Dollex Agrotech reported a net profit of ₹1.27 crore for the quarter ended June 30, 2026 (Q1FY26), a 27% decline from ₹1.75 crore in Q1FY25. Revenue from operations fell to ₹39.95 crore from ₹36.21 crore year-ago, with the trading segment contributing ₹24.11 crore and manufacturing adding ₹15.83 crore. The company’s Board of Directors approved the unaudited standalone financial results on August 03, 2026, alongside proposals to increase authorized share capital and re-appoint its Managing Director.

The Board approved an increase in authorized share capital from ₹40 crore (4 crore equity shares) to ₹75 crore (7.5 crore equity shares), subject to shareholder approval and regulatory requirements under the Companies Act 2013. Additionally, the Board approved the re-appointment of Mehmood Khan as Managing Director for a term of five years, effective from April 01, 2027, to March 31, 2032. The company will hold its 13th Annual General Meeting on August 27, 2026, via video conferencing to seek shareholder approval for these resolutions.

Financial Performance

Revenue from operations stood at ₹39.95 crore in Q1FY26, compared to ₹36.21 crore in Q1FY25. Total expenses were ₹38.18 crore, up from ₹34.22 crore in the prior-year period. Profit before tax was ₹1.77 crore, down from ₹2.00 crore. After tax expenses of ₹0.50 crore, net profit for the period was ₹1.28 crore.

The statutory auditors, S.N. Gadiya & Co., issued a limited review report on the financial statements in accordance with Standard on Review Engagements (SRE) 2410. The results were prepared in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

What the Numbers Show

While revenue grew by 10.3% year-on-year, profitability contracted significantly due to disproportionate expense growth. The manufacturing segment’s profit before interest, depreciation, and tax fell sharply from ₹7.57 crore in Q1FY25 to ₹2.21 crore in Q1FY26, indicating margin pressure in core operations. Conversely, the trading segment turned profitable with ₹0.71 crore, compared to a loss of ₹4.03 crore in the prior-year period, suggesting a shift in operational focus or market conditions favoring trading activities.

Dollex Agrotech has extended the Scheduled Commercial Operation Date (SCOD) of its project to September 30, 2026. The company disclosed that while the installation of plant and machinery has been successfully completed, the commencement of commercial operations remains pending due to specific statutory approvals.

The project requires a PESO approval for ethanol storage and a Consent to Operate (CTO) from the Madhya Pradesh Pollution Control Board (MPPCB). The management stated it is taking all necessary steps to complete the remaining activities and commission the project at the earliest. Commercial production will begin immediately upon receipt of these approvals from the concerned authorities.

Pending Approvals

The following statutory clearances are required before the plant can commence operations:

The intimation was submitted to the National Stock Exchange of India Ltd. on June 24, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.