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.

Shri Vasuprada Plantations Limited reported a narrowed standalone net loss of ₹211.20 lakh for the quarter ended June 30, 2026 (Q1FY26), down significantly from a loss of ₹513.51 lakh in the corresponding period of the previous fiscal year. This improvement signals a potential stabilization in operations, with revenue from operations rising 19% year-on-year to ₹3,225.16 lakh from ₹2,707.61 lakh in Q1FY25. The Board of Directors approved the unaudited financial results in a meeting held on August 5, 2026, alongside a security cover certificate for its listed non-convertible debentures.

The company’s consolidated net loss for the quarter was ₹170.29 lakh, compared to ₹484.83 lakh in Q1FY25. Consolidated revenue from operations grew to ₹3,282.54 lakh from ₹2,823.47 lakh in the prior year period. The results were reviewed by Singhi & Co., the statutory auditors, under Standard on Review Engagement (SRE) 2410. The filing also included disclosures pursuant to Regulation 33 and Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Segment Performance

The rubber segment emerged as the primary driver of profitability, posting a segment result of ₹320.45 lakh, a sharp turnaround from a loss of ₹29.62 lakh in Q1FY25. Rubber revenue climbed 34% to ₹1,007.00 lakh from ₹749.95 lakh. In contrast, the tea segment, which contributes the largest share of revenue at ₹1,650.13 lakh, recorded a segment loss of ₹176.71 lakh, though this was an improvement from a loss of ₹192.41 lakh in the previous year. The coffee segment reported a loss of ₹202.45 lakh against a loss of ₹140.14 lakh in Q1FY25, despite revenue doubling to ₹559.74 lakh from ₹264.37 lakh.

Financial Metrics and Ratios

Total expenses for the standalone entity amounted to ₹3,495.23 lakh, up from ₹3,323.40 lakh in Q1FY25. Employee benefits expense remained the largest cost component at ₹1,740.41 lakh. Finance costs increased slightly to ₹162.95 lakh from ₹151.83 lakh. The company’s debt-equity ratio improved to 0.52 from 0.48 in the previous year. The current ratio stood at 0.75, indicating continued liquidity pressure, while the interest service coverage ratio improved to 0.47 from (1.61) in Q1FY25.

What the Numbers Show

The divergence between revenue growth and margin expansion highlights a shift in operational efficiency within specific segments. While overall revenue grew nearly 20%, the rubber segment’s transition from a loss-making position to contributing over ₹320 lakh in segment profit suggests that commodity price movements or volume increases in rubber are currently offsetting losses in the traditional tea and coffee divisions. However, the persistent negative operating margin of 1.01% indicates that core operational profitability remains fragile, heavily dependent on the rubber segment’s performance rather than broad-based improvement across all estates.