Unisem Agritech Limited’s Board of Directors convened on November 2, 2026, to approve the un-audited financial results for the half-year ended September 30, 2026. The meeting also addressed the Corporate Social Responsibility obligation for FY 2026-27 and approved revisions in the remuneration of whole-time directors and the CEO, effective October 1, 2026.
Board Meeting Approves Financials and Director Remuneration
Unisem Agritech Limited announced the outcomes of its Board Meeting held on Monday, November 2, 2026. The board, during its 04/2026-27 meeting, transacted several key business items, including the approval of the company’s un-audited financial results for the half-year ended September 30, 2026. These results were reviewed and recommended by the Audit Committee and subsequently noted by the Board.
Key Decisions and Approvals
In addition to the financial results, the Board took note of the Limited Review Report issued by the Statutory Auditors. Other significant decisions included noting the Internal Audit Report for Q4 FY2025-26 and Q1/Q2 FY2026-27, as well as the Management Representation Letter provided to the Statutory Auditors. Related party transactions for the half-year ended September 30, 2026, were also reviewed and noted.
The Board approved contracts and arrangements to be entered into the register maintained under section 189 of the Companies Act, 2013. They also noted the MD, CEO, and CFO certification for the Financial Year ended March 31, 2026.
Director Remuneration and CSR Obligation
A notable aspect of the meeting was the approval of revisions in the remuneration of whole-time directors and the Chief Executive Officer, effective October 1, 2026. These revisions stem from the voluntary relinquishment of a portion of their existing remuneration to optimize operating costs. Specifically, Mr. Anil K. N. relinquished 50% of his monthly remuneration, Mr. Dharanendra H. Gouda relinquished 40%, and Mr. B. H. Devasingh Naik, CEO, relinquished 28%.
Furthermore, based on the recommendation of the Corporate Social Responsibility Committee, the Board considered and approved the company’s Corporate Social Responsibility obligation for the financial year 2026-27. The Board also approved the set-off of eligible excess CSR expenditure incurred in the previous financial year against the CSR obligation for FY 2026–27.
Other Noteworthy Items
The Board also took note of the Statement of Investor Complaints for the quarter ended September 30, 2026, reporting no complaints during the period. The Reconciliation of Share Capital Audit Report for the same quarter was also noted.
Source: BSE
