Narmada Agrobase reported a net profit of ₹385.73 lakh for the financial year ended March 31, 2026, reflecting a 5.6% increase compared to ₹408.79 lakh in the previous year. Revenue from operations for FY26 stood at ₹7839.36 lakh, up 19.3% from ₹6567.66 lakh in FY25. For the quarter ended March 31, 2026, the company recorded a profit of ₹79.83 lakh on revenue from operations of ₹3400.47 lakh.

The Board of Directors approved the audited standalone financial results for the quarter and year ended March 31, 2026 at a meeting held on May 29, 2026. Statutory auditors M/s Jain Kedia & Sharma issued an unmodified opinion on the financial results. The company confirmed there were no deviations in the use of proceeds from its rights issue, with ₹770 lakh remaining unutilized and held in fixed deposits as of March 31, 2026.

Financial Performance

Total revenue for FY26 increased to ₹7966.75 lakh from ₹6633.91 lakh in the previous year. Total expenses rose to ₹7446.16 lakh from ₹6118.25 lakh. The company reported an earnings per share (EPS) of ₹1.02 for FY26, compared to ₹1.56 in the prior year.

Corporate Actions

The board approved the sub-division of one equity share of face value ₹10 each into two equity shares of face value ₹5 each. This split is subject to shareholder and regulatory approvals. The authorized share capital will be altered to ₹38 crore divided into 7.6 crore equity shares of ₹5 each. The record date for the split will be intimated separately.

Narmada Agrobase confirmed it does not fall under the category of Large Corporates as per SEBI circular dated November 26, 2018, with outstanding borrowings of ₹10.09 crore as of March 31, 2026.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE117Z01011/1b4429fb-ab77-48b2-9696-d3ce7805e789.pdf

Narmada Agrobase Ltd has approved a variation in the objects of its Rights Issue to modify the utilisation of net proceeds from the equity share issue, subject to shareholder approval. The decision was taken during a board meeting held on June 16, 2026, and revises the terms originally outlined in the Letter of Offer dated September 17, 2024. This change requires the consent of the shareholders and other necessary regulatory approvals before implementation.

The board also approved the re-appointment of Jain Kedia and Sharma Chartered Accountants as statutory auditors of the company for another term of 4 years. Their remuneration will be fixed subject to the approval of the shareholders. Additionally, the board appointed Mr. Rajesh Kumar as the Internal Auditor for the financial year 2026-27.

The 14th Annual General Meeting of the company is scheduled to be held on July 18, 2026, at 11:30 A.M. IST through video conferencing or other audio-visual means. The board approved the notice calling for the meeting and appointed Mr. Punit Santoshkumar Lath as the scrutinizer for the e-voting process on the resolutions proposed at the AGM. Furthermore, the board considered and approved the Directors Report and other annexures for the financial year ending March 31, 2026.

Key Board Approvals