Vrundavan Plantation has scheduled its fourth annual general meeting (AGM) for Tuesday, September 15, 2026. The company's board of directors approved the draft notice and director's report for the financial year ended March 31, 2026, during a meeting concluded on August 18, 2026.

The AGM will be held physically at 2:30 pm at the company's registered office located at 307, Sun Avenue One, Nr. Sun Prima, Ambawadi, Ahmedabad. Shareholders on record as of August 14, 2026, are eligible to attend and vote. The remote e-voting period runs from Saturday, September 12, 2026, at 9:00 am to Monday, September 14, 2026, at 5:00 pm.

Key Resolutions

The agenda includes ordinary business items such as the adoption of audited financial statements and the re-appointment of auditors. M/s. Panchal S K & Associates, Chartered Accountants (FRN: 145989W), are proposed for re-appointment as statutory auditors for a five-year term concluding with the AGM for FY31.

Mr. Vishal Tiwari (DIN: 08530704), who retires by rotation, has offered himself for re-appointment as a director. He holds an Integrated Master of Design from Gujarat University and serves as the son of Managing Director Upendra Umashankar Tiwari.

Independent Director Appointment

A special resolution seeks shareholder approval for the re-appointment of Ms. Malvika Jagani (DIN: 11409166) as a non-executive independent director. Ms. Jagani, initially appointed as an additional director on April 24, 2026, is eligible for a second consecutive five-year term ending on April 23, 2031.

The Nomination and Remuneration Committee recommended her appointment based on her expertise in legal and secretarial practices. Ms. Jagani holds qualifications including CS, MBA, and LLM, with approximately six years of experience in corporate compliance. She currently holds directorships in two other companies.

Voting Details

Ms. Sonu Jain, a practicing company secretary, has been appointed as the scrutinizer for the AGM. Voting results will be announced within two working days of the meeting's conclusion. Members can cast votes electronically via the NSDL e-voting system or through physical proxies deposited at least 48 hours before the meeting.

Vrundavan Plantation reported a net profit of ₹177.39 lakh for the financial year ended March 31, 2026, a slight increase from ₹175.81 lakh in the previous year. Revenue from operations surged to ₹4,194.95 lakh, up from ₹2,550.77 lakh in FY25, driven by growth in its primary segment of plant sales and landscaping services. The company’s earnings per share (EPS) on a basic and diluted basis stood at ₹3.01 for the year.

The Board of Directors approved the audited financial results for the half-year and financial year ended March 31, 2026, at a meeting held on May 28, 2026. The audit was conducted by Statutory Auditors M/s Panchal SK & Associates, who issued an unmodified and unqualified opinion. The Board also appointed Mr. Prashant H. Patel, Proprietor of P H P & Associates, as the Internal Auditor for the financial year 2026-2027. Mr. Patel, a Chartered Accountant with membership number 162482, brings over a decade of experience in accounting and auditing. His firm, P H P & Associates (FRN: 141171W), specializes in internal audits and statutory reviews.

Financial Performance

The company’s total income for FY26 rose to ₹4,194.95 lakh from ₹2,551.58 lakh in the previous year. Total expenses increased to ₹3,958.30 lakh, primarily due to higher costs of purchase, which stood at ₹3,635.11 lakh compared to ₹1,784.90 lakh in FY25. Finance costs also rose to ₹66.47 lakh from ₹13.40 lakh in the prior year.

For the half-year ended March 31, 2026, the company reported a net profit of ₹52.30 lakh, with revenue from operations at ₹2,553.82 lakh. This compares to a net profit of ₹54.51 lakh and revenue of ₹1,251.21 lakh in the corresponding period of the previous year.

Key Financial Metrics

Capital Structure and Cash Flows

During the year, the Board approved the allotment of 8,56,872 equity shares of face value ₹10 each at an issue price of ₹51 per share, including a securities premium of ₹41 per share, upon the conversion of warrants. Consequently, the paid-up equity share capital increased to ₹618.96 lakh from ₹533.27 lakh in FY25. Reserves and surplus grew to ₹2,266.46 lakh from ₹1,737.74 lakh.

The cash flow statement revealed a net decrease in cash and cash equivalents of ₹21.63 lakh during the year, bringing the closing balance to ₹103.42 lakh. Cash used in operating activities was ₹205.29 lakh, while investing activities saw an outflow of ₹912.09 lakh primarily due to the purchase of property, plant, and equipment. Financing activities provided a net inflow of ₹1,095.74 lakh, driven by proceeds from borrowings and share capital issuance.