Satiate Agri Limited reported a consolidated net loss of ₹327.51 lakh for the financial year ended March 31, 2026, widening from the loss of ₹104.17 lakh recorded in the previous year. The company's total income for the year stood at ₹1161.88 lakh, while total expenses reached ₹1438.41 lakh. The statutory auditors, M/s. S. N. Gadiya & Co., issued an unmodified opinion on the audited standalone and consolidated financial results, which were reviewed by the Audit Committee and approved by the Board on May 30, 2026.

Financial Performance

The standalone financial results for FY26 showed a net loss of ₹274.28 lakh. Revenue from operations for the year was ₹1161.88 lakh, with other income contributing ₹2.25 lakh. Total expenses for the period included significant finance costs of ₹57.07 lakh and purchases of stock in trade amounting to ₹1143.06 lakh. The company reported a basic and diluted earnings per share (EPS) of ₹(9.37) for the standalone results.

Consolidated Results

On a consolidated basis, the net loss for FY26 was ₹327.51 lakh. The results include the financial performance of the company's associates, Alpha Tar Industries Private Limited and Digital Micron Roto Printers Private Limited, which were acquired during the year. The share of loss of associates for the year was ₹53.23 lakh. Total consolidated income was ₹1164.13 lakh, with total expenses rising to ₹1438.41 lakh.

Key Disclosures and Legal Matters

The financial statements include significant disclosures regarding ongoing legal disputes. The erstwhile management had availed a loan of ₹405 Lakhs from Colama Commercial Ltd, which the company disputes on grounds of fraud; this matter is pending before the National Company Law Tribunal (NCLT), Indore bench. Consequently, no provision has been made for the principal amount or the related interest. Additionally, the company has received notices under the Insolvency and Bankruptcy Code (IBC), 2016 from Colama Commercial Ltd for an alleged default of ₹405.00 Lakhs and from Poonam Impex for an alleged default of ₹102.74 Lakhs. The company believes it has a strong case in both matters based on legal opinion.

Operational and Management Changes

During the year, the company underwent a change in management effective August 25, 2025. The new management noted that the erstwhile management did not hand over physical stock and detailed inventory records. As a result, the auditors were unable to observe physical inventory counting, leading to a provision for a shortage of ₹214.03 lakhs. A complaint has been filed with the Economic Offences Wing in Indore against the erstwhile management. Furthermore, the company appointed M/s. Pitia & Co., Chartered Accountants, to conduct a forensic audit for the period April 1, 2024, to March 31, 2025, regarding the disputed loan.

Satiate Agri Limited is not required to comply with the related party transaction provisions under Regulation 23 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the half year ended March 31, 2026. The company communicated this exemption to BSE Limited, citing specific financial thresholds that allow for non-applicability of certain corporate governance norms.

The exemption is based on Regulation 15(2) of the SEBI regulations, which states that compliance with provisions from Regulations 17 to 27(2) is not mandatory for companies with a paid-up equity share capital not exceeding ₹10 crore and a net worth not exceeding ₹25 crore as on the last day of the previous financial year. Satiate Agri Limited confirmed that its financial metrics as on March 31, 2026, fall within these limits.

Financial Thresholds for Exemption

The following table outlines the financial criteria that determine the company's eligibility for the exemption from corporate governance provisions:

Regulatory Implications

Due to these thresholds, Satiate Agri Limited is exempt from complying with the Corporate Governance provisions specified in regulations 17 to 27. Additionally, the company is not required to adhere to clauses (b) to (i) of sub-regulation (2) of regulation 46, paragraphs C, D, and E of Schedule V, and cyber security incident disclosures. The filing was submitted by Priya Bhandari, Company Secretary & Compliance Officer of Satiate Agri Limited.