AG Ventures Limited Appoints Dhruv Ranjan as Additional Director with Venture Capital Expertise

1 min read     Updated on 27 Feb 2026, 03:11 PM
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Overview

AG Ventures Limited appointed Mr. Dhruv Ranjan (DIN: 11570610) as Additional Director (Non-Executive, Non-Independent) effective February 27, 2026, following Board approval based on Nomination Committee recommendations. Mr. Ranjan brings nearly a decade of venture capital experience from Indian Angel Network and Anicut Capital, with portfolio exposure to companies like Neeman's, Blue Tokai, GIVA and Agnikul. He will serve until the next AGM or three months, whichever is earlier, subject to shareholder approval for regular directorship.

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AG Ventures Limited has announced the appointment of Mr. Dhruv Ranjan as Additional Director, bringing significant venture capital expertise to its board. The appointment, effective February 27, 2026, was approved by the Board of Directors following recommendations from the Board Nomination and Remuneration Committee.

Appointment Details

The key parameters of Mr. Ranjan's appointment are outlined below:

Parameter: Details
Director Name: Mr. Dhruv Ranjan
DIN: 11570610
Designation: Additional Director (Non-Executive, Non-Independent)
Effective Date: February 27, 2026
Initial Term: Until ensuing AGM or 3 months, whichever is earlier
Future Status: Subject to shareholder approval, liable to retire by rotation

Professional Background and Expertise

Mr. Dhruv Ranjan brings nearly a decade of specialized experience in venture capital to AG Ventures Limited. He holds an MBA degree and commenced his venture capital career with Indian Angel Network, where he worked closely with early-stage startups. Since 2016, he has been associated with Anicut Capital's early-stage investment platform, focusing on evaluating and executing investments across diverse sectors including consumer, deeptech and space technology.

His investment portfolio includes notable companies such as:

  • Neeman's
  • Blue Tokai
  • GIVA
  • Agnikul

Current Role and Previous Experience

Currently, Mr. Ranjan serves as part of the Investor Relations team at Anicut Capital, where he focuses on fund-raising activities across multiple investment strategies. His responsibilities encompass early-stage, growth, late-stage equity and credit strategies. Prior to his venture capital career, he began his professional journey with Wipro in sales, where he significantly scaled revenues over a four-year period, gaining valuable experience in client management, business development and execution.

Regulatory Compliance

The appointment complies with all regulatory requirements under the Companies Act, 2013 and SEBI regulations. Mr. Ranjan is not related to any existing Director of the Company and is not debarred from holding directorship by SEBI or any other regulatory authority. The disclosure has been made pursuant to Regulation 30 of SEBI Listing Regulations and will be available on the company's website at www.agventuresltd.com .

Strategic Implications

The addition of Mr. Ranjan to the board represents AG Ventures Limited's commitment to strengthening its governance structure with experienced professionals from the investment and capital markets domain. His extensive background in venture capital and startup ecosystem evaluation is expected to provide valuable strategic insights to the company's growth initiatives.

Historical Stock Returns for AG Ventures

1 Day5 Days1 Month6 Months1 Year5 Years
+1.88%-1.26%-3.92%-34.90%-34.32%-47.32%

AG Ventures Reports Strong Q3 Performance; Mahindra Manulife Declares IDCW

2 min read     Updated on 05 Feb 2026, 10:54 PM
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Reviewed by
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Overview

AG Ventures Limited delivered strong Q3 FY26 performance with standalone revenue of ₹1,110.04 lakhs and net profit of ₹121.57 lakhs, while nine-month revenue reached ₹2,528.07 lakhs. Mahindra Manulife declared ₹0.18 per unit IDCW under its Aggressive Hybrid Fund with February 09, 2026 record date. Other notable developments included Aptus Finance's robust quarterly results and Century Plyboards' mixed performance amid exceptional items related to new labour codes.

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AG Ventures Limited has delivered a strong financial performance for Q3 FY26, while several other companies announced significant corporate developments and financial results.

AG Ventures Q3 FY26 Financial Performance

AG Ventures Limited reported robust standalone financial results for the quarter ended December 31, 2025. The company's operational performance showed significant improvement across key metrics.

Metric Q3 FY26 Q3 FY25 Change
Revenue from Operations ₹1,110.04 lakhs ₹919.89 lakhs +20.67%
Net Profit Before Tax ₹90.24 lakhs ₹235.91 lakhs -61.74%
Net Profit After Tax ₹121.57 lakhs ₹150.45 lakhs -19.18%
Earnings Per Share ₹1.22 ₹1.51 -19.21%

For the nine months ended December 31, 2025, AG Ventures achieved standalone revenue of ₹2,528.07 lakhs with net profit after tax of ₹381.38 lakhs. The company maintained its paid-up equity share capital at ₹999.01 lakhs with face value of ₹10 per share.

Mahindra Manulife IDCW Declaration

Mahindra Manulife Investment Management Private Limited announced the declaration of Income Distribution cum Capital Withdrawal (IDCW) under its Aggressive Hybrid Fund. The trustee approved IDCW distribution for Monthly IDCW Options.

Plan/Option IDCW Per Unit Record Date Face Value NAV (Feb 3, 2026)
Regular Plan - Monthly IDCW ₹0.18 February 09, 2026 ₹10 ₹19.5482
Direct Plan - Monthly IDCW ₹0.18 February 09, 2026 ₹10 ₹22.5527

The IDCW distribution is subject to availability of distributable surplus and applicable statutory levies. Unit holders whose names appear in registrar records as of the record date will be eligible to receive the distribution.

Other Corporate Developments

Aptus Finance Strong Performance

Aptus Finance India Private Limited reported impressive Q3 FY26 results with total income from operations of ₹18,865.66 lakhs compared to ₹13,014.52 lakhs in Q3 FY25. The company achieved net profit after tax of ₹7,637.27 lakhs versus ₹4,875.31 lakhs in the previous year quarter.

Century Plyboards Mixed Results

Century Plyboards (India) Limited faced challenges in Q3 FY26 with standalone revenue of ₹1,15,466.85 lakhs. The company recognized exceptional expenses of ₹717.89 lakhs in standalone results related to increased gratuity liability arising from new labour code notifications.

Market Activities and Notices

The Great Eastern Shipping Company Limited announced a special window for re-lodgement of physical share transfer requests, following SEBI's circular dated January 30, 2026. The window remains open from February 05, 2026 to February 04, 2027, allowing investors to submit previously rejected transfer deeds.

PPS Enviro Power Pvt Ltd (in Liquidation) issued its 13th e-auction notice for assignment of Not Readily Realisable Assets (NRRA) with a reserve price of ₹500 lakhs and auction scheduled for March 02, 2026.

Historical Stock Returns for AG Ventures

1 Day5 Days1 Month6 Months1 Year5 Years
+1.88%-1.26%-3.92%-34.90%-34.32%-47.32%

More News on AG Ventures

1 Year Returns:-34.32%