Vishwas Agri Seeds Limited witnessed multiple inter-se transfers amongst promoters on April 22, 2026, consolidating holdings within the promoter group. Bharatbhai Shibabhai Gajera increased his stake by acquiring 4,00,000 equity shares, while Kalubhai Maganbhai Vekariya acquired 2,00,000 equity shares. These transactions, disclosed under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011, were executed off-market and do not alter the company's total equity share capital.

Bharatbhai Shibabhai Gajera acquired 4,00,000 shares from Mr. Babubhai Laljibhai Suvagiya and Mr. Ketanbhai Babubhai Suvagiya. Prior to this acquisition, the acquirer along with Persons Acting in Concert (PAC) held 58,00,000 shares, representing 58% of the total voting capital. Following the transfer, his total holding rose to 70,00,000 shares, or 70% of the total voting capital.

In a separate transaction, Kalubhai Maganbhai Vekariya acquired 2,00,000 shares from Mr. Rameshbhai Laljibhai Suvagiya. Before this acquisition, the holding of the acquirer along with PACs was 58,00,000 shares (58%). Post-acquisition, the total holding increased to 70,00,000 shares, constituting 70% of the total voting capital.

The equity share capital of Vishwas Agri Seeds Limited remained constant at 10,00,00,000 shares throughout these transactions. The shares acquired carry voting rights, and there were no warrants, convertible securities, or other instruments involved. The acquirers confirmed that there are no shares in the nature of encumbrance such as pledge or lien held either before or after the acquisitions.

The disclosure identified the Persons Acting in Concert as Maheshbhai Shibabhai Gajera, Ashokbhai Shibabhai Gajera, and Bharatbhai Shibabhai Gajera. The shares of Vishwas Agri Seeds Limited are listed on the National Stock Exchange.

Details of the Acquisitions

Key Transaction Particulars

• Mode of acquisition: Off Market - Inter se transfer amongst promoters
• Date of acquisition: 22/04/2026
• Target Company: Vishwas Agri Seeds Limited
• Acquirers: Bharatbhai Shibabhai Gajera, Kalubhai Maganbhai Vekariya

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.

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.