Super Crop Safe Limited Receives Dematerialisation Confirmation Certificate for Q4 FY26

Super Crop Safe Limited has received a regulatory confirmation certificate from its registrar and transfer agent MUFG Intime India Private Limited for the quarter ended March 31, 2026. The certificate was issued under Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018.

Dematerialisation Process Confirmation

MUFG Intime India Private Limited, formerly known as Link Intime India Private Limited, confirmed that all securities received from depository participants for dematerialisation during the quarter were properly processed. The registrar stated that securities comprised in the certificates have been listed on stock exchanges where the company's earlier issued securities are already listed.

Process Details:	Status
Quarter Period:	Ended March 31, 2026
Regulatory Framework:	SEBI Regulation 74(5)
Processing Status:	Confirmed/Accepted
Timeline Compliance:	Within Prescribed Limits

Regulatory Compliance

The confirmation certificate validates that Super Crop Safe Limited has maintained compliance with SEBI's dematerialisation regulations. MUFG Intime India confirmed that security certificates received for dematerialisation were mutilated and cancelled after due verification by the depository participant.

The registrar also confirmed that depositories' names have been substituted in the register of members as the registered owner within the prescribed timelines, ensuring proper transfer of ownership records.

Company and Registrar Details

Super Crop Safe Limited is registered at C-1/290, G.I.D.C. Estate, Phase-1, Naroda, Ahmedabad - 382330. MUFG Intime India Private Limited, with CIN U67190MH1999PTC118368, serves as the company's registrar and transfer agent from its registered office at C-101, Embassy 247, L.B.S. Marg, Vikhroli (West), Mumbai - 400083.

The confirmation certificate was signed by Ashok Shetty, Sr. Vice President-Corporate Registry at MUFG Intime India Private Limited, and dated April 1, 2026.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.67%	+5.03%	+20.51%	-17.62%	-41.69%	+26.34%

Super Crop Safe Limited has released its unaudited standalone financial results for the third quarter of FY26, ending December 31, 2025. The company demonstrated operational performance with net sales reaching Rs 1710.58 lakhs, though the results came with significant auditor observations regarding financial irregularities and statutory compliance issues.

Financial Performance Overview

The company's quarterly and nine-month performance showed the following key metrics:

Period	Net Sales (Rs Lakhs)	Net Profit (Rs Lakhs)	EPS (Rs)
Q3 FY26	1710.58	35.84	0.09
Q2 FY26	1469.18	74.06	0.19
Q3 FY25	1256.14	91.47	0.23
Nine Months FY26	3954.68	215.98	0.54
Nine Months FY25	3500.24	271.61	0.68

The company's total income for Q3FY26 stood at Rs 1712.25 lakhs, including other income of Rs 1.67 lakhs. Total expenses amounted to Rs 1677.50 lakhs, resulting in a profit from operations before tax of Rs 34.75 lakhs.

Operational Cost Structure

The expense breakdown for Q3FY26 revealed significant cost components:

Expense Category	Q3 FY26 (Rs Lakhs)	Q2 FY26 (Rs Lakhs)
Cost of Materials Consumed	1529.63	1124.78
Employee Benefits	58.82	87.83
Finance Costs	22.97	38.34
Other Expenses	91.42	96.02
Depreciation	8.38	10.56

The cost of materials consumed represented the largest expense component, accounting for approximately 89% of total expenses during the quarter.

Major Auditor Concerns

Parimal S. Shah & Co., the company's auditors, highlighted several critical observations in their limited review report:

Statutory Dues and Compliance Issues

Parameter	Amount (Rs Lakhs)
Outstanding Statutory Dues (Dec 31, 2025)	393.73
Outstanding Statutory Dues (Sep 30, 2025)	381.01

The auditors noted irregularities in depositing statutory dues related to Provident Fund, Dividend Distribution Tax, Professional Tax, TDS, and salary payments.

Sales and Transaction Concerns

Sales Analysis	Amount (Rs Crores)	Percentage
Total Sales	39.55	100%
Barter/Related Party Sales	21.89	55%+
Barter Sales (Subject to Confirmation)	11.70	-

The auditors expressed concern that more than 55% of total sales comprised barter sales or related party transactions, with Rs 11.70 crores in barter sales still subject to party confirmation.

Outstanding Balances

The review also highlighted significant outstanding balances:

Debtors: Out of total debtors of Rs 23.63 crores, more than 55% (Rs 13.09 crores) were opening outstanding amounts
Creditors: Out of total creditors of Rs 8.61 crores, more than 54% (Rs 4.66 crores) were opening outstanding amounts

Going Concern Considerations

The auditors noted that persistent irregularities in sales, debtors, creditors, and accumulating statutory liabilities with unpaid salaries cast significant doubt on the company's ability to continue as a going concern. However, the financial statements have been prepared on a going concern basis, as management believes the company will meet its operational and financial commitments as they arise.

Corporate Governance and Compliance

The financial results were reviewed by the Audit Committee and approved by the Board of Directors in their respective meetings held on February 14, 2026. The statements have been prepared in accordance with Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013. The company maintains a paid-up capital of Rs 804.29 lakhs with a face value of Rs 2.00 per share, and other equity excluding revaluation reserve stands at Rs 2120.60 lakhs.