Vishwas Agri Seeds FY26 PAT falls to ₹214.20 lakh

Vishwas Agri Seeds Limited reported a profit after tax of ₹214.20 lakh for the financial year ended March 31, 2026, a significant decline from ₹670.81 lakh in the previous year. Revenue from operations for FY26 increased to ₹11,357.77 lakh compared to ₹10,238.18 lakh in FY25, while total revenue stood at ₹11,383.54 lakh. The company’s board approved the audited financial results for the half and year ended March 31, 2026, along with the auditor's report with an unmodified opinion.

Financial Performance

The company’s expenses for the year totaled ₹11,087.07 lakh, up from ₹9,451.32 lakh in the prior year. Profit before tax for FY26 was ₹296.47 lakh, a decrease from ₹878.70 lakh in FY25. Basic earnings per share for the year stood at ₹2.14, down from ₹6.71 in the previous year. For the half year ended March 31, 2026, the company reported a profit after tax of ₹24.23 lakh on revenue from operations of ₹5,615.52 lakh.

Metric	FY26 (₹ in Lakhs)	FY25 (₹ in Lakhs)
Revenue from Operations	11,357.77	10,238.18
Total Revenue	11,383.54	10,330.02
Total Expenses	11,087.07	9,451.32
Profit Before Tax	296.47	878.70
Profit After Tax	214.20	670.81
Basic EPS (₹)	2.14	6.71

Board Appointments and Compliance

The board appointed M/s. G R Shah & Associates as Secretarial Auditors and M/s. Chehul Panchal & Associates as Internal Auditors for the financial years 2025-2026 and 2026-2027. The statutory auditor, M/s. S V J K and Associates, issued an unmodified opinion on the financial results. The meeting was held on May 30, 2026, in compliance with Regulation 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Fund Utilization

The company fully utilized the net proceeds of ₹2,390.00 lakh raised through its Initial Public Offering. A variation in the utilization of funds was approved by shareholders on September 24, 2025, reallocating ₹499.85 lakh originally earmarked for capital expenditure towards additional working capital requirements. The audit committee noted that there was no deviation in the utilization of funds.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	-4.86%	+11.89%	+14.29%	-18.64%	-42.58%

Vishwas Agri Seeds Limited has appointed M/s. G R Shah & Associates as its Secretarial Auditor to ensure compliance with regulatory requirements for the financial years 2025-2026 and 2026-2027. The appointment, effective immediately, was made by the Board on the recommendation of the Audit Committee. This move strengthens the company's governance framework as it engages a firm with extensive experience in corporate laws and SEBI compliances.

The decision was communicated to the National Stock Exchange of India Ltd. pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing also references SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, regarding the appointment of secretarial auditors for listed entities.

M/s. G R Shah & Associates, Practicing Company Secretaries, will conduct the secretarial audit. The firm is led by Proprietor Mr. Gaurang Shah, who possesses more than a decade of professional experience. His expertise covers corporate laws, legal and regulatory compliance, secretarial compliances, ROC matters under the Companies Act, 2013, and listing and SEBI compliances.

The table below summarizes the key details of the appointment:

Sr. No.	Details of Events	Information of Such Events
1	Reason for change	The Board on recommendation of Audit Committee has appointed M/s. G R Shah & Associates, Practicing Company Secretaries as the Secretarial Auditor of the Company to conduct the Secretarial Audit for the Financial Year 2025-2026 and 2026-2027.
2	Date of appointment & term	30 May, 2026
3	Brief Profile	Name of Secretarial Auditor: M/s. G R Shah & Associates, Practicing Company Secretaries. Field of Experience: Mr. Gaurang Shah, Proprietor of M/s. G. R. Shah & Associates, Practicing Company Secretaries, Ahmedabad, possesses more than a decade of rich professional experience in the areas of corporate laws, legal and regulatory compliance, secretarial compliances, ROC matters under the Companies Act, 2013, listing and SEBI compliances, corporate governance, secretarial audits, FEMA compliances, management consultancy, compliance reporting, and advisory services.

The appointment was approved by Ashokbhai Shibabhai Gajera, Managing Director of Vishwas Agri Seeds Limited. There are no disclosures of relationships between directors required in this instance.