Agri-Tech (India) Limited has informed stock exchanges about receiving a significant penalty order from the National Company Law Appellate Tribunal (NCALT). The company disclosed this development on January 8, 2026, in compliance with regulatory disclosure requirements.

NCALT Penalty Details

The penalty order, dated December 17, 2025, imposes a cost of ₹25,00,000 on Agri-Tech (India) Limited. This penalty arises from the company's involvement in Corporate Insolvency Resolution Process (CIRP) proceedings against Techindia Nirman Limited.

Regulatory Compliance and Disclosure

The disclosure was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Chief Financial Officer Rajendra Sharma signed the disclosure document, ensuring compliance with SEBI Circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

The company provided detailed information as required under the regulatory framework, including comprehensive particulars about the penalty and its implications.

Financial Impact Assessment

The penalty order creates a direct financial impact on Agri-Tech (India) Limited's operations. The company has identified this as resulting in a loss of ₹25,00,000 to its financial position.

Stock Exchange Communication

Agri-Tech (India) Limited communicated this development to both major stock exchanges where its shares are listed. The company trades on BSE with code 537292 and on NSE with symbol AGRITECH. The disclosure ensures transparency and keeps investors informed about material developments affecting the company's financial position.

Agri-Tech (India) Limited has announced the departure of Mr. Vadla Nagabhushanam from its board as an Independent Director. This change in the company's leadership structure comes as a result of shareholders' decision at the recent Annual General Meeting.

Key Details of the Directorship Change

Background and Implications

Mr. Nagabhushanam's tenure as an Independent Director came to an end following the completion of his first term on October 29, 2025. The company had proposed his re-appointment, but this resolution failed to secure approval from the shareholders at the Annual General Meeting held on September 19, 2025.

In addition to his role as an Independent Director, Mr. Nagabhushanam also served as a member of the Nomination and Remuneration Committee. His departure will necessitate a restructuring of this important board committee.

Company's Statement

The Board of Directors and Management of Agri-Tech (India) Limited have expressed their appreciation for Mr. Nagabhushanam's contributions. In their official statement, they acknowledged his invaluable guidance and services during his tenure as an Independent Director.

Regulatory Compliance

This announcement aligns with the regulatory requirements set forth by the Securities and Exchange Board of India (SEBI). Agri-Tech (India) Limited has made this disclosure in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company has also provided additional details as mandated by SEBI's master circular dated November 11, 2024, ensuring transparency in corporate governance matters.

As Agri-Tech (India) Limited navigates this change in its board composition, stakeholders will be keen to observe any potential impacts on the company's governance structure and future strategic decisions.