Stanbik Agro Ltd

AGM notice and e-voting details

• 5th AGM scheduled for Sept 15, 2026 at 3:00 PM IST via VC/OAVM.
• Annual Report for FY 2025-26 available on stanbikagro.com; notice also on BSE and Purva.
• Email-not-registered shareholders will receive AGM notice and report by web link.
• e-Voting opens Sept 12, 2026 at 9:00 AM and closes Sept 14, 2026 at 5:00 PM IST.
• e-voting cut-off date is Sept 8, 2026; demat holders should update email with DP.

AGM and voting timeline

• AGM scheduled for Sept 15, 2026 via VC/OAVM per Companies Act and SEBI LODR.
• E-voting available Sept 12–14, 2026 from 09:00 to 17:00 IST.
• Cut-off date for voting is Sept 8, 2026.

Book closure details

• Closure applies to the Register of Members and share transfer books.
• Closure period: 9 September 2026 to 15 September 2026 (inclusive).
• Record date: 8 September 2026 for determining shareholder eligibility.
• AGM date: 15 September 2026 at 3:00 PM via audio-visual means.
• Purpose: to take record of shareholders for the AGM.

Financial highlights

• Revenue from operations: Rs 8589.51 lakh in FY2025-26.
• PAT: Rs 436.25 lakh; net margin 5.08%.
• EPS (basic and diluted): Rs 15.93.
• IPO completed Dec 2025; 4,094,000 shares issued at Rs 30.
• Post-IPO paid-up capital: Rs 1332.48 lakh.
• No dividend proposed for FY2025-26.
• Current ratio 40.65x; liquidity boosted by IPO proceeds.
• Debt-equity ratio 0.00; no long-term borrowings.

Capital structure & equity

• IPO listed on BSE SME from 19-Dec-2025.
• Total issued, subscribed and paid-up capital: 13,324,847 shares.
• Promoter holdings: Ashok Prajapati 2,860,020 (21.46%), Chirag Prajapati 6,270,827 (47.06%).
• Authorised share capital: Rs 15,00,00,000; paid-up capital after IPO: Rs 13,32,48,470.

Governance & board changes

• Anil Kumar Vijayvargia appointed Independent Director from 22-05-2026 for five years.
• Arzoo Rabari resigned as Independent Director on 30-01-2026.
• CS: Pooja Patel resigned; Arpita Jain appointed 26-05-2026.
• Monika Chechani & Associates appointed Secretarial Auditor for five years.

Audits & compliance flags

• Statutory Auditor: M/s S. K. Bhavsar & Co; unmodified opinion.
• Secretarial Audit flagged delays in data entry and website updates.
• No material related-party transactions disclosed.
• Company complied with applicable secretarial standards; controls adequate.

Operations, risk & outlook

• Single business segment: trading/production of agricultural commodities.
• Opportunities: domestic demand growth, retail expansion, better procurement.
• Risks: commodity price fluctuations, weather, regulatory changes, competition.
• Outlook: steady growth via customer network expansion and efficiency.

IPO proceeds & use of funds

• IPO net proceeds: Rs 1228.20 lakh.
• Utilised Rs 463 lakh; unutilised Rs 765 lakh as of 31-03-2026.
• Unutilised funds parked in bank accounts.

CSR & governance exemptions

• CSR not applicable per threshold exemptions for SME-listed entities.

Management discussion & control environment

• MD&A covers energy, technology, and risk management; internal controls robust.
• Internal financial controls deemed adequate and operating effectively.

AGM Details

• AGM date/time: 15 September 2026, 03:00 PM IST, via VC/OAVM.
• Mode: VC/OAVM; deemed venue: registered office.
• Record/Book closure: 9 September 2026 to 15 September 2026 (inclusive).
• Cut-off for e-voting: 8 September 2026.
• Remote e-voting window: 12–14 September 2026.

Key Resolutions

• Item 1: Adoption of financial statements for year ended 31 March 2026.
• Item 2: Reappointment of Ashokbhai Dhanajibhai Prajapati as Director, retiring by rotation.
• Item 3: Appointment of Monika Chechani & Associates as Secretarial Auditor for five years.
• Item 4: Special resolution to appoint Anil Kumar Vijayvargia as Independent Director for five years.

Appointments / Changes

• Ashokbhai Prajapati to be reappointed as Director; retires by rotation.
• Anil Kumar Vijayvargia appointed Independent Director for five-year term from 22 May 2026.

Auditors

• Secretarial Auditor: Monika Chechani & Associates appointed for five years.

Governance & Scrutiny

• Scrutinizer appointed: Monika Gaurav Gupta to oversee remote/e-voting.

AGM Details

• AGM scheduled for 15 September 2026 at 3:00 PM via VC/OAVM.
• Cut-off date for eligibility to attend and vote: 8 September 2026.
• Register of Members and share transfer books closed 9-15 September 2026.
• Scrutinizer appointed: Monika Gaurav Gupta, Practising Company Secretary.
• Purva Sharegistry appointed as AGM e-voting service provider.
• Notice calling the 5th AGM approved by the Board.

Proposed Appointments & Governance

• Proposed Independent Director: Anil Kumar Vijayvargiya; appointed May 22, 2026; subject to shareholder approval.
• Secretarial Auditor: Monika Chechani & Associates; five-year term.

Key Decisions

• Director Report approved for the FY ended 31 March 2026.
• 5th AGM scheduled for 15 September 2026 at 3:00 PM via VC/OAVM.
• Monika Gaurav Gupta appointed Scrutinizer for the AGM.
• AGM eligibility cut-off date fixed at 8 September 2026.
• Register and Share Transfer Book closed 9 to 15 September 2026.
• Purva Sharegistry (India) Pvt. Ltd. appointed as AGM service provider and remote e-voting facilitator.
• Anil Kumar Vijayvargiya appointed as Additional Non-Executive Independent Director, effective May 22, 2026.
• Board recommends regularization of Anil Kumar Vijayvargiya as Independent Director, subject to shareholder approval.
• Monika Chechani & Associates appointed Secretarial Auditors for five years, subject to member approval.
• Disclosures: no pecuniary relationship; shareholding nil; not debarred or disqualified.

Issue Overview

• Fresh issue of Equity Shares; final size revised due to rounding.
• Objects include working capital, retail expansion, deposits, brokerage, GCP, and issue expenses.
• Net proceeds were not fully utilised as of 30 June 2026 per monitoring agency.

Utilisation of Proceeds

• Working capital: utilised 5.43; unutilised 0.96; delay due to partial FY25-26 utilisation.
• Expansion: utilised 0.01; unutilised 3.57; expansion delayed.
• Security deposits: utilised 0.04; unutilised 0.33; agreements with outlets pending.
• Brokerage charges: utilised 0.00; unutilised 0.19.
• General corporate purpose: utilised 0.06; unutilised 1.14.
• Issue expenses: utilised 0.55; unutilised 0.00.
• Unutilised funds parked in IPO and Monitoring accounts.
• Note indicates 100% utilisation not achieved as of 30 June 2026.

Governance and Compliance

• All statutory approvals for the objects obtained.
• No material deviations from disclosed objects.
• Delays in implementation; reasons include pending outlet agreements.
• Unutilised funds held in IPO and monitoring accounts.
• No material adverse events or risks reported.

General Corporate Purpose (GCP)

• GCP utilisation: 0.06 crore; unutilised: 1.14 crore.