Nova Agritech Ltd

AGM Details

• AGM conducted 26 September 2026; voting via remote e-voting and at AGM; record date 19 September 2026.

Key Resolutions and Voting Outcomes

• Adoption of audited financial statements for year ended 31 March 2026; ordinary; 99.99% in favour.
• Appointment of Rajesh Cherukuri as director by rotation; ordinary; 99.99% in favour.
• Re-appointment of Malathi Siripurapu as Whole-Time Director for 3 years; special; 99.99% in favour.
• Re-appointment of Rajesh Cherukuri as Whole-Time Director for 3 years; special; 99.99% in favour.
• Re-appointment of Ramesh Babu Nemani as Non-Executive Independent Director for 5 years; special; 99.99% in favour.
• Ratification of remuneration of Cost Auditors; ordinary; 99.99% in favour.
• Approval of material related party transactions for 2026-27; ordinary; 99.98% in favour.
• Approval of material related party transactions of material subsidiary(ies) for 2026-27; ordinary; 99.98% in favour.

Director Changes

• Rajesh Cherukuri re-appointed as Whole-Time Director for 3 years.
• Malathi Siripurapu re-appointed as Whole-Time Director for 3 years.
• Ramesh Babu Nemani re-appointed as Non-Executive Independent Director for 5 years.

Auditors

• Remuneration of Cost Auditors ratified; no other auditor changes disclosed.

Material Related Party Transactions

• Year 2026-27 material related party transactions approved.
• Material subsidiary(ies) related party transactions approved for 2026-27.

Malathi Siripurapu – Re-appointment as Whole-Time Director

• Re-appointed Whole-Time Director for 3 years (17 Mar 2027–16 Mar 2030).
• Shareholder approval obtained at the 19th AGM (voting results dated 28 Sep 2026).
• Not debarred from holding director office by SEBI or any authority.
• Promoter; B.Com/M.Com from Kakatiya University; ~10 years in agriculture finance.
• No related-party interests among other Directors or KMPs.

Rajesh Cherukuri – Re-appointment as Whole-Time Director

• Re-appointed Whole-Time Director for 3 years (02 Apr 2027–01 Apr 2030).
• Shareholder approval obtained at the 19th AGM (voting results dated 28 Sep 2026).
• Not debarred from holding director office by SEBI or any authority.
• 39-year-old; WTD; Mechatronics diploma; former robotics and management roles.
• No related-party interests among other Directors or KMPs.

Ramesh Babu Nemani – Re-appointment as Independent Director

• Re-appointed Non-Executive Independent Director for 5 years (23 Mar 2027–22 Mar 2032).
• Shareholder approval obtained at the 19th AGM (voting results dated 28 Sep 2026).
• Not debarred from holding director office by SEBI or any authority.
• Bachelor/Master of Commerce; MBA; MPhil in Commerce; PG Diploma in English.
• No related-party interests among other Directors or KMPs.

Re-appointment of Director

• Re-appointment as Whole-Time Director for a three-year term.
• Appointee: Mrs. Malathi Siripurapu (DIN: 03033944), Whole-Time Director.
• Term from 17 March 2027 to 16 March 2030.
• Approved by members with requisite majority at the 19th AGM on 28 September 2026.
• Not debarred from holding office by SEBI or other authorities.
• Promoter; age 47; Bachelors and Masters in Commerce from Kakatiya University.
• About a decade of experience in managing financial activities and operations in agriculture.
• No related-party interests with other directors or KMP.

Director Re-appointment

• Type of change: Re-appointment of a Whole-Time Director.
• Name and designation: Rajesh Cherukuri, Whole-Time Director.
• Effective date and term: 02 Apr 2027 to 01 Apr 2030 (3 years).
• Reason for change: Re-appointment for a 3-year term.
• Profile: Rajesh Cherukuri, 39, WTD; ex-robotics engineer with Tata Power and Aptar.
• Relationships: Only appointee and his relatives are connected; others none.
• SEBI compliance: Not debarred from holding office by SEBI or any authority.
• Shareholder approval: Approved by members at the 19th AGM with requisite majority.
• AGM voting date: 28 September 2026.

Re-appointment of Independent Director

• Re-appointment as Non-Executive Independent Director for a second 5-year term.
• Effective from 23 March 2027 to 22 March 2032.
• Approved by shareholders at the 19th AGM following voting results dated 28 September 2026.
• Profile: B.Com; M.Com; M.Phil; MBA; PG Diploma in Functional English.
• Education: Andhra University and Sri Venkateswara University.
• Disclosure: Not related to any Director, KMP or Promoter.
• Not debarred from holding the office of Director per SEBI/BSE/NSE confirmations.
• Impact on board/committee composition: none reported.

AGM Details

• Date, time, and mode: 26 September 2026, 10:30 AM via VC/OAVM.

Resolutions

• Item 1 (Ordinary): Adoption of standalone and consolidated financial statements; status not disclosed.
• Item 2 (Ordinary): Re-appointment of Rajesh Cherukuri after rotation; status not disclosed.
• Item 3 (Special): Re-appointment of Malathi Siripurapu as Whole-Time Director for 3 years; status not disclosed.
• Item 4 (Special): Re-appointment of Rajesh Cherukuri as Whole-Time Director for 3 years; status not disclosed.
• Item 5 (Special): Re-appointment of Ramesh Babu Nemani as Independent Director for 5 years; status not disclosed.
• Item 6 (Special): Ratification of remuneration of Cost Auditors; status not disclosed.
• Item 7 (Special): Approval of material related party transactions for 2026-27; status not disclosed.
• Item 8 (Special): Approval of material related party transactions of subsidiaries for 2026-27; status not disclosed.

Dividend

• Dividend: No dividend proposed or approved.

Nova Agritech Ltd trading window closed from 1 October, 2026 till 48 hours after the declaration of unaudited financial results for the quarter and half year ended 30th September, 2026

Overview

• Target: Nova Agritech Limited; Disclosing Party: Atukuri Soujanya (Promoter Group).

Transaction Type & Mode

• Acquisition of 5,000 shares in open market across three trades.
• Mode: Open Market.

Pre-Transaction Holding

• Before acquisition: 25,000 voting shares (0.03%).

Transaction Details

• Dates: 07/09/2026, 10/09/2026, 11/09/2026; acquired 5,000 shares.
• Prices per share: 23.05, 23.00, 22.30.

Post-Transaction Holding

• Post-holding: 30,000 voting shares (0.033%); total diluted: 30,000.

Share Capital Context

• Before: 25,000; After: 30,000 equity shares; Diluted: 30,000.

FY26 snapshot

• Consolidated total income: ₹26,176.30 lakh; down 11.75% YoY.
• Consolidated PAT: ₹1,283.84 lakh; standalone PAT: ₹393.92 lakh.
• Standalone revenue from operations: ₹7,801.50 lakh; Standalone EBITDA: ₹994.55 lakh.
• Consolidated EBITDA: ₹2,749.29 lakh; Consolidated EPS: ₹1.43.
• Net debt to equity ratio: 0.24; consolidated current ratio: 2.65.
• IPO funds deployed for NASPL expansion and working capital; no deviation.

Financial performance

• Standalone total income: ₹8,241.09 lakh; Standalone PAT: ₹393.92 lakh.
• Standalone revenue from operations: ₹7,801.50 lakh; YoY decline in standalone revenue.
• Consolidated revenue from operations: ₹26,159.42 lakh; YoY decline.
• Consolidated EBITDA: ₹2,749.29 lakh; Net margin comments not shown here.
• Consolidated EPS (Basic): ₹1.43; Standalone EPS: ₹0.44.

Expansion & product portfolio

• New NASPL formulation plant commissioned June 2025; NASPL capacity to 13,269 MT.
• NATL capacity increased to 14,592 MT; NASPL+NATL expansion supports higher volumes.
• Product launches across biofertilisers, nutrients, pesticides; 900+ domestic registrations; 50+ international registrations.
• Biostimulants, soil health, IPM, and plant growth regulators form core portfolio.
• IPO proceeds used for NASPL expansion and working capital per IPO prospectus.

Market reach & partnerships

• 5,000+ active dealer outlets; presence in 17 states.
• NKSK program engaged 81,343 farmers as of 31-03-2026.
• Digital farmer-outreach programs complement on-ground engagements.

Governance & leadership

• Kiran Kumar Adapa ceased Independent Director on 12 Feb 2026.
• CEO Srinivasa Rao Mandalapu and CFO Kamoji Srinivas Gunupudi resigned in 2025.
• Lakshmi Satish Tata appointed CFO w.e.f 13 Nov 2025.
• Board to seek approvals for re-appointments at 19th AGM.

CSR & ESG

• CSR spend ₹38,17,481; 2% average net profit ₹36,51,113.
• Projects include eye screening, medical camps, street lights, women health education.

Capital structure & dividends

• Dividend not declared for FY25-26.
• Equity share capital ₹18.50 crore; 9.25 crore shares of ₹2 each; 25,00,000 shares held by Employees’ Welfare Trust.
• Promoter holding 59.41%; public 37.89%; employee trust 2.70%.
• IPO listing on BSE/NSE on 31 Jan 2024; funds utilized as per IPO.

Audits & risk

• Statutory audit: NSVR & Associates; Secretarial: P.S. Rao & Associates; no material qualifications.
• Risk management framework in place; independent risk committee functioning.