[Nova Agritech Limited](nova agritech) reported a 53% decline in consolidated revenue to ₹26,176.30 lakh for the year ended March 31, 2026, primarily due to a temporary suspension of manufacturing and marketing operations caused by a delay in renewing its Fertiliser Marketing Authorization License. The company posted a consolidated net profit of ₹1,283.84 lakh for the year, while standalone net profit stood at ₹393.92 lakh. The license has since been renewed on January 20, 2026, and operations have fully resumed.

The Board of Directors, in its meeting held on May 30, 2026, approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The statutory auditors, M/s NSVR & Associates LLP, issued an unmodified opinion on the financial results. The disclosures regarding these appointments were made pursuant to the SEBI Master Circular dated January 30, 2026.

Financial Performance

The company's revenue decline was attributed to the temporary suspension of operations for its registered biostimulant products after the Fertiliser Marketing Authorization License lapsed on June 16, 2025. The management stated that the decline is temporary and not indicative of any structural weakness in the business. Consolidated revenue for the year decreased from ₹29,659.89 lakh in the previous year to ₹26,176.30 lakh in FY26.

Auditor and Compliance Details

NSVR & Associates LLP, the Statutory Auditors, issued an unmodified opinion on the standalone and consolidated financial results. The auditors drew attention to the note regarding the decline in revenue due to the license delay. The CFO and Managing Director provided a compliance certificate confirming that no fraudulent, illegal, or violative transactions occurred during the quarter and year ended March 31, 2026, and that internal controls over financial reporting were effective.

The company confirmed that it does not fall under the category of "Large Corporate" as on March 31, 2026, as per the SEBI framework for fund raising by issuance of debt securities. Consequently, the relevant disclosure requirements under the specified SEBI circular are not applicable.

Nova Agritech Limited has intimated the stock exchanges of the resignation of its Company Secretary & Compliance Officer, Ms. Neha Soni (Membership No. FCS 13390), effective 16th May 2026, from the close of business hours. The disclosure was made under Regulation 30 read with para "A" of Part "A" of Schedule III of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, and in compliance with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November 2024.

Resignation Details

Ms. Neha Soni tendered her resignation vide letter dated 15th May 2026, citing the pursuit of alternative career opportunities as the reason for her departure. The Board of Directors approved the resignation through a circular resolution passed on 15th May 2026. The company has received confirmation from Ms. Soni that there are no other material reasons for her resignation beyond those stated in her resignation letter.

The key details of the resignation are summarised below:

Regulatory Compliance

The intimation was submitted to both BSE Limited and the National Stock Exchange of India Limited on 15th May 2026. The disclosure, along with the resignation letter, was enclosed as Annexure A in accordance with the applicable SEBI circular. The communication was signed by Rajesh Cherukuri, Whole-Time Director (DIN: 09840611), on behalf of Nova Agritech Limited.

In her resignation letter addressed to the Board of Directors, Ms. Soni confirmed that no material reason other than alternative career opportunities prompted her decision. She also acknowledged the support and cooperation extended by the Board and management during her tenure with the company. The resignation was formally accepted by Kiran Kumar Atukuri, Managing Director (DIN: 08143781).