City Crops Agro Ltd

City Crops Agro Ltd - Closure of Trading Window

Book closure details

• Equity shares; book closure from 23 September 2026 to 30 September 2026 inclusive
• Purpose: Annual General Meeting
• Cut-off date: 4 September 2026; determines notice and e-voting eligibility
• Event: AGM date not disclosed
• Security: Equity shares; Scrip 544000

Financial snapshot

• Revenue from operations: Rs 1,953.95 lakhs in FY2025-26.
• Total income: Rs 1,953.95 lakhs; prior year Rs 5,591.71.
• Profit before tax: (393.18) lakhs; prior year 257.76.
• Net profit after tax: (393.16) lakhs; prior year 247.69.
• EPS Basic/Diluted: (2.41) Rs.
• Exceptional item: Rs 1,643.05 lakhs.
• Total expenses: Rs 704.08 lakhs.
• No dividend recommended for FY2025-26.

Capital structure & liquidity

• Authorized share capital: Rs 2,500.00 lakhs.
• Paid-up share capital: Rs 1,631.68 lakhs.
• Long-term borrowings: Rs 2.52 lakhs.
• Trade payables (to others): Rs 658.79 lakhs.
• Other current liabilities: Rs 45.40 lakhs.
• Cash and cash equivalents: Rs 6.18 lakhs.

Audit flags & compliance

• Income tax liabilities for FY22-23 to FY24-25 not remitted; no interest provision.
• GST registration inactive; GST returns not filed; RCM not recognised.
• IPO proceeds; Rs 300.25 lakhs advanced for land development; documentation pending.
• Internal audit system not in place; no formal internal audit.
• Regulation 6(1) LODR non-compliance; later appointment of qualified Company Secretary.
• Opening stock-in-trade written off to Nil due to perishability.

Board changes & governance

• Priyanka K. Gola resigned as Independent Director on 7 Jul 2025.
• Ishi Sadana appointed Additional Independent Director on 4 Feb 2026; regularised.
• Pooja Manish Pandey appointed Additional Independent Director on 13 Apr 2026; regularised.
• Board met 6 times during the year.

Related party disclosures

• Director loans: Kaupilkumar Shah 1.77; Shitalben Shah 0.75 lakhs.
• Remuneration: Kaupilkumar Shah 0.35; Priyanka Joshi 1.00; Priyanka K Gola 0.30; Bhavna Shah 1.00.
• Sitting fees and other related party balances disclosed; some balances outstanding.

Operational performance & stock status

• Single segment: trading in agriculture products.
• Opening stock-in-trade written off; destroyed due to perishability; Nil value.
• Management aims for growth despite revenue decline.

Outlook & risks

• Outlook cautious; growth depends on agri-market conditions.
• Risks include tax/GST compliance and inventory perishability.

AGM Scheduling

• Approved the Notice of AGM and Director's Report for 13th AGM on 30 September 2026.
• AGM to be held on 30 September 2026 at 03:00 PM IST via VC/OAVM.

Dematerialisation status

• No physical share certificates were received for dematerialisation during the quarter ended 30 June 2026.

Meeting Details

• Board meeting scheduled for 27 May 2026 at 4:00 P.M.
• Location: Registered Office, 307, Haash Business Centre, Fatehnagar, Paldi, Ahmedabad 380007.

Key Agenda Items

• Consider audited financial results for half year and year ended 31 March 2026.
• Review the Auditor’s Report with the audited financial results.

Other Notes

• No additional material governance or financial items were disclosed.

Resignation of Independent Director

• Bhavna Basantbhai Shah resigned as Independent Director effective 31st April 2026
• Resignation reason stated as pre-occupancy with other work
• No other material reasons for resignation disclosed
• Vacated position of Independent Director on the board
• No mention of regulatory or shareholder approval required for resignation

Appointment of Independent Director

• Ms. Pooja Manish Pandey appointed Additional Non-Executive Independent Director effective 13 April 2026
• Ms. Pandey holds a B.Com, LL.B., and is a qualified Company Secretary
• She has over 10 years of experience in corporate laws, governance, and compliance
• Ms. Pandey is not related to any existing director of the company

Resignation of Independent Director

• Bhavna Basantbhai Shah resigned as Independent Director effective 31 April 2026
• Resignation due to preoccupation with other work