Elegant Floriculture & Ag has announced its unaudited financial results for the half-year ended September 30, 2025, showcasing significant growth in revenue and profitability.

Financial Highlights

The company reported a robust performance for the period:

All figures in crore rupees

Operational Performance

The company's revenue from operations saw an extraordinary increase, reaching ₹15,960.93 crore for the half-year ended September 2025, compared to ₹14.39 crore in the corresponding period of the previous year. This substantial growth is primarily attributed to the sales of agricultural produce, particularly rice.

Profit Growth

Elegant Floriculture Agrotech's profit before tax stood at ₹289.72 crore for the half-year period, marking a significant increase from ₹24.16 crore in the previous year. The net profit for the period rose to ₹220.66 crore, up from ₹24.16 crore in the corresponding period.

Balance Sheet Strength

The company's total assets increased to ₹19,167.62 crore as of September 30, 2025, from ₹3,293.71 crore as of March 31, 2025, indicating substantial growth in the company's asset base.

Business Model Shift

The auditors noted a significant increase in turnover, mainly due to sales of agricultural produce, particularly rice. It was observed that goods were delivered directly by suppliers to end buyers, without being held in the company's premises. The company has recognized these sales in its books and raised invoices in its own name, indicating a shift in its business model.

Management Approval and Auditor's Review

The Board of Directors approved these results at their meeting held on November 11, 2025. The financial statements have been prepared in accordance with Indian Accounting Standards (Ind AS) and other accounting principles generally accepted in India.

Valawat & Associates, Chartered Accountants, conducted a limited review of the financial results. They found no material misstatements and confirmed that the financial information has been disclosed in accordance with SEBI regulations.

Investors and stakeholders should note that these results represent a significant change in the company's business operations and scale. The dramatic increase in revenue and profitability warrants attention to the sustainability of this growth and any potential risks associated with the new business model.

Elegant Floriculture & Agrotech (India) Limited , a company listed on the Bombay Stock Exchange (BSE: 526473), has announced significant developments following a board meeting held on August 8, 2025. The company's Board of Directors has approved plans to raise funds and appointed a new Company Secretary and Compliance Officer.

Fundraising Plans

The Board of Directors has initiated plans to raise funds for the company. While the specific details are yet to be finalized, the company is considering various methods, including:

• Preferential issue
• Rights issue
• Qualified institutional placement (QIP)

The exact mode of fundraising, quantum, and terms will be decided at a later date, subject to necessary regulatory approvals and compliance requirements. This move indicates the company's intent to strengthen its financial position, potentially for expansion or other strategic initiatives.

New Company Secretary Appointment

In a key personnel change, Ms. Priya Gupta has been appointed as the Company Secretary and Compliance Officer, effective August 8, 2025. Ms. Gupta brings a unique blend of qualifications and experience to her new role:

Educational Background

• Bachelor of Ayurvedic Medicine and Surgery (BAMS) from Yerala Medical Trust's Ayurvedic College, Maharashtra University of Health Sciences (2004)
• Company Secretary (CS) from the Institute of Company Secretaries of India (2011)

Professional Experience

• Associate member of the Institute of Company Secretaries of India (ICSI)
• Expertise in Corporate Law, Corporate Governance, and SEBI-related matters
• Completed secretarial training at Kotak Mahindra Old Mutual Life Insurance Ltd, Mumbai, and Punjab Chemicals and Crop Protection Limited, Chandigarh

Ms. Gupta's appointment fulfills the requirements of Section 203 of the Companies Act, 2013, and Regulation 6(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. It's worth noting that Ms. Gupta currently holds no shares in the company.

Board Meeting Details

The board meeting where these decisions were made took place on August 8, 2025, commencing at 4:00 p.m. and concluding at 5:20 p.m. The company has duly informed the BSE of these developments in compliance with regulatory requirements.

These strategic moves by Elegant Floriculture & Agrotech (India) Limited suggest a focus on strengthening its corporate governance and exploring avenues for financial growth. Investors and stakeholders will likely be watching closely for further details on the fundraising plans and their potential impact on the company's future direction.