Upsurge Seeds of Agriculture Limited reported a decline in net profit to ₹747.81 lakh for the financial year ended March 31, 2026, down from ₹849.44 lakh in the previous year. The company recorded a total revenue of ₹11,069.61 lakh for FY26, a decrease from ₹13,727.60 lakh in FY25, primarily due to lower revenue from operations which stood at ₹11,043.67 lakh compared to ₹13,679.33 lakh in the prior year. The board approved the audited standalone financial results during a meeting held on May 28, 2026.

Total expenses for the year reduced to ₹10,278.12 lakh from ₹12,840.33 lakh in FY25. The profit before tax for FY26 was ₹791.48 lakh, while earnings per share (basic and diluted) were reported at ₹7.43, down from ₹10.64 in the previous year. For the half year ended March 31, 2026, the company posted a profit of ₹493.95 lakh on revenue from operations of ₹6,359.73 lakh.

The board also approved the re-appointment of M/s D M A A AND Associates as the internal auditor for F.Y. 2026-27, effective from May 28, 2026. The firm provides domestic taxation, regulatory, and advisory services. In its regulatory filings, the company disclosed that M/s R B GOHIL & CO, Chartered Accountants, served as the statutory auditor and issued an independent auditor's report with an unmodified opinion on the financial statements.

The audit confirmed compliance with the Companies Act, 2013, and relevant accounting standards. The report noted that the company did not have any pending litigations impacting its financial position and no material foreseeable losses on long-term contracts. The auditor also confirmed that no amounts were required to be transferred to the Investor Education and Protection Fund.

Financial Performance Summary

upsurge seeds of agriculture has re-appointed M/s D M A A AND Associates as its internal auditor for the financial year 2026-27. The Board of Directors approved the appointment on May 28, 2026, following the recommendation of the Audit Committee. The firm, registered under Firm Registration No. 159516W, will serve a term covering the upcoming financial year.

The disclosure was made to the National Stock Exchange of India Ltd. in compliance with Regulation 30 of the SEBI (LODR) Regulations, 2015. The re-appointment ensures continuity in the company's internal audit processes for FY27.

M/s D M A A AND Associates is a partnership firm offering services in domestic taxation, regulatory compliance, and advisory roles. The firm caters to clients across sectors such as banking and finance, automation, information technology, advertising, and real estate.

Appointment Details