Penny Stock Surges To 5% Upper Circuit On Order Win of Rs 283.77 Cr; Shares Below Rs 5

Spirit Agro Limited, formerly known as Tine Agro Limited, came into business at Ahmedabad as an agricultural company dealing with soybean oilseeds, flax seeds, and more. This company follows an agri-trading model, which ensures long-term supply in agreement with commercial buyers and clients.

Recently, Spirit Agro Ltd. has signed an annual contract for the procurement and dispatch of various oilseed commodities for the financial year 2025-26 with Naadir Traders Private Limited. The total value of this agreement is approximately Rs. 283.77 Cr. The agreement is for five agricultural products:

This annual supply agreement meets the demand of the industry and ensures the company's run in the long term. This agreement clearly aligns with the company's strategy to expand its business in the industry. Looking at the data provided, it's evident that the company is securing enough of its revenue to be visible in the financial year 2025-26.

Benefits of this agreement:

• It provides a clear revenue stability for the financial year 2025-26.
• Optimum product capacity utilization by the company.
• Ensures annual supply from Naadir Traders Private Limited.
• As this is an agricultural agreement, it is also exempt from the possible GST charges.
• Ensuring a fixed rate for the commodities throughout the annual dispatches.

The company has shown a clear sign of its desire to grow in the business. It has already signed a contract on October 13th, 2025, with a Maharashtra-based company for over Rs. 283 crore (approx.), indicating consistent company growth and desired profitable revenue for the company and the investors in 2025-26.

On Tuesday, 14th October, the shares of Spright Agro were locked in an upper circuit limit at Rs 1.01 per share with an upside gap of 4.12% from the previous close. From a 52-week high of Rs 16.79 on December 30, 2024, to a 52-week low of Rs 0.96 on October 10, 2025, the stock has had a significant drop during the last 1 year. The stock is still trading close to its yearly low at Rs 1.01, indicating strong selling pressure and negative sentiment among investors. This sharp decline of more than 93% from its peak suggests significant volatility and value loss.