Adon Agro Commodities Ltd

Adon Agro Commodities Limited informed the BSE Limited that there was no deviation or variation in the utilization of proceeds raised through its initial public offering (IPO) for the half year ended September 30, 2026. The company had raised Rs 4403.00 lakh through the IPO on July 2, 2026, with Rs 3200.00 lakh allocated to funding incremental working capital requirements, Rs 644.27 lakh to general corporate purposes, and Rs 558.73 lakh for issue-related expenses, all of which were utilized as per the offer document.

Adon Agro Commodities Limited will hold a board meeting on Tuesday, November 3, 2026, to consider and approve the unaudited financial results (standalone and consolidated) for the half year ended September 30, 2026, according to a filing with the BSE Limited. The trading window for the company's securities will remain closed for designated persons and their immediate relatives from October 1, 2026, until 48 hours after the unaudited financial results are declared to the stock exchanges.

Adon Agro Commodities Limited, formerly known as Adon Agro Commodities Private Limited, submitted a certificate to the Bombay Stock Exchange under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the quarter and half year ended September 30, 2026, as confirmed by Kfin Technologies Limited, the company’s registrar and share transfer agent.

ADON AGRO COMMODITIES LIMITED, formerly known as ADON AGRO COMMODITIES PRIVATE LIMITED, announced the appointments of Ms. Heena Garg, Proprietor of M/s Heena Garg & Company, as Secretarial Auditor and M/s Amit Verma & Company, Chartered Accountants (Firm Registration No. 143975W), as Internal Auditor, both for the Financial Year 2026-27, according to a filing with the BSE Limited on October 5, 2026.

Adon Agro Commodities Limited informed the BSE Limited that the trading window for dealing in the company's securities will be closed from October 1, 2026, until 48 hours after the declaration of the unaudited financial results for the half year ended September 30, 2026, in accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015.

Adon Agro Commodities Limited, formerly known as Adon Agro Commodities Private Limited, announced that its Board of Directors re-appointed Mr. Narayanswamy Venkitkrishnan, liable to retire by rotation, for a term effective November 26, 2024, subject to shareholder approval at the company’s 5th Annual General Meeting scheduled for October 3, 2026.

Adon Agro Commodities Limited announced that its board approved the incorporation of a wholly owned subsidiary in the Republic of Chile and the liquidation of its wholly owned subsidiary, Adon Agro Trading L.L.C, incorporated in Dubai, United Arab Emirates, on Wednesday, August 5, 2026.

Adon Agro Commodities will hold a meeting of the Board of Directors of the Company on 24 July 2026.

The scrip was listed at Rs 78.25, a 11.79% premium to the initial public offer (IPO) price. The stock is currently frozen at its upper limit of 5% over its listing price. The counter hit a high of Rs 82.16 and a low of Rs 78.25. About 31.04 lakh shares of the company changed hands at the counter. Adon Agro Commodities' IPO was subscribed 1.34 times. The issue opened for bidding on 29 June 2026 and it closed on 1 July 2026. The price band of the IPO was fixed between Rs 66 to Rs 70 per share. The IPO comprised a fresh issue of 62,90,000 shares. The company intends to utilise the net proceeds from the IPO to fund its incremental working capital requirements and for general corporate purposes. Adon Agro Commodities sources, imports, processes and distributes dry fruits, nuts, seeds and berries, offering products such as almonds, cashews, walnuts, pistachios, raisins and dried fruits in bulk and under its retail brand, Hunger Nuts. The company also supplies customised corporate and festive gifting hampers and sources raw materials from India and overseas markets, including the UAE, Afghanistan, the US, Chile and Sri Lanka. It operates a processing facility in Navi Mumbai with an annual capacity of 4,800 tonnes for almonds and 2,000 tonnes for walnuts, generating revenue through bulk B2B sales, wholesale and corporate gifting, modern trade, exports and direct-to-consumer channels. As of 31 January 2026, the company served 871 customers and had a workforce of 62 employees. The company recorded revenue from operations of Rs 287.33 crore and net profit of Rs 21.55 crore for the period ended 31 January 2026. Powered by Capital Market - Live