Bharatbhai Shibabhai Gajera increased his stake in Vishwas Agri Seeds Limited to 70% by acquiring 4,00,000 equity shares through an inter-se transfer amongst promoters on April 22, 2026. The transaction, disclosed under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011, involved the transfer of shares from Mr. Babubhai Laljibhai Suvagiya and Mr. Ketanbhai Babubhai Suvagiya to the acquirer. This acquisition consolidates the promoter group's position within the company.

Prior to the acquisition, Bharatbhai Shibabhai Gajera, along with Persons Acting in Concert (PAC), held 58,00,000 shares, accounting for 58% of the total voting capital. The transfer of 4,00,000 shares, representing 4% of the capital, was executed off-market. Following the transaction, the acquirer's total holding rose to 70,00,000 shares, which constitutes 70% of the total voting capital of the target company.

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

The disclosure identified the Persons Acting in Concert with the acquirer as Maheshbhai Shibabhai Gajera, Ashokbhai Shibabhai Gajera, and Kalubhai Maganbhai Vekariya, all of whom belong to the promoter group. The shares of Vishwas Agri Seeds Limited are listed on the National Stock Exchange. The filing was submitted to the exchange for information and record purposes.

Details of the Acquisition

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
• Acquirer: Bharatbhai Shibabhai Gajera

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.