Super Crop Safe Ltd

Financial snapshot

• Net sales rose ~37% QoQ to Rs 1,865.33 lakh.
• Net profit for the quarter: Rs 131.30 lakh.
• Basic EPS: Rs 0.32; Diluted EPS: Rs 0.32.

Audit notes & risk

• Auditor flags material going concern uncertainty due to statutory dues of Rs 2,416.30 lakh.
• Overdue trade receivables and salary payment delays highlighted.

Capital actions

• Preferential allotment of 1,17,44,722 equity shares at Rs 13 per share.
• Equity capital increased by Rs 2.3489 crore; securities premium by Rs 12.9192 crore.
• Listing approvals with BSE pending.

Operations & segment

• Single reportable segment: Agro Chemical.

Key outcomes

• Standalone unaudited financial results for quarter ended June 30, 2026 approved, with limited review report.
• Board approved Directors' Report and draft AGM Notice for the year ended March 31, 2026.
• 39th AGM fixed for September 30, 2026; VC/OAVM mode; deemed venue at registered office.
• Remote e-voting cut-off on September 23, 2026; book closure September 24–30, 2026.

Meeting Details

• Meeting date and time: 14 August 2026 at 1:00 PM.
• Location: registered office of the company.

Key Agenda Items

• Fix date of the ensuing Annual General Meeting.
• Approve Directors' Report for FY ended 31 March 2026 and draft AGM Notice.
• Consider, approve and take on record the Un-Audited Q1 FY2026 results with Limited Review.
• Transaction of any other business with Chair's permission.

Other Notes

• Trading window remains closed until 48 hours after Q1 FY2026 results.

Dematerialisation processing and listing

• Securities received for dematerialisation processed and reported to depositories (accepted/rejected) during the quarter.
• Securities dematerialised have been listed on the stock exchanges where the earlier issued securities are listed.
• Physical certificates for dematerialisation mutilated and cancelled after verification; depository's name substituted as registered owner within prescribed timelines.

Super Crop Safe Ltd: Trading window closed from 01 July 2026 until 2 trading days after the public announcement of the financial results for the quarter ended 30 June 2026.

🗓️ Meeting Details

• Board meeting scheduled for 14 February 2026 at 1:00 p.m. at the registered office.

📊 Key Agenda Items

• Consideration of unaudited financial results for the third quarter ended 31 December 2025.

📍 EGM Resolutions and Approvals

• EGM on January 19, 2026, approved three special resolutions unanimously.
• Resolution 1: Approved related party transaction converting loan into equity shares; promoters not interested.
• Resolution 2: Approved issuance of up to 11,744,731 equity shares on preferential basis to non-promoters via loan conversion.
• Resolution 3: Regularised Mr. Satish I Patel as Executive Director; 7.90% shares of interested party excluded from voting.
• All resolutions passed with over 99.99% votes in favor; no invalid votes reported.

📈 Capital Structure and Shareholding

• Loan conversion into equity shares aimed at strengthening the capital structure.
• No material changes to promoter shareholding or control disclosed.

🧑‍💼 Board and Management

• No changes to remuneration or other management details reported.

Purpose of EGM

• Approve related party loan conversion, preferential equity issuance, and director appointment.

Resolutions Summary

• Special resolution to convert related party loan into equity shares.
• Special resolution to issue up to 11,744,731 equity shares on preferential basis to non-promoters.
• Special resolution to regularise appointment of Mr. Satish I Patel as Executive Director.

Voting Outcome ️

• Voting results pending; to be announced within 48 hours.

Shareholding and Governance Impact

• No changes to shareholding, promoter control, or remuneration disclosed.

Purpose and Resolutions

• Approve conversion of ₹15.27 crore unsecured loans from related parties into equity shares at ₹13/share.
• Preferential allotment of up to 1,17,44,731 equity shares to Wherrelz IT Solutions Limited and Voltrix INC at ₹13/share.
• Regularize appointment of Mr. Satish I Patel as Executive Director with approved remuneration.

Key Terms of Allotment ️

• Shares issued on preferential basis subject to SEBI ICDR lock-in regulations.
• Equity shares to rank pari-passu with existing shares.
• Valuation report obtained confirming issue price of ₹13/share.
• No change in control; promoter holding stable post-issue.

Impact on Shareholding and Control

• Non-promoter shareholding increases due to preferential allotment.
• No promoter open offer obligation triggered by the allotment.

Utilisation of Funds

• Converted loans were used to repay secured loans, meet working capital needs, and pay statutory liabilities.

Board and Management Changes

• Appointment of Mr. Satish I Patel as Executive Director regularized with Nomination and Remuneration Committee-approved terms.