AG Ventures , formerly known as Oriental Carbon & Chemicals Limited, has announced significant changes to its business focus along with its financial results for the first quarter of the fiscal year 2026.

Memorandum of Association Alterations

The Board of Directors of AG Ventures has approved modifications to the Object Clause of the company's Memorandum of Association. These changes are aimed at:

1. Removing business objects that are no longer relevant to the company's operations.
2. Expanding and elaborating on activities related to the core business.

The proposed alterations are subject to shareholder approval, which will be sought through a postal ballot. The company plans to send out notices to shareholders and stock exchanges regarding this matter.

Financial Performance for Q1 FY2026

AG Ventures has released its unaudited standalone financial results for the quarter ended June 30, 2025:

Key observations from the financial results:

• The company's revenue from operations in Q1 FY2026 stood at Rs. 227.02 lakhs, showing a slight decrease compared to Rs. 241.92 lakhs in the same quarter of the previous year.
• Other income increased significantly to Rs. 50.79 lakhs in Q1 FY2026, up from Rs. 15.41 lakhs in Q1 FY2025.
• Total expenses rose to Rs. 270.95 lakhs in Q1 FY2026, compared to Rs. 218.47 lakhs in Q1 FY2025.
• The net profit after tax for Q1 FY2026 was Rs. 5.75 lakhs, lower than the Rs. 20.82 lakhs reported in the same quarter of the previous year.

Segment Performance

AG Ventures operates in two primary segments:

1. Investments & Trading
2. General Engineering Products

For Q1 FY2026:

• The Investments & Trading segment reported revenue of Rs. 289.33 lakhs.
• The General Engineering Products segment generated revenue of Rs. 1,800.64 lakhs.

Corporate Actions

In addition to the proposed changes in the Memorandum of Association, AG Ventures has taken the following corporate actions:

1. The company has voluntarily delisted its equity shares from the National Stock Exchange of India Limited (NSE) in accordance with SEBI regulations.
2. AG Ventures continues to be listed on the BSE Limited.
3. The company has decided to exercise the option permitted under section 115BAA of the Income Tax Act, 1961, which may impact its tax provisions.

The Board meeting for these decisions and to approve the financial results was held on August 4, 2025, commencing at 1:00 PM and concluding at 2:30 PM.

AG Ventures appears to be repositioning itself with these strategic changes to its business objects while navigating through a challenging quarter. The company's focus on core business activities and financial prudence will be crucial for its performance in the coming quarters.

AG Ventures Limited, formerly known as Oriental Carbon & Chemicals Limited, has released its unaudited financial results for the first quarter of the fiscal year 2025-26, revealing a substantial loss primarily attributed to the demerger of its chemicals business.

Standalone Performance

The company reported standalone revenue from operations of Rs 227.02 crore for the quarter ended June 30, 2025, compared to Rs 241.92 crore in the previous quarter and Rs 677.68 crore in the same quarter last year. This represents a significant year-on-year decline of 66.50%.

The most notable figure in the results was an exceptional items loss of Rs 374.95 crore related to the demerger of AG Ventures' chemicals business. Consequently, after accounting for these exceptional items, the company reported a loss after tax of Rs 375.21 crore from continuing operations.

Consolidated Results

On a consolidated basis, which includes the results of its subsidiary Duncan Engineering Limited, AG Ventures posted revenue from operations of Rs 18.68 crore, lower than the Rs 20.90 crore reported in the previous quarter.

Business Restructuring and Delisting

The company has undergone significant changes in its corporate structure:

• AG Ventures has demerged its chemicals business, which has had a substantial impact on its financial performance this quarter.
• The company has voluntarily delisted its equity shares from the National Stock Exchange of India (NSE).
• It continues to be listed on the BSE Limited, ensuring that shareholders can still trade their shares.

Management Commentary

Arvind Goenka, Chairman of AG Ventures Limited, stated, "The quarter's results reflect the significant impact of our strategic decision to demerger our chemicals business. While this has resulted in a substantial one-time loss, we believe this restructuring will position AG Ventures for focused growth in its core areas going forward."

Looking Ahead

As AG Ventures navigates through this transition phase, investors and market watchers will be keen to see how the company performs in the coming quarters without its chemicals business. The management's ability to drive growth in its remaining business segments will be crucial in determining the company's future trajectory.

The board meeting for the approval of these results was held on August 4, 2025, commencing at 1:00 PM and concluding at 2:30 PM.

Investors are advised to consider these results in the context of the company's ongoing restructuring efforts and to watch for further updates on AG Ventures' business strategy in the post-demerger scenario.