Dhanuka Agritech Approves Rs 70 Crore Buyback, New Employee Stock Plans, and Expansion into Europe and Brazil

Dhanuka Agritech Approves Rs 70 Crore Buyback, New Employee Stock Plans, and Expansion into Europe and Brazil​

Dhanuka Agritech Limited announced the key outcomes of its Board of Directors meeting held on May 19, 2026. The Board considered and approved the company's audited financial results for the quarter and the financial year ended March 31, 2026, alongside several major corporate proposals, including a substantial buyback of equity shares and plans for international expansion.

The company also approved the adoption of new incentive schemes, including the Dhanuka Employee Stock Option Plan 2026 and the Dhanuka Stock Appreciation Rights Plan (SARs), 2026.

Financial Results and Audit Opinion​

The Board considered and approved the Audited Financial Results for the Quarter and Financial Year ended March 31, 2026. Statutory Auditors, S S Kothari Mehta & Co. LLP, issued an unmodified audit opinion on the financial results for the full financial year ended March 31, 2026.

For the Financial Year 2025-26, the company reported a profit for the period of 28,723.49 million (₹ Crore) and a total comprehensive income of 29,837.06 million (₹ Crore). The company’s paid-up equity share capital remained at 901.57 million (₹ Crore).

A comparison of key financial metrics for the year ended March 31, 2026, versus the previous year, is provided below:

Major Corporate Actions Approved​

1. Buyback of Equity Shares
The Board approved a proposal to buy back its own fully paid up Equity Shares from equity shareholders. The plan outlines the purchase of up to 5,00,000 fully paid up Equity Shares, representing 1.11% of the total paid up equity capital. The buyback offer price has been set at Rs 1,400/- per equity share, with an aggregate offer size not exceeding Rs. 70 Crore. The Buyback is scheduled to proceed through a Tender Offer route. The Record Date for determining eligible shareholders was fixed as Friday, May 29, 2026.

2. Employee Incentive Schemes
The Board also approved the introduction and adoption of two new employee incentive plans:

• Dhanuka Employee Stock Option Plan (ESOP) 2026: An aggregate number of up to 50,000 Equity Shares, corresponding to 0.11% of the Equity Share Capital, are proposed under this scheme. The plan is subject to the members’ approval at the ensuing 41st Annual General Meeting (AGM).
• Dhanuka Stock Appreciation Rights Plan (SARs), 2026: The adoption of SARs is proposed, with an aggregate number of up to 1,25,000 SARs, corresponding to 0.28% of the Equity Share Capital. This plan is also subject to the members’ approval at the ensuing 41st AGM.

3. Dividend Recommendation
The Board recommended a final dividend of 100%, equating to Rs. 2/- per Equity Share, for the Financial Year 2025-26. This dividend is subject to the approval of the shareholders at the upcoming AGM.

Strategic Growth and Investments​

The Board approved plans to expand the company's footprint outside India by setting up Wholly Owned Subsidiaries (WOS) or acquiring shares in foreign entities located in European countries and Brazil. This international expansion aims to support the company's growth by facilitating the transfer of ownership of brands acquired from Bayer and registering various other products under the company's name. The initial investment limit for each entity is set at Rs. 1 Crore, which can be increased based on business requirements and Board approval.

Governance and Operational Updates​

• AGM Details: The 41st Annual General Meeting (AGM) of the company is scheduled to be held on Monday, August 3, 2026, at 11:00 AM via Video Conferencing or Other Audio Visual Means.
• Personnel Change: The Board noted the retirement of Mr. K.B. Kejariwal, Senior Management Personnel, upon reaching superannuation, effective March 31, 2026.
• Auditor Appointment: M/s. N Khandelwal & Co. was re-appointed as the Cost Auditors of the Company for the Financial Year 2026-27.

Financial Performance Snapshot​

The Board also took note of the recommended final dividend and fixed the following dates for the Annual General Meeting:

• Record Date for Dividend: Friday, July 17, 2026.
• Cut-off Date for Voting: Monday, July 27, 2026.

---
For detailed financial data, please refer to the appended tables.

DHANUKA Stock Price Movement​

Today, Dhanuka Agritech Limited shares edged higher to close at ₹1181.6, gaining 8.48% for the session. The stock traded on a volume of 3.47 million shares, carving out a strong day-high of ₹1248.