Raghuvansh Agrofarms has confirmed that its register of members and share transfer books will remain closed from September 18, 2026, to September 25, 2026. This closure facilitates the determination of shareholders eligible to attend the company’s 30th Annual General Meeting scheduled for September 25, 2026.

The meeting will convene at 11:00 am at the company’s registered office in Kanpur, Uttar Pradesh. Shareholders are set to transact both ordinary and special business during the session. The primary ordinary business involves receiving, considering, and adopting the audited financial statements for the fiscal year ended March 31, 2026. This includes reviewing the reports of the directors and auditors.

Director Appointments

The agenda includes significant changes to the board composition. Ms. Kavya Agarwal, who retires by rotation, offers herself for reappointment as a director. She currently holds no equity shares in the company and serves as the daughter of Managing Director Mr. Subodh Agarwal.

Under special business, shareholders will vote to appoint Mr. Akhilesh Kumar Dwivedi as a Non-Executive Independent Director. The Nomination and Remuneration Committee recommended his appointment following an evaluation of his skills and experience. Mr. Dwivedi, a retired Wing Commander from the Indian Air Force, brings over 34 years of experience in operations management, legal frameworks, and financial auditing.

Meeting Logistics

Members entitled to attend may appoint a proxy, who need not be a member of the company. Proxies must be received by the company at least 48 hours before the meeting commences.

Corporate members sending authorized representatives must submit a certified copy of their board resolution. Joint holders attending the meeting will have voting rights determined by the order of names registered.

Independent Director Profile

Mr. Akhilesh Kumar Dwivedi holds a Master of Commerce degree and a Bachelor of Laws degree. He is also a qualified Company Secretary and has cleared the Chartered Accountant (Inter) examination. His expertise covers internal audits, risk mitigation, and strategic planning. He does not hold any equity shares in Raghuvansh Agrofarms and is not related to any existing director or key managerial personnel.

Raghuvansh Agrofarms reported a standalone net profit of ₹3.77 crore for the financial year ended March 31, 2026, down from ₹4.98 crore in the previous year. The company's turnover declined to ₹4.94 crore from ₹6.43 crore in FY25.

The 30th Annual General Meeting is scheduled for September 25, 2026, in Kanpur. The Board of Directors has proposed the appointment of Mr. Akhilesh Kumar Dwivedi as an independent director for a five-year term.

Financial Performance

Standalone revenue from operations fell to ₹4.94 crore in FY26 compared to ₹6.43 crore in FY25. Other income stood at ₹5.53 crore, slightly lower than the ₹5.79 crore recorded in the prior year. Profit before tax decreased to ₹4.64 crore from ₹6.30 crore.

On a consolidated basis, the group reported revenue of ₹7.67 crore, a significant decrease from ₹10.34 crore in FY25. Consolidated net profit after tax was ₹4.35 crore, down from ₹6.29 crore.

What the Numbers Show

Other income constituted the majority of the company's total revenue, accounting for approximately 53% of the standalone total revenue of ₹10.47 crore. This indicates that core operational turnover contributes less than half of the top-line figures, with interest income or other non-operating receipts driving the bulk of revenue recognition.

Balance Sheet and Capital Structure

As of March 31, 2026, long-term borrowings reduced significantly to ₹4.87 crore from ₹8.86 crore in the previous year. Short-term borrowings increased marginally to ₹3.99 crore from ₹3.61 crore. The debt-to-equity ratio improved to 0.13 from 0.14.

Cash and cash equivalents declined to ₹30.68 lakh from ₹63.73 lakh. Inventories dropped sharply to ₹26.85 lakh from ₹78.44 lakh, reflecting a reduction in stock-in-trade and finished goods.

Corporate Developments

The Board did not recommend any dividend for FY26 to conserve resources. There were no changes in the issued share capital during the year. The company continues its operations in agricultural produce, dairy products, and organic manure manufacturing through its subsidiaries Sanjeevani Fertilizers and Chemicals Private Limited and Kanpur Organics Private Limited.