of the previous year. Net loss for the nine-month period widened to Rs 625.83 lacs from Rs 335.28 lacs.

Segment-wise Performance

The company operates across three primary business segments with mixed performance indicators during the quarter.

The fertiliser segment experienced significant revenue decline while the resort segment showed marginal growth. The construction segment continued to report substantial losses despite no revenue recognition during the quarter.

Regulatory Compliance and Publication

The company fulfilled its regulatory obligations by publishing the financial results extract in prescribed newspapers. Company Secretary Akshay Kumar signed the compliance letter dated February 17, 2026, submitted to BSE Limited confirming publication in Free Press Journal (English) and Navshakti (Marathi) on February 15, 2026.

Business Development Updates

The Government of India's Department of Fertilizers increased subsidy rates on Single Super Phosphate (SSP) effective October 1, 2025. Management expressed confidence that this development will improve operational margins and restore sustainable profitability in the fertilizer segment.

The company's flagship Anchaviyo Resort is undergoing major expansion with 116 additional keys being added to the existing 120 keys. The expansion is targeted for completion within two years and will feature three grand banquets, world-class recreation facilities, state-of-the-art SPA and Wellness center, and man-made Mandap accommodating up to 1,000 guests.

Real Estate Progress

The Wembely-60 project at Majiwada, Thane has achieved construction progress up to the 20th floor. Sales activity remains robust with significant unit bookings and additional sales expected during the October-February festive season. An additional construction loan of Rs 15 crore has been sanctioned to expedite construction from the 8th to 60th floor, covering 457 flats of 2/3 BHK configuration.