Dividend + Bonus Issue Talk Sends This Penny Stock Under Rs 2 To Upper Circuit Today

The Board of Directors of Harshil Agrotech Ltd., a microcap company in the capital goods industry, has announced that it will meet during the first week of September to discuss and evaluate plans for business development, bonus shares, and an interim dividend.

Post the announcement which was made on August 28, the shares of Harshil Agrotech were trading at a 5% upper circuit limit at Rs 1.38 per share on Friday, 29th August.

"The Meeting of Board of Directors of the Company will be held on Friday, September, 05, 2025 at the Registered Office of the Company situated at S F 225, I Square Near Shukan Mall, Science City Road, Sola, Ahmedabad, Gujarat, 380060 to inter alia to consider the following business agenda items: 1. To consider and approve the declaration of interim dividend. 2. To consider expanding the company's business into spices processing and export. 3. To consider and approve issue of Bonus shares. 4. Any other business with the permission of chair," said Harshil Agrotech in a stock exchange filing.

Harshil Agrotech Limited notified the BSE of a change in its secretarial auditor on August 23, 2025. On August 22, 2025, M/s. Dharti Patel & Associates resigned, stating that they were preoccupied with other work-related tasks. The appointment of M/s. Mittal V Kothari & Associates for a first term of five years in a row was then authorized by the Board of Directors, subject to approval by the company's members at the next Annual General Meeting.

Due to robust revenue growth, Harshil Agrotech reported that its net profit increased 7x to Rs 6.52 crore in the June 2025 quarter. According to an exchange statement, revenue from operations increased from Rs 11.36 crore in the same period last year to Rs 59.89 crore in the April-June quarter of FY2025-26. The corporation reported a net loss of Rs 78.30 lakh for the March quarter of FY2024-2025 and a profit of Rs 90.11 lakh for the June quarter.

Formerly known as Mirch Technologies (India) Limited, Harshil Agrotech Ltd. is an Indian company that was established in 1972. It is involved in the production and selling of commodities, agricultural products, and agrimaterials. Greenhouse technology, organic farming, contemporary agro-farming, and contract farming are among the services offered by the organization.