**Kaizen Agro Infrabuild Limited** (formerly **Anubhav Infrastructure Limited**) is a diversified Indian enterprise that has undergone a fundamental strategic transformation. Formally rebranded on **August 22, 2023**, the company has pivoted from a traditional civil construction focus to a research-driven, technology-enabled **agri-business** model. By leveraging a **Pan-India** distribution network and strategic government partnerships, the company aims to bridge the gap in the Indian agricultural supply chain while maintaining its legacy infrastructure capabilities. --- ### **Strategic Pivot and Business Model Evolution** The company’s transition is designed to capture value in the Indian agricultural economy, which contributes approximately **17% to India's GDP**. The business model now emphasizes aggregation, trading, and value-added services. * **Agro-Trading & Exports:** The primary growth engine, focusing on the domestic and international trade of cereals, pulses, fruits, and vegetables. * **Government Collaborations:** A cornerstone of the new strategy involves partnering with state and central agencies. A key partnership with **NACOF** (National Agriculture Cooperative Marketing Federation of India Limited) allows the company to market tea produced by government enterprises across **27 cities**. * **Value Chain Integration:** Beyond trading, the company is active in the processing and preservation of forest and horticultural produce, including the provision of cold storage and deep-freeze solutions. * **Agri-Inputs & Allied Sectors:** The company supplies seeds, bio-fertilizers, and livestock feed, with operational footprints in dairy, poultry, and pisciculture. * **Legacy Infrastructure:** The company continues to execute civil works, including roads, bridges, flyovers, and industrial sheds, utilizing **BOT (Build Own Transfer)**, **BOOT**, and **Annuity** frameworks. --- ### **Operational Metrics and Financial Health** Kaizen Agro Infrabuild maintains a lean balance sheet characterized by high liquidity and a strict focus on credit quality. | Metric | Value / Status | | :--- | :--- | | **Net Worth (as of March 31, 2025)** | **Rs. 11,533.28 Lacs** | | **Paid-up Share Capital** | **Rs. 51,41,48,880** | | **Total Equity Shares** | **5,14,14,888** (Face Value **Rs. 10**) | | **Bad Debts** | **Zero** reported to date | | **Debtor Position** | No outstanding debtors for **>6 months** | | **Demat Status** | **100%** (Compulsory since Oct 2000) | **Historical Financial Performance (Rs. Lacs):** | Fiscal Year | Turnover (Revenue) | Net Profit (PAT) | | :--- | :--- | :--- | | **2024-25** | **1,967.64** | **38.92** | | **2023-24** | **3,250.89** | **10.19** | | **2022-23** | **2,218.35** | **39.31** | *Note: While revenue contracted in FY25, net profit margins improved significantly, reflecting a shift toward higher-margin agri-contracts and operational efficiency.* --- ### **Capital Structure and Fundraising Initiatives** To facilitate its entry into large-scale agro-trading, the company aggressively expanded its capital base through the following actions: * **Authorized Capital Expansion:** Increased from **Rs. 23 Crore** to **Rs. 51.50 Crore** in June 2023. * **Preferential Allotment:** Raised **Rs. 45 Crore** through the issuance of **3,00,00,000** fully convertible equity warrants at **Rs. 15 per warrant** (including a **Rs. 5 premium**). * **Warrant Conversion:** All **3 Crore** warrants were converted into equity shares by **March 28, 2024**, providing the necessary liquidity for procurement and infrastructure scaling. * **BSE Re-listing:** Following a **forensic audit clearance**, the company’s shares were successfully re-listed on the **BSE Mainboard Platform** on **September 01, 2022**. --- ### **Key Strategic Partnerships and Recent Wins** The company’s growth is currently anchored by high-volume government procurement orders: * **The Tea Initiative:** In collaboration with **NACOF**, the company markets packet tea manufactured by **Andrew Yule & Co. Limited** (A Government of India Enterprise). * **Uttar Pradesh Expansion:** Secured a major order for **80 Metric Tons** of packet tea from the **Uttar Pradesh Cooperative Federation Ltd (PCF)**. * **Inorganic Growth Strategy:** Management is actively evaluating **Mergers and Acquisitions (M&A)** to add new product categories and unlock operating leverage. --- ### **Governance and Leadership Transition** The company has overhauled its leadership to align with its new corporate identity: * **Executive Leadership:** **Mr. Ankur Hada** was appointed CEO in November 2023 and currently serves as **Managing Director cum Chairman**. * **Financial Oversight:** **Mr. Pawan Kumar Jhunjhunwala** (Whole-time Director) assumed the additional role of **CFO** on February 13, 2026. * **Board Independence:** **Mrs. Roshni Gadia** was appointed as an Independent Director in July 2025 for a **5-year term**, alongside the re-appointment of **Mrs. Kalpana Tekriwal**. * **Promoter Reclassification:** In June 2025, the company applied to reclassify several outgoing promoters (including **Pallavi Agarwal** and **Naresh Kumar Agarwal**) to the **'Public' category**, signaling a shift toward a more professionalized shareholding structure. --- ### **Risk Profile and Mitigation Strategies** Investors should consider the following risks inherent to the company’s dual-sector operations: * **Regulatory Compliance:** The company received a **Warning Letter** from the Stock Exchange in **September 2025** regarding a delay in disclosing promoter reclassification (violating the **24-hour** disclosure mandate under **Regulation 31A(8)(c)**). * **Climatic and Seasonal Volatility:** Agri-trading is susceptible to **unfavorable weather** and seasonal demand shifts (e.g., lower cattle feed demand during monsoons; religious festivals impacting poultry consumption). * **Contractual Risks:** Infrastructure projects are **time-bound**; delays can lead to **financial penalties** or **blacklisting**. * **Supply Chain & Quality:** Dependence on third-party suppliers introduces price volatility and risks of **contamination or tampering**. The company mitigates this through **product liability insurance** and a focus on **R&D** to improve process efficiencies. * **Macro-Economic Factors:** Performance is tied to government spending. The company closely monitors the **Union Budget**, noting the **₹1.43 Trillion** allocation for **Agri & Allied Activities** in FY 2024-25 as a positive demand indicator. --- ### **Corporate Information** * **Registered Office:** 16/1A, Abdul Hamid Street, 6th Floor, Room 6C, Kolkata - 700069 (Effective Feb 13, 2026). * **Compliance:** Adheres to **SEBI (LODR) Regulations**; Statutory Auditors reported **zero instances of fraud** under **Section 143(12)** in the latest audit cycle.