Shares of Spright Agro Ltd soared 4% on 14 October after the company announced securing a year-long contract that entails supplying seeds at fixed quarterly rates.

The contract between Spright Agro Limited and Naadir Traders Private Limited is worth Rs. 283,77,87,500 (approximately Rs. 283.77 crores) for the delivery of oilseeds in FY 2025-26. The agreement sets fixed pricing and quantity targets for five different varieties of oilseeds, with quarterly deliveries scheduled throughout the year. ​

Here are the main product details:

• Natural soybean oil seeds: 3,275 MT at Rs. 45.50 per kg, for a total of Rs. 14,89,62,500.
• Celastrus Paniculatus (Malkangani) Oil Seeds: 205 MT at Rs. 155.00 per kilogram, worth Rs. 3,17,75,000. ​
• Dry Seeds Natural Alsi (Flax Seeds): 1,825 MT at Rs. 70.00 per kilogram for a total of Rs. 12,77,50,000. ​
• Black Sunflower Oil Seeds: 740 MT at Rs. 98.00 per kilogram, totalling Rs. 7,25,20,000. 
• White Hulled Sunflower Seeds: 910 MT at Rs. 205.00/kg, totalling Rs. 18,65,50,000 each consignment; five consignments are scheduled. ​

The contract allows for up to ±5% flexibility in the amount per shipment based on seasonal variations. Deliveries are exempt from GST because they are agricultural products. This arrangement is a non-related, arm’s-length commercial transaction that is expected to considerably benefit Spright Agro Limited’s profitability and operational stability this year. ​

At 1:30 pm, the shares of Spright Agro were trading 4.12% higher at Rs 1.01 on NSE.

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