Godrej Agrovet Clarifies Business Expansion News, Confirms No Material Impact

Godrej Agrovet Limited has issued a comprehensive clarification to BSE regarding news reports about its crop protection business expansion. The company responded to BSE's inquiry concerning a news item about expanding product portfolio and strengthening distribution networks in North and East regions for its crop protection business.

Regulatory Compliance and Clarification

The company confirmed full compliance with Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, stating that all mandatory disclosures have been made appropriately. Godrej Agrovet clarified that no undisclosed developments requiring mandatory disclosure under listing regulations or insider trading regulations have taken place.

Parameter:	Details
Regulatory Status:	Full compliance with SEBI regulations
Material Impact:	No undisclosed information exists
Disclosure Requirements:	All mandatory disclosures completed
Business Expansion:	Product portfolio and distribution network expansion

The company emphasized that the news regarding expansion of product portfolio and distribution networks does not constitute material information requiring separate disclosure under applicable regulations.

Strong Q3 FY26 Financial Performance

Godrej Agrovet reported robust financial results for Q3 FY26, demonstrating strong operational performance across key business segments. The company achieved significant revenue growth driven by margin expansion in key portfolio businesses.

Financial Metric:	Q3 FY26	Q3 FY25	Y-o-Y Change
Revenues:	₹2,718.00 crore	₹2,450.00 crore	+11.00%
EBITDA:	₹260.00 crore	₹229.00 crore	+13.60%
EBITDA Margin:	9.60%	9.30%	-
Profit Before Tax:	₹169.00 crore	₹138.00 crore	+23.10%
PBT Margin:	6.20%	5.60%	-
Profit After Tax:	₹110.00 crore	₹110.00 crore	0.00%

Segment-wise Business Performance

The Animal Feed business continued its robust growth trajectory with sales volume increasing 12.00% to 445,060 MT in Q3 FY26. Segment revenue grew 1.90% to ₹1,298.00 crore, while underlying segment result improved 16.90% to ₹90.00 crore, reflecting operational efficiencies and cost management initiatives.

The Vegetable Oil segment delivered exceptional performance with revenue growing 27.00% to ₹618.00 crore, driven by higher volumes and improved Fresh Fruit Bunch arrivals. Segment result increased 25.20% to ₹144.00 crore, maintaining healthy margins at 23.40%.

Segment:	Revenue Growth	Key Highlights
Animal Feed:	+1.90% to ₹1,298.00 crore	Volume growth 12.00%, improved margins
Vegetable Oil:	+27.00% to ₹618.00 crore	Strong volume growth, healthy margins
Crop Protection:	+37.20% to ₹136.00 crore	Weather-related margin challenges

New Product Launches and Strategic Initiatives

The company announced several new product launches across business segments, including Dhanalaxmi G nutritious premium cattle feed and Bypro Plus with improved protein levels in the feed business. In crop protection, the company launched Ashitaka maize herbicide and announced plans for Takai paddy insecticide launch.

Product Category:	Details
Cattle Feed:	Dhanalaxmi G launched in Western India
Enhanced Feed:	Bypro Plus launched in Southern India
Herbicide:	Ashitaka for maize crops (in-licensed from ISK)
Insecticide:	Takai for paddy crops (launch planned)

Godrej Agrovet's clarification demonstrates the company's commitment to transparent communication with stakeholders while highlighting its strong operational performance and strategic growth initiatives across multiple business segments.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.25%	+1.65%	-11.02%	-18.06%	-24.21%	+9.98%

Godrej Agrovet Limited has disclosed to stock exchanges that it has received a notice from the Income Tax Department requiring payment of Rs. 41,36,010/- on account of late payment interest and levy. The company made this disclosure under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015.

Income Tax Notice Details

The Office of the Assistant Commissioner of Income Tax issued a Notice under Section 226(3) of the Income Tax Act, 1961, to HDFC Bank Limited for payment on behalf of Godrej Agrovet Limited. The notice was received by the company on February 23, 2026.

Parameter	Details
Authority	Income Tax Department, Ministry of Finance, Government of India
Notice Section	Section 226(3) of the Income Tax Act, 1961
Amount Demanded	Rs. 41,36,010/-
Components	Late payment interest, late filing levy and interest under Section 220(2)
Date Received	February 23, 2026

Company's Response and Impact Assessment

Godrej Agrovet Limited has assessed that there is no material impact on the financial operations or other activities of the company due to the demand made in the notice. The company has clarified that no violations or contraventions have been committed or alleged to be committed in this matter.

Corrective Action

The company has indicated that it is in the process of filing a correction statement with the Income Tax Authority to address the issues raised in the notice. This suggests that the company believes the demand may be based on incorrect information or calculations that can be rectified through proper documentation.

Regulatory Compliance

The disclosure was made to both BSE Limited and National Stock Exchange of India Limited as required under the listing regulations. The communication was signed by Vivek Raizada, Head – Legal & Company Secretary & Compliance Officer, ensuring proper corporate governance protocols were followed in making this announcement to stakeholders.