Agri-Tech India Limited announced its unaudited financial results for the third quarter and nine months ended December 31, 2025, presenting a mixed performance with revenue growth accompanied by increased quarterly losses. The Board of Directors approved these results at their meeting held on January 30, 2026.

Financial Performance Overview

The company's quarterly performance showed contrasting trends in revenue and profitability metrics:

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, the company demonstrated improved performance compared to the previous year:

Expense Structure and Key Concerns

The company's expense profile revealed significant challenges, particularly in other expenditure which surged to ₹55.37 lakhs in Q3 FY26 from ₹4.59 lakhs in Q3 FY25. Production expenses decreased to ₹5.19 lakhs from ₹7.94 lakhs year-over-year. Employee benefit expenses also declined to ₹1.29 lakhs from ₹2.74 lakhs in the corresponding quarter.

The auditors raised qualified opinions regarding two critical issues:

• Non-compliance with Section 186 provisions for not charging interest of ₹226.82 lakhs on loans and advances granted to various parties
• Incomplete assessment of financial impact from new Labour Codes effective November 21, 2025

Board Appointments and Corporate Governance

The Board approved the appointment of Mr. Anil Kashinath Purkar as Additional Independent Director with immediate effect from January 30, 2026, subject to shareholder approval. Key details of the appointment include:

Mr. Purkar will also serve as a member of the Nomination and Remuneration Committee, bringing extensive agricultural expertise to the company's governance structure.

Business Operations and Outlook

Agri-Tech India Limited operates primarily in the horticulture crops segment with a lean workforce of only two employees. The company maintains its registered office in Chhatrapati Sambhajinagar and reported no investor complaints during the quarter. The paid-up equity share capital remained stable at ₹594.00 lakhs with a face value of ₹10 per share.

Despite revenue growth trends, the company faces operational challenges reflected in its expense management and regulatory compliance issues highlighted by the auditors' qualified opinion.

Nagarjuna Agri-Tech Limited has announced an extension in the timeline for completing its strategic acquisition of two Kathleen entities, pushing the deadline from January 31, 2026 to March 31, 2026. The Board of Directors approved this extension during their meeting held on January 30, 2026, at the company's corporate office in Kolkata.

Acquisition Timeline Extension

The extension was necessitated due to unforeseen circumstances and procedural requirements that prevented the completion of the acquisition within the originally stipulated timeframe. The Board had initially approved the acquisition of M/s. Kathleen Confectioners and M/s. Kathleen Food Private Limited in earlier meetings held on March 06, 2025 and June 03, 2025, with shareholder approval obtained during the Annual General Meeting on September 27, 2025.

Acquisition Details

The acquisition involves 100% shareholding in both target entities operating in the Quick Service Restaurant and bakery chain segment. The total investment is planned up to Rs 15 crores approximately, to be made in one or more tranches through bank transfer of consideration.

Target Entities Profile

Kathleen Confectioners, established on December 30, 1978, operates as a partnership firm in the bakery and confectionery business. The entity manufactures a wide range of products including bakeries, desserts, cakes, pastries, chocolates, and butterscotch Swiss rolls.

Kathleen Food Private Limited, incorporated on June 14, 1991, has an authorized capital of Rs 20,00,000 and paid-up capital of Rs 9,05,000 with shares of Rs 10 each.

Financial Performance Overview

Kathleen Food Private Limited reported a net profit of Rs 1,628,480.07 in 2023-24, while Kathleen Confectioners recorded a net loss of Rs 1,23,29,164.

Strategic Rationale

The acquisition represents a strategic diversification move for Nagarjuna Agri-Tech Limited into the high-growth urban FMCG segment. Kathleen operates through 94 stores comprising 20 company-owned outlets and 74 franchises, providing an established retail network and loyal customer base. The company plans to modernize operations, enhance product innovation, and leverage digital sales partnerships with quick commerce and food delivery platforms to drive long-term profitability.

All other terms and conditions relating to the acquisition remain unchanged as approved in earlier Board meetings and shareholder resolutions. The company has confirmed it is taking all necessary steps to complete the transaction within the revised extended timeframe.