Nova Agritech Limited , a key player in the agricultural technology sector, has announced the re-appointment of Mr. Kiran Kumar Adapa as an Independent Director for a second term of five years. The decision, made by the company's Board of Directors on August 9, 2025, is subject to shareholder approval at the upcoming 18th Annual General Meeting.

Experienced Agricultural Scientist at the Helm

Mr. Adapa brings a wealth of experience to his role, with over 26 years as a Scientist in Horticulture. His academic credentials include a Bachelor of Science in Horticulture from Andhra Pradesh Agricultural University and a Doctorate of Philosophy in Horticulture from Dr. Y.S.R. Horticultural University.

Extensive Research Background

Throughout his career, Mr. Adapa has conducted extensive research in vegetables, fruits, and post-harvest management. His expertise has been instrumental in shaping agricultural practices and contributing to the field of horticulture.

Current Role and Contributions

Presently, Mr. Adapa serves as an Officer on special duty for oil palm development in Telangana Oilfed. He also assists the Department of Horticulture, Telangana State, in postharvest management, leveraging his extensive knowledge to benefit the agricultural sector.

Continuation of Leadership

Mr. Adapa's re-appointment, set to commence on March 17, 2026, pending shareholder approval, signifies Nova Agritech's confidence in his leadership and expertise. His continued presence on the board is expected to provide valuable insights and guidance to the company's operations and strategic decisions.

Compliance and Transparency

Nova Agritech Limited has confirmed that Mr. Adapa has not been debarred from holding the office of Director by any regulatory authority. The company also stated that he is not related to any Director, Key Managerial Personnel, or Promoter of the Company, ensuring independence in his role.

The re-appointment of Mr. Kiran Kumar Adapa underscores Nova Agritech's commitment to maintaining strong corporate governance and leveraging expert knowledge in the agricultural technology sector. As the company moves forward, Mr. Adapa's continued involvement is poised to contribute significantly to its growth and development in the coming years.

Nova Agritech Limited , a key player in the agricultural solutions sector, has reported no deviation in the utilization of proceeds from its Initial Public Offer (IPO) for the quarter ended June 30, 2025. The company also announced its financial results for the first quarter of the fiscal year 2025-26.

IPO Fund Utilization

The company raised ₹112.00 crore through its IPO, with a net proceed of ₹100.95 crore after deducting issue-related expenses. Nova Agritech has confirmed that the utilization of funds is in line with the objectives stated in the prospectus dated January 28, 2024. As of June 30, 2025, the company has utilized ₹100.51 crore of the net proceeds, with only ₹0.44 crore remaining unutilized.

The funds have been allocated as follows:

The Audit Committee has reviewed and noted that there is no deviation, and the unutilized proceeds are parked in fixed deposits with scheduled banks.

Q1 FY26 Financial Highlights

Nova Agritech Limited has released its unaudited standalone financial results for the quarter ended June 30, 2025:

• Revenue from operations stood at ₹11.65 crore
• Total income, including other income, was ₹12.62 crore
• Profit before tax (PBT) was reported at ₹0.47 crore
• Net profit after tax (PAT) for the quarter was ₹0.47 crore

Consolidated Performance

On a consolidated basis, which includes its subsidiaries Nova Agri Sciences Private Limited and Nova Agri Seeds Private Limited, the company reported:

• Consolidated revenue from operations of ₹46.75 crore
• Total consolidated income of ₹46.84 crore
• Consolidated profit before tax of ₹3.91 crore
• Consolidated net profit after tax of ₹3.25 crore

Corporate Governance and Future Outlook

The Board of Directors, in their meeting held on August 9, 2025, approved these financial results along with other key decisions:

• Scheduled the 18th Annual General Meeting for September 19, 2025
• Recommended the re-appointment of Mr. Kiran Kumar Adapa as an Independent Director for a second term of 5 years, subject to shareholder approval

Nova Agritech continues to focus on its core business of manufacturing, marketing, and distribution of soil health management, crop nutrition, and crop protection products. The company's commitment to proper fund utilization and transparent financial reporting underscores its dedication to corporate governance and shareholder trust.

As Nova Agritech moves forward, it aims to leverage its expanded production capabilities and working capital to strengthen its position in the agricultural solutions market.