Nova Agritech logo

Nova Agritech MD, chairman, board of directors and AGM

NSE: NOVAAGRIBSE: 544100Fertilizers & AgrochemicalsSmall Cap

Last close ₹21.50up ₹0.50 (2.38%)BSE ₹20.37

Share price at the NSE close on 23 Oct 2026. Previous close ₹21.00.

52-week range of traded prices to 23 Oct 2026
₹18.12Low, 30 Mar 2026₹51.99High, 13 Nov 2025
Market cap
₹199 Cr2,193rd largest listed
P/E
15.5
P/B
0.9
Dividend yield
Nonein the last 12 months
ROE
5.7%
ROCE
7.9%
Debt to equity
0.22
Volume, NSE
59,14073.5% delivered

Nova Agritech board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonAdabala Seshagiri Rao
  • Managing directorKiran Kumar Atukuri

6 directors3 independent3 executive

  • Adabala Seshagiri Rao · ChairpersonIndependent · joined Oct 2022 · 44 months as independent · 4 listed boards · 4 as independent · 6 committee seats, 2 as chair
  • Ramesh Babu NemaniIndependent · joined Mar 2022 · 51 months as independent · 4 listed boards · 4 as independent · 8 committee seats, 5 as chair
  • Kandula SwapnaIndependent · joined Mar 2020 · reappointed Mar 2025 · 72 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
  • Malathi SExecutive · joined Mar 2021 · reappointed Mar 2024 · 63 months as independent · 1 listed board
  • Kiran Kumar Atukuri · Managing directorExecutive · joined Jul 2018 · reappointed Nov 2024 · 95 months as independent · 1 listed board
  • Rajesh CherukuriExecutive · joined Apr 2024 · 26 months as independent · 1 listed board

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

1 director who left
  • Adapa Kiran Kumar, left 12 Jan 2026: Others

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 30 May 20266 of 6 present3 independent · 106 days in between
    • 12 Feb 20266 of 6 present3 independent

  • Audit Committee

    Chair Ramesh Babu Nemani

    Adabala Seshagiri Rao, Kandula Swapna

    • 30 May 20263 of 3 present3 independent · 106 days in between
    • 12 Feb 20263 of 3 present3 independent

  • Nomination and remuneration committee

    Chair Ramesh Babu Nemani

    Kandula Swapna, Adabala Seshagiri Rao

    • 30 May 20263 of 3 present3 independent · 197 days in between
    • 13 Nov 20253 of 3 present3 independent

  • Stakeholders Relationship Committee

    Chair Kandula Swapna

    Ramesh Babu Nemani, Adabala Seshagiri Rao

    • 30 May 20263 of 3 present3 independent · 106 days in between
    • 12 Feb 20263 of 3 present3 independent

  • Risk Management Committee

    Chair Kiran Kumar Atukuri

    Adabala Seshagiri Rao, Ramesh Babu Nemani, Dhana Raj Boina

    • 30 May 20263 of 4 present2 independent · 197 days in between
    • 13 Nov 20253 of 4 present2 independent

  • Corporate Social Responsibility Committee

    Chair Kiran Kumar Atukuri

    Adabala Seshagiri Rao, Ramesh Babu Nemani

    • 30 May 20263 of 3 present2 independent · 293 days in between
    • 9 Aug 20253 of 3 present2 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • NSVR and Associates LLPPeer-review certificate valid to Jun 2026

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Nova Agritech AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Nova Agritech share news and announcements

Annual general meeting, 26 Sep 2026

73,632 shareholders on the register on 19 Sep 2026; present: 3 promoters and 43 others; votes counted by M Ramana Reddy / P. S. Rao & Associates.The company's voting result (opens in a new tab)

  1. Adoption of Audited Financial Statements (Standalone and Consolidated) of the Company for the financial year ended 31st March, 2026 and the reports of the Board of Director and Auditors thereon
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.14%

    Turnout: all 59.57% · promoters 100.00% · institutions 0.00% · other public 0.41%

  2. To appoint a director in place of Mr. Rajesh Cherukuri (DIN: 09840611) who retires by rotation, and being eligible offers himself for re-appointment
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.73%

    Turnout: all 59.57% · promoters 100.00% · institutions 0.00% · other public 0.41%

  3. Re-appointment of Mrs. Malathi Siripurapu (DIN: 03033944) as a Whole-Time Director of the Company for a period of 3 years
    SpecialPromoters have an interest in it
    94.97% for5.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 5.03%

    Turnout: all 0.15% · promoters 0.00% · institutions 0.00% · other public 0.41%

  4. Re-appointment of Mr. Rajesh Cherukuri (DIN: 09840611) as a Whole-Time Director of the Company for a period of 3 years
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 5.03%

    Turnout: all 59.57% · promoters 100.00% · institutions 0.00% · other public 0.41%

  5. Re-appointment of Mr. Ramesh Babu Nemani (DIN: 08089820) as a Non-Executive Independent Director of the Company for a second term of 5 years
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 5.04%

    Turnout: all 59.57% · promoters 100.00% · institutions 0.00% · other public 0.41%

  6. Ratification of Remuneration of Cost Auditors
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.86%

    Turnout: all 59.57% · promoters 100.00% · institutions 0.00% · other public 0.41%

  7. Approval of Material Related Party Transactions for the Year 2026-27
    OrdinaryPromoters have an interest in it
    93.40% for6.60% against

    Against: promoters 0.00% · institutions 0.00% · other public 6.60%

    Turnout: all 0.15% · promoters 0.00% · institutions 0.00% · other public 0.41%

  8. Approval of Material Related Party Transactions of the material subsidiary(ies) of the Company for the Year 2026-27
    OrdinaryPromoters have an interest in it
    93.40% for6.60% against

    Against: promoters 0.00% · institutions 0.00% · other public 6.60%

    Turnout: all 0.15% · promoters 0.00% · institutions 0.00% · other public 0.41%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 19 Sep 2025, 7 resolutions

82,658 shareholders on the register on 12 Sep 2025; present: 3 promoters and 47 others; votes counted by CS M Ramana Reddy / P. S. Rao & Associates.The company's voting result (opens in a new tab)

  1. Adoption of Audited Financial Statements (Standalone and Consolidated) of the Company for the financial year ended 31st March, 2025 and the reports of the Board of Director and Auditors thereon
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.07%

    Turnout: all 59.42% · promoters 100.00% · institutions 0.00% · other public 0.09%

  2. To appoint a Director in place of Mrs. Malathi Siripurapu (DIN: 03033944) who retires by rotation, and being eligible offers herself for re-appointment
    OrdinaryPromoters have an interest in it
    96.33% for3.67% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.67%

    Turnout: all 0.03% · promoters 0.00% · institutions 0.00% · other public 0.09%

  3. Re-appointment of Mr. Kiran Kumar Adapa (DIN: 09087754) as a Non-Executive Independent Director of the Company for a second term of 5 years
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.14%

    Turnout: all 59.42% · promoters 100.00% · institutions 0.00% · other public 0.09%

  4. Appointment of Secretarial Auditors for a period of 5 years
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.26%

    Turnout: all 59.42% · promoters 100.00% · institutions 0.00% · other public 0.09%

  5. Ratification of Remuneration of Cost Auditors
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.86%

    Turnout: all 59.42% · promoters 100.00% · institutions 0.00% · other public 0.09%

  6. Approval of Material Related Party Transactions for the Year 2025-26
    OrdinaryPromoters have an interest in it
    98.73% for1.27% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.27%

    Turnout: all 0.03% · promoters 0.00% · institutions 0.00% · other public 0.09%

  7. Approval of Material Related Party Transactions of the material subsidiary(ies) of the Company for the Year 2025-26
    OrdinaryPromoters have an interest in it
    98.92% for1.08% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.08%

    Turnout: all 0.03% · promoters 0.00% · institutions 0.00% · other public 0.09%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 20 Sep 2024, 13 resolutions

Present: 4 promoters and 32 others.The company's voting result (opens in a new tab)

  1. Adoption of Audited Financial Statements (Standalone and Consolidated) of the Company for the financial year ended 31st March, 2024 and the reports of the Board of Director and Auditors thereon
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.12%

    Turnout: all 59.54% · promoters 100.00% · institutions 0.00% · other public 0.38%

  2. To appoint a Director in place of Mr. Kiran Kumar Atukuri (DIN: 08143781) who retires by rotation, and being eligible offers himself for re-appointment
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.26%

    Turnout: all 59.54% · promoters 100.00% · institutions 0.00% · other public 0.38%

  3. Re-appointment of Mr. Kiran Kumar Atukuri (DIN: 08143781) as Managing Director of the Company for a period of 3 years
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.63%

    Turnout: all 59.54% · promoters 100.00% · institutions 0.00% · other public 0.38%

  4. Re-appointment of Mrs. Swapna Kandula (DIN: 08719208) as a Non-Executive Independent Director of the Company for a second term of 5 years
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.82%

    Turnout: all 59.54% · promoters 100.00% · institutions 0.00% · other public 0.38%

  5. Approval for payment of Managerial Remuneration to Executive Directors who are Promoters of the Company
    SpecialPromoters have an interest in it
    98.70% for1.30% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.30%

    Turnout: all 0.16% · promoters 0.00% · institutions 0.00% · other public 0.38%

  6. Ratification of Nova Agritech Limited Share Based Employee Benefit Scheme – 2022 (“the scheme”) and grant of options/SARs/other benefits under the scheme
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.63%

    Turnout: all 59.54% · promoters 100.00% · institutions 0.00% · other public 0.38%

  7. Ratification of extension of benefits under Nova Agritech Limited Share Based Employee Benefit Scheme – 2022 (“the scheme”) to the employees of group company including subsidiary company(ies) or associate company of the CompanyMoreLess
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.82%

    Turnout: all 59.54% · promoters 100.00% · institutions 0.00% · other public 0.38%

  8. Ratification of approval for grant of options /SARs/shares/other benefits to the identified employee(s) during any one year, equal to or exceeding one percent of the issued capital of the company at the time of grant under the SchemeMoreLess
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.97%

    Turnout: all 59.54% · promoters 100.00% · institutions 0.00% · other public 0.38%

  9. Ratification for implementation of “Nova Agritech Limited Share Based Employee Benefit Scheme – 2022” through trust route
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.85%

    Turnout: all 59.54% · promoters 100.00% · institutions 0.00% · other public 0.38%

  10. Ratification of approval of provisioning of money to trust by the Company for implementation of Nova Agritech Limited Share Based Employee Benefit Scheme – 2022
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.75%

    Turnout: all 59.54% · promoters 100.00% · institutions 0.00% · other public 0.38%

  11. Ratification of Remuneration of Cost Auditors
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.25%

    Turnout: all 59.54% · promoters 100.00% · institutions 0.00% · other public 0.38%

  12. Approval of Material Related Party Transactions for the Year 2024-25
    OrdinaryPromoters have an interest in it
    99.42% for0.58% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.58%

    Turnout: all 0.15% · promoters 0.00% · institutions 0.00% · other public 0.38%

  13. Approval of Material Related Party Transactions of the material subsidiary(ies) of the Company for the Year 2024-25
    OrdinaryPromoters have an interest in it
    99.52% for0.48% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.48%

    Turnout: all 0.16% · promoters 0.00% · institutions 0.00% · other public 0.38%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 14 Jun 2024, 2 resolutions

The company's voting result (opens in a new tab)

  1. APPOINTMENT OF MR. RAJESH CHERUKURI (DIN: 09840611) AS A DIRECTOR OF THE COMPANY
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 8.92%

    Turnout: all 59.44% · promoters 100.00% · institutions 0.00% · other public 0.12%

  2. APPOINTMENT OF MR. RAJESH CHERUKURI (DIN: 09840611) AS A WHOLE-TIME-DIRECTOR OF THE COMPANY FOR APERIOD OF 3 (THREE) YEARS
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 9.10%

    Turnout: all 59.44% · promoters 100.00% · institutions 0.00% · other public 0.12%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
No
The chair is related to the managing director
No
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.

How money raised was used

Reported for the quarter to Sep 2025. The company's results filing for the quarter to Jun 2026 says no statement of how money raised was used applies to it. A statement's amounts are left out where the raise it states and its own uses differ by fifty times or more, a figure typed at the wrong scale.

RaisedAmount raisedForSet asideSpentSpent elsewhereReason and comments
Public IssuesJan 2024, checked by CARE Ratings Ltd–Investment in subsidiary, Nova Agri Sciences Private Limited for setting-up a new formulation plant––NoAudit committee: Audit Committee reviewed and noted that there is no deviation
Public IssuesJan 2024, checked by CARE Ratings Ltd–Funding Capital Expenditure by Company, towards expansion of existing formulation plant––NoAudit committee: Audit Committee reviewed and noted that there is no deviation
Public IssuesJan 2024, checked by CARE Ratings Ltd–Funding of working capital requirement of the company––NoAudit committee: Audit Committee reviewed and noted that there is no deviation
Public IssuesJan 2024, checked by CARE Ratings Ltd–Investment in the subsidiary, Nova Agri Sciences Private Limited, for funding working capital requirements––NoAudit committee: Audit Committee reviewed and noted that there is no deviation
Public IssuesJan 2024, checked by CARE Ratings Ltd–General Corporate Purpose––NoAudit committee: Audit Committee reviewed and noted that there is no deviation
₹ crore. Checked by is the agency appointed to monitor how the money is used. The reason and the comments are the company's, its audit committee's and its auditors' own words.