In an exchange filing made during market hours today, the company said that its wholly owned subsidiary Seedlings India has been granted a patent by the Indian Patent Office-Government of India for invention entitled "Synergistic Granular Herbicidal Composition for Paddy" for the term of 20 years commencing from 10 March 2022 in accordance with the provisions of the Patents Act, 1970.

Best Agrolife is engaged in the in the trading of agrochemical products such as insecticides, pesticides, herbicides, fungicides and plant nutrients. The company's crop protection chemical products are sold through distributors and co-marketing alliances with leading Indian companies throughout the country.

The company's consolidated net profit jumped 125.5% to Rs 90.50 crore on 32% increase in net sales to Rs 612.23 crore in Q1 FY24 over Q1 FY23.