Mumbai, Nov 13 (PTI) Agricultural and biotechnology company SC Agrotech Limited on Friday said its board has approved a 10-for-1

Mumbai, Nov 13 (PTI) Agricultural and biotechnology company SC Agrotech Limited on Friday said its board has approved a 10-for-1

Mumbai, Nov 13 (PTI) Agricultural and biotechnology company SC Agrotech Limited on Friday said its board has approved a 10-for-1

Mumbai, Nov 13 (PTI) Agricultural and biotechnology company SC Agrotech Limited on Friday said its board has approved a 10-for-1 stock split and a 4:5 bonus share issue, subject to shareholder and regulatory approvals.

    Under the proposed capital restructuring, each existing equity share will be subdivided into 10 shares, followed by a bonus issue of four shares for every five shares held, subject to applicable record dates.

     The board also cleared an increase of Rs 61 crore in authorised equity share capital, with an extraordinary general meeting scheduled for December 11, 2026, to seek member approvals. No dividend was declared at the meeting, though the company said the matter will be reconsidered in a subsequent quarter.

    The corporate actions follow the company's strong September-quarter financial results released last month, where standalone net profit jumped nearly 48-fold year-on-year to Rs 10.21 crore from Rs 0.21 crore.

     Revenue from operations for the quarter ended September 30, 2026, surged over 800 per cent to Rs 45.26 crore compared to Rs 5.02 crore in the year-ago period, bringing half-yearly net profit to Rs 19.77 crore against Rs 3.34 crore for the entire FY26.

     Alongside its core trading expansion, the company recently launched AgriBridge, a digital agriculture platform connecting farmers, suppliers, and institutional buyers, projecting a hypothetical expansion scenario of Rs 1,000 crore in annual gross merchandise value.

(This story has not been edited by THE WEEK and is auto-generated from PTI)