Mukta Agriculture has scheduled its 15th Annual General Meeting (AGM) for Tuesday, September 29, 2026. The meeting will be held at 12:00 pm through Video Conferencing or Other Audio-Visual Means (VC/OAVM).

The Board of Directors fixed the closure of the Register of Members and Share Transfer Books from Wednesday, September 23, 2026, to Tuesday, September 29, 2026 (both days inclusive). This closure is pursuant to Section 91 of the Companies Act, 2013 and Regulation 42(2) of the SEBI Listing Regulations.

E-Voting and Cut-off Details

Shareholders must hold shares as of the cut-off date to participate in voting. The remote e-voting period begins on Saturday, September 26, 2026, at 9:00 am and ends on Monday, September 28, 2026, at 5:00 pm.

Director Appointment and Governance

The board previously approved the appointment of Mr. Nikhil Kumar Rungta as a non-executive independent director for a five-year term during its meeting on August 26, 2026. His appointment was recommended by the Nomination and Remuneration Committee and is subject to shareholder approval at the ensuing AGM. He will serve until September 28, 2031.

Mr. Rungta holds a BLS LLB qualification and has over 13 years of experience in corporate laws, indirect taxes, and arbitration. He currently practices at the Bombay High Court. The company confirmed he has no inter-se relationship with existing directors or key managerial personnel and is not debarred from holding office by SEBI or any other authority.

Other Board Approvals

The board adopted the Secretarial Audit Report issued by M/s. Ritika Agrawal & Associates for FY26. It also approved the Directors’ Report and related annexures for the financial year ended March 31, 2026.

Mukta Agriculture Limited reported a net profit of ₹8.50 lakh for the first quarter ended June 30, 2026, marking a significant turnaround from the net loss of ₹10.80 lakh recorded in Q1FY25. The Board of Directors approved the unaudited standalone financial results on July 28, 2026. This return to profitability is notable as it occurred despite the company recording zero revenue from operations, indicating that the positive bottom line was driven entirely by non-operating factors and cost containment rather than core business sales.

The company’s total income for the quarter stood at ₹16.42 lakh, derived exclusively from other income. This figure represents a decline from ₹35.65 lakh reported in Q4FY26. Total expenses were contained at ₹7.92 lakh, comprising employee benefit expenses of ₹5.60 lakh and other expenses of ₹2.32 lakh. No tax expense was reported for the quarter, allowing the pre-tax profit to flow directly to the bottom line. The paid-up equity capital remained unchanged at ₹2,168.18 lakh.

Financial Performance

What the Numbers Show

The shift to profitability in Q1FY27 is attributable solely to non-operating factors, as revenue from operations remained nil. While other income declined significantly quarter-on-quarter from ₹35.65 lakh to ₹16.42 lakh, the reduction in total expenses compared to the prior year’s period helped secure a positive outcome. In Q1FY25, total expenses of ₹10.80 lakh against nil income resulted in a loss of ₹10.80 lakh. In the current quarter, lower other expenses (₹2.32 lakh vs ₹5.14 lakh in Q1FY25) contributed to the improved margin, even though employee benefits remained relatively stable. The company operates within a single operating segment, so segment-wise disclosures are not applicable under IND AS 108.

Regulatory Compliance

The results were prepared in accordance with IND AS as prescribed under Section 133 of the Companies Act, 2013. The filing complies with Regulation 30 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Ashok Raju Shetty, Partner at Ashok Shetty & Co (FRN: 117134W), expressed an unmodified review opinion, stating that nothing came to their attention to suggest material misstatement. The results are hosted on the company website and will be published in newspapers as per Regulation 47(1).