Kamal Kumar Jain has resigned from his position as Head of Operations and Senior Management Personnel at Elfin Agro India Limited effective June 8, 2026. The resignation, submitted due to personal commitments and the pursuit of other interests, was communicated to the stock exchanges on June 9, 2026. The company confirmed that there are no material reasons for his departure and that the change does not reflect any concerns regarding the performance, conduct, or operations of the firm.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company stated that the cessation of the Senior Management Personnel role is effective from the close of business hours on June 8, 2026. The resignation letter has been enclosed as part of the regulatory filing, and the information has been hosted on the company's website in compliance with Regulation 46 of the SEBI Listing Regulations.

The following table details the specifics of the change in senior management personnel as required under the relevant regulations:

Khushbu Sethi, Company Secretary & Compliance Officer, signed the disclosure on behalf of Elfin Agro India Limited. The filing confirms that the resignation is voluntary and not driven by any operational or performance-related issues within the company.

Elfin Agro India Limited reported a net profit of ₹576.98 lakh for the financial year ended March 31, 2026, an increase from ₹503.03 lakh in the previous year. Total revenue for FY26 stood at ₹17,731.24 lakh, compared to ₹14,643.98 lakh in FY25. The company’s basic and diluted earnings per share for the year were ₹4.01, up from ₹3.57 in the prior year.

The Board of Directors approved the audited standalone financial results for the year and half-year ended March 31, 2026, at a meeting held on May 30, 2026. The statutory auditor, M/s. Deepak Agal & Co., issued an unmodified opinion on the financial statements. The company confirmed that there were no deviations or variations in the utilization of proceeds from its Initial Public Offer (IPO) during the half-year ended March 31, 2026.

Financial Performance

The company’s profit before tax for FY26 was ₹771.04 lakh, compared to ₹674.84 lakh in FY25. Total expenses for the year increased to ₹16,960.20 lakh from ₹13,969.14 lakh in the previous year. The finance costs for FY26 were ₹144.77 lakh, while depreciation expenses were ₹51.44 lakh.

Key Financial Metrics (FY26 vs FY25)

IPO Proceeds Utilization

The company raised ₹2,502.75 lakh through its IPO, which was listed on the SME Platform of BSE Limited on March 12, 2026. As of March 31, 2026, the company utilized ₹1,887.75 lakh of the proceeds. The unutilized amount of ₹615.00 lakh is kept in fixed deposits and will be available for utilization in FY27. There were no deviations in the use of funds as per the monitoring agency report.

Utilization of IPO Funds