Best Agrolife Limited has submitted its monitoring agency report for the quarter ended December 31, 2025, to stock exchanges, detailing the utilization of proceeds from its preferential issue of convertible warrants. The report, prepared by CRISIL Limited as the monitoring agency, reveals no utilization of issue proceeds during the reported quarter.

Issue Details and Revisions

The company's preferential issue was conducted from December 17, 2024, to December 26, 2024, involving convertible warrants. The issue size was revised from Rs 200.00 crore to Rs 150.00 crore due to undersubscription of warrants.

Utilization Status and Fund Allocation

The monitoring report indicates that no funds were utilized during the quarter ended December 31, 2025. The company has received Rs 37.50 crore as subscription amount, representing 25% of the issue size, with the balance Rs 112.50 crore yet to be received from warrant holders.

Warrant Conversion Challenges

The report highlights significant market developments affecting warrant conversion prospects. Following a stock split from Rs 10.00 to Rs 1.00 per share and a bonus issue in the ratio of 1:2, the warrant exercise price was proportionately revised to Rs 64.00 per share. However, as of January 27, 2026, the company's equity shares were trading at approximately Rs 22.00 per share, substantially below the exercise price.

Conversion Timeline and Risk Factors

Warrant holders have 18 months from the allotment date of December 27, 2024, to exercise their conversion rights. The monitoring agency has noted an inherent risk of non-exercise of conversion rights if market prices continue to remain below the exercise price of Rs 64.00 per share, which may impact the realization of proceeds from the warrants.

Regulatory Compliance

The report confirms compliance with Regulation 32(6) of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, and Regulation 162A of SEBI Issue of Capital and Disclosure Requirements Regulations, 2018. CRISIL Limited, serving as the monitoring agency under the agreement dated October 20, 2024, has reported no deviations from disclosed objects during the quarter.

Best Agrolife Limited has released its Q3 FY26 financial results and corporate presentation, showing mixed performance with revenue decline but improved profitability metrics. The company made these disclosures through regulatory filings on February 9, 2026, ensuring compliance with SEBI transparency requirements.

Financial Performance Overview

The company's Q3 FY26 results reflect challenging market conditions with revenue from operations declining to ₹202.9 crores compared to ₹274.1 crores in Q3 FY25, marking a 26% year-on-year decrease. However, the company demonstrated improved operational efficiency with EBITDA turning positive.

Nine-Month Performance

For the nine-month period (9M FY26), Best Agrolife reported revenue of ₹1,101 crores against ₹1,540 crores in the corresponding previous period. The company maintained an EBITDA of ₹127 crores with an 11.5% margin, while profit after tax stood at ₹46 crores.

Corporate Disclosures

The company has made available both the corporate presentation and audio recording of its Q3 FY26 earnings conference call held on February 9, 2026. These disclosures were made pursuant to Regulation 30 and 46 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015.

Investor Access

Investors and stakeholders can access the complete corporate presentation and earnings call audio recording through the company's official website at bestagrolife.com/investors. The announcements were signed by Aarti Arora, CS & Compliance Officer, confirming regulatory compliance for the quarter ended December 31, 2025.