shri vasuprada plantations reported a standalone net loss of ₹699.03 lacs for the financial year ended March 31, 2026 (FY26), marking a significant reversal from the net profit of ₹597.01 lacs recorded in FY25. The decline was primarily attributed to higher operating expenses and increased finance costs, which offset growth in revenue from operations. Consolidated revenue rose 8.5% to ₹14,361.93 lacs from ₹13,240.26 lacs in the prior year, supported by robust production volumes across its tea, coffee, and rubber segments.

The company’s 152nd Annual General Meeting is scheduled for August 31, 2026, to be held via video conferencing. Key agenda items include the adoption of audited standalone and consolidated financial statements for FY26 and the re-appointment of Hemant Bangur as a director liable to retire by rotation. Shareholders will also vote on the ratification of remuneration for M/s. Dipak Lal & Associates as Cost Auditors for FY27, approved at ₹1,50,000 plus applicable taxes.

Financial Performance

Standalone revenue from operations increased 9.2% to ₹13,385.40 lacs in FY26, up from ₹12,257.99 lacs in FY25. However, total expenses surged to ₹14,352.74 lacs from ₹12,944.68 lacs, driven by a rise in employee benefits expense to ₹6,906.11 lacs and finance costs increasing to ₹608.41 lacs. The absence of exceptional income, which contributed ₹962.60 lacs in the previous year due to a gratuity liability write-back, further impacted profitability.

Consolidated results mirrored this trend, with a net loss of ₹711.85 lacs against a profit of ₹637.98 lacs in FY25. Consolidated revenue stood at ₹14,361.93 lacs. The company incurred capital expenditure of ₹659.44 lacs during the year, compared to ₹574.51 lacs in the prior period.

Operational Highlights

Production volumes expanded across key commodities. Tea production reached 37,02,867 kgs, up from 32,23,423 kgs in FY25. Coffee output rose to 3,81,278 kgs from 3,36,773 kgs, while rubber production increased to 17,91,612 kgs from 15,49,104 kgs. Average realized prices remained stable or improved, with coffee fetching ₹511 per kg compared to ₹448 per kg last year.

The company continues to face liquidity pressures, with current liabilities exceeding current assets by ₹1,302.41 lacs as of March 31, 2026. Statutory auditors Singhi & Co. confirmed that internal financial controls were adequate and operating effectively. No frauds were reported during the year.

What the Numbers Show

The divergence between rising revenue and widening losses highlights margin compression in Shri Vasuprada Plantations’ core operations. While volume growth in tea and coffee drove top-line expansion, the inability to contain employee and finance costs eroded operating leverage. The previous year’s profit was significantly bolstered by a one-time exceptional item; without it, the underlying operational performance would have shown a loss even in FY25. This suggests that the current loss reflects structural cost challenges rather than just the absence of prior-year windfalls.

Shri Vasuprada Plantations Limited will hold its 152nd Annual General Meeting (AGM) on Monday, August 31, 2026, at 11:30 A.M. (IST). The meeting will be conducted through Video Conferencing (VC) or Other Audio-Visual Means (OAVM) in compliance with Ministry of Corporate Affairs (MCA) and SEBI regulations. This virtual format ensures accessibility for all shareholders while adhering to current corporate governance guidelines.

The primary objective of the gathering is to transact ordinary business, including the adoption of the Audited Standalone and Consolidated Financial Statements for the financial year ended March 31, 2026. Additionally, shareholders will consider the reappointment of Mr. Hemant Bangur as a Director liable to retire by rotation. The Board has also sought approval for special business items, specifically the ratification of remuneration for the company’s Cost Auditors.

Key Agenda Items

The notice outlines specific resolutions for shareholder approval. The details are summarized below:

Mr. Hemant Bangur, who serves as the Non-Executive Chairman, has been with the Board since April 12, 2000. He holds a postgraduate degree in International Trade and brings extensive experience in jute, plantation, fertilizer, paper, real estate, and financial services. His reappointment is subject to shareholder approval at the upcoming meeting.

Cost Audit and Remuneration

Under Section 148 of the Companies Act, 2013, the company is required to have its cost records audited. The Board of Directors, on the recommendation of the Audit Committee, has appointed M/s. Dipak Lal & Associates (Firm Registration No. 101491) as the Cost Auditors for the financial year ending March 31, 2027. The proposed remuneration is ₹1,50,000 plus applicable taxes and reimbursement of out-of-pocket expenses. Shareholders are asked to pass an Ordinary Resolution to ratify this fee structure.

Voting and Attendance Procedures

Shareholders holding shares as of the cut-off date, Monday, August 24, 2026, are eligible to vote. Remote e-voting will be facilitated by Central Depository Services (India) Limited (CDSL). The voting window opens on Friday, August 28, 2026, at 9 A.M. and closes on Sunday, August 30, 2026, at 5 P.M.

For those attending the meeting virtually, the link will be available after successful login to the e-voting platform. Shareholders who have already cast their votes via remote e-voting will not be eligible to vote again during the live meeting but may attend to observe proceedings. Ms. Sweetie Kapoor, Practising Company Secretary, has been appointed as the Scrutinizer to ensure a fair and transparent voting process.

Important Dates and Records

The register of members and share transfer books will remain closed from Tuesday, August 25, 2026, to Monday, August 31, 2026, inclusive. This closure is necessary to determine the list of shareholders entitled to attend and vote at the AGM. Shareholders are advised to update their contact details with their Depository Participants or the Registrar and Share Transfer Agent to ensure they receive electronic notices and voting credentials.