Dhanuka agritech Limited has received entry tax demand orders totaling Rs 14.96 crore from the Excise & Taxation Department, Gurugram, relating to alleged non-payment of entry tax under the Haryana Tax on Entry of Goods into Local Areas Act, 2008. The company disclosed this development under Regulation 30 of SEBI listing regulations on February 06, 2026.

Demand Order Details

The company received three separate demand orders covering multiple financial years, with the communication received on February 05, 2026. The demands relate to goods brought into local areas of Haryana during the assessment years 2015-16, 2016-17, and 2017-18.

Nature of Alleged Violation

According to the demand orders, the Excise & Taxation Department has alleged that Dhanuka Agritech failed to discharge entry tax liability under the Haryana Tax on Entry of Goods into Local Areas Act, 2008. The violations specifically relate to goods brought into local areas of Haryana during the three assessment years mentioned above.

Company's Response and Legal Strategy

Dhanuka Agritech has stated that based on its assessment, the aforementioned demands are not maintainable. The company is currently evaluating all available legal options, including filing a writ petition against the demand orders. This indicates the company's intention to challenge the validity and enforceability of these tax demands through appropriate legal channels.

Financial Impact Assessment

The company has clarified that it does not envisage any relevant impact on its financials, operations, or other activities despite the substantial demand amount. This assessment suggests management's confidence in successfully contesting the demands and their belief that the orders lack legal merit.

Regulatory Compliance

The disclosure was made in compliance with Regulation 30 read with Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary & Compliance Officer Jitin Sadana signed the regulatory filing, ensuring proper adherence to listing obligations for material developments that could affect stakeholder interests.

Dhanuka Agritech Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025, following a Board meeting held on February 5, 2026. The company reported quarterly revenue of ₹410.92 crore and net profit of ₹39.99 crore for Q3FY26. The Board also approved key appointments and governance changes during the meeting.

Q3FY26 Financial Performance

The company's quarterly results showed mixed performance across key financial metrics:

For the nine-month period ended December 31, 2025, the company achieved revenue from operations of ₹1,536.45 crore compared to ₹1,593.13 crore in the corresponding previous period, representing a decline of 3.56%. Net profit for nine months stood at ₹189.46 crore versus ₹221.46 crore in the previous year.

Board Appointments and Changes

The Board approved significant leadership changes during the meeting:

Mr. Sanjiv Goel brings over 40 years of experience in techno-commercial roles and strategic management. He is the Promoter of Profectus Solutions and has served as Partner/Advisor with various business groups. The appointment is subject to shareholder approval through postal ballot, with the cut-off date set for February 13, 2026.

Committee Reconstitution

Following the directorial changes, the Board reconstituted key committees:

Audit Committee:

• Mr. Satish Kumar Gupta (Chairman)
• Mr. Sanjay Saxena (Member)
• Mr. Bajrang Lal Bajaj (Member)
• Mr. Mahendra Kumar Dhanuka (Member)

Nomination & Remuneration Committee:

• Mr. Sanjay Saxena (Chairman)
• Mr. Bajrang Lal Bajaj (Member)
• Mr. Satish Kumar Gupta (Member)

Regulatory Compliance and Outlook

The financial results were prepared in accordance with Indian Accounting Standards (Ind AS) and reviewed by statutory auditors S S Kothari Mehta & Co. LLP. The company noted that demand for agro-chemical products depends on monsoon patterns, pest infestation, and crop cycles, which may cause variations in results across periods.

The Board meeting commenced at 1:00 PM and concluded at 2:35 PM on February 5, 2026. M/s. VAPN & Associates has been appointed as Scrutinizer for the postal ballot process to seek shareholder approval for the new director appointment.