JK Agri Genetics Ltd reported a net loss of ₹7.17 crore for the year ended March 31, 2026, compared to a loss of ₹2.50 crore in the previous year. Revenue from operations rose 2.3% to ₹164.61 crore, while operating profit stood at ₹9.51 crore. The company generated a cash profit before tax of ₹4.13 crore.

The board has recommended the re-appointment of Shri Kuldeep Kumar Pandit as Whole-time Director with the designation "President & Director" for a period of three years commencing November 24, 2026, subject to shareholder approval. Shri Pandit was paid a remuneration of ₹288.24 lakh during FY26.

The board has not recommended any dividend for the financial year 2025-26. JK Agri Genetics Research Services Limited ceased to be an associate of the company with effect from March 5, 2026.

26th Annual General Meeting

The 26th Annual General Meeting of the members will be held on Friday, July 31, 2026, at 12:45 P.M. IST through Video Conferencing (VC) or Other Audio Visual Means (OAVM). The meeting will be conducted in compliance with the Companies Act, 2013, and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Members participating through VC/OAVM shall be reckoned for the purpose of quorum under Section 103 of the Act.

The Annual Report for FY26 and the Notice convening the AGM were sent to members on July 7, 2026. Physical letters containing the web-link to these documents were dispatched to shareholders without registered email addresses. The documents are also available on the company's website, BSE Ltd., and CDSL.

E-Voting Information

The company has provided remote e-voting facilities for members holding Equity Shares as on the cut-off date of Friday, July 24, 2026. Remote e-voting commences on Tuesday, July 28, 2026, at 10:00 A.M. and ends on Thursday, July 30, 2026, at 5:00 P.M. E-voting facilities will also be available at the AGM for those who have not cast their vote remotely and are attending via VC/OAVM.

Members who have cast votes via remote e-voting may attend the AGM but are not entitled to vote again. Members holding shares in dematerialised form must register or update PAN & KYC details with their Depository Participants. Those holding shares in physical form must submit Form ISR-1 to the Registrar and Share Transfer Agent, Alankit Assignments Limited.

Special Window for Dematerialisation

Pursuant to a SEBI circular dated January 30, 2026, the company has opened a special window for one year from February 5, 2026, to February 4, 2027. This window allows for the transfer and dematerialisation of physical securities sold or purchased prior to April 1, 2019. Securities transferred under this window will be mandatorily credited to the transferee in demat mode and will be subject to a one-year lock-in from the date of registration.

Shareholder Campaign

The company has initiated its second 100-day campaign, "Saksham Niveshak", from April 1, 2026, to July 9, 2026. This campaign aims to assist shareholders in claiming dividends and updating KYC details to prevent unpaid or unclaimed dividends from being transferred to the Investor Education and Protection Fund (IEPF).

JK Agri Genetics Limited received an assessment order from the Deputy Commissioner of Income Tax, Circle-5(1) Kolkata, resulting in a total tax liability of Rs 0.78 Crore. The order, dated May 31, 2026, disallows expenses of Rs 1.50 Crore and a weighted deduction of Rs 0.75 Crore. The company has decided not to contest the order, and the liability will be adjusted against available Minimum Alternate Tax (MAT) credits, ensuring no cash outflow.

The order was passed under Section 250/143(3) of the Income Tax Act, 1961, following an appeal filed by the company against a previous assessment. The dispute originated from the Income Tax Return filed for the financial year 2017-2018, where the department initially disallowed expenses of ₹ 9.89 Crore due to the non-receipt of Form 3CL from the Department of Scientific and Industrial Research (DSIR).

Background of the Dispute

The initial assessment order in April 2021 had disallowed a weighted deduction of 150% under Section 35(2AB) of the Income Tax Act on Research and Development expenses of ₹ 6.59 Crore. Subsequently, the DSIR disallowed only Rs 1.50 Crore and filed Form 3CL with the Income Tax Department. Based on this, JK Agri Genetics filed an appeal with the Commissioner of Income Tax (Appeals) on May 8, 2021.

On March 30, 2026, the department issued a notice under Section 250 of the Income Tax Act to file grounds of appeal, which the company submitted on April 6, 2026. The CIT (Appeals) passed an order disallowing Rs 1.50 Crore of labour expenses as per the Form 3CL issued by DSIR.

Financial Implications

The final assessment order disallows Rs 1.50 Crore in labour expenses and the associated weighted deduction of Rs 0.75 Crore. This leads to a total tax demand of Rs 0.78 Crore. The company confirmed that this amount will be fully adjusted against the available MAT credit, mitigating any immediate financial impact on its cash flows.

The company accepted the order and stated that there are no aberrations, non-compliances, penalties, or sanctions imposed pursuant to the communication.