Unisem Agritech Ltd

Unisem Agritech Ltd has announced the shifting and takeover of its existing banking facilities from Federal Bank Limited to Karnataka Bank Limited. The Board of Directors approved this proposal on May 25, 2026, and the necessary loan and security documents were executed on June 30, 2026. The new banking arrangements include term loans totaling ₹4.17 Crores, a DPN loan of ₹3.92 Crores, and an overdraft facility of ₹13.60 Crores, aggregating to ₹21.69 Crores. The company cited better banking services, enhanced operational efficiency, and improved banking support as reasons for the change. Unisem Agritech expects no adverse impact on its business operations, anticipating that the new arrangement will strengthen its banking relationships and facilitate working capital management.

Unisem Agritech Limited has submitted its Statement of Deviation(s) or Variation(s) regarding the utilization of Initial Public Offer (IPO) proceeds as of March 31, 2026. The company confirmed that the IPO proceeds were utilized in accordance with the objectives stated in the Offer Document. This statement, certified by M/s. SKSVM & Co., Chartered Accountants, was reviewed by the Audit Committee and Board of Directors on May 25, 2026. A minor adjustment involved reducing the allocation for General Corporate Purpose by ₹78.06 lakhs to cover higher-than-estimated Issue related expenses, as permitted by the prospectus. The total IPO proceeds of ₹2,145.00 lakhs were fully utilized.

Unisem Agritech Ltd's Board of Directors approved the audited financial results for the year ended March 31, 2026, in a meeting held on May 25, 2026. The board also approved the Board's Report, appointment of Internal Auditor for FY 2026-27, and fixed the AGM date for September 11, 2026. The Statutory Auditors, M/s SKSVM & Co., Chartered Accountants, issued a Qualified Opinion Audit Report on the financial results.

Unisem Agritech Ltd's Board of Directors approved the audited financial statements for the year ended March 31, 2026, with a qualified opinion from auditors M/s SKSVM & Co. The board also approved the Board's Report, took note of the Internal Audit Report, Management Representation Letter, and Related Party Transactions. They approved the appointment of M/s Neelakari Mahindrakar Associates as Internal Auditor for FY 2026-27 and fixed the AGM for September 11, 2026, via video conferencing.

Unisem Agritech Ltd has scheduled a Board of Directors meeting on May 25, 2026, to consider and approve the audited financial statements for the year ended March 31, 2026, along with the Board’s Report. The meeting will also address the appointment of an internal auditor, review deviations in IPO proceeds utilization, convene the Annual General Meeting, appoint scrutinizers for e-voting, appoint a secretarial auditor, and consider the extension of services for Mr. Vijay Malgatte. The trading window will be closed until 48 hours after the declaration of the audited financial results.

Unisem Agritech Ltd's Board of Directors met on April 30, 2026, approving salary increments for Executive Directors, Key Managerial Personnel, and Senior Management Personnel. The Board also approved the creation of a provision for bad debts for the Financial Year 2025-26, specifically for receivables outstanding for over three years as of March 31, 2026. Other agenda items included noting director disclosures, compliance declarations, approving general authorization for e-form filings for FY 2026-27, approving contracts under Section 189, and noting investor complaint and share capital audit reports for the quarter ended March 31, 2026.

Unisem Agritech Ltd promoters, Honnebagi Nagappa Devakumar, on behalf of the promoter and promoter group, have declared that no encumbrance was created or invoked on the equity shares of the company held by them during the financial year ended 31st March 2026. This declaration is in accordance with Regulation 31(4) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The list of promoters and promoter group as of 31st March 2025 is also provided.

Unisem Agritech Ltd has announced the closure of its trading window for insider trading prevention. The window will remain closed from 1st April, 2026, till the end of 48 (working) hours after the declaration of Audited Financial Results of the Company for the Quarter & Financial Year Ending March 31, 2026. The Company has designated National Securities Depository Limited (NSDL) as the designated Depository Participant for restricting trading by Designated Persons ('DPs') by freezing PAN at security level in compliance with the SEBI circular.

Unisem Agritech Ltd has entered into a Job Work Agreement dated 23.02.2026 with Seednet Agri Private Limited for seed processing and packaging of Maize, Paddy, Bajra and Jowar. The agreement is for 11 months and will be undertaken at arm's length basis. The agreement does not impact management or control of the Company. The transaction has been approved by the Audit Committee in accordance with Regulation 23 of SEBI (LODR) Regulations, 2015.

The Board of Directors of Unisem Agritech Limited held a meeting on February 17, 2026, and made several key decisions. The Board confirmed the minutes of the previous meeting, approved the appointment of an Internal Auditor for the third and fourth quarters of the financial year 2025-26, and approved Related Party Transactions with Seednet Agri Private Limited. The Board also approved the formation of a Gratuity Trust, approved proposals for availing vehicle loans and applying for a new Cash Credit (CC) facility from Federal Bank, and authorized the Secretarial Auditor to certify, sign, and issue reports, returns, and certificates. The Board also approved the appointment of a Financial Advisor and increased the sitting fees for Non-Executive Directors and Independent Directors. The changes are effective immediately.