Octavius Plantations reported a sharp 125% surge in total revenue to ₹646.4 crore for FY26, compared to ₹287.6 crore in FY25. Despite the top-line growth, net profit after tax declined 5% to ₹8.2 crore from ₹8.7 crore in the previous year.

The company’s board of directors approved the integrated annual report and notice for its 42nd Annual General Meeting (AGM) on September 3, 2026. The meeting, originally rescheduled from August 31, focused on finalizing statutory reports for the financial year ended March 31, 2026.

Financial Performance

The financial results highlight a divergence between revenue growth and profitability:

Total expenses rose proportionally with revenue, limiting the impact of higher sales on bottom-line earnings. Earnings per share fell to ₹2.75 from ₹2.90 in the prior year.

What the Numbers Show

While revenue more than doubled, driven by trading activities in commodities such as maize, rice, and coffee, the near-parity rise in total expenses indicates thin operating margins. The slight decline in PAT despite pre-tax profit growth was primarily due to a higher tax expense of ₹1.7 crore compared to ₹0.8 crore in FY25.

AGM Details and Director Appointments

The 42nd AGM is scheduled for September 29, 2026, at 1:00 pm via video conferencing. Key agenda items include:

• Adoption of audited financial statements for FY26.
• Re-appointment of Mr. Raj Kumar Jain as an Executive Non-Independent Director.
• Re-appointment of Mr. Anil Kumar Ravindran as an Independent Director for a second five-year term.

The Board did not recommend any dividend for FY26, opting to retain earnings to strengthen the reserve base. The record date for voting is set as September 22, 2026, with remote e-voting available from September 26 to September 28, 2026.

Auditor Observations

Statutory auditors V. Singhi & Associates issued a qualified opinion on the financial statements. Key qualifications included:

• Non-presentation of ageing schedules for Capital Work-in-Progress as required under Schedule III.
• Lack of actuarial valuation for gratuity and defined employee benefit obligations.
• Non-compliance with Ind AS 16 and Ind AS 41 regarding bearer plants and biological assets.

Additionally, the secretarial audit report noted that independent directors had not cleared the mandatory online self-assessment proficiency test, and the company had incurred a ₹2,000 penalty from BSE under SEBI LODR regulations.

Octavius Plantations has postponed its board of directors meeting originally scheduled for August 21, 2026. The company cited unavoidable circumstances for the delay, rescheduling the session to August 31, 2026, at 3 pm.

The board intends to use the meeting to finalize preparations for the 42nd Annual General Meeting (AGM) and approve financial documents for FY26.

Agenda Items

The rescheduled meeting will cover several key corporate governance and administrative matters:

• Fixing the date, time, and place for the 42nd AGM
• Determining the closure dates for registers and share transfer books
• Setting the record date and period for e-voting facilities
• Approving the notice for the 42nd AGM
• Endorsing the directors’ report along with all annexures
• Finalizing and approving the 42nd annual report for FY25-26

Director Re-appointments

The board also plans to propose the re-appointment of two directors, subject to shareholder approval at the upcoming AGM:

• Mr. Raj Kumar Jain (DIN: 03505168)
• Mr. Anil Kumar Ravindran (DIN: 08519787) as a director and independent director

Additionally, the board will appoint a scrutinizer to verify the e-voting process for the AGM.

Regulatory Compliance

The company notified the BSE Limited regarding this change in accordance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notice was issued by Princi Jain, Director and Authorized Signatory.