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Agri-Tech (India) Appoints New Director and Statutory Auditor; EGM Set for April 25, 2026
Agri-Tech (India) Limited has announced a transition in its board and audit functions following a meeting on February 12, 2026. Mr. Dilip Haribhau Deshpande joins as an Additional Independent Director, while Mr. Madhukar Deshpande exits after completing his term. The company also replaced its statutory auditor, Gautam N Associates, with M/s. KP Sahasrabudhe & Co. after the former resigned due to the partner's serious health issues. An Extraordinary General Meeting is scheduled for April 25, 2026, to obtain shareholder approval for these changes.
Key Highlights
Mr. Dilip Haribhau Deshpande appointed as Additional Independent Director effective February 12, 2026.
Outgoing Independent Director Mr. Madhukar Deshpande completed his term on February 12, 2026.
M/s. KP Sahasrabudhe & Co. appointed as new Statutory Auditor to fill the casual vacancy.
Resigning auditor Gautam N Associates cited health issues (liver transplant and heart surgery) as the reason for stepping down.
An Extra-Ordinary General Meeting (EGM) is scheduled for April 25, 2026, for shareholder voting.
💼 Action for Investors
Investors should note the auditor change is due to personal health reasons of the partner rather than financial disagreements, which is generally not a red flag. Monitor the upcoming EGM for formal ratification of these appointments.
Agri-Tech (India) Fined ₹25 Lakhs by NCLAT in Techindia Nirman CIRP Matter
Agri-Tech (India) Limited has received an order from the National Company Law Appellate Tribunal (NCLAT) imposing a penalty of ₹25,00,000. The fine is related to the Corporate Insolvency Resolution Process (CIRP) proceedings against Techindia Nirman Limited. The company received the order copy on January 8, 2026, stemming from an order dated December 17, 2025. This penalty will result in a direct financial loss of ₹25 lakhs for the company, impacting its bottom line for the period.
Key Highlights
NCLAT imposed a cost of ₹25,00,000 on Agri-Tech (India) Limited.
The penalty pertains to legal proceedings involving Techindia Nirman Limited's CIRP.
The company confirmed a direct financial loss of ₹25,00,000 in its regulatory filing.
The disclosure was made following the receipt of the NCLAT order dated December 17, 2025.
💼 Action for Investors
Investors should account for this ₹25 lakh non-recurring expense in the upcoming quarterly results and monitor for any further legal liabilities related to Techindia Nirman.