Agribio Spirits Limited (formerly known as Beekay Niryat Limited) has announced its 50th Annual General Meeting (AGM) and set the record date for its final dividend payment for the financial year ended March 31, 2025.

Key Details

Dividend Information

The Board of Directors has recommended a final dividend of Rs. 0.25 per equity share for the financial year ended March 31, 2025. This dividend is subject to approval by shareholders at the upcoming AGM. If approved, the dividend will be paid within 30 days from the date of the AGM to eligible shareholders.

AGM Agenda Highlights

1. Adoption of audited financial statements for FY 2024-25
2. Declaration of final dividend
3. Re-appointment of Mrs. Puja Bajoria as director, who retires by rotation
4. Re-appointment of M/s R P Khandelwal & Associates as Statutory Auditors
5. Appointment of M/s Abhishek S & Associates as Secretarial Auditors
6. Increase in borrowing limits under Section 180(1)(c) of the Companies Act, 2013
7. Approval for investments, loans, guarantees, and security in excess of limits specified under Section 186
8. Approval of material related party transactions

E-voting Information

The company is providing remote e-voting facility to its shareholders. The e-voting period will commence on September 27, 2025, at 9:00 A.M. and end on September 29, 2025, at 5:00 P.M. Shareholders holding shares as of the cut-off date of September 23, 2025, may cast their votes electronically.

Agribio Spirits Limited has appointed Mr. Arun Kumar Shrivastav, Practicing Chartered Accountant, as the Scrutinizer to oversee the e-voting process and ensure transparency.

Shareholders are encouraged to participate in the AGM and exercise their voting rights. For any queries related to e-voting, members can contact the company at info@abil.co.in or refer to the detailed instructions provided in the AGM notice.

The AGM notice and annual report for FY 2024-25 are available on the company's website at www.beekayniryat.com .

Agribio Spirits Limited (ASL), formerly known as Beekay Niryat Limited, has reported a significant increase in revenue and profit for the first quarter. The company also announced key changes to its board structure and committees.

Financial Highlights

ASL's unaudited financial results for Q1 showcase remarkable growth:

The company's revenue from operations surged to Rs 736.31 lacs in Q1, marking a substantial 1211.00% increase from Rs 56.19 lacs in the same quarter last year. This growth was accompanied by a 395.00% rise in standalone net profit, which reached Rs 41.46 lacs, up from Rs 8.37 lacs in the previous year's Q1.

On a consolidated basis, ASL's net profit rose to Rs 98.23 lacs, representing a 56.00% increase compared to Rs 63.07 lacs in the previous Q1.

Board Restructuring and Committee Changes

In a significant move, the company's board approved the re-designation of Mr. Kamal Kishor Sharma as Chairman, effective August 13. This decision was based on the recommendation of the Nomination and Remuneration Committee.

Additionally, ASL announced the reconstitution of its key committees:

Audit Committee

• Nitin Hotchandani (Chairman, Independent Director)
• Kamal Kishor Sharma (Member, Independent Director)
• Ashutosh Bajoria (Member, Non-Executive Director)

Nomination and Remuneration Committee

• Nitin Hotchandani (Chairman, Independent Director)
• Kamal Kishor Sharma (Member, Independent Director)
• Ashutosh Bajoria (Member, Non-Executive Director)

Stakeholders' Relationship Committee

• Kamal Kishor Sharma (Chairman, Independent Director)
• Nitin Hotchandani (Member, Independent Director)
• Puja Bajoria (Member, Non-Executive Director)

Key Management Personnel Authorization

The board has authorized key managerial personnel to determine material events and make disclosures to stock exchanges. The authorized personnel include:

• Mr. Ratan Singh (Managing Director)
• Mr. Gaurav Somani (Chief Financial Officer)
• Ms. Madhuri Dhanopia (Company Secretary & Compliance Officer)

Pending Merger

ASL reiterated that the previously approved merger between Agribiotech Industries Limited and Agribio Spirits Limited remains pending regulatory approvals. The merger, approved by the board on December 31, is set to proceed under Sections 230 to 232 of the Companies Act, 2013, once all necessary approvals are obtained.

The strong financial performance and strategic board restructuring position Agribio Spirits Limited for continued growth in the coming quarters. Investors and stakeholders will be watching closely to see how these changes impact the company's future performance and market position.