Hindustan Agrigenetics has finalized the schedule for its 36th Annual General Meeting (AGM), set for September 29, 2026. The Board of Directors also approved the annual report and fixed the book closure period.

The board convened on August 29, 2026, to address key corporate governance matters for the financial year ended March 31, 2026. In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company notified the Bombay Stock Exchange of the outcomes.

AGM and Reporting Details

The primary outcome of the meeting was the approval of the notice for the 36th AGM. The meeting is scheduled to be held on Tuesday, September 29, 2026, at 11:30 am through video conference.

Alongside the AGM notice, the directors approved the Annual Report for FY26. This includes the Director’s Report, all requisite annexures, and the Secretarial Audit Report.

Book Closure and E-Voting

The board determined the dates for book closure to establish the record date for shareholders eligible to vote and receive dividends. The closure will run from Wednesday, September 23, 2026, to Tuesday, September 29, 2026.

To facilitate remote participation, the board appointed Central Depository Services Limited (CDSL) as the intermediary agency for e-voting. Additionally, M/s G.R. Gupta & Associates has been appointed as the scrutinizer to oversee the e-voting process, ensuring transparency and regulatory compliance.

Hindustan Agrigenetics Limited returned to profitability in the financial year ended March 31, 2026, reporting a net profit of ₹13.42 lakh against a net loss of ₹30.50 lakh in the previous year. The turnaround was driven by a significant increase in other income, which rose to ₹100.82 lakh from ₹75.99 lakh in FY25, and a reduction in total expenses to ₹91.51 lakh from ₹114.80 lakh. The board approved the audited standalone financial results for the quarter and year ended March 31, 2026, at its meeting held on May 30, 2026.

Financial Performance

For the quarter ended March 31, 2026, the company reported a net loss of ₹41.22 lakh, widening from a loss of ₹4.40 lakh in the preceding quarter ended December 31, 2025. Revenue from operations remained nil for the quarter and the full year, with total revenue for FY26 standing at ₹105.15 lakh, up from ₹83.70 lakh in the prior year. The company recorded an exceptional item of ₹13.32 lakh as profit on the sale of agricultural land during the year.

Board Decisions

The board appointed Mr. V. R. Sridharan, a Chartered Accountant, as the internal auditor of the company for the financial year 2026-27, effective from May 30, 2026. The appointment was made in compliance with SEBI regulations regarding the disclosure of auditor profiles. The meeting, which commenced at 3:00 PM and concluded at 4:00 PM, also reviewed the financial results recommended by the Audit Committee.

Auditor's Report

M/s. Anant Rao & Mallik, Statutory Auditors, issued an unmodified audit opinion on the standalone financial statements for FY26. The auditors confirmed that the results give a true and fair view of the net loss for the quarter ended March 31, 2026, and the net profit for the year ended March 31, 2026. The financial statements were prepared in compliance with the Indian Accounting Standards (Ind AS) and SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015.