Harshil Agrotech Limited has announced a significant business development, securing a substantial work order worth ₹113.00 crores from Heera Merchants. The order, which focuses on the supply of various agricultural products, marks a notable milestone for the company in its core business of trading and processing agricultural goods.

Order Details

The work order encompasses the supply of a diverse range of grains and vegetables, including:

• Wheat (Grade-A)
• Potato
• Onion
• Tomato (Hybrid)
• Green Chilli (Fresh)
• Brinjal/Capsicum mix

Harshil Agrotech is expected to deliver these products within a 45-day timeframe from the work order date, with deliveries scheduled in mutually agreed tranches. The delivery points include the Ahmedabad APMC and buyer-designated warehouses and cold storage facilities.

Financial Terms

The financial arrangement for this order includes:

Operational Aspects

Harshil Agrotech will be responsible for arranging packing and transport, including cold chain logistics for perishable items. The final quantity and quality will be determined by the buyer's weighbridge and quality control processes.

The company has committed to adhering to quality standards as per APMC and FSSAI norms. The agreement includes provisions for rejection/replacement, liquidated damages for delays, and specifies Ahmedabad as the jurisdiction for any potential arbitration.

Strategic Importance

Pankajkumar Patel, Managing Director of Harshil Agrotech Limited, commented on the order's significance: "This order aligns with our core business and is expected to contribute meaningfully to our near-term revenues, subject to timely execution, quality acceptance, and collection of dues as per agreed terms."

Relationship Disclosure

It's worth noting that Heera Merchants is an unrelated party, with no promoter or group interest in the counterparty. This transaction does not fall under related party transactions, ensuring transparency in the deal.

Market Impact

While the company expects this order to positively impact its near-term financial performance, it has cautioned that the actual contribution is subject to various factors including timely execution, quality acceptance, and market conditions.

Harshil Agrotech Limited continues to strengthen its position in the agricultural products sector with this significant order. Investors and stakeholders will be keenly watching the execution of this order and its impact on the company's financial results in the coming quarters.

Harshil Agrotech Limited has announced a crucial board meeting scheduled for September 5, 2025, where the company will deliberate on several significant matters that could potentially impact its future growth and shareholder value.

Key Agenda Items

The board of directors will convene at the company's registered office in Ahmedabad, Gujarat, to discuss and decide on the following important matters:

Interim Dividend Declaration

The board will consider declaring an interim dividend, which could provide immediate returns to shareholders.

Business Expansion

A proposal to expand the company's operations into spices processing and export will be evaluated. This move could potentially diversify Harshil Agrotech's product portfolio and open up new revenue streams.

Bonus Shares Issue

The board will deliberate on the approval of issuing bonus shares, which could increase the company's share capital without additional cash infusion from shareholders.

Regulatory Compliance

In adherence to SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, Harshil Agrotech has duly informed the BSE Limited about the upcoming board meeting. The company's Managing Director, Pankajkumar Patel, signed the official intimation dated August 28, 2025.

Meeting Details

Investors and market observers will be keenly watching the outcomes of this meeting, as the decisions made could have significant implications for Harshil Agrotech's financial structure, business strategy, and shareholder value. The company's stock performance may see increased activity in the days leading up to and following the board meeting.

Shareholders and interested parties are advised to await official announcements from the company regarding the resolutions passed at the board meeting.