Stanbik Agro Limited reported a 64% increase in revenue from operations to ₹8,589.51 lakh for the financial year ended March 31, 2026, compared to ₹5,248.51 lakh in the previous year. The company's profit for the period rose to ₹436.25 lakh from ₹374.87 lakh in FY25. The board approved the audited standalone financial results for the half-year and full year ended March 31, 2026, at a meeting held on May 26, 2026.

Financial Performance

The growth in revenue was primarily driven by operational activities during the year. Total income for FY26 stood at ₹8,589.51 lakh, up from ₹5,248.56 lakh in the previous year. Total expenses increased to ₹8,108.93 lakh from ₹4,796.85 lakh, largely due to higher purchases of stock-in-trade and other expenses. Earnings per share (basic) for the year were recorded at 3.274, compared to 4.061 in the prior year.

Auditor's Report and Emphasis of Matter

M/s. S K Bhavsar & Co., Statutory Auditors, issued an unmodified opinion on the audited standalone financial results. However, the auditors drew attention to an emphasis of matter regarding the absence of balance confirmation letters, party-wise reconciliation statements, and age-wise analysis for certain trade receivable and trade payable balances as of March 31, 2026. Consequently, the auditors were unable to satisfy themselves regarding the existence, completeness, accuracy, and recoverability of these balances, though the overall opinion remains unmodified.

IPO Proceeds Utilization

The company issued fresh equity shares amounting to ₹1,228.20 lakh through an initial public offer. As of March 31, 2026, the company utilized ₹463 lakh of the net proceeds, leaving ₹765 lakh unutilized and parked in bank accounts. The board has approved the utilization of the balance proceeds beyond the originally envisaged timeline of March 31, 2026.

Key Appointments

The board approved the appointment of D D Shah & Co. as the Internal Auditor for FY 2026-27 and M/s Monika Chechani & Associates as the Secretarial Auditor for FY 2025-26. Additionally, Ms. Arpita Jain was appointed as the Company Secretary and Compliance Officer effective May 26, 2026. The trading window for designated persons, closed since April 1, 2026, will reopen 48 hours after the announcement of the financial results.

Stanbik Agro Limited announced the appointment of Anil Kumar Vijayvargiya as an Additional Non-Executive Independent Director, effective May 22, 2026. The decision was taken during a board meeting held on Friday, following the recommendation of the Nomination and Remuneration Committee.

The company confirmed that Vijayvargiya satisfies the criteria of independence prescribed under the Companies Act, 2013 and Listing Regulations. He is not debarred from holding the office of Director by virtue of any order passed by SEBI or any other authority. A seasoned professional with over eight years of experience in legal, accounting, and tax consultancy services, he is the Sole Proprietor of M/s. Anil K Vijayvergiya & Associates.

Consequent to the change in directorship, the board approved the reconstitution of its key committees with effect from May 22, 2026. The Audit Committee now comprises Ruchi Nagori and Anil Kumar Vijayvargiya as Members, with Priyanka Sharma serving as the Chairman.

The Nomination and Remuneration Committee has also been restructured. Ruchi Nagori and Priyanka Sharma have been appointed as Members, while Anil Kumar Vijayvargiya will serve as the Chairman of the committee.

Committee Composition

The board meeting commenced at 04:00 P.M. and concluded at 04:30 P.M. on May 22, 2026.