Nilratan Suppliers Private Limited has announced the acquisition of an additional stake in Cropster Agro Limited, marking a significant increase in its shareholding position. The company disclosed this substantial acquisition in compliance with regulatory requirements under SEBI regulations, with the transaction completed on December 15, 2025.

Acquisition Details

The transaction involved the purchase of 76,00,000 shares of Cropster Agro Limited, representing 0.90% of the company's total share capital. The acquisition was completed through market purchase mechanisms.

Shareholding Position Changes

The acquisition has resulted in a notable increase in Nilratan Suppliers' overall shareholding in Cropster Agro Limited. The company's stake has grown substantially following this transaction.

Regulatory Compliance

Nilratan Suppliers Private Limited made the disclosure on December 16, 2025, in accordance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company confirmed that it does not belong to the promoter or promoter group of Cropster Agro Limited. The disclosure was submitted to BSE Limited, where Cropster Agro shares are listed under scrip code 523105.

Corporate Information

The acquisition represents a strategic investment by Nilratan Suppliers in Cropster Agro Limited, which operates in the trading sector. Cropster Agro Limited maintains its corporate office at West Gate Business Bay, S.G. Highway, Ahmedabad, Gujarat. Nilratan Suppliers Private Limited is registered in Bahraich, Uttar Pradesh, with CIN U70100UP2011PTC076071.

Cropster Agro Limited, a leading player in the agro-products sector, has reported a significant increase in profits for the first quarter of the fiscal year 2026, alongside announcing several changes to its board of directors and key management personnel.

Financial Performance

The company's unaudited financial results for Q1 FY26 reveal a robust performance:

Cropster Agro's total income for the quarter surged to Rs. 5,569.26 lakhs, marking a substantial 37.5% increase from Rs. 4,049.70 lakhs in the corresponding quarter of the previous year. The company's net profit also saw a parallel growth, rising to Rs. 397.38 lakhs from Rs. 288.98 lakhs, reflecting a 37.5% year-on-year increase.

Despite the impressive growth in total income and net profit, the earnings per share (EPS) decreased to Rs. 0.05 in Q1 FY26 from Rs. 1.16 in Q1 FY25. This decline in EPS can be attributed to an increase in the number of outstanding shares, as indicated by the change in paid-up equity share capital from Rs. 2,500 lakhs to Rs. 8,400 lakhs.

Board and Management Changes

In a series of strategic moves, Cropster Agro's Board of Directors approved several key appointments and accepted a resignation:

1. New Non-Executive Director: Mr. Harendrasingh Chauhan (DIN: 11241707) has been appointed as an Additional Non-Executive Non-Independent Director, effective August 14, 2025. Mr. Chauhan, a Commerce Graduate with extensive experience in agro-related products, management, and administration, is expected to contribute significantly to the company's future growth.

2. New Independent Director: Ms. Sejalben Rakeshkumar Rathod (DIN: 11228401) joins the board as an Additional Independent Director for a five-year term, also effective from August 14, 2025. Ms. Rathod brings valuable experience in management and expertise in the agro field.

3. Chief Financial Officer: Mr. Pavankumar Ramsinh Verma has been appointed as the new Chief Financial Officer with immediate effect. Mr. Verma's experience in accounting and finance is anticipated to benefit the company's financial strategies and operations.

4. Director Resignation: The board accepted the resignation of Ms. Maya Devi (DIN: 10229643) from her position as Non-Executive Director, effective August 14, 2025, citing personal reasons.

All new appointments are subject to shareholder approval at the upcoming general meeting.

Jaivikkumar Patel, Managing Director of Cropster Agro Limited, stated, "We are pleased with our strong start to the fiscal year 2026. The robust financial performance reflects our team's hard work and the growing demand for our products. We are also excited about the new additions to our board and management team, which we believe will further strengthen our leadership and drive our growth strategy forward."

The company's focus on expanding its agro-products portfolio and strategic management changes indicate its commitment to sustaining growth and enhancing shareholder value in the coming quarters.