Net loss of JK Agri Genetics reported to Rs 9.23 crore in the quarter ended March 2020 as against net profit of Rs 2.52 crore during the previous quarter ended March 2019. Sales declined 28.85% to Rs 31.25 crore in the quarter ended March 2020 as against Rs 43.92 crore during the previous quarter ended March 2019.

For the full year,net loss reported to Rs 10.76 crore in the year ended March 2020 as against net profit of Rs 4.98 crore during the previous year ended March 2019. Sales declined 5.62% to Rs 179.97 crore in the year ended March 2020 as against Rs 190.68 crore during the previous year ended March 2019.

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JK Agri Genetics(New) will hold a meeting of the Board of Directors of the Company on 11 June 2020.

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Net Loss of JK Agri Genetics reported to Rs 3.78 crore in the quarter ended December 2019 as against net loss of Rs 5.20 crore during the previous quarter ended December 2018. Sales rose 36.13% to Rs 31.46 crore in the quarter ended December 2019 as against Rs 23.11 crore during the previous quarter ended December 2018.

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The Board of JK Agri Genetics at its meeting held on 23 January 2020 has approved the issue of 5.50 lakh equity shares of Rs 10 each and upto 4,83,057 warrants convertible into equivalent number of equity shares at an issue price of Rs. 484 per equity share/ warrant for an amount aggregating upto Rs. 50 crore to the promoter and promoter Group, by way of preferential allotment.

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