Spright Agro Limited (formerly known as Tine Agro Limited) has announced several significant developments in its recent board meeting, including an interim dividend declaration and plans to explore AgriTech business opportunities.

Interim Dividend Announcement

The board of directors of Spright Agro Limited has declared an interim dividend of ₹0.01 per equity share, representing a 1% dividend on the face value of ₹1 per share for the financial year ending March 31, 2026. Shareholders on record as of September 26, 2025, will be eligible to receive the dividend, which is scheduled to be distributed by October 15, 2025.

Deferral of Bonus Share Issuance

After careful consideration and evaluation, the company has decided to defer its previously proposed issuance of bonus shares. The board thoroughly deliberated on the matter before reaching this decision.

Exploration of AgriTech Business Opportunities

In a strategic move, Spright Agro Limited has approved the exploration of various AgriTech business opportunities. The company plans to conduct feasibility studies, pilot projects, and form partnerships across multiple technology-driven agricultural domains. These include:

1. Precision Agriculture & Farm Automation: Utilizing sensors, IoT devices, soil health probes, and weather stations coupled with AI/ML-driven analytics for optimizing irrigation, nutrient application, and yield.

2. Unmanned Aerial Systems (UAS/Drones): Deploying agricultural drones for mapping, crop health monitoring, targeted spraying, and seeding, potentially offering drone-as-a-service models compliant with DGCA norms.

3. Digital Market Infrastructure: Developing agriculture-oriented blockchain platforms for produce traceability, e-auctions, smart-contract based settlements, and transparent price discovery mechanisms.

4. Post-Harvest & Supply-Chain Technology: Implementing IoT-enabled warehousing, cold-chain tracking, route optimization, and risk-management systems to minimize post-harvest losses.

5. Farmer Services & Data Platforms: Creating farm-management software (SaaS), advisory tools, credit-scoring data systems for input finance and insurance, and compliance modules aligned with agricultural standards.

6. Controlled-Environment Agriculture: Evaluating pilots in greenhouses, hydroponics, and related inputs where technology can enhance productivity and quality.

The company is considering various approaches to pursue these opportunities, including in-house development, strategic alliances, technology licensing, and potential subsidiary or special purpose vehicle (SPV) formation.

Cautionary Note

Spright Agro Limited emphasized that these AgriTech initiatives are currently in the exploratory stage, and no binding contracts or transactions have been entered into at this time. The company has committed to informing the stock exchange of any material developments or definitive agreements resulting from this evaluation, in compliance with SEBI LODR regulations and other applicable laws.

The board meeting where these decisions were made commenced at 6:00 PM and concluded at 7:15 PM on September 18, 2025.

Investors and stakeholders are advised to monitor further announcements from the company regarding the progress of these initiatives and their potential impact on Spright Agro Limited's future operations and financial performance.

The Bombay Stock Exchange (BSE) has issued a warning to investors regarding trading in Spright Agro Ltd shares, urging caution against online tips circulating on platforms like Telegram and WhatsApp. This comes in the wake of an ongoing investigation by the Securities and Exchange Board of India (SEBI) into alleged regulatory violations by the company.

SEBI Investigation

SEBI conducted searches at Spright Agro's premises and is investigating potential violations related to:

• Preferential allotments
• Share splits
• Bonus issues
• Rights offerings
• Suspicious trading activities

The investigation covers the period from August 2023 to April 2025, during which the company executed multiple corporate actions.

Corporate Actions Under Scrutiny

Spright Agro Ltd has undertaken several corporate actions that have drawn regulatory attention:

1. March 2024: 1:10 stock split and 1:1 bonus issue
2. November 2024: Another 1:1 bonus issue
3. June 2024: Rights issue raising Rs 44.87 crore at Rs 13.40 per share

Suspicious Trading Activity

The SEBI investigation is focusing on potentially suspicious trading activities, including:

• 16 out of 35 original preferential allottees selling their rights for a combined profit of Rs 29.56 crore during the June 2024 rights issue.
• A significant improvement in the company's financial performance, with quarterly net profit increasing from below Rs 51.00 lakh to above Rs 5.50 crore starting November 2023.

Upcoming Corporate Action

Despite the ongoing regulatory scrutiny, Spright Agro has announced plans to consider a 10:1 bonus share issue at an upcoming board meeting.

Investor Caution Advised

The BSE's warning serves as a reminder for investors to exercise caution and conduct thorough due diligence before making investment decisions, especially when faced with unsolicited stock tips from unofficial sources.

As the SEBI investigation unfolds, investors are advised to stay informed about any official communications from the regulatory authorities and the company regarding the ongoing probe and its potential implications.