Dhanuka Agritech Ltd

Resignation of SMP

• Mr. Umesh Verma, GM - Procurement, resigns as SMP, effective 15 Oct 2026.
• Last working day per resignation letter: 22 Nov 2026.
• Resignation submitted with 90-day notice as per employment terms.
• No new appointment or replacement details at this time.
• Relationship disclosures not applicable.

New Product Launch

• Tembotrax is a selective systemic post-emergence herbicide for maize and sugarcane, launched domestically in India.

New Product Launch Details

• Wetcit Neo is a novel spray adjuvant for India; reduces surface tension and improves spray coverage.
• Fujita is a premium systemic fungicide (Isoprothiolane 40% EC) for rice blast control in India.

Dhanuka Agritech Ltd trading window closed from 01 October 2026 till 48 hours after the declaration of Un-audited Financial Results for the Quarter and Half year Ending September 30, 2026.

Product Launch Details

• POLIN (20% SC) is a new-generation fungicide with DHODHI mode of action (FRAC 52), developed with Nippon Soda.
• Provides preventive protection against Leaf & Neck Blast with translaminar and systemic action.
• Catered to the domestic Indian market.
• Launched in collaboration with Nippon Soda, Japan.

Ratings & Action

• Long-term bank facilities ₹30 crore reaffirmed at CARE AA; Stable.
• Long-term/short-term facilities ₹33 crore reaffirmed at CARE AA; Stable / CARE A1+.
• Total facilities ₹63 crore.
• Rating action based on FY26 and Q1FY27 performance.

Lenders & Limits

• Fund-based limits ₹30 crore from HSBC and HDFC.
• Non-fund-based limits ₹33 crore; LC upto 180 days, BG upto 15 months.

Agency & Date

• Agency: CARE Ratings Limited (CareEdge Ratings).
• Press release dated 16 September 2026.

Rationale & Outlook

• Based on FY26 audited results and Q1FY27 performance.
• Outlook: Stable; rating reaffirmed.

ESOP listing approvals

• NSE and BSE granted in-principle approvals to list up to 50,000 equity shares of ₹2 under ESOP 2026.
• Listing subject to allotment and credit to beneficiaries' accounts or dispatch of share certificates.
• Requires statutory approvals and compliance with SEBI, RBI, MCA, and other authorities.
• Must comply with SEBI LODR, Companies Act 1956/2013, and applicable laws.
• The exchange can withdraw the in-principle approval if information is incomplete or misleading.
• Approval for listing and trading will be issued subject to the stated compliances.
• In-principle approvals are dated 16 September 2026 from NSE and BSE.

Subsidiary incorporation

• Dhanuka Agritech Europe Private Limited incorporated in Ireland as a wholly owned subsidiary.
• Incorporation approved by Ireland CRO; effective August 26, 2026.
• Subscribed for 100 ordinary shares at EUR 1 each for cash.
• The subsidiary is 100% owned by Dhanuka Agritech Limited.

Overview and rationale

• Purpose: establish agrochemical operations and allied activities in Europe.
• Regulatory approvals: Ireland Companies Registration Office approved the incorporation.
• Turnover: Nil at completion as operations have not commenced.

Death of General Manager Export

• Raghunath Duvvuri, General Manager - Export, ceased due to demise on 13 August 2026.
• Reason for cessation: Demise; no other material reasons stated.
• Relationship with other directors: Not Applicable.