Nova Agritech Approves Financial Results for March Quarter; Re-appoints Auditors
Nova Agritech Limited announced the outcome of its Board of Directors meeting held on May 30, 2026. The Board considered and approved the audited Standalone and Consolidated financial results for the quarter and year ended March 31, 2026. Key corporate governance decisions included the re-appointment of its internal and cost auditors for the financial year 2026-27.The company provided financial statements detailing its performance across the quarter and the full year ended March 31, 2026.
Financial Performance Snapshot
The company's financial results show key figures for the year ended March 31, 2026, across both standalone and consolidated reporting.Standalone Financial Highlights (All amounts in Indian rupees lakhs)
| Metric | Year ended March 31, 2026 | Year ended March 31, 2025 |
|---|---|---|
| Revenue from operations | 7,801.50 | 16,585.58 |
| Total Income | 8,241.09 | 17,018.70 |
| Total Assets | 22,933.54 | 26,486.5 |
| Total Reserves | 16,093.49 | 15,691.5 |
| Total Comprehensive Income | 402.03 | 1,646.80 |
| Basic Earnings per share | 0.59 | 1.84 |
Consolidated Financial Highlights (All amounts in Indian rupees lakhs)
| Metric | Year ended March 31, 2026 | Year ended March 31, 2025 |
|---|---|---|
| Revenue from operations | 26,159.42 | 29,413.16 |
| Total Income | 26,176.30 | 29,659.89 |
| Total Assets | 28,737.68 | 29,357.3 |
| Total Reserves | 21,410.17 | 20,127.8 |
| Total Comprehensive Income | 1,282.32 | 2,737.76 |
| Basic Earnings per share | 1.43 | 3.05 |
Operational Update
In its reporting notes, Nova Agritech Limited addressed a significant dip in revenues. The company noted that its revenue declined by half during the year. This dip was attributed to a temporary suspension of manufacturing and marketing operations for its registered biostimulant products, which was caused by a delay in the renewal of the Fertiliser Marketing Authorization License.The company confirmed that the license has since been renewed (lapsed on 16/06/2025, renewed on 20/01/2026), and operations have fully resumed. Nova Agritech maintained that the decline was temporary and not indicative of any structural weakness in the business.
Corporate Governance and Audits
The Board of Directors also approved the re-appointment of key auditing personnel for the Financial Year 2026-27:- Internal Auditors: V P S & Associates, Chartered Accountants, (Firm Registration No. 009280S) were re-appointed as Internal Auditors.
- Cost Auditors: M P R & ASSOCIATES, Cost Accountants (Firm Registration No. 000413) were re-appointed as Cost Auditors.
The company also confirmed that its primary business segment remains the manufacture, marketing, and distribution of soil health management, crop nutrition, and crop protection products.
The audited financial results and associated statements, including the Balance Sheet and Cash Flow Statement for both standalone and consolidated figures, are available for review.
NOVAAGRI Stock Price Movement
Nova Agritech Limited shares slipped by 1.16% on Friday, settling at ₹28.11. The equity concluded the session with a total volume of 71,339 shares traded.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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