Super Crop Safe Limited has released its unaudited standalone financial results for the third quarter of FY26, ending December 31, 2025. The company demonstrated operational performance with net sales reaching Rs 1710.58 lakhs, though the results came with significant auditor observations regarding financial irregularities and statutory compliance issues.

Financial Performance Overview

The company's quarterly and nine-month performance showed the following key metrics:

The company's total income for Q3FY26 stood at Rs 1712.25 lakhs, including other income of Rs 1.67 lakhs. Total expenses amounted to Rs 1677.50 lakhs, resulting in a profit from operations before tax of Rs 34.75 lakhs.

Operational Cost Structure

The expense breakdown for Q3FY26 revealed significant cost components:

The cost of materials consumed represented the largest expense component, accounting for approximately 89% of total expenses during the quarter.

Major Auditor Concerns

Parimal S. Shah & Co., the company's auditors, highlighted several critical observations in their limited review report:

Statutory Dues and Compliance Issues

The auditors noted irregularities in depositing statutory dues related to Provident Fund, Dividend Distribution Tax, Professional Tax, TDS, and salary payments.

Sales and Transaction Concerns

The auditors expressed concern that more than 55% of total sales comprised barter sales or related party transactions, with Rs 11.70 crores in barter sales still subject to party confirmation.

Outstanding Balances

The review also highlighted significant outstanding balances:

• Debtors: Out of total debtors of Rs 23.63 crores, more than 55% (Rs 13.09 crores) were opening outstanding amounts
• Creditors: Out of total creditors of Rs 8.61 crores, more than 54% (Rs 4.66 crores) were opening outstanding amounts

Going Concern Considerations

The auditors noted that persistent irregularities in sales, debtors, creditors, and accumulating statutory liabilities with unpaid salaries cast significant doubt on the company's ability to continue as a going concern. However, the financial statements have been prepared on a going concern basis, as management believes the company will meet its operational and financial commitments as they arise.

Corporate Governance and Compliance

The financial results were reviewed by the Audit Committee and approved by the Board of Directors in their respective meetings held on February 14, 2026. The statements have been prepared in accordance with Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013. The company maintains a paid-up capital of Rs 804.29 lakhs with a face value of Rs 2.00 per share, and other equity excluding revaluation reserve stands at Rs 2120.60 lakhs.

Super Crop Safe Limited has announced the successful completion of its Extraordinary General Meeting (EOGM) held on January 19, 2026, with all three proposed special resolutions receiving overwhelming shareholder approval. The meeting was conducted through video conferencing, with 48 shareholders participating—9 from the promoter group and 39 from the public category.

Meeting Overview and Participation

The EOGM was held at 2:00 PM IST with a record date of January 12, 2026. The company had a total of 14,162 shareholders on the record date, with PCS Rupal Patel serving as the scrutinizer for the voting process.

Resolution Results

Resolution 1: Related Party Transaction Approval

The first resolution regarding approval of related party transaction for conversion of loan into equity shares achieved strong support across all shareholder categories.

Resolution 2: Preferential Share Issuance

The second resolution for issuance of up to 1,17,44,731 equity shares on preferential basis upon conversion of outstanding unsecured loan to non-promoter category persons received identical voting results.

Resolution 3: Director Appointment Regularization

The third resolution for regularization of appointment of Mr. Satish I Patel (DIN: 11413031) as Executive Director also passed with strong support. Notably, 31,77,357 shares belonging to interested parties were excluded from voting on this resolution.

E-Voting Process

The e-voting facility was provided by MUFG Intime India Private Limited, with the voting period running from January 16, 2026, at 9:00 AM to January 18, 2026, at 5:00 PM. The voting results demonstrate strong shareholder confidence, with minimal opposition across all three resolutions—only 200 votes cast against each resolution from the public non-institutional category.

Corporate Governance Compliance

The meeting was conducted in full compliance with Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Section 108 of the Companies Act, 2013. The scrutinizer's report, dated January 21, 2026, confirmed the validity of the voting process and results. All voting records and documentation have been made available on the company's website at www.supercropsafe.in for transparency and stakeholder access.