Elegant Floriculture & Agrotech (India) Limited adopted its standalone audited financial statements for the financial year ended March 31, 2026, during its 33rd Annual General Meeting (AGM). The meeting, held on September 28, 2026, also approved a change in the company's name and the appointment of new statutory auditors.

The proceedings were conducted via Video Conferencing (VC) or Other Audio Visual Means (OAVM) in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Shareholders voted on both ordinary and special resolutions covering financial adoption, board appointments, and structural changes to the Memorandum of Association.

Ordinary business transacted

The shareholders passed ordinary resolutions to receive, consider, and adopt the standalone audited financial statements for FY26 along with the reports of the Board of Directors and Auditors. Additionally, Mr. Vijaykumar Babulal Soni was re-appointed as a director, retiring by rotation and offering himself for re-appointment as eligible.

The meeting also approved the appointment of M/s. Sarang Shivajirao Chavan and Associates (Chartered Accountants) as the Statutory Auditor of the company.

Special resolutions approved

Several special resolutions were passed to alter the company’s governance structure and identity:

• Appointment of Mr. Lavjibhai Hirabhai Maheriya as an Independent Director.
• Appointment of Mr. Babubhai Lavajibhai Maheriya as an Independent Director.
• Alteration of the main object clause in the Memorandum of Association (MOA).
• Approval of the change of name of the company, with consequent alterations to the MOA and Articles of Association (AOA).
• Appointment of M/S SCS & CO. LLP Practicing Company Secretaries as Secretarial Auditor.

Voting and conclusion

Details of the voting results, as required under Regulation 44(3) of the SEBI Listing Regulations, will be disclosed in due course. The meeting concluded at 5:12 pm with a vote of thanks after all business items were completed.

Elegant Floriculture & Agrotech (India) Limited reported an 81% year-on-year increase in net profit for FY26, reaching ₹210.23 crore, while total revenue surged to ₹1,600.32 crore. The company will hold its 33rd Annual General Meeting on September 28, 2026, where members are expected to vote on a strategic name change to Elegant Buildworks Limited and the appointment of new independent directors.

Financial performance

The company’s financial results for the fiscal year ended March 31, 2026, reflect significant growth compared to the previous year. Total revenue from operations stood at ₹1,600.32 crore, up from ₹129.44 crore in FY25. This revenue expansion contributed to a profit before tax of ₹280.59 crore, compared to ₹146.40 crore in the prior year. After accounting for tax expenses of ₹70.36 crore, the net profit after tax reached ₹210.23 crore, surpassing the ₹115.92 crore recorded in FY25.

The earnings per equity share increased to ₹1.05 in FY26, up from ₹0.58 in FY25. The company did not declare any dividend for the year and transferred no profits to the General Reserve.

Strategic pivot and name change

A key agenda item at the upcoming AGM is the proposed alteration of the main object clause in the Memorandum of Association. The board seeks permission to diversify into real estate, construction, and infrastructure development, including building townships, industrial parks, and public infrastructure projects. Consequent to this strategic shift, the company proposes changing its name from Elegant Floriculture & Agrotech (India) Limited to Elegant Buildworks Limited. The Ministry of Corporate Affairs has already granted name availability approval via RUN Approval dated July 23, 2026. The final approval is subject to member consent and regulatory clearances from the Registrar of Companies and BSE Limited.

Board appointments and governance

Members will vote on the regularisation of two additional directors as independent directors: Mr. Lavjibhai Hirabhai Maheriya and Mr. Babubhai Lavajibhai Maheriya. Both were appointed as additional directors on January 8, 2026, and are proposed for five-year terms commencing from that date. They bring expertise in commerce, accounting, and corporate governance.

The meeting will also see the re-appointment of Mr. Vijaykumarbabulal Soni as a director retiring by rotation. Additionally, M/s. Sarang Shivajirao Chavan and Associates will be appointed as statutory auditors for a five-year term ending in 2030, replacing the outgoing firm. M/s. SCS & CO. LLP is proposed as the secretarial auditor for five consecutive financial years from FY25-26 to FY29-30.

E-voting and meeting details

The remote e-voting window opens at 9:00 am on September 25, 2026, and closes at 5:00 pm on September 27, 2026. The record date for determining eligible voters is September 21, 2026. National Securities Depository Limited (NSDL) facilitates the e-voting process, with Mr. Abhishek Chhajed appointed as the scrutiniser.