Super Crop Safe Limited has corrected clerical and arithmetical errors in the notice of its Extraordinary General Meeting (EGM) held on January 19, 2026, regarding a preferential issue. The company disclosed that the revisions pertain to Resolution No. 2 and the Explanatory Statement under Section 102 of the Companies Act, 2013. The total number of equity shares was revised from 1,17,44,731 to 1,17,44,722, while the total consideration amount was adjusted from ₹15,26,81,500 to ₹15,26,81,386.

The company stated that there is no change in the structure, object, or overall size of the preferential issue as a result of these corrections. Furthermore, there is no change in the control or management of Super Crop Safe Limited. The updated EGM notice has been made available on the company's website and the website of BSE Limited.

Key Revised Details

The corrections affected the allottee-wise share details, the explanatory statement, and the post-issue shareholding pattern. The following table summarizes the primary changes in the preferential issue figures:

Allottee-wise Corrections

The revisions also impacted specific allottees under the Non-Promoter Group. For Wherrelz IT Solutions Limited, the number of equity shares proposed to be issued was revised from 38,46,154 to 38,46,153, with the corresponding consideration adjusted from ₹5,00,00,000 to ₹4,99,99,989. Similarly, for Voltrix INC, the number of shares was revised from 78,98,577 to 78,98,569, and the consideration was adjusted from ₹10,26,81,500 to ₹10,26,81,397.

The issue price for the allotment remains Rs.13 per equity share of face value Rs.2. The revisions were made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Super Crop Safe Ltd reported a net profit of ₹200.23 lakh for the financial year ended March 31, 2026, a decline from ₹216.39 lakh in the previous year. Revenue from operations for FY26 stood at ₹5313.38 lakh, compared to ₹4539.37 lakh in FY25. For the quarter ended March 31, 2026, the company recorded a net loss of ₹15.74 lakh on revenue of ₹1358.70 lakh. The Board approved the audited financial results at its meeting on May 30, 2026.

Auditor Raises Going Concern Doubts

The statutory auditor, Parimal S. Shah & Co., has cast significant doubt on the company's ability to continue as a going concern. The report highlights that the company has not been depositing dues related to the Provident Fund Act, ESI, Dividend Distribution tax, Professional tax, TDS, and salary payments. The total amount of such unpaid statutory liabilities as of March 31, 2026, is ₹412.34 lakh, up from ₹359.52 lakh in the previous year.

Financial Highlights

The auditor also flagged irregularities in sales and receivables. Out of total sales of ₹53.13 crore, more than 48% (₹25.23 crore) were barter sales or related party sales, with ₹12.68 crore of barter sales subject to confirmation. Additionally, over 50% of total debtors (₹11.58 crore out of ₹22.81 crore) and creditors (₹4.29 crore out of ₹8.37 crore) were outstanding from the previous period.

Regulatory Disclosures

The company confirmed there were no defaults on loans and debt securities during the quarter ended March 31, 2026. The audit report was submitted to the Bombay Stock Exchange under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The auditor disclaimed an opinion on the correctness of unsecured loans, trade payables, and trade receivables due to a lack of external confirmations.