Nova Agritech Limited , a key player in the agricultural technology sector, has announced its financial results for the quarter ended September 30, 2025, alongside significant management changes. The company has demonstrated robust growth and strategic moves to strengthen its financial leadership.

Financial Performance Highlights

Nova Agritech reported a substantial increase in revenue for the quarter:

On a consolidated basis, the company's performance was even more impressive:

The significant jump in revenue and profitability indicates strong market demand for Nova Agritech's products and services.

Appointment of New CFO

Nova Agritech has appointed Mr. Lakshmi Satish Tata as its new Chief Financial Officer, effective November 13, 2025.

Key points about Mr. Tata:

• Qualification: Chartered Accountant with a B.Com from Sri Acharya Nagarjuna University, Guntur
• Experience: Over 20 years in finance
• Expertise: Financial operations, working capital management, financial audits, and regulatory compliance
• Previous roles: Finance Head at Ravindra Bharathi Schools, Assistant Manager at S&P Global Market Intelligence, and Business Tax Analyst at IBSN Inc.

Corporate Governance and Compliance

The company has taken steps to enhance its corporate governance:

1. The board has approved an updated policy on related party transactions.
2. Nova Agritech confirmed no deviation in the utilization of IPO proceeds from stated objectives, demonstrating commitment to transparency and proper fund allocation.

Market Implications

The strong financial results, coupled with the strategic appointment of an experienced CFO, may positively impact investor confidence in Nova Agritech. The company's growth in revenue, particularly on a consolidated basis, suggests effective expansion strategies and robust demand for its agricultural technology solutions.

As the agricultural sector continues to embrace technological advancements, Nova Agritech's performance indicates it is well-positioned to capitalize on these market trends. Investors and industry observers will likely keep a close watch on how the new CFO leverages his extensive experience to further optimize the company's financial strategies and support its growth initiatives.

Nova Agritech Limited , a prominent player in the agricultural technology sector, has announced a significant change in its leadership. Srinivasarao Mandalapu, the company's Chief Executive Officer (CEO), has tendered his resignation, effective November 10, 2025.

Resignation Details

According to the company's official communication to the stock exchanges, Mr. Mandalapu's departure is attributed to personal reasons. The resignation will take effect from the close of business hours on November 10, 2025. In his resignation letter, Mr. Mandalapu confirmed that there are no other material reasons for his decision to step down.

Corporate Disclosure

Nova Agritech Limited, in compliance with regulatory requirements, has informed both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) about this change in key managerial personnel. The company's disclosure aligns with Regulation 30 read with para "A" of part "A" of Schedule III of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

CEO's Farewell

In his resignation letter, Mr. Mandalapu expressed his gratitude to the Board of Directors, management, and colleagues for their support and guidance during his tenure. He stated, "I am grateful for the opportunity to serve and contribute to the growth of Nova Agritech Limited."

Company Response

The company acknowledged Mr. Mandalapu's contributions and has initiated the process of transition. Nova Agritech's Company Secretary & Compliance Officer, Neha Soni, signed the official intimation to the stock exchanges, ensuring transparency in the leadership change process.

While this development marks a significant change for Nova Agritech, the company has not yet announced any succession plans or the appointment of an interim CEO. Investors and stakeholders will likely be watching closely for further updates on the company's leadership transition and its potential impact on Nova Agritech's strategic direction.

As the agricultural technology sector continues to evolve, Nova Agritech's ability to navigate this leadership change will be crucial for maintaining its market position and pursuing future growth opportunities.