shivagrico implements will hold its 47th Annual General Meeting (AGM) on August 20, 2026, via Video Conferencing or Other Audio-Visual Means (VC/OAVM), to secure shareholder approval for key board appointments and the adoption of audited financial statements for the fiscal year ended March 31, 2026 (FY26). The primary focus is the re-appointment of Managing Director Vimalchand Jain, who has served since 1971, alongside the induction of new independent and non-independent directors to strengthen governance. This leadership continuity comes as the company reports a significant 77.71% rise in profit before tax to ₹69.29 lakh in FY26, driven by reduced fuel costs from the withdrawal of coal cess and improved export performance.

The re-appointment of Mr. Vimalchand Jain as Managing Director for three years, commencing August 14, 2026, requires a special resolution under Section 196(3) of the Companies Act, 2013, and Regulation 17(1A) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as he has attained the age of 77 years. He will continue to serve without remuneration, compensation, or sitting fees. Additionally, Mr. Hemant Ranawat, Executive Director and Chief Financial Officer, retires by rotation and offers himself for re-appointment as an ordinary resolution.

The Board also seeks approval for three new director appointments. Mr. Vinit Ranawat will be appointed as a Non-Executive Non-Independent Director, effective retrospectively from August 12, 2025. Two new Non-Executive Independent Directors, Mr. Arvind Kumar Joshi and Mrs. Kavita Rakesh Jain, will be appointed for five-year terms commencing February 26, 2026, to February 25, 2031. These appointments require special resolutions pursuant to Sections 149 and 152 of the Companies Act, 2013, based on recommendations from the Nomination and Remuneration Committee citing their expertise in business management, technology, and sales.

Financially, Shivagrico Implements demonstrated resilience in FY26, reporting total income of ₹4,756.04 lakh, a 9.32% increase from ₹4,350.39 lakh in the previous year. Profit after tax marginally increased to ₹38.60 lakh from ₹37.78 lakh. Export sales grew by 7.03% to ₹746.30 lakh. However, total borrowings increased to ₹1,756.89 lakh from ₹1,583.53 lakh in the prior year. The Board decided not to declare a dividend for FY26 to conserve resources.

Key Financial Metrics FY26

Governance and Compliance

The remote e-voting period runs from August 17, 2026, at 9:00 a.m. to August 19, 2026, at 5:00 p.m., facilitated by National Securities Depository Limited (NSDL). The record date for determining voting eligibility is August 13, 2026. The register of members will remain closed from August 17, 2026, to August 20, 2026. Statutory Auditors Ambavat Jain & Associates LLP issued an unmodified opinion on the financial statements, confirming compliance with Indian Accounting Standards (Ind AS). Secretarial Auditor A.D. Parekh & Associates confirmed adherence to applicable statutory provisions under the Companies Act, 2013, and SEBI Listing Regulations.

Shivagrico Implements reported a net profit of ₹38.59 lakh for the financial year ended March 31, 2026, marking a 2.2% increase from ₹37.76 lakh in the previous year. Revenue from operations grew to ₹4,718.06 lakh from ₹4,310.27 lakh in FY25, driven by higher sales in both domestic and overseas markets. The company's total income from operations for the year stood at ₹4,756.04 lakh. The audited standalone financial results, approved at a Board meeting held on May 29, 2026, were subsequently published in the Financial Express and Mumbai Lakshadweep daily newspapers on May 31, 2026, pursuant to Regulation 33 read with Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The statutory auditor, Ambavat Jain & Associates LLP, issued an unmodified opinion on the results. The financial statements were prepared in compliance with the Indian Accounting Standards (Ind AS) and the provisions of the Companies Act, 2013. The submission to BSE Limited was made by Jinal Joshi, Company Secretary & Compliance Officer, on behalf of Vimalchand Jain, Managing Director & Chairman.

For the quarter ended March 31, 2026, the company recorded a net profit of ₹13.90 lakh, a decline from ₹23.00 lakh in the corresponding quarter of the previous year. Total income from operations for the quarter stood at ₹1,210.55 lakh, compared to ₹1,244.46 lakh in the year-ago quarter. Total expenses for the quarter were ₹1,187.64 lakh.

Financial Performance

The company's earnings per share (EPS) for the full year improved to ₹0.77 from ₹0.75 in the previous year. For the quarter, basic and diluted EPS stood at ₹0.28. The profit before tax for the year increased to ₹69.29 lakh from ₹38.97 lakh in FY25. The following table summarises the key annual financial metrics:

Segment Revenue

Shivagrico Implements operates primarily in the Rolling and Forging of Agriculture Implements segment. Revenue from India for the year ended March 31, 2026, was ₹3,970.69 lakh, while revenue from other overseas locations stood at ₹747.37 lakh, reflecting growth across both geographies compared to the previous year.

Financial Position

The company's total assets as of March 31, 2026, stood at ₹2,823.08 lakh, up from ₹2,603.99 lakh in the previous year. The net worth of the company as per the audited accounts was ₹785.69 lakh, with a paid-up equity share capital of ₹501.36 lakh and reserves (excluding revaluation reserve) of ₹327.70 lakh.