Prima Agro Limited has formally declared to BSE Limited that it does not qualify as a 'Large Corporate' entity under the Securities and Exchange Board of India (SEBI) framework. The declaration was submitted on April 2, 2026, confirming the company's exemption from specific regulatory requirements.

Regulatory Framework and Compliance

The declaration was made pursuant to SEBI Circular No. SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018, and the revised Circular No. SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023. These circulars pertain to the framework for fund raising by issuance of debt securities by Large Corporate entities and related disclosure requirements.

Financial Position and Borrowing Details

The company's financial position as of March 31, 2026, supports its declaration of non-applicability under the Large Corporate framework:

The outstanding borrowing figure of Rs. 6.42 crores represents unaudited long-term borrowings as of March 31, 2026. This amount is significantly below the threshold that would classify the company as a Large Corporate entity under SEBI's framework.

Company Information and Authorization

Prima Agro Limited, incorporated under CIN L15331KL1987PLC004833, operates from its registered office in Industrial Development Area, Muppathadam P.O., Edayar, Cochin, Kerala. The company is listed on BSE with stock code 519262 and has listed equity shares under ISIN INE297D01018.

The declaration was signed by V.R. Sadasivan Pillai, Company Secretary and Compliance Officer (Membership No: 13001), and Swati Gupta, Director and Chief Financial Officer, ensuring proper authorization and compliance with regulatory requirements.

Implications of the Declaration

Since Prima Agro Limited does not fall under the Large Corporate category, the extensive disclosure requirements prescribed under the SEBI circulars are not applicable to the company. This exemption reduces the regulatory compliance burden while maintaining transparency with stakeholders through this formal declaration to the stock exchange.

Prima agro Limited has announced its unaudited financial results for the quarter ended 31st December, 2025, demonstrating a notable recovery in profitability. The company's Board of Directors approved both standalone and consolidated financial results during their meeting held on 12th February, 2026, following approval from the Audit Committee.

Financial Performance Overview

The company's financial performance for Q3FY26 shows significant improvement compared to the corresponding period last year:

Nine-Month Performance

For the nine-month period ended 31st December, 2025, Prima Agro demonstrated strong recovery:

Operational Metrics

The company's operational performance reflects improved cost management. Employee benefits expense for Q3FY26 stood at ₹9.18 million compared to ₹8.72 million in Q3FY25. Cost of power and fuel decreased to ₹4.96 million from ₹6.82 million year-on-year, indicating better operational efficiency. Administration and other expenses significantly reduced to ₹6.87 million from ₹13.71 million in the corresponding quarter last year.

Corporate Governance and Compliance

The financial results were prepared in accordance with Indian Accounting Standards (Ind-AS) as specified under Section 133 of the Companies Act, 2013. The company maintains a paid-up equity share capital of ₹5.195 million with face value of ₹10 per share. The Board also noted the allotment and activation of ISIN for unlisted non-convertible preference shares during the meeting.

Auditor's Review

Grand Mark & Associates, Chartered Accountants, conducted the limited review of both standalone and consolidated financial results. The auditors confirmed that nothing came to their attention suggesting material misstatements in the financial results, which were prepared in accordance with applicable accounting standards and SEBI regulations.