On May 2, 2025, Nagarjuna Agri-Tech Ltd. held a crucial board meeting to discuss and approve the audited standalone financial results for the fiscal year 2024-25, along with the Independent Auditor’s Report. This meeting covered key developments in the company’s financial health, with a particular focus on its performance for the quarter and year ended March 31, 2025.

The Board, led by the Managing Director Rachna Suman Shaw, evaluated the company’s financial standing, discussing its profitability, losses, and the implications of its recent land sales. These sales have raised concerns about the company’s ability to continue as a going concern, as noted in the auditor's emphasis of matter section. However, despite these concerns, the independent auditor's opinion remains unmodified, ensuring that the financial results were presented fairly and in accordance with the prescribed Indian Accounting Standards.

The auditor’s report emphasized a material uncertainty related to the company's future operations. Specifically, the company’s sale of a significant portion of its land indicates risks that could cast doubt on its continued ability to function as a going concern. The auditor concluded that although there is an uncertainty, their opinion on the financial results remains unchanged, suggesting that the overall financials still comply with all applicable standards and regulations.

The audited financial results, as approved, include key financial metrics that reflect the company’s earnings, losses, and comprehensive income for the fiscal year. The report also includes disclosures required by SEBI's Listing Obligations and Disclosure Requirements, ensuring that investors and stakeholders have a transparent view of the company’s financial health.

The meeting commenced at 3:00 PM and concluded at 4:30 PM, where all matters regarding the financial performance and outlook of the company were thoroughly discussed. In addition, the company has assured its stakeholders that appropriate actions are being taken to address concerns over the potential uncertainty in its going concern status.

Moving forward, Nagarjuna Agri-Tech Ltd. will continue to monitor its financial situation closely and will take steps to mitigate any risks that could threaten its operations. Despite challenges, the company remains committed to maintaining transparency in its financial reporting and providing regular updates on any significant developments.

This disclosure is part of the company's ongoing effort to comply with regulatory requirements and keep its investors informed about its financial performance. Stakeholders are encouraged to review the complete financial results and auditor’s report to understand the nuances of the company's current position and future plans.

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