Best Agrolife Limited has officially set January 16, 2026, as the record date for its approved stock split and bonus share issue, marking a significant milestone in the company's corporate restructuring plans.

Record Date Announcement

In a regulatory filing dated January 2, 2026, the agrochemical company informed stock exchanges about the fixed record date under Regulation 42 of SEBI Listing Regulations. This date will determine eligible shareholders for both the sub-division of equity shares and bonus issue.

Corporate Actions Overview

The company's board had previously approved two major corporate actions subject to shareholder approval:

Stock Split: Sub-division of one equity share with face value of Rs. 10 into ten equity shares of Re. 1 each, fully paid-up. This action aims to make shares more affordable and accessible to retail investors.

Bonus Issue: Issuance of bonus equity shares in 1:2 ratio, meaning shareholders will receive one bonus share of face value Re. 1 for every two existing shares of Re. 1 each, fully paid-up.

Implementation Timeline

Market Impact and Shareholder Benefits

These corporate actions are expected to enhance market liquidity and provide additional value to existing shareholders. The stock split will reduce the share price proportionally, making it more accessible to smaller investors, while the bonus issue will increase shareholders' stake without additional investment.

The company operates in the agro chemicals sector and is classified as a small-cap stock with a market capitalization of ₹937.40 crores. The formal announcement of the record date provides clarity to investors and ensures proper implementation of the approved corporate restructuring.

Best Agrolife , a leading agrochemical company, reported a significant decline in revenue for the second quarter of fiscal year 2026 (Q2 FY26) due to adverse weather conditions affecting the agrochemical sector. Despite the challenges, the company has implemented strategic measures to improve operational efficiency and financial stability.

Financial Performance

Best Agrolife reported revenue of Rs. 516.80 crores in Q2 FY26, marking a 30.8% decrease from Rs. 746.60 crores in Q2 FY25. The company's Profit After Tax (PAT) also saw a decline, dropping to Rs. 38.30 crores from Rs. 94.70 crores in the same period last year.

Factors Affecting Performance

The company attributed the revenue decline to excessive rainfall and crop damage, which significantly impacted agrochemical demand. Many regions experienced floods and untimely rains, leading to substantial crop losses, especially for cotton, soybean, pulses, groundnuts, and vegetables.

Strategic Initiatives

Despite the challenging environment, Best Agrolife has taken several steps to improve its financial position and operational efficiency:

1. Inventory Reduction: The company reduced its inventory by Rs. 207.00 crores, bringing it down to Rs. 666.00 crores from Rs. 873.00 crores in H1 FY25.

2. Sales Return Policy: Best Agrolife expects significantly lower sales returns in Q3 FY26 compared to previous years, due to its revised sales return policy and reduced pre-season order placement strategy.

3. OPEX Reduction: Through strategic restructuring across regional operations, the company achieved a 13% reduction in operational expenses compared to Q2 FY25.

4. Focus on Patented Products: Patented products now contribute to more than half of the company's brand portfolio, which is expected to enhance brand value and improve margin profiles.

Outlook

Best Agrolife has set a target revenue of Rs. 1,500.00 crores for the full fiscal year FY26. The company aims to achieve an EBITDA margin of around 13% to 14% in the second half of FY26.

Mr. Vimal Kumar, Managing Director of Best Agrolife, expressed optimism about the upcoming Rabi season, stating, "With focus on research and development, operational discipline, and significantly lower sales return in Q3, I am confident that Best Agro is well positioned for growth and profitability."

The company also highlighted its efforts in expanding its international presence, with plans to generate revenue from its China subsidiary and explore opportunities in markets such as Africa, Mauritius, Sri Lanka, and Vietnam.

As Best Agrolife navigates through these challenges, it remains committed to its long-term growth strategy, focusing on innovation, operational efficiency, and expanding its patented product portfolio.