Raghuvansh Agro.

Raghuvansh Agrofarms Ltd Management Discussions

NSEBSE

₹84.8

(-0.76%)

Sep 17, 2025|12:00:00 AM

Raghuvansh Agrofarms Ltd Share Price Management Discussions

INTRODUCTION

Since its inception, the Company has steadily expanded its presence in the agricultural sector, building on its core focus of cultivating organic vegetables, grains, and cereals. Over the years, it has strengthened its integrated operations, encompassing cultivation, advanced processing, and efficient distribution channels. In 2025, the Company continued to diversify and scale its activities, enhancing its dairy farming operations, widening the reach of its dairy product portfolio, and increasing production capacity for organic manure to meet rising market demand.

INDUSTRY STRUCTURE AND DEVELOPMENT

Agriculture continues to form the backbone of Indias economy, with traditional farming steadily evolving through the integration of modern scientific practices, advanced machinery, precision tools, and efficient mechanization. The sector not only fulfills the countrys substantial domestic food requirements but also serves an expanding base of global markets through exports.

Nearly 58% of Indias population relies on agriculture for its livelihood, underscoring its central role in national economic stability. The Indian food industry is witnessing sustained growth, strengthening its position in the global food trade each year. This growth is fueled by significant opportunities for value addition, particularly within the food processing domain. Currently, the Indian food and grocery market stands as the sixth largest in the world, with retail contributing around 70% of overall revenue. The food processing segment accounts for roughly 32% of the total food market, ranking among the largest industries in the country and placing India fifth globally in terms of production, consumption, exports, and projected sectoral growth.

Future prospects for Indian agriculture remain strong, with heightened investments in irrigation systems, warehousing, and cold chain infrastructure expected to drive productivity and efficiency. The gradual adoption of genetically modified crops promises further yield improvements, while innovations such as early-maturing pulse varieties and consistent increases in minimum support prices are positioning the country to achieve near-term self-sufficiency in pulses.

Over the past few years, Indias biomass power generation capacity has grown considerably, reflecting the Governments clear focus on expanding renewable energy production. Biomass now represents a little over 13% of the countrys total renewable power capacity—closely comparable to the global share of about 14%, as noted in the latest World Bioenergy Association report. With municipal and agricultural waste volumes steadily increasing nationwide, industry experts view biomass power as an indispensable solution for sustainable energy generation and effective waste management.

The bio-energy sector, though relatively small, is gaining momentum, supported by policy measures such as the National Policy on Biofuels approved by the Union Cabinet. This policy framework has created a favorable environment for investment, innovation, and accelerated development in the sector, paving the way for long-term growth and environmental benefits.

OPPORTUNITIES AND THREATS

The market for agricultural produce, dairy products, and organic fertilizers continues to demonstrate steady and resilient demand, while the requirement for energy is on a consistent upward trajectory. These trends ensure sustained relevance and market opportunity for the Companys diversified operations—spanning agriculture, dairy, organic manure production, and renewable energy generation through biogas power plants. Guided by the strategic vision of its

Board of Directors, the Company is actively advancing its plans for expansion within its core business domains.

While the Company operates in sectors with strong profitability potential, its performance remains influenced by external factors such as climatic conditions, policy frameworks, labor availability, and other market dynamics. Through proactive planning and adaptive strategies, the Company seeks to mitigate these challenges and sustain long-term growth.

SEGMENTWISE PERFORMANCE

Companys business activity primarily falls within a single business and geographical segment. During the year under review, production and trading of agro and related products worth Rs.6,42,56,446/- were transacted.

OUTLOOK

The Company foresees a favorable business environment ahead, supported by positive shifts in climatic patterns and proactive government policies aimed at strengthening the agricultural and dairy sectors. With rising consumer demand and expanding market opportunities, these industries are expected to experience sustained growth over the coming years.

Building on this outlook, the Company is strategically focused on driving operational excellence, optimizing resource utilization, and introducing higher value-added processes. These initiatives are designed to not only enhance earnings but also reinforce the Companys competitive edge, ensuring long-term, sustainable returns for stakeholders.

RISKS & CONCERNS THE MANAGEMENT PERCEIVE

Unfavorable climatic condition, global pandemic, War and restrictions by the central/state authorities and uncertainty in economic growth which are not favorable presently in agricultural related activity and is expected to impact the growth rate in India and consequently to the

Companys operations.

The Company is diligently working to enhance operational efficiency in order to boost earnings and add value to its operational activities.

INTERNAL CONTROL SYSTEM & THEIR ADEQUACY

Internal Control Systems are implemented: -

? To safeguard the Companys assets from loss or damage.

? To keep constant check on cost structure.

? To follow the guidelines issued by Central/State Authorities to refrain from Covid.

? To provide adequate financial and accounting controls and implement accounting standards.

The system is being improved and modified continuously to meet with changes in business condition, statutory and accounting requirements. Internal controls are adequately supported by Internal Audit and periodic review by the management.

The Audit Committee meets periodically to review –

• Financial statements, with the management and statutory auditors;

• Adequacy/scope of internal audit function, significant findings and follow up thereon of any abnormal nature, with the internal auditors.

DISCUSSION ON FINANCIAL PERFORMANCE WITH RESPECT TO OPERATIONAL EFFICIENCY

The details of the financial performance of the Company appear in the Balance Sheet, Statement of

Profit and Loss and other financial statements appearing separately. Please refer the Directors

Report for highlights.

MATERIAL DEVELOPMENTS IN HUMAN RESOURCES, INDUSTRIAL RELATIONS

Throughout the year, human resources were given significant focus in light of the organizations growth and the associated needs, including employee safety. All safety protocols mandated by Central and State Authorities were implemented consistently. Relations among all levels of staff remained amicable, and the Company launched numerous programs aimed at improving the skills of its workforce. As part of its continuous efforts, the Company has persistently sought to identify, develop, and implement initiatives that enhance both productivity and efficiency.

The Company remains committed to investing in its personnel, necessary machinery, and equipment, which empower the workforce to fulfill production demands and address associated challenges, while also fostering a positive enthusiasm for the organization.

There were 08 employees on roll in an organization as on 31^stMarch, 2025.

Details of significant changes (i.e. change of 25% or more as compared to the immediately previous financial year) in key financial ratios, along with detailed explanations therefore, including:

RAGHUVANSH AGROFARMS LIMITED

F.Y. 2024-25

Ratio	Numerator	Denominator	Current	Previous	% Variance	Reason for
			Period	Period		Variance
						During the year there was an
						increase in current assets but
Current Ratio	646,315,281.69	50 50,077,362.	12.91	65 36.	-65%
						substantial redution in current
						laibility resulting in variance.
						There was a substantial increase
Debt-equity Ratio	88,589,046.32	43 632,016,554.	0.14	02 .	-504%
						in long term borrowing.
Debt service						There was a substantial increase
	63,021,546.89	05 10,515,086.	5.99	10 .	5798%
coverage ratio						in long term borrowing.
Return on equity	49,846,705.89	00 119,175,500.	0.42	41 0.	3%
Inventory
	64,256,446.00	65 7,494,613.	8.57	21 14.	-40%
turnover ratio
Trade Payables						For the year all the Trade
	18,100,505.00	-	#DIV/0!	83 55.	#DIV/0!
turnover ratio						Payables were paid.
Net Capital
	49,846,705.89	43 632,016,554.	0.08	09 .	-14%
turnover ratio
Net profit ratio	49,846,705.89	00 64,256,446.	0.78	72 0.	8%
Return on capital
	49,846,705.89	43 632,016,554.	0.08	09 .	-14%
employed
Return on
Investment	49,846,705.89	60 73,453,609.	0.68	66 0.	3%

Details of any change in Return on Net Worth as compared to the immediately previous financial year along with a detailed explanation thereof.

Sr. No.	Particulars	2024-25	2023-24	Change (in %)
1.	Return on Net Worth	8.18	9.53	-14.27

CAUTION

This report is based on the experience and information available to the Company in the agricultural, dairy business, manufacturing of manures and assumption in regard to domestic and global economic conditions, and government regulations etc.

The performance of the Company is dependent on these factors. It may be materially influenced by the changes therein beyond the Companys control, affecting the views expressed in or perceived from this report.

MR-3

SECRETARIAL AUDIT REPORT

For the financial year ended 31^stMarch 2025

[Pursuant to section 204(1) of the Companies Act, 2013 and rule No.9 of the Companies (Appointment and

Remuneration Personnel) Rules, 2014]

To,

The Members,

RAGHUVANSH AGROFARMS LIMITED

(L40300DL1996PLC258176)

Reg. Off: Shop No.2, Ground Floor, Property No.A-34,

Madhu Vihar, Delhi - 110092

Corp. Off: Cabin No.33, First Floor, Rear to Padam Tower-I, 14/113,

Civil Lines, Kanpur-208001, Uttar Pradesh

We have conducted the Secretarial Audit of the compliance of applicable Statutory Provisions and the adherence to good corporate practices by RAGHUVANSH AGROFARMS LIMITED (hereinafter called the Company). Secretarial Audit was conducted in a manner that provided us a reasonable basis for evaluating the corporate conducts/statutory compliances and expressing our opinion thereon.

Based on our verification of RAGHUVANSH AGROFARMS LIMITED (the companys) books, papers, minute books, forms and returns filed and other records maintained by the company and also the information provided by the Company, its officers, agents and authorized representatives during the conduct of secretarial audit, We hereby report that in our opinion, the company has, during the audit period covering the financial year ended on 31^stMarch 2025 complied with the statutory provisions listed hereunder and also that the

Company has proper Board-processes and compliance-mechanism in place to the extent, in the

manner and subject to the reporting made hereinafter:

We have examined the books, papers, minutes books, forms and returns filed and other records maintained by "the Company" for the financial year ended on 31^stMarch 2025, to the extent applicable, according to the provisions of:

(i) The Companies Act, 2013 (the Act) and the rules made thereunder;

(ii) The Securities Contracts (Regulation) Act, 1956 (‘SCRA) and the rules made

thereunder;

(iii) The Depositories Act, 1996 and the Regulations and Bye-laws framed thereunder

(iv) Foreign Exchange Management Act, 1999 and the rules and regulations made thereunder to the extent of Foreign Direct Investment, Overseas Direct Investment and External Commercial Borrowings (Not applicable during the year);

(v) The following Regulations and Guidelines prescribed under the Securities and

Exchange Board of India Act, 1992 (‘SEBI Act): -

(a) The Securities and Exchange Board of India (Prohibition of Insider Trading)

Regulations, 2015;

(b) The Securities and Exchange Board of India (Substantial Acquisition of Shares

and Takeovers) Regulations, 2011

(c) The Securities and Exchange Board of India (Registrars to an Issue and Share

Transfer Agents) Regulations, 1993 (Not applicable during the year);

(d) The Securities and Exchange Board of India (Issue of Capital and Disclosure

Requirements) Regulations, 2009; (Not applicable during the year);

(e) The Securities and Exchange Board of India (Share Based Employee Benefits)

Regulations, 2014; (Not applicable during the year);

(f) The Securities and Exchange Board of India (Issue and Listing of Debt Securities)

Regulations, 2008; (Not applicable during the year);

(g) The Securities and Exchange Board of India (Delisting of Equity Shares)

Regulations, 2009 (Not applicable during the year);

(h) The Securities and Exchange Board of India (Buyback of Securities) Regulations,

1998 (Not applicable during the year);

(vi) Other Acts- As per the information provided by the company its officers and authorize

representative there is no such other act /as applicable specifically to the Company.

We have also examined compliance with the applicable clauses of the following:

(i) Secretarial Standards issued by the Institute of Company Secretaries of India. (as amended

from time to time).

(ii) The Listing Agreements entered into by the Company with BSE Limited, Stock Exchange.

To the best of our understanding, during the period under review, the Company has complied with the provisions of the Act, Rules, Regulations, Guidelines, Standards, etc. mentioned above.

We further report that based on the information provided by the company, its officers and its authorized representatives during the conduct of the audit, and also on the report by respective department heads /Company Secretary/CFO, taken on record by the Board of Directors of the Company, in our opinion, adequate system and processes and control mechanism exist in the company to monitor and to ensure the compliance with applicable general laws.

We further report that the compliance by the company of the applicable financial laws, like direct and indirect tax laws, has not been reviewed in this audit since the same have been subject to review by the statutory financial auditor and other designated professionals.

We further report that the Board of Directors of the Company is duly constituted with a proper balance of Executive Directors, Non-Executive Directors and Independent Directors. The changes in the composition of the Board of Directors that took place during the period under the review were carried out in compliance with the provisions of the Act. During the period under reviews, the following changes took place in the composition of the board of directors:

1. Mrs. Renu Agarwal, one of the Directors of the Company, retired by rotation and was reappointed at the Annual General Meeting of the Company held on 21.09.2024.

2. Mr. Subodh Agarwal (DIN:00122844) was reappointed as the Managing Director of the Company for another term of five (5) consecutive years on 05.08.2024 and further, the same was approved by the shareholders at the Annual General Meeting of the Company held on 21.09.2024.

The company has complied with the applicable provisions of the Companies Act, 2013 and the

rules made thereunder in respect of the aforesaid changes.

None of the directors were disqualified during the year. All the requisite disclosures were duly furnished in the respective outcomes filed with the BSE and all the events/information upon occurrence were disclosed to the Stock Exchange following the guidelines of materiality pursuant to the provisions of Regulation 30 read with Schedule III of SEBI (Listing Obligations

and Disclosure Requirements) Regulations, 2015.

The board met eight (8) times during the year which took place on 27.05.2024; 05.08.2024;

23.08.2024; 16.09.2024; 30.09.2024; 11.11.2024; 19.12.2024 and 04.03.2025.

Further, the Annual General Meeting of the Company took place on 21.09.2024. The Register of Members and the share transfer books were closed from 14.09.2024 to 21.09.2024 for the purpose of Annual General Meeting of the Company.

We further report that all the meetings of the Audit Committee, Nomination and Remuneration, and Stakeholders relationships Committee took place as per the Compliance of Secretarial standards -1 as issued by the Institute of Company Secretaries of India. A separate meeting for Independent Directors also took place during the reporting period to review the performance of non-Independent directors and the board, and also to assess the quality, quantity, and timeliness of the flow of information between the company management and the board.

We further report that during the period under review, the Company has changed its Registered Office from 116, Ring Road Mall, 21, Mangalam Place, Sector-3, Rohini, Delhi-110085 to Shop No.2, Ground Floor, Property No. A-34, Gali No.02, Madhu Vihar, Delhi-110092

We further report that the Corporate Office of the company was also shifted from Cabin No.:559, Third Floor, Padam Tower-I, 14/113, Civil Lines, Kanpur-208001, U.P., to Cabin No.:33, Rear to Padam Tower-I, 01st Floor, 14/113, Civil Lines, Kanpur-208001, U.P.

Adequate notice was given to all directors to schedule the Board Meetings, agenda and

detailed notes on agenda were sent at least seven days in advance. In addition to this, a system exists for seeking and obtaining further information and clarifications on the agenda items before the meeting and for meaningful participation at the meeting. Majority decisions are carried through and were recorded as part of the minutes. As per the minutes, all the decisions were taken unanimously and there were no dissenting members whose views were required to be captured and recorded as part of the minutes. We further report that there are adequate systems and processes in the company commensurate with the size and operations of the company to monitor and ensure compliance with applicable laws, rules, regulations and guidelines.

We have relied on the representations made by the Company and its officers for systems and mechanisms formed by the Company for compliances under applicable laws/Acts/Regulations of the Company.

This report is to be read with our letter of even date, which is annexed as "Annexure - A" and

forms an integral part of this Report.

"ANNEXURE – A" TO THE SECRETARIAL AUDIT REPORT

To,

The Members,

RAGHUVANSH AGROFARMS LIMITED

(L40300DL1996PLC258176)

Reg. Off: Shop No.2, Ground Floor, Property No.A-34,

Madhu Vihar, Delhi - 110092

Corp. Off: Cabin No.33, Rear to Padam Tower-I, First Floor, 14/113, Civil Lines,

Kanpur-208001, Uttar Pradesh

Our report of even date is to be read along with this letter.

1. Maintenance of Secretarial records is the responsibility of the Management of the Company. Our responsibility is to express an opinion on these secretarial records based on our audit.

2. We have followed the Audit practices and process as were appropriate to obtain reasonable assurance about the correctness of the contents of the Secretarial records. The verification was done on test basis to ensure that correct facts are reflected in Secretarial records. We believe that the process and practices we have followed provide a reasonable basis for our opinion.

3. We have not verified the correctness and appropriateness of financial records and Books of Accounts of the Company.

4. Wherever required, we have obtained the Management representation about the compliance of laws, rules and regulations and happening of events etc.

5. The compliance of the provisions of corporate and other applicable laws, rules, regulations and standards is the responsibility of the management. Our examination was limited to the verification of procedures on test basis.

6. The Secretarial Audit Report is neither an assurance as to the future viability of the Company nor of the efficacy or effectiveness with which the management has conducted the affairs of the Company.

Form No. AOC-2

(Pursuant to clause (h) of sub-section (3) of section 134 of the Act and Rule 8(2) of the Companies (Accounts) Rules, 2014)

Form for disclosure of particulars of contracts/arrangements entered into by the company with related parties referred to in sub-section (1) of section 188 of the Companies Act, 2013 including certain arms length transactions under third proviso thereto

1. Details of contracts or arrangements or transactions not at arms length basis:

No Such Transactions taken place during the year under review.

(a) Name(s) of the related party and nature of relationship:			- NA
(b) Nature of contracts/arrangements/transactions:			- NA
(c) Duration of the contracts / arrangements/transactions:			- NA
(d) Salient terms of the contracts or arrangements or transactions including the value, if any:			- NA
(e) Justification for entering into such contracts or arrangements or transactions			- NA
(f) Date(s) of approval by the Board:			- NA
(g) Amount paid as advances, if any:			- NA
(h) Date on which the special resolution was passed in general meeting as required under first proviso to section
188:		- NA
2. Details of material contracts or arrangement or transactions at arms length basis:
(a)	Name(s) of the related party and nature of relationship:			-NA
(b)	Nature of contracts/arrangements/transactions:			-NA
(c)	Duration of the contracts / arrangements/transactions:			-NA
(d)	Salient terms of the contracts or arrangements or transactions including the value, if any:			-NA
(e) Date(s) of approval by the Board, if any:				-NA
(f) Amount paid as advances, if any:				- Nil

Form AOC-1

Statement containing salient features of the financial statement of Subsidiaries/associate companies/joint ventures [Pursuant to first proviso to sub-section (3) of section 129 read with rule 5 of Companies (Accounts) Rules, 2014] Part "A": Subsidiaries

S. No.				Sl. No.- 01	Sl. No.- 02
	Particulars
01	Name			Sanjeevani Fertilizers and	Kanpur Organics Pvt. Ltd.
				Chemicals Pvt. Ltd.
02	The date since when Subsidiary was			31.03.2014	06.01.2014
	acquired
03	Reporting Period			01.04.2024-31.03.2025	01.04.2024-31.03.2025
04	Reporting period for	the	subsidiary	NA	NA
	concerned, if different	from the holding
	companys reporting period
05	Reporting currency and Exchange rate as on			NA	NA
	the last date of the relevant		Financial year
	in the case of foreign subsidiaries
06	Share Capital			2200000	1915000
07	Reserves & Surplus			121992955	93182106
08	Total Assets			191383359	107258105
09	Total Liabilities			191383359	107258105
10	Investments			Nil	Nil
11	Turnover			11959259	36657618
12	Profit before Taxation			5093096	7650490
13	Provision for Taxation			232099	(510249)
14	Profit after Taxation			4860998	8160739
15	Proposed Dividend			Nil	Nil
16	Extend of Shareholding (IN %)			51.00 %	94.78 %

Notes: The following information shall be furnished at the end of the statement:

1.	Names of subsidiaries which are yet to commence operation:	Nil
2.	Names of subsidiaries which have been liquidated or sold during the year: Nil

Statement pursuant to Section 129(3) of the Companies Act, 2013 related to Associate Companies and Joint Ventures

Name of Associates or Joint Ventures	Name1	Name2	Name3
1. Latest audited Balance Sheet Date	Nil	Nil		Nil
2.Date on which the Associate or Joint Venture was	-	-		-
associated or acquired
3.Shares of Associate or Joint Ventures held by the	-	-		-
company on the year end
No.	-	-		-
Amount of Investment in Associates or Joint Venture	-	-		-
Extent of Holding (in percentage)	-	-		-
4.Description of how there is significant influence	-	-		-
5.Reason why the associate/joint venture is not	-	-		-
consolidated
6. Net worth attributable to shareholding as per latest	-	-		-
audited Balance Sheet
7. Profit or Loss for the year	-	-		-
i. Considered in Consolidation	-	-		-
ii. Not Considered in Consolidation	-	-		-

1. Names of associates or joint ventures which are yet to commence operations.

2. Names of associatesorjointventureswhichhavebeenliquidatedorsoldduringtheyear.

Note: This Form is to be certified in the same manner in which the Balance Sheet is to be certified".

PARTICULARS PURSUANT TO SECTION 197(12) OF THE COMPANIES ACT, 2013 READ WITH RULE 5 OF THE COMPANIES (APPOINTMENT & REMUNERATION OF MANAGERIAL PERSONNEL) RULES, 2014

STATEMENT OF PARTICULARS OF EMPLOYEES PURSUANT TO PROVISIONS OF SECTION 197(12) OF THE COMPANIES ACT 2013 READ WITH COMPANIES (APPOINTMENT AND REMUNERATION OF MANAGERIAL PERSONNEL) RULES, 2014

A) Details pursuant to Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014.

Sl.	Requirement of Rule 5(1)			Disclosure
No.
1	The ratio of the remuneration of		Mr. Subodh Agarwal (Managing Director)- 5.19
	each director to the median		Ms. Renu Agarwal (Director) – 3.12
	remuneration of the employees for
	the financial year
2	Percentage increase in remuneration		Percentage increase in remuneration of:-
	of each director, CFO, CEO, CS or		a) Directors - Nil
	Manager in the financial year		b) MD – Nil
			c) CFO - Nil
			d) CEO -Nil
			e) Company Secretary – Nil
			f) Manager –Nil
3	The percentage increase/decrease in		The median remuneration of the		Employees			increased by
	the median remuneration	of	0.56 % in the financial year.
	employees in the financial year
4	The number of permanent employees		There were 08	employees on	permanent			roll	of	the
	on the rolls of the company		company as on March 31, 2025.
5	Average percentile increase already		The average percentile increase			in	the	salaries		of
	made in the salaries of employees		employees other than the managerial personnel during the
	other than the managerial personnel
			financial	year	was				0.56%.
	in the last financial year i.e. 2024-
	25 and its comparison with	the	There was no increase in the remuneration					of	the	Key
	percentile increase in	the	Managerial Personnel during		the	year	under		review.
	managerial remuneration	and	The increase in remuneration of employees was based on
	justification thereof and point out if
			the Companys policy of rewarding			performance,			market
	there are any exceptional
	circumstances for increase in	the	competitiveness,	and overall	business			performance.
	managerial remuneration.		There were no exceptional circumstances					affecting		the
			remuneration of managerial personnel during the year.
6	Affirmation that the remuneration is		We affirm that the remuneration paid to employees							and
	as per the remuneration policy of		KMPs was based on the remuneration policy.
	the company

B) Details of the every employee of the Company as required pursuant to rule 5(2) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014:-

? Drawing salary of 102 Lakhs or above for the year if employed throughout the year -Nil

? Drawing salary of 8.5 Lakhs p/m or above for a month if employed for part of the year -Nil

? Drawing salary more than the salary of MD and having 2% stake in the company –Nil

C) No Managing Director or Whole-time Director of the Company is receiving any commission from the Company as well as from the Holding Company or Subsidiary Company of the Company.

CORPORATE SOCIAL RESPONSIBILITY

_. A brief outline of the Companys CSR policy, including overview of projects or programs proposed to be undertaken and a reference to the web-link to the CSR policy and projects or programs

The CSR policy has been formulated for indicating the activities to be undertaken by the Company in compliance with the provisions of Section 135 of the Companies Act, 2013 and Rules framed there under and to recommend the amount of expenditure to be incurred on CSR Activities as enumerated in Schedule VII of the Companies Act, 2013 and monitor the CSR Policy of the Company periodically.

A detailed copy of the Corporate Social Responsibility policy is available on the website of the Company viz. https://raghuvanshagro.com/Investors?arg0=getHD&arg1=00000052

2. The Composition of the CSR Committee is as follows: Since the amount to be spent as a CSR Expenditure is less than Rs.50.00 Lacs, as per provisions Sub-Section(9) of Section 135 of the Companies Act, 2013 (stated hereunder), Committee formation is not mandatory for our company. Hence there is no CSR Committee, all the required functions are discharged by the Board of Directors.

Inserted by the Companies (Amendment) Act, 2020. Notification dated 28th September, 2020Amendment Effective from 22nd January 2021

[(9) Where the amount to be spent by a company under sub-section (5) does not exceed fifty lakh rupees, the requirement under sub-section (1) for constitution of the Corporate Social Responsibility Committee shall not be applicable and the functions of such Committee provided under this section shall, in such cases, be discharged by the Board of Directors of such company.]

3. Prescribed CSR Expenditure

I. Average net profit of the Company for last three financial years

The Average Net Profit of the Company for last three Financial Years is Rs.5,70,59,478/-.

II. Prescribed CSR Expenditure

In terms of Provisions of Section 135 the recommended CSR Expenditure for the Financial year 2024-25 of Raghuvansh Agrofarms Limited is Rs.11,41,190/-.

III. Amount Spent

During F.Y. 2024-25, RAFL spent a total of Rs.18,80,990/- on CSR Projects.

IV. Amount unspent

Nil

4. Details of CSR spent during the financial year

During F.Y. 2024-25, RAFL spent a total of Rs.18,80,990/-on CSR Projects. A breakdown of the manner in which this expenditure was made has been depicted in table given below:

Sr.	Project/Activities		Sector	Locatio	Amount	Amount	Amount	Spent:
No.				n	Outlay	Spent on	Directly	or through
						the	implementing
						Projects	Agency
01	Eradicating		Health	Kanpur	1141190	1880990	Direct
	Hunger,
	Poverty	and
	Malnutrition

5. A responsibility statement of the CSR Committee that the implementation and monitoring of CSR Policy, is in compliance with CSR objectives and Policy of the company

We hereby confirm that the Company has implemented and monitored the CSR Policy in Compliance with CSR Objectives and Policy of the Company.

SHARE PRICE DATA

Month	High (Rs.)	Low(Rs.)	Volume (Nos.)
April 2024	202.00	198.90	206250
May 2024	203.00	199.00	130625
June 2024	208.00	205.00	98125
July 2024	215.00	205.00	178750
Aug 2024	204.00	144.00	32500
Sep 2024	142.20	115.00	10625
Oct 2024	116.55	88.25	27500
Nov 2024	115.35	107.75	3750
Dec 2024	112.75	107.40	3750
Jan 2025	111.50	99.75	22500
Feb 2025	103.00	97.40	156250
Mar 2025	118.25	72.80	861875

Note: Company got listed on BSE SME Platform on January 28, 2015.

GENERAL BODY MEETINGS

(i) Location and time where last three Annual General Meetings were held:

Financial	Date	Time	Venue
Year
2021-22	28.09.2022	12:00 PM	THROUGH VIDEO CONFERENCING MODE
2022-23	24.09.2023	02:30 PM	112, First Floor, Surya Kiran Building, 19 KG Marg, New
			Delhi-110001
2023-24	21.09.2024	02:30 PM	106, First Floor, Surya Kiran Building, 19 KG Marg, New
			Delhi-110001

Shareholding Patterns, Financial results and other Reports are electronically transmitted to the stock Exchange and the documents which are required to be uploaded on the website of the company as per SEBI (LODR) Regulations, 2015 and other applicable regulations, are also uploaded on the website "www.raghuvanshagro.com" of the company.

The Companys news releases are displayed on the Companys website as per the requirement of SEBI (LODR) Regulations, 2015 and other applicable rules and regulations.

GENERAL SHAREHOLDER INFORMATION

AGM : Date, Time & Venue	24.09.2025 at 2:00	PM at 106, First			Floor, Surya Kiran
	Building, 19 KG Marg, New Delhi-110001
Financial year	The Financial year under the		review covers the			following
	period from 01.04.2024	to 31.03.2025
Date of Book Closure	17.09.2025 to 24.09.2025
Dividend Payment Date	NIL
Listing on Stock Exchange	BSE Limited
Stock Code	BSE : 538921
	ISIN: INE865P01016
Market Price Date: High, Low	Please see Annexure -7
during last Financial Year
Registrar and Transfer Agent	Skyline Financial Services Pvt. Ltd.
Share Transfer System	All the transfers received are processed by the Registrar
	and Transfer Agent.
Dematerialization of Shares	99.39% of the paid	capital	are	dematerialized			as	on
and Liquidity	March 31, 2025
Outstanding GDRs/ADRs/	Not Issued
Warrants or any Convertible
instruments conversion date
and likely impact on equity
Plant Locations	1. Gram Kapli, Tehsil Kanpur, Zila Kanpur Nagar
	2. Village Gaur Pathak, Thesil Pokhrayan, District					Ramabai
	Nagar (Old Kanpur Dehat).
Address for correspondence	Corp. Office: Cabin	No.:33,Rear		to	Padam	Tower-I,1^st
	Floor ,14/113, Civil Lines, Kanpur-208001, U.P.
	Email Id. : raghuvanshagro@gmail.com
	Mob. :9956122107

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