Shivagrico Implements held its 47th Annual General Meeting (AGM) on August 20, 2026, through Video Conferencing and Other Audio-Visual Means (OAVM). The meeting commenced at 11:00 am and concluded at 11:48 am, with 28 members holding an aggregate of 28,90,052 equity shares in attendance.

The primary agenda items included the receipt and consideration of the Audited Financial Statements for the financial year ended March 31, 2026, along with the Board of Directors' and Auditors' reports. Additionally, shareholders addressed multiple special business items concerning board composition.

Board Appointments and Re-appointments

The meeting focused significantly on governance changes, with several director appointments and re-appointments on the agenda:

• Re-appointment of Mr. Hemant Ranawat as a director, replacing his tenure which retired by rotation.
• Re-appointment of Mr. Vimalchand Jain as Managing Director for a period of three years.
• Appointment of Mr. Vinit Ranawat as a Non-Executive Non-Independent Director.
• Appointment of Mr. Arvind Joshi as a Non-Executive Independent Director.
• Appointment of Mrs. Kavita Jain as a Non-Executive Independent Director.

Voting and Procedural Details

The Company Secretary informed members that remote e-voting was facilitated via the NSDL platform from August 17, 2026, at 9:00 am to August 19, 2026, at 5:00 pm. An additional e-voting window remained open for 15 minutes during the meeting for those who had not voted remotely.

Mr. Narayan Parekh from PRS Associates was appointed as the Scrutinizer for the meeting. The Company disclosed that the consolidated voting results and the Scrutinizer's Report would be uploaded to its website and the NSDL portal, with results declared on or before August 21, 2026. No qualifications or adverse observations were noted in the auditors' report during the proceedings.

Shivagrico Implements Ltd reported a net profit of ₹6.09 lakh for the quarter ended June 30, 2026, compared to a net profit of ₹0.03 lakh in the corresponding period of FY26. The company’s revenue from operations stood at ₹1,163.59 lakh, down 0.7% from ₹1,172.34 lakh in Q1FY26.

The Board of Directors approved the unaudited financial results in a meeting held on August 12, 2026. The results were reviewed by statutory auditors S. Ambavne Jain & Associates LLP.

Financial Performance

Total income from operations was ₹1,172.41 lakh, including other operating income of ₹8.82 lakh. Total expenses for the quarter were ₹1,164.70 lakh.

Earnings per share (basic and diluted) were ₹0.12, up from nil in the previous year’s quarter. Tax expense for the quarter was ₹1.62 lakh, comprising current tax of ₹6.65 lakh and deferred tax benefit of ₹5.03 lakh.

Segment-wise Revenue

Revenue from domestic operations in India declined to ₹943.06 lakh from ₹1,016.97 lakh in Q1FY26. Conversely, revenue from other overseas locations increased significantly to ₹220.53 lakh from ₹155.37 lakh during the same period.

What the Numbers Show

The company’s profit improvement was driven by a sharper decline in total expenses than in revenue. While revenue fell by approximately ₹8.75 lakh year-on-year, total expenses decreased by roughly ₹8.25 lakh. Additionally, the shift in revenue mix towards higher-growth overseas markets suggests a diversification strategy, even as domestic sales contracted.

Balance Sheet Indicators

As per the disclosure, total financial indebtedness, including short-term and long-term debt, stood at ₹1,786.22 lakh. Loans and revolving facilities outstanding were ₹1,317.96 lakh, with no defaults reported as on the date of filing.