Nagarjuna Agri-Tech Limited has accepted the resignation of Sumit Sengupta as a member of its Board of Directors, effective July 31, 2026. The company notified the BSE on August 1, 2026, stating that Sengupta stepped down due to preoccupation with other professional assignments. This leadership change marks an update to the company’s governance structure without indicating any operational disruption or material conflict.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. Deepika Bhutra, Company Secretary and Compliance Officer, signed the submission to the exchange. The filing included Annexure-A detailing the cessation event and Annexure-B containing the original resignation letter dated July 31, 2026.

Sengupta, identified by DIN 09184493, confirmed in his resignation letter that there were no other material reasons for his departure aside from his engagement in other assignments. He thanked the Board and shareholders for the opportunity to serve during his tenure. His resignation became effective at the closure of business hours on July 31, 2026.

Resignation Details

The company’s corporate office remains located at Chatterjee International Centre in Kolkata, while its registered office is situated in Madhapur, Hyderabad. No immediate replacement for Sengupta was announced in this disclosure.

Nagarjuna Agri-Tech Limited reported a net profit of ₹156.89 lakh for the financial year ended March 31, 2026, a significant increase from ₹46.27 lakh in the previous year. Revenue from operations surged to ₹5,160.99 lakh for FY26, compared to ₹0.61 lakh in FY25. The board of directors approved the audited financial results for the fourth quarter and the full year during a meeting held on May 29, 2026, at the corporate office in Kolkata. The statutory auditors, M/s Agarwal Khetan & Co, issued an unmodified opinion on the standalone and consolidated financial statements.

Financial Performance

For the quarter ended March 31, 2026, revenue stood at ₹2,147.89 lakh. The basic earnings per share (EPS) for the year was ₹1.56, up from ₹0.49 in FY25. Total assets for the standalone entity grew to ₹20,889.18 lakh as of March 31, 2026, from ₹717.04 lakh in the prior year. The company also reported consolidated revenue of ₹5,258.76 lakh for FY26.

Acquisition Updates

The board approved extensions for the acquisition of three target entities to diversify into the food and beverages industry. The company plans to acquire 100% of Kathleen Confectioners and Kathleen Food Private Limited for an investment of up to ₹15 crore. Additionally, it will acquire 100% of Rafflesia Confectionary for approximately ₹3 crore and a 60% stake in Aarini Gourmet LLP for about ₹3.75 crore. All acquisitions are expected to be completed on or before September 30, 2026.

Operational Details

The trading window closure, which commenced on April 1, 2026, for designated persons and their relatives, will reopen 48 hours after the declaration of the audited financial results. The meeting commenced at 5:00 PM and concluded at 6:30 PM on May 29, 2026.