Purple Agrotech Industries appointed CS Alpana Sethia as its Secretarial Auditor for the financial year 2025-26. The Board of Directors approved the move on August 21, 2026, to fill a casual vacancy in the role.

The company disclosed the outcome of its board meeting held on Friday, August 21, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting commenced at 3:00 pm and concluded at 3:50 pm.

Appointment Details

CS Alpana Sethia, a Practicing Company Secretary with membership number A15758 and COP number 5098, will hold office until the conclusion of the next Annual General Meeting of the Company.

Professional Profile

CS Alpana brings 23 years of professional experience in corporate laws, secretarial audit, NBFC compliances, securities laws, and corporate compliance. Her expertise covers matters relating to the Companies Act, 2013, SEBI Regulations, and Secretarial Standards.

The company stated there are no relationships between directors and the appointed auditor. Purple Agrotech Industries Limited, formerly known as Purple Entertainment Limited, is headquartered in Ahmedabad.

Purple Agrotech Industries Limited reported a significant contraction in profitability for the first quarter of FY26, with net profit falling to ₹3.02 crore from ₹9.90 crore in the same quarter of the previous fiscal year. The Ahmedabad-based company’s revenue from operations stood at ₹141.49 crore, a stark contrast to the ₹1,999.59 crore logged in the preceding quarter (Q4FY25), highlighting volatile operational activity.

The Board of Directors approved the unaudited financial results in a meeting held on August 14, 2026. Alongside the financials, the company disclosed the resignation of M/s Khushbu Trivedi & Associates as its secretarial auditor, effective immediately due to personal reasons.

Financial Performance

The company’s total income for Q1FY26 was ₹146.14 crore, comprising ₹141.49 crore from operations and ₹4.65 crore from other income. This compares to total income of ₹2,039.33 crore in Q4FY25 and ₹31.43 crore in Q1FY25.

Expenses totaled ₹142.08 crore for the quarter. The primary cost driver was the purchase of stock-in-trade at ₹176.10 crore, though this was partially offset by a reduction in inventory values amounting to (₹47.79 crore). In contrast, expenses in Q4FY25 were ₹2,040.34 crore, driven by stock purchases of ₹1,482.24 crore and inventory increases of ₹509.82 crore.

Profit before tax was ₹4.06 crore, down from a loss of ₹1.01 crore in Q4FY25 and lower than the ₹13.22 crore profit in Q1FY25. Tax expense for the quarter was ₹1.04 crore, including ₹1.02 crore in current tax and ₹0.02 crore in deferred tax.

What the Numbers Show

A notable divergence exists between the company’s operational scale and its profitability drivers. While revenue dropped significantly from the previous quarter, the company returned to profitability after a loss-making Q4FY25. However, the reliance on inventory management is evident; the negative change in inventories (₹47.79 crore) reduced total expenses, effectively boosting the bottom line despite high stock purchases. This suggests that profit margins are heavily influenced by inventory valuation adjustments rather than pure operational efficiency gains.

Corporate Developments

M/s Khushbu Trivedi & Associates resigned as secretarial auditors for FY25-26. The firm cited personal reasons and confirmed there were no other material reasons for the resignation. The statutory auditors, M/s H S K & Co. LLP, issued an unmodified conclusion on the limited review of the quarterly results.