India Pesticides Limited (IPL) held its 40th Annual General Meeting (AGM) on August 19, 2025, marking significant developments for the agrochemical company. Shareholders approved several key appointments and financial matters, reinforcing the company's governance structure and future direction.

Key Appointments

Whole-Time Director Appointment

Shareholders regularized Dr. Udaya Bhaskar Mantripragada as Whole-Time Director and Key Managerial Personnel for a five-year term starting July 23, 2025. Dr. Mantripragada brings over 35 years of experience in Synthetic Organic Chemistry, specializing in dyestuffs and agrochemicals.

Dr. Mantripragada's credentials include:

• Ph.D. in Natural Products & Synthesis Chemistry
• 33 international publications
• 11 patents

His expertise is expected to drive advancements across IPL's manufacturing locations, enhancing product quality and operational efficiency.

New Auditors

• Statutory Auditors: M/s Suresh Surana & Associates LLP appointed for a five-year term, succeeding M/s Lodha & Co.
• Secretarial Auditors: M/s GSK & Associates appointed for a five-year period from FY 2025-26 to FY 2029-30.

Other Key Resolutions

Shareholders approved several other important matters:

1. Adoption of audited financial statements for FY 2024-25
2. Declaration of final dividend for FY 2024-25
3. Re-appointment of Non-Executive Directors:
   • Mr. Vishal Swarup Agarwal
   • Mr. Vishwas Swarup Agarwal
4. Increase in remuneration for Dr. Kuruba Adeppa, Whole-Time Director
5. Ratification of Cost Auditors' remuneration for FY 2025-26

Management Presentation

The company's leadership, including the Founder and Promoter Director, CEO, and CFO, presented business and financial highlights during the meeting. While specific financial figures were not disclosed, the presentations likely provided shareholders with insights into IPL's performance and future strategies.

Conclusion

India Pesticides Limited's 40th AGM demonstrated the company's commitment to strong corporate governance and strategic growth. With the appointment of experienced professionals and the approval of key financial matters, IPL appears well-positioned to continue its trajectory in the agrochemical sector.

India Pesticides Limited (IPL) has reported a strong start to the fiscal year, with a 25.8% year-on-year growth in revenue for the first quarter. The company's revenue stood at Rs 282.00 crores, up from Rs 224.00 crores in the same quarter last year.

Financial Highlights

• Revenue: Rs 282.00 crores (25.8% YoY growth)
• EBITDA: Rs 52.00 crores (62.6% YoY growth)
• EBITDA Margin: 18.40% (expanded by 4.17% YoY)
• Net Profit: Rs 35.00 crores (79.2% YoY growth)
• PAT Margin: 12.30% (expanded by 3.6% YoY)

Segment-wise Performance

The company witnessed robust growth in its herbicide business during the quarter. Pretilachlor sales contributed Rs 55.00 crores to the revenue.

Operational Highlights

IPL successfully commissioned its expanded PEDA (Phenoxy Ethyl Alcohol) intermediate facility, increasing capacity from 2,000 tons to 6,000 tons per annum. The company plans to further scale up to 8,500 metric tons per annum by Q2.

Additionally, the formulation capacity has been augmented by 3,500 MT per annum, strengthening IPL's manufacturing capabilities.

Future Outlook

The company has set an ambitious revenue target of Rs 1,000.00 crores for the year, with EBITDA margins expected to be between 18-20%. To support this growth, IPL has planned a capital expenditure of Rs 116.00 crores, allocating Rs 52.00 crores for existing facilities and Rs 64.00 crores for its wholly-owned subsidiary, Shalvis Specialties Limited at Hamirpur.

Management Commentary

Dheeraj Kumar Jain, CEO of India Pesticides Limited, stated, "Our growth momentum will be supported by progress on a strong new product pipeline, expansion of our premier offerings, and continuous improvement in operational efficiency."

The company remains optimistic about improving export demand and stable input costs, which provide a supportive micro-backdrop for growth.

Expansion Plans

IPL is developing its greenfield project at Hamirpur through its subsidiary Shalvis Specialties. The site, spread over 25 acres, is expected to generate revenue of Rs 100.00 crores in the next fiscal year and has the potential to reach Rs 1,000.00 crores in revenue over the next 3-4 years.

India Pesticides Limited continues to focus on backward integration and innovation to strengthen its market position and drive sustainable growth in the agrochemical sector.