Purple Agrotech Industries Limited has appointed Mrs. Lata Gaurav Kimtani as an Additional Non-Executive Independent Director for a term of five years effective June 3, 2026. The appointment, recommended by the Nomination and Remuneration Committee, is subject to shareholder approval in the ensuing general meeting. Mrs. Kimtani holds a Master’s degree in Commerce and possesses experience in accounting and finance, meeting the independence criteria under Section 149(6) of the Companies Act and SEBI (LODR) Regulations, 2015.

Simultaneously, the Board accepted the resignation of Mrs. Jalpaben Nirav Joshi from the post of Independent Director, effective from the close of business hours on June 3, 2026. Mrs. Joshi cited preoccupation as the reason for her resignation and confirmed there were no other material reasons for her departure. The Board placed on record its appreciation for her contributions during her tenure.

Following these changes, the Board of Directors reconstituted its key committees effective June 4, 2026. Mrs. Lata Gaurav Kimtani has been appointed Chairman of the Audit Committee, while Mr. Manthan Gumansinh Thakor serves as a member. Mr. Naishadh Dineshbhai Modi, Managing Director & CFO, is also a member of the Audit Committee.

In the Nomination and Remuneration Committee, Mr. Manthan Gumansinh Thakor serves as Chairman. Mrs. Lata Gaurav Kimtani and Mr. Pradip Sudhakarbhai Birewar are members, with the latter being a Non-Independent Non-Executive Director. These changes were disclosed to the stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Committee Composition

Purple Agrotech Industries Limited reported a net profit of ₹16.45 lakh for the financial year ended March 31, 2026, a decrease from ₹30.80 lakh in the previous year. The company recorded revenue from operations of ₹1,999.59 lakh for FY26, compared to nil in the prior year. For the quarter ended March 31, 2026, the company reported a net loss of ₹0.74 lakh.

The Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 29, 2026. Additionally, the Board appointed Mr. Naishadh Dineshbhai Modi, Managing Director & CFO, as Chairman of the Company effective immediately. The statutory auditors, M/s. HSK & Co. LLP, issued an unmodified opinion on the audited financial results.

Financial Performance

The company's total income for FY26 stood at ₹2,101.10 lakh, up from ₹123.01 lakh in the previous year. Total expenses for the year increased to ₹2,077.75 lakh from ₹81.68 lakh in FY25. The profit before tax for the year was ₹23.35 lakh, lower than the ₹41.33 lakh reported in the preceding year.

Key Financial Metrics (FY26)

Balance Sheet and Cash Flows

As of March 31, 2026, the company's total assets stood at ₹2,109.30 lakh, an increase from ₹1,933.31 lakh in the previous year. Shareholders' funds improved to ₹1,027.85 lakh from ₹1,011.40 lakh. Cash and cash equivalents surged to ₹589.73 lakh as of March 31, 2026, compared to ₹58.00 lakh a year earlier.

The net cash flow generated from operating activities was negative at ₹(496.65) lakh for FY26, compared to a positive inflow of ₹331.57 lakh in the previous year. Investing activities provided a net cash inflow of ₹1,050.67 lakh, primarily driven by an increase in loans and redemption of fixed deposits.