Stanbik Agro Limited has confirmed the record date for its fifth Annual General Meeting (AGM) as Tuesday, September 8, 2026. The meeting will be held via video conferencing or other audio-visual means (VC/OAVM) on Tuesday, September 15, 2026, at 3:00 pm.

AGM Logistics and Voting

The Register of Members and Share Transfer Book will remain closed from Wednesday, September 9, 2026, through Tuesday, September 15, 2026. This closure facilitates the determination of eligible shareholders as of the record date.

Remote e-voting will open on September 12, 2026, at 9:00 am and close on September 14, 2026, at 5:00 pm. Purva Share Registry (India) Pvt. Ltd. serves as the appointed service provider for e-voting and VC/OAVM facilitation. Mrs Monika Gaurav Gupta, a Practising Company Secretary, acts as the Scrutinizer for the meeting.

Board Appointments and Re-appointments

Shareholders will vote on two key director-related resolutions:

1. Re-appointment of Managing Director: Mr. Ashokbhai Dhanajibhai Prajapati retires by rotation and seeks re-appointment as Director. He currently serves as the Managing Director and CFO, holding a B.Com from Gujarat University. With over 13 years of experience in the fruit and vegetable industry, he holds 2,860,020 shares in the company.
2. Appointment of Independent Director: Mr. Anil Kumar Vijayvargia seeks approval for regularization as an Independent Director (Non-Executive). Initially appointed effective May 22, 2026, his term will run for five years until May 21, 2031. Vijayvargia brings over eight years of experience in legal, accounting, and tax consultancy. He holds a B.Com from Mohanlal Sukhadia University and is an Associate Member of the Institute of Company Secretaries of India (ICSI).

Secretarial Auditor Appointment

The board recommends appointing M/s Monika Chechani & Associates as Secretarial Auditors for a term of five consecutive years. This appointment covers the period from the conclusion of the 5th AGM until the conclusion of the 10th AGM. The firm specializes in Company Law, SEBI Laws, RBI Laws, FEMA Laws, and IPR Laws.

Stanbik Agro reported a ₹43.63 crore net profit for FY26, a 16.4% increase from the previous year's ₹37.49 crore. The company’s revenue from operations grew 63.7% to ₹858.95 crore, driven by expanded trading volumes in agricultural commodities.

The Ahmedabad-based agri-trader concluded its financial year on March 31, 2026, with significantly higher top-line growth compared to the modest improvement in bottom-line profitability. The Board of Directors has scheduled the fifth annual general meeting (AGM) for September 15, 2026, to adopt the audited financial statements.

Financial Performance

Revenue from operations surged to ₹858.95 crore in FY26 from ₹524.85 crore in FY25. This growth was primarily fueled by the trading segment, which contributed ₹818.25 crore, up from ₹500.54 crore in the prior year. Production sales also saw an increase, rising to ₹40.70 crore from ₹24.32 crore.

Total expenses climbed to ₹810.89 crore from ₹479.69 crore, reflecting the higher cost of goods sold associated with increased sales volumes. Profit before tax stood at ₹48.06 crore, compared to ₹45.17 crore in FY25. After accounting for tax expenses of ₹4.43 crore, the net profit reached ₹43.63 crore.

What the Numbers Show

While revenue growth was robust at nearly 64%, net profit margins contracted from 7.14% in FY25 to 5.08% in FY26. This divergence indicates that operating costs and expenses grew faster than revenue. Other expenses specifically jumped to ₹14.94 crore from ₹4.74 crore, likely influenced by professional fees and listing-related costs following the company’s initial public offer (IPO).

Balance Sheet and Capital Structure

The company completed its IPO in December 2025, raising ₹122.82 crore by issuing 40.94 lakh equity shares at ₹30 per share. As a result, cash and cash equivalents surged to ₹84.40 crore from ₹2.56 crore in the previous year. The current ratio improved dramatically to 40.65 from 0.44, highlighting a significant strengthening of liquidity.

Trade receivables increased to ₹181.85 crore from ₹78.14 crore, signaling higher outstanding dues from customers alongside the revenue expansion. Inventory levels decreased slightly to ₹63.52 crore from ₹75.59 crore, suggesting efficient stock management despite higher sales throughput.

Corporate Governance Updates

The AGM will consider the re-appointment of Managing Director Ashokbhai Dhanajibhai Prajapati, who retires by rotation. Additionally, shareholders will vote on the appointment of Anil Kumar Vijayvargia as an independent director for a five-year term. The company also seeks approval for the appointment of M/s Monika Chechani & Associates as secretarial auditors for five consecutive years.

No dividend was recommended for FY26 as the directors prioritized future growth prospects and capital deployment. The share transfer books will remain closed from September 9 to September 15, 2026.