Puretrop fruits Limited has submitted a clarification letter to BSE Limited on 13th January, 2026, addressing typographical errors in its board meeting outcome regarding Q3FY26 financial results and key managerial personnel changes. The clarification was necessitated due to incorrect information in the original submission dated 12th January, 2026.

Financial Results Period Correction

The company clarified that in the covering letter of the board meeting outcome, the period for unaudited standalone financial results was incorrectly mentioned. The correction details are presented below:

The financial results pertain to the quarter and nine months ended on 31st December 2025, prepared in accordance with Indian Accounting Standards.

Key Managerial Personnel Changes

Puretrop Fruits Limited announced significant changes in its key managerial personnel structure, involving three major appointments and resignations:

CEO Appointment

Ms. Dipti Motiani has been appointed as Chief Executive Officer effective 1st March, 2026. Her professional background and key details are:

Ms. Dipti Motiani brings significant experience in strategic planning and operational excellence, with strong expertise in leadership, technology-driven processes, and business development.

Company Secretary Changes

The company announced changes in the Company Secretary and Compliance Officer position:

The company initially mentioned Ms. Preeti Jaiswar's resignation date as 31st March, 2026, but clarified that the correct effective date is 31st January, 2026.

New Company Secretary Profile

Ms. Vanshika Lunia, the newly appointed Company Secretary and Compliance Officer, is an Associate Member of the Institute of Company Secretaries of India. Her key qualifications include:

• Membership Number: A73889
• Expertise: Company Secretarial Functions, Statutory Compliance, and Corporate Governance
• Listed Entity Directorships: NIL
• Company Shareholding: NIL
• Contact: Phone: 079 40307056, Email: vanshika.lunia2000@gmail.com

Regulatory Compliance

The clarification letter was submitted under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company requested BSE Limited to update its records and disseminate the corrected information on its website. All disclosures comply with the requirements of Regulation 30 read with Part A of Schedule III of the Listing Regulations and SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November 2024.

Puretrop fruits shares surged 3% today after the company announced a significant buyback program worth ₹22 crores, demonstrating management's confidence in the business amid improving operational performance. The stock reached a high of ₹178.50 compared to the previous day's closing price of ₹173.50, with the company currently holding a market capitalization of ₹141 crores.

Buyback Program Details

The board of directors has approved a buyback of up to 11 lakh equity shares at ₹200 per share, representing a substantial 15% premium to the previous closing price. This buyback initiative accounts for 17.42% of the company's paid-up capital and free reserves, indicating a meaningful capital allocation decision.

The timing of this announcement coincides with the company's return to profitability, supported by income from discontinued operations and enhanced cost management through restructuring activities.

Strong Financial Performance

Puretrop Fruits demonstrated robust financial improvement in Q3 FY26, marking a significant turnaround from the previous year's performance. The company's operational metrics show substantial growth across key parameters.

This financial turnaround reflects the company's successful restructuring efforts and improved operational efficiency in its core business segments.

Promoter Participation and Governance

The buyback program gains additional credibility through promoter participation, with the promoter group holding approximately 62.4% of the company's equity. This alignment of interests between promoters and minority shareholders strengthens the buyback's strategic rationale. Additionally, 15% of the buyback has been reserved for small shareholders as per regulatory requirements, ensuring retail investor participation.

Business Operations

Puretrop Fruits operates as an integrated agribusiness entity specializing in sourcing, processing, and exporting fresh fruits, vegetables, fruit pulp, concentrate, and cold-processed juice. The company has established itself as a reliable supplier of grapes and pomegranates from India to European retail markets over several years.

The company's competitive advantages include:

• Strong farmer linkages ensuring consistent supply
• Adherence to highest food safety and traceability standards
• State-of-the-art fruit processing facility located in Nashik
• Sustainable business model focused on quality-based exports

Market Valuation Context

Currently, Puretrop Fruits shares trade at a price-to-earnings ratio of 63, significantly higher than the industry average of 21.7, reflecting investor optimism about the company's growth prospects and recent operational improvements. The buyback announcement at a 15% premium further validates management's confidence in the company's intrinsic value and future performance potential.