Agri-Tech (India) Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2021

1. The financial results were reveiwed by the Audit Committee and were thereafter approved by the board of Directors at its meeting held on 05th June 2021, the statutory auditors of the Company have carried out the audit of Financial results.



2. M/s Argent Finvest Pvt Ltd and NBFC Company, agreed to lend INR 4.00 Cr againts pledge of 4,00,000 equity shares of Nath Bio-Genes (India) Limited, Accordingly the Company accorded approval for creaion of pledge on those equity shares and received short term loan of Rs. 3.60 Cr. However, instead of pledge creation, Argent Finvest Pvt Ltd. used its own Delivery Instuction Slip (DIS) and froudulently managed to transfer. 4,00,000 equity shares to its own account and subseqently sold those shares in the market without knowledge/ consent of the Company. the Company had purchased1,25,000 equity shares of Nath Bio-Genes (India) Limited from open market out of the loan so received accordingly, this froudulent transaction resulted in los of Rs. 2,57,70,250 to Company for 2,75,000 shares. the Company has lodged FIR on 14.05.2021 with economic office wing, Aurangabad for misappropriation of equity share, presently the matter is under investigation.



3. The figure for the quarter ending 31.03.2021 are the balancing figure between audited figure of the full financial year and the year to date figure up to the third quarter.



4. The Company is dealing in one major segment- Horticulture crops.



5.The figure have been regrouped/ rearranged , where ever necessary.