Shri Vasuprada Plantations Ltd

Shri Vasuprada Plantations Ltd - Trading Window Closure

Interest payment details

• ISIN: INE574G07010; Issue size Rs 23,00,00,000.
• Interest due on due date: Rs 1,04,35,069.
• Payment frequency: Half-yearly.
• Interest payment record date: 05/09/2026.
• Due date for interest: 21/09/2026.
• Actual date of interest payment: 21/09/2026.
• Interest paid (net of TDS): Rs 93,91,560.
• Date of last interest payment: P/03/2026.
• Payment made on due date; no delay.

AGM details

• Date: 31 August 2026; mode: VC/OAVM.
• Record date: 2,907 shareholders.
• Total attendees present: 163 via virtual meeting.
• Remote e-voting period: 23–30 August 2026.

Resolutions put to vote

• Item 1: Ordinary resolution to approve auditors and their report.
• Item 2: Ordinary resolution to adopt standalone financial statements and auditors’ report.
• Item 3: Ordinary resolution for re-appointment of director retiring by rotation.
• Item 4: Ordinary resolution to ratify remuneration of Cost Auditors for FY ending 31 March 2027.

Voting results

• Item 1: Passed; overwhelming approval with minimal dissent.
• Item 2: Passed; near-unanimous support.
• Item 3: Passed; near-unanimous support.
• Item 4: Passed; near-unanimous support.

Director changes

• Director Hemont Bonsur retires by rotation; re-appointment approved.

Auditors & costs

• Cost Auditors remuneration approved for the financial year.

AGM outcomes

• 152nd AGM held on 31 August 2026 via VC/OAVM.
• Adoption of standalone financial statements for FY ended 31 March 2026 approved.
• Adoption of consolidated financial statements for FY ended 31 March 2026 approved.
• Re-appointment of Hemant Bangur as director (retiring by rotation) approved.
• Ratification of Cost Auditors' remuneration approved.
• Accounts and notices taken as read; auditors' reports had no qualifications.
• Voting results to be intimated after Scrutinizer's report.

Financial performance

• Standalone revenue from operations rose to ₹13,385.40 lakhs; total income ₹13,620.28 lakhs.
• Standalone net profit after tax: ₹-699.03 lakhs; EPS ₹-8.44.
• Consolidated revenue from operations ₹14,361.93 lakhs; total income ₹14,546.03 lakhs.
• Consolidated net profit after tax ₹-711.85 lakhs; consolidated EPS ₹-8.59.
• Dividend: no dividend proposed for FY2025-26; unpaid preference dividends noted.
• Delisting: company delisted from Calcutta Stock Exchange with effect from 14 Aug 2025.

Operational performance

• Tea production: 37,02,867 kg; Coffee: 3,81,278 kg; Rubber: 17,91,612 kg.
• Average prices realized: Assam tea ₹255/kg; South Indian tea ₹145/kg; Coffee ₹511/kg; Rubber ₹204/kg.
• Consolidated segment revenue: Tea ₹8,496.05 lakh; Coffee ₹1,976.35 lakh; Rubber ₹3,754.10 lakh; Others ₹135.43 lakh.
• Tea segment profit/loss: Tea (loss) ₹1,061.00 lakh; Coffee ₹922.30 lakh; Rubber ₹45.43; Others ₹15.41; Total (loss) ₹77.86.

Dividends & capital allocation

• Dividend: no dividend declared for FY2025-26; CSR not applicable due to losses.
• In FY2025-26, unclaimed dividend ₹53.895 lakh and 29,437 shares transferred to IEPF.
• The company has transferred unclaimed dividends and shares to IEPF in line with IEPF rules.
• The company continues to review capital allocation in light of losses and working-capital constraints.

Capital structure & liquidity

• Consolidated borrowings: long-term ₹3,069.76 lakh; current ₹2,908.87 lakh.
• Net debt to equity ratio (Consolidated) 0.50; Standalone 0.47.
• Current ratio 0.69; Debt-Equity 0.47; Debt service coverage 0.82.
• CFO (Standalone) ₹952.79 lakh; CFO (Consolidated) ₹1,084.05 lakh.
• Cash flow from investing activities negative; financing activities net cash outflow in FY2025-26.

Governance & audit

• Board comprises six directors; two women; three independent; Hemant Bangur as chair.
• Auditors: Singhi & Co (Statutory); MR-3 Secretarial for the year; no qualifications in audit reports.
• Company delisted from Calcutta Stock Exchange in 2025; AGM via VC/OAVM.

Subsidiaries & associate

• Keshava Plantations Pvt. Ltd. is a material subsidiary; KPPL reported net loss ₹12.82 lakh for FY2025-26; turnover ₹1,349.22 lakh.
• The Cochin Malabar Estates And Industries Ltd. is an associate (24.68%); equity method applied; associate networth negative but recoverable value higher.

Outlook & risks

• Management notes cautious outlook for FY2026-27; global commodity volatility and macro uncertainties may affect margins.
• MD&A highlights India growth momentum with RBI projections; ongoing supply-chain and productivity improvements to mitigate risks.