Shri Vasuprada Plantations Limited has secured a significant legal victory with the Kerala High Court at Ernakulam granting a favorable order dated December 16, 2025. The ruling addresses the company's rubber plantation operations and is expected to positively impact its business operations and financial position.

Court Order Details

The Kerala High Court delivered its judgment in the matter of IA No. 1 of 2025 in WA No. 599 of 2020 against State of Kerala, Forest Wildlife Department, The Conservator of Forests, Thrissur and others. The case documents were uploaded on December 19, 2025.

Operational Framework

The court has established a structured framework for the company's rubber tree operations. Shri Vasuprada Plantations will be required to file quarterly statements of accounts with the forest department. Forest officials have been granted permission to oversee the cutting, removal, and replanting activities.

This supervisory mechanism aims to ensure compliance with environmental regulations while allowing the company to proceed with its business operations.

Business Impact and Compliance

The company has indicated that this judgment is expected to have a favorable impact on both its operations and financial position. The removal of the requirement to deposit entire sale proceeds with the forest department represents a significant improvement in cash flow management for the plantation operations.

Regulatory Disclosures

Shri Vasuprada Plantations Limited informed the BSE about this development on December 22, 2025, under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The company provided additional disclosure on December 23, 2025, with comprehensive details as required under the SEBI Master Circular.

The company explained that the order was not uploaded on the official portal until December 19, 2025, and they became aware of it on December 22, 2025, leading to immediate disclosure to the stock exchange. The detailed information regarding this court order is available on the company's website at www.svpl.in for stakeholder reference.

Shri Vasuprada Plantations Limited , a diversified plantation company, has announced its financial results for the quarter and half-year ended September 30, 2025, revealing a mixed performance with increased revenue but a significant net loss. Additionally, the company has successfully completed the postal ballot process for the re-appointment of its Executive Director.

Financial Highlights

The company reported a substantial increase in revenue from operations, which rose to ₹7,079.25 lakhs for the half-year, up from ₹5,766.37 lakhs in the corresponding period last year, marking a 22.80% growth. However, this top-line growth did not translate into profitability, as the company's net loss widened to ₹696.77 lakhs, compared to a loss of ₹529.95 lakhs in the previous year.

Postal Ballot Results - Executive Director Re-appointment

Shareholders have overwhelmingly approved the re-appointment of Mr. Indrajit Roy as Wholetime Director designated as Executive Director through a postal ballot process conducted via remote e-voting. The voting results declared on January 2, 2026, showed strong support from the shareholder community.

The postal ballot was conducted exclusively through remote e-voting, with the company dispatching notices to 2,273 equity shareholders and 10 preference shareholders via email on December 1, 2025. The scrutinizer's report confirmed that the special resolution was passed with the requisite majority.

Segment Performance

Shri Vasuprada Plantations operates across three main segments, with tea being the largest contributor to revenue:

Corporate Actions and Management

The company announced that it was voluntarily delisted from the Calcutta Stock Exchange effective August 14, 2025, while maintaining its listing on the BSE. The re-appointment of Mr. Indrajit Roy, who brings 44 years of experience in the plantation industry, is for a term of three years from November 11, 2025, to November 10, 2028.

Operational Challenges and Outlook

Despite the increase in revenue, the company faced significant operational challenges, as evidenced by the expanded loss. The strong shareholder support for management's re-appointment, combined with improved revenue figures, suggests confidence in the company's strategic direction. Investors will be monitoring how the company addresses its financial performance in the coming quarters while leveraging its revenue growth momentum.