Nova agritech Limited has announced the resignation of Independent Director Mr. Kiran Kumar Adapa, effective January 12, 2026, leading to a comprehensive reconstitution of the company's board committees. The resignation was communicated to BSE Limited and National Stock Exchange of India Limited under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Director Resignation Details

Mr. Kiran Kumar Adapa (DIN: 09087754) submitted his resignation letter on January 12, 2026, citing professional commitments as the reason for his departure. The resignation became effective at 9:00 AM on the same date. The company has confirmed that there are no other material reasons for his resignation beyond those provided in his resignation letter.

Board Committee Reconstitution

Following the resignation, the Board of Directors convened an emergency meeting on January 12, 2026, from 3:00 PM to 3:50 PM to address the committee restructuring. The reconstitution ensures continued compliance with regulatory requirements and maintains the independence of key committees.

Audit Committee

The Audit Committee has been reconstituted with Mrs. Swapna Kandula replacing Mr. Kiran Kumar Adapa as a member:

Other Committee Changes

The Stakeholders Relationship Committee now includes Mr. Adabala Seshagiri Rao as a new member, with Mrs. Swapna Kandula serving as Chairman. The Nomination & Remuneration Committee has been similarly restructured with Mr. Ramesh Babu Nemani as Chairman and the addition of Mr. Adabala Seshagiri Rao as a member.

Additional Corporate Actions

The Board has also dissolved the IPO Committee, citing the complete utilization of IPO proceeds as the reason for this decision. This dissolution reflects the company's successful deployment of funds raised through its initial public offering.

Regulatory Compliance

The announcement was made in compliance with SEBI Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, with all required disclosures and documentation provided to the stock exchanges. Company Secretary & Compliance Officer Neha Soni signed the regulatory filing, ensuring proper documentation of the corporate governance changes.

Nova Agritech Limited , a key player in the agricultural technology sector, has announced its financial results for the quarter ended September 30, 2025, alongside significant management changes. The company has demonstrated robust growth and strategic moves to strengthen its financial leadership.

Financial Performance Highlights

Nova Agritech reported a substantial increase in revenue for the quarter:

On a consolidated basis, the company's performance was even more impressive:

The significant jump in revenue and profitability indicates strong market demand for Nova Agritech's products and services.

Appointment of New CFO

Nova Agritech has appointed Mr. Lakshmi Satish Tata as its new Chief Financial Officer, effective November 13, 2025.

Key points about Mr. Tata:

• Qualification: Chartered Accountant with a B.Com from Sri Acharya Nagarjuna University, Guntur
• Experience: Over 20 years in finance
• Expertise: Financial operations, working capital management, financial audits, and regulatory compliance
• Previous roles: Finance Head at Ravindra Bharathi Schools, Assistant Manager at S&P Global Market Intelligence, and Business Tax Analyst at IBSN Inc.

Corporate Governance and Compliance

The company has taken steps to enhance its corporate governance:

1. The board has approved an updated policy on related party transactions.
2. Nova Agritech confirmed no deviation in the utilization of IPO proceeds from stated objectives, demonstrating commitment to transparency and proper fund allocation.

Market Implications

The strong financial results, coupled with the strategic appointment of an experienced CFO, may positively impact investor confidence in Nova Agritech. The company's growth in revenue, particularly on a consolidated basis, suggests effective expansion strategies and robust demand for its agricultural technology solutions.

As the agricultural sector continues to embrace technological advancements, Nova Agritech's performance indicates it is well-positioned to capitalize on these market trends. Investors and industry observers will likely keep a close watch on how the new CFO leverages his extensive experience to further optimize the company's financial strategies and support its growth initiatives.