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).

Mukta Agriculture Limited has informed the Bombay Stock Exchange that Manaklal Agrawal (DIN: 10214780) will cease to serve as an Independent Director effective July 27, 2026. The cessation occurs solely due to the completion of his term of office and is not attributable to any other reason, according to a filing under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This routine transition ensures continuity in governance without disruption to ongoing operations.

The company disclosed the change pursuant to SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. Mr. Agrawal’s exit triggers a reconstitution of the Board Committees, approved by the Board of Directors at its meeting held on May 15, 2026. These revised compositions become effective from the close of business hours on July 27, 2026.

Committee Reconstitution Details

Upon Mr. Agrawal’s departure, Himanshu Agarwal, an Independent Director, assumes the chairmanship of the Audit Committee and the Stakeholders Relationship Committee. Ms. Nirali Thingalaya, also an Independent Director, takes over as Chairperson of the Nomination and Compensation Committee. Mr. Krishan Khadaria continues as a member across all three statutory committees.

Governance Impact

The transition maintains the required independence and expertise within the statutory committees. Himanshu Agarwal’s assumption of dual chair roles in the Audit and Stakeholders Relationship Committees centralizes oversight responsibilities within the independent directorate. Meanwhile, Nirali Thingalaya’s leadership of the Nomination and Compensation Committee ensures balanced representation in executive remuneration and appointment decisions. The company expressed gratitude for Mr. Agrawal’s contributions during his tenure, noting no adverse factors associated with his exit.