Indogulf Cropsciences Limited announced significant changes in its senior management team following a board meeting held on December 13, 2025. The company made key appointments and noted departures that will reshape its leadership structure across critical business functions.

Board Meeting Outcomes

The board meeting, which commenced at 2:30 PM and concluded at 3:00 PM on December 13, 2025, addressed several important senior management personnel changes. The decisions were made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

New Appointment: Deepak Tuli

The board approved the appointment of Mr. Deepak Tuli as Vice President-Accounts and Senior Management Personnel upon the recommendation of the Nomination and Remuneration Committee. Mr. Tuli will serve as a permanent employee and oversee the accounting and auditing operations of the business as a whole.

Mr. Tuli brings substantial experience to his new role:

• Experience: 26+ years across leading Indian manufacturing sectors
• Expertise: Financial strategy, reporting, taxation, treasury, audit, ERP implementation, and stakeholder management
• Qualifications: Fellow Chartered Accountant (FCA)
• Key Achievements: Led strategic initiatives including majority-stake acquisitions in previous organizations
• Leadership: Built high-performing finance teams and partnered effectively with CXOs, Boards, and global stakeholders

Management Departure

Mr. Surinder Kumar ceased to be Senior Management Personnel following his resignation from the office of Vice President-Sales Marketing (north south zone), effective from the close of business hours on December 13, 2025. In his resignation letter dated October 13, 2025, Mr. Kumar cited ongoing health challenges as the reason for his departure, stating his inability to continue discharging responsibilities effectively.

Current Senior Management Structure

Following these changes, the company's senior management team now comprises:

Regulatory Compliance

The company has fulfilled all disclosure requirements under Regulation 30 of the SEBI Listing Regulations read with SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The intimation has been uploaded on the company's website at https://www.groupindogulf.com/ and communicated to both BSE Limited and National Stock Exchange of India Limited.

These management changes reflect Indogulf Cropsciences' ongoing efforts to strengthen its leadership team while addressing personnel transitions in key operational areas.

Indogulf Cropsciences Limited , a leading player in the agrochemical sector, has reported a 7% year-on-year (YoY) revenue growth for the second quarter of fiscal year 2026 (Q2 FY26), despite facing challenges from extended monsoons and geopolitical export disruptions. The company's performance demonstrates resilience in a challenging environment, with notable improvements in profitability metrics.

Financial Highlights

Performance Drivers

The company's growth was primarily driven by its strong branded B2C business, particularly in crop protection. Despite weather disruptions, key insecticides and herbicide brands, such as Orion Gold, performed well. The multi-brand approach, including the contribution from subsidiary Abhiprakash Globus Private Limited (AGPL) with its Mascot Giraffe brand, has been instrumental in deepening market reach.

Segment and Geographic Performance

• Crop Protection: Continued to be the primary revenue contributor
• Biologicals and Plant Nutrition: Showed strong performance
• Domestic B2C Operations: Significant growth in key states
  • Haryana: 60% increase
  • Uttar Pradesh: 25% increase
  • Maharashtra: 26% increase
  • Andhra Pradesh: 22% increase

Innovation and Product Launch

Indogulf Cropsciences launched 12 new products across crop protection, plant nutrients, and biologicals in the first half of FY26. These new launches have already started contributing to the revenue mix, accounting for 3% of Q2 revenue.

Operational Efficiency

The company's backward-integrated manufacturing base, comprising four plants, continues to support supply reliability and margins with higher utilization year-to-date. The Barwasni capacity enhancement and new DF facility are on track, with full-scale deployment beginning in Q3.

Export Challenges and Future Outlook

Exports remained challenging in Q2 due to geopolitical instability in regions like Ethiopia, Iran, and Ukraine, as well as disruptions in the Red Sea. However, the company is optimistic about the second half of the fiscal year, expecting better performance due to improved water reservoir levels supporting the upcoming Rabi season.

Management Commentary

Sanjay Aggarwal, Managing Director of Indogulf Cropsciences, stated, "Second quarter was shaped by extended monsoons and a cautious trade environment, yet our teams executed strongly on the ground. We stayed focused on brand pull, product mix discipline, and channel hygiene."

He added, "Looking ahead, the recent favorable weather conditions promise better water availability for H2, setting the stage for an enhanced Rabi crop season and robust growth prospects compared to previous years."

Future Strategy

Indogulf Cropsciences plans to:

1. Strengthen its crop protection franchise
2. Scale up plant nutrients and biologicals segments
3. Drive new product launches and registrations
4. Execute the Barwasni expansion and dry flowable plant
5. Deepen backward integration
6. Maintain tight working capital discipline and channel hygiene

As Indogulf Cropsciences navigates through the challenges of erratic weather patterns and global market dynamics, its focus on innovation, multi-brand strategy, and operational efficiency positions it well for potential growth in the coming quarters. Investors and industry observers will be keenly watching the company's performance in the second half of FY26, particularly in light of the anticipated better Rabi season.