Nagarjuna Agri-Tech Limited has announced the outcome of its board meeting held on February 05, 2026, approving Q3FY26 unaudited financial results and appointing Mr. Biswanath Bhattacharya as Chief Executive Officer. The meeting was conducted at the company's corporate office in Kolkata from 3:15 PM to 4:00 PM in compliance with SEBI regulations.

Q3FY26 Financial Performance

The company reported mixed financial results for the quarter ended December 31, 2025, showing revenue growth but facing profitability challenges during the period.

The nine-month performance demonstrated significant business expansion with revenue of ₹3,013.10 lakhs compared to ₹0.61 lakhs in the corresponding period last year, indicating substantial operational growth despite quarterly variations.

CEO Appointment and Profile

The board approved Mr. Biswanath Bhattacharya's appointment as Chief Executive Officer effective February 05, 2026. The new CEO brings extensive industry experience to strengthen the company's leadership structure.

Mr. Bhattacharya graduated from IHM Kolkata, Calcutta University, with a postgraduate degree in Hospitality Management (MBA) from the USA. He specializes in launching and managing fine dining restaurants, Quick Service Restaurants, and institutional sales for multinational brands. He completed his Management Trainee Program from Choice Hotels and has expertise in market research, customer needs analysis, and business strategy development.

Regulatory Compliance and Documentation

The board meeting was conducted pursuant to Regulation 30 and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors.

The company's auditors, Agarwal Khetan & Co. (FRN No-330054E), provided a clean limited review report for the quarterly results. The financial statements were prepared in accordance with Indian Accounting Standard 34 "Interim Financial Reporting" and other applicable accounting principles. Company Secretary Deepika Bhutra signed the regulatory filings, ensuring proper compliance and stakeholder communication.

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.