Spright Agro , an Ahmedabad-based agricultural company, has announced plans for a significant corporate action amidst an ongoing investigation by the Securities and Exchange Board of India (SEBI). The company's board is set to meet on September 18 to consider issuing 10 bonus shares for every one share held and a 100% dividend payout.

Proposed Corporate Actions

The company is considering the issuance of bonus equity shares in a ratio of 10:1, subject to shareholder and other requisite approvals. This move would be facilitated by capitalizing free reserves and/or securities premium, as per Regulation 42 of SEBI LODR. Additionally, the board will deliberate on recommending a dividend of up to 100% on the equity share capital for the current financial year.

SEBI Investigation

While these corporate actions are being proposed, SEBI is currently investigating Spright Agro for possible violations related to preferential allotments, share splits, bonus issues, rights offerings, and suspicious trading activities between August 2023 and April 2025. The regulatory body is examining the company's rapid capital expansion, which has seen its paid-up capital grow almost 40 times within a year, from over 50 crore shares to over 107 crore shares.

Financial Performance

Despite the ongoing investigation, Spright Agro has reported strong financial results for the first quarter:

The company's quarterly net profit has seen a significant jump from below Rs 51 lakh to above Rs 5.5 crore starting November 2023, which is also under SEBI's scrutiny.

Business Operations

Spright Agro has reported completion of agro commodity supply orders worth Rs 299 crore with various entities:

• Rs 102 crore order executed for Abhaynath Tradelink Pvt Ltd
• Rs 97 crore for Saize Enterprise Pvt Ltd
• Rs 100 crore for Laxam Commtrade Pvt Ltd

Strategic Expansion

The company is also evaluating a strategic entry into AgriTech-related businesses. This may include in-house builds, strategic alliances, technology licensing, and/or subsidiary/SPV formation. Areas under consideration include:

• Precision Agriculture & Farm Automation
• Unmanned Aerial Systems (UAS/Drones)
• Digital Market Infrastructure
• Post-Harvest & Supply-Chain Tech
• Farmer Services & Data Platforms
• Controlled-Environment & Inputs

Mr. Akshaykumar Patel, Managing Director of Spright Agro Ltd, stated, "Company has been actively strengthening its financial base to support growth and operational needs. As we move forward, we remain committed to sustaining this growth momentum with a continued emphasis on innovation and strengthening our leadership position in the market."

As these developments unfold, investors and market watchers will be keenly observing how the proposed corporate actions and expansion plans align with the ongoing SEBI investigation and the company's future trajectory in the agricultural sector.

Spright Agro Limited has announced a crucial board meeting scheduled for September 18, 2025, to deliberate on three significant proposals that could potentially reshape the company's future and reward its shareholders.

Bonus Shares and Dividend

The board will evaluate the issuance of bonus shares at a ratio of 10:1, which means shareholders could receive ten bonus equity shares for every one equity share held. This proposal aims to capitalize on the company's free reserves and/or securities premium. Additionally, the board will consider declaring a dividend of up to 100% on the equity share capital for the current financial year, subject to necessary approvals.

Strategic Entry into AgriTech

In a move that could significantly expand its business horizons, Spright Agro is set to evaluate a strategic entry into AgriTech-related businesses. This initiative is designed to complement and strengthen the company's existing agriculture value-chain operations. The board will review proposals to initiate feasibility studies, pilots, and partnerships across multiple technology themes, including:

1. Precision Agriculture & Farm Automation
2. Unmanned Aerial Systems (UAS/Drones)
3. Digital Market Infrastructure
4. Post-Harvest & Supply-Chain Tech
5. Farmer Services & Data Platforms
6. Controlled-Environment & Inputs

The company is exploring various implementation strategies, such as in-house development, strategic alliances, technology licensing, and the potential formation of subsidiaries or special purpose vehicles (SPVs). However, it's important to note that at this stage, the proposal is exploratory, and no binding contracts or transactions have been entered into.

Trading Window Closure

In compliance with SEBI regulations and the company's Code of Conduct, the trading window for Spright Agro's securities is currently closed. It will remain closed until 48 hours after the announcement of the board meeting outcome, ensuring fair trading practices.

Investors and stakeholders are advised to await the official outcome of the board meeting, as these proposals are subject to board approval, shareholder consent, and other regulatory clearances. The company has stated that it will provide further details, including any Record Date(s), in due course and in accordance with SEBI regulations.

This board meeting marks a potentially transformative moment for Spright Agro Limited, as it considers steps to reward shareholders and position itself at the forefront of agricultural technology innovation.