Spright Agro board to weigh bonus shares, agriTech expansion

Spright Agro Limited has announced a board meeting for Thursday, September 18, 2025, to deliberate on several key proposals. The agenda includes considering and approving a bonus equity share issuance at a ratio of up to 10:1, to be capitalized from free reserves and/or securities premium. The board will also discuss a dividend declaration or recommendation of up to 100% on the company's equity share capital for the current financial year.

A significant item on the agenda is the company's strategic entry into AgriTech-related businesses. This expansion aims to complement existing agriculture value-chain operations, with the board set to review proposals for feasibility studies, pilots, and partnerships across diverse technology themes. These include precision agriculture, farm automation, unmanned aerial systems, digital market infrastructure, post-harvest and supply-chain technology, farmer services and data platforms, and controlled-environment agriculture.

The evaluation of the AgriTech foray may involve in-house builds, strategic alliances, technology licensing, and/or subsidiary or special purpose vehicle formation, though no binding contracts have been entered into yet. The trading window for Spright Agro Limited's securities is currently closed and will remain so for 48 hours after the board meeting's outcome is disseminated.