Super Crop Safe has scheduled its 39th Annual General Meeting for September 30, 2026. The company will not declare a dividend for the financial year ended March 31, 2026.

The meeting will be held via video conferencing at 4:00 pm. Shareholders holding shares as of the September 23, 2026 cut-off date can vote electronically. Remote e-voting opens on September 27, 2026, and closes on September 29, 2026.

Board Re-appointments

Members will vote to re-appoint two directors retiring by rotation:

Nishant Patel also serves as a member of the Audit Committee.

Related Party Transactions

The board seeks ordinary resolution approval for related-party transactions under Section 188 of the Companies Act, 2013. Proposed limits for FY27 include:

• Voltrix Inc: ₹2,000 lakh for purchases and sales. Controlled by Whole-Time Director Narendrasinh M Zala.
• Super Industries: ₹1,000 lakh each for purchases and sales, plus ₹8 lakh for rent. Controlled by Bhogilal A Patel, son of a promoter.
• Pioneer Pesticides Industries: ₹1,000 lakh each for purchases and sales. Controlled by Director Satish I Patel.
• Su – Aarogya Wellness: ₹1,000 lakh each for purchases and sales. Controlled by Managing Director Nishant Patel.

Related parties are barred from voting on this resolution. Other transactions include salaries for Bhogilal A Patel (₹15 lakh) and Tushar N Patel (₹15 lakh), and rent from Nitinkumar & Sons HUF (₹15 lakh).

Voting Process

Shareholders can vote through NSDL IDeAS, CDSL Easi, or the InstaVote platform. Corporate shareholders must submit board resolutions authorizing their representatives. The share transfer books remain closed from September 24, 2026, to September 30, 2026.

Super Crop Safe Limited reported a standalone net profit of ₹131.30 lakh for the quarter ended June 30, 2026 (Q1FY27), marking a significant turnaround from the net loss of ₹15.74 lakh recorded in the preceding quarter ended March 31, 2026. The company’s income from operations surged to ₹1,865.33 lakh, up 96% year-on-year from ₹949.33 lakh in Q1FY26.

The Board of Directors approved the unaudited financial results during its meeting held on August 14, 2026, at the registered office in Ahmedabad. The statutory auditors, Parimal S. Shah & Co., issued a qualified review report citing material uncertainties regarding the company’s ability to continue as a going concern due to outstanding statutory dues and overdue trade receivables.

Financial Performance

The company’s operational performance showed improvement in Q1FY27 compared to the previous quarter and year. Key financial metrics are detailed below:

Revenue growth was driven by higher sales, which increased from ₹949.33 lakh in Q1FY26 to ₹1,865.33 lakh in Q1FY27. Total expenses rose to ₹1,734.65 lakh from ₹897.64 lakh in the corresponding period last year, primarily due to higher cost of materials consumed at ₹1,554.67 lakh.

Auditor’s Qualified Report

Parimal S. Shah & Co., the independent auditors, qualified their conclusion on the financial results. They highlighted significant amounts of unpaid statutory dues, including Provident Fund, Professional Tax, and Tax Deducted at Source, aggregating to ₹416.30 lakh as of June 30, 2026.

Additionally, the auditors noted:

• Overdue trade receivables of ₹1,171 lakh out of total trade receivables of ₹3,504 lakh.
• Overdue trade payables of ₹551 lakh out of total trade payables of ₹1,172 lakh.
• Delays in payment of employee salaries.

These conditions cast significant doubt on the company’s ability to continue as a going concern. The auditors stated that the financial results did not adequately disclose these material uncertainties or management’s mitigation plans.

Capital Raise via Preferential Allotment

During the quarter, Super Crop Safe allotted 1,17,44,722 equity shares of face value ₹2 each at an issue price of ₹13 per share on a preferential basis. This transaction, valued at ₹15.27 crore, was executed towards the conversion of outstanding unsecured loans. The allotment was made to Wherrelz IT Solutions Limited and Voltrix Inc.

While the company has received in-principle approval from BSE Limited, final listing approval and procedural formalities with the stock exchange and SEBI remain pending. Consequently, paid-up capital increased to ₹1,039.18 lakh from ₹804.29 lakh in the preceding period.

AGM Schedule

The Board finalized the schedule for the 39th Annual General Meeting (AGM). Shareholders eligible to vote must be on the register of members as of the cut-off date. Key details include:

• Date: Wednesday, September 30, 2026
• Mode: Video Conferencing / Other Audio Visual Means (OAVM)
• Deemed Venue: Registered Office in Ahmedabad
• Remote e-voting Cut-off: Wednesday, September 23, 2026
• Book Closure Period: Thursday, September 24, 2026, to Wednesday, September 30, 2026

What the Numbers Show

The return to profitability in Q1FY27, with a net profit of ₹131.30 lakh compared to a loss of ₹15.74 lakh in Q4FY26, indicates improved operational efficiency despite rising input costs. However, the auditor’s qualification highlights persistent liquidity pressures, with nearly one-third of trade receivables (₹1,171 lakh out of ₹3,504 lakh) being overdue. The recent equity infusion of ₹15.27 crore through debt conversion aims to strengthen the balance sheet, but its impact will depend on the completion of regulatory approvals and improvement in working capital cycles.