Dhanuka Agritech Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025, following a Board meeting held on February 5, 2026. The company reported quarterly revenue of ₹410.92 crore and net profit of ₹39.99 crore for Q3FY26. The Board also approved key appointments and governance changes during the meeting.

Q3FY26 Financial Performance

The company's quarterly results showed mixed performance across key financial metrics:

For the nine-month period ended December 31, 2025, the company achieved revenue from operations of ₹1,536.45 crore compared to ₹1,593.13 crore in the corresponding previous period, representing a decline of 3.56%. Net profit for nine months stood at ₹189.46 crore versus ₹221.46 crore in the previous year.

Board Appointments and Changes

The Board approved significant leadership changes during the meeting:

Mr. Sanjiv Goel brings over 40 years of experience in techno-commercial roles and strategic management. He is the Promoter of Profectus Solutions and has served as Partner/Advisor with various business groups. The appointment is subject to shareholder approval through postal ballot, with the cut-off date set for February 13, 2026.

Committee Reconstitution

Following the directorial changes, the Board reconstituted key committees:

Audit Committee:

• Mr. Satish Kumar Gupta (Chairman)
• Mr. Sanjay Saxena (Member)
• Mr. Bajrang Lal Bajaj (Member)
• Mr. Mahendra Kumar Dhanuka (Member)

Nomination & Remuneration Committee:

• Mr. Sanjay Saxena (Chairman)
• Mr. Bajrang Lal Bajaj (Member)
• Mr. Satish Kumar Gupta (Member)

Regulatory Compliance and Outlook

The financial results were prepared in accordance with Indian Accounting Standards (Ind AS) and reviewed by statutory auditors S S Kothari Mehta & Co. LLP. The company noted that demand for agro-chemical products depends on monsoon patterns, pest infestation, and crop cycles, which may cause variations in results across periods.

The Board meeting commenced at 1:00 PM and concluded at 2:35 PM on February 5, 2026. M/s. VAPN & Associates has been appointed as Scrutinizer for the postal ballot process to seek shareholder approval for the new director appointment.

Dhanuka Agritech Limited has received a significant demand order from the State Goods Services Department, Government of Rajasthan, Jaipur, as disclosed in a regulatory filing. The company informed stock exchanges about this development under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

GST Demand Order Details

The demand order carries substantial financial implications for the agrochemical company. The breakdown of the total demand is presented below:

Alleged Violations

The Rajasthan GST authorities have raised the demand based on two primary allegations:

• Directors' Remuneration: The company allegedly failed to pay GST on certain components of directors' remuneration and commission
• Miscellaneous Receipts: There has been alleged short payment of GST on miscellaneous receipts

Company's Response and Assessment

Dhanuka Agritech has taken a firm stance against the demand order. The company's management has assessed the demand as not maintainable and is actively evaluating all available legal options. The primary course of action being considered includes filing an appeal against the order issued by the State Goods Services Department.

Financial Impact Assessment

Despite the substantial amount involved in the demand order, the company has provided reassurance regarding its operational continuity. Based on internal assessment, Dhanuka Agritech does not envisage any relevant impact on its financials, operations, or other business activities. This suggests the company's confidence in successfully challenging the demand through appropriate legal channels.

The disclosure demonstrates the company's commitment to transparency and regulatory compliance by promptly informing stakeholders about material developments that could potentially affect investor interests.