What happened to Usher Agro Limited?

Usher Agro Limited was delisted from Indian stock exchanges on 19 October 2020 through a procedural delisting process that affected 8 companies. The delisting price was ₹1.45 per share. The company was incorporated in 1996 and was engaged in rice milling and agro processing operations.

What does Usher Agro Limited do?

Usher Agro Limited was engaged in agro processing, primarily rice milling and processing. The company operated processing units in Uttar Pradesh and supplied rice and related agro products to domestic and potentially export markets.

Is Usher Agro still listed on stock exchanges?

No. Usher Agro was delisted from stock exchanges on 19 October 2020 through a procedural delisting. The delisting price at the time was ₹1.45 per share. It now trades informally in the unlisted/grey market at significantly lower prices.

Who are the promoters of Usher Agro Limited?

The company's promoters are associated with the Agarwal family, with Ashish Kumar Agarwal noted as a key promoter figure in regulatory filings related to the company's operations.

How do I buy Usher Agro unlisted shares here?

Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.

Who am I actually transacting with?

You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.

How do I pay, and is there a payment gateway?

Payment is by direct bank transfer to Prospire Network Private Limited's published account (CIN U82300UP2025PTC233622), shown to you in-app at the payment step. There is no card gateway and no escrow. Never pay to a personal account or to any account shared over phone, WhatsApp or email — even if the person claims to be from our team.

How long does settlement take?

After you accept an allocation, you have a short window to pay (typically 2 days). Once payment is verified, shares are usually credited to your demat within 2–3 business days, subject to depository timelines and any company-level restrictions. Timeframes are typical, not guaranteed.

There are no separate platform fee lines and no GST on the transfer — the desk's margin is built into the buy/sell price you're quoted. The only statutory add-on on a purchase is stamp duty on the consideration, shown transparently in your cost breakdown.

Is there a minimum ticket size for Usher Agro?

Minimums vary by company and depend on the lot the desk can source. Raise an enquiry and the desk will confirm the available quantity and the minimum for that name.

What KYC do I need, and do I need a demat account?

You'll share your demat details when you enquire so we can settle directly. Full KYC — PAN and a client-master / demat statement — is required before the transfer step, when shares actually change hands. Yes, you need an active demat account to hold unlisted shares.

Are there lock-ins on unlisted or pre-IPO shares?

Some shares carry statutory or company-imposed lock-ins — for example, a post-listing lock-in on pre-IPO stock — and transfers can be subject to the company's articles or approvals. Where a lock-in applies, we'll flag it before you commit.

How do I sell Usher Agro shares I already hold?

Raise a sell enquiry with the company, quantity and your target price. The desk confirms a buying price, you transfer your shares into the desk's demat, and once the credit is verified we pay you out by bank transfer to your registered account. The desk never pays out before your shares are received.

Unlisted shares are illiquid, may be hard or impossible to sell, and are not covered by exchange settlement guarantees or investor-protection funds. Pricing is indicative, not live. Read the full Risk Disclosure before you enquire, and invest only what you can afford to lock away.

Usher Agro Unlisted Share Price | Buy Usher Agro Pre-IPO Shares — wisefolio

Investment Thesis

Usher Agro Limited is a delisted agro processing company that was removed from stock exchanges in October 2020 at ₹1.45 per share through procedural delisting. Its current grey market price of ₹0.05 reflects a near-total erosion of value. The company had been engaged in rice milling and agro processing with operations in Uttar Pradesh. Given its delisted status and absence of recent public disclosures, it presents very high risk for investors.

Pros

Usher Agro was formerly a listed company on BSE/NSE engaged in rice milling and agro processing with processing facilities in Uttar Pradesh.
The company had established rice processing and milling operations serving both domestic and export markets.

Cons

Delisted on 19 October 2020 at a delisting price of ₹1.45 per share through procedural delisting along with 7 other companies, indicating governance or compliance failures.
Current price of ₹0.05 is significantly below the delisting price of ₹1.45, indicating continued deterioration of perceived value in the unofficial market.

Business Segments

Rice Milling & Processing

Processing and milling of rice for domestic consumption and export, operating milling units in Uttar Pradesh.

Agro Products Trading

Trading of agricultural commodities and processed food products.

Revenue Model

Revenue was generated through rice milling, processing, and sale of agro products including rice and by-products such as rice bran oil. The company served both domestic distributors and export markets.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds6

Growth Plans

Potential revival if promoters undertake restructuring of the agro processing business.

India's agro processing sector continues to grow, providing potential if operations are revived.

Industry Tailwinds

Potential revival if promoters undertake restructuring of the agro processing business.

India's agro processing sector continues to grow, providing potential if operations are revived.

Recent Developments

Procedural Delisting

Usher Agro Limited was delisted from Indian stock exchanges on 19 October 2020 at a delisting price of ₹1.45 per share as part of a procedural delisting of 8 companies.

2020-10

Comparable Companies

CompanyTypeTickerMkt Cap

KRBL LimitedPE: ~18xxListedKRBL~6000 Cr

LT FoodsPE: ~20xxListedLTFOODS~4500 Cr

KRBL LimitedListed

KRBL · ~6000 Cr

PE: ~18xx

LT FoodsListed

LTFOODS · ~4500 Cr

Frequently Asked Questions

About Usher Agro

Usher Agro Limited is a Mumbai-based agro processing company incorporated on 20 December 1996 under CIN L01100MH1996PLC100380. The company was engaged in the procurement, processing, and trading of agricultural commodities, primarily rice and related food products. At its peak, Usher Agro operated processing facilities and was involved in the supply chain of milled rice and other agro products. The company faced severe financial distress in the mid-2010s, accumulating significant debt with lenders including public sector banks. Following defaults on loan obligations, the Corporate Insolvency Resolution Process (CIRP) was initiated against the company on March 21, 2018 under the Insolvency and Bankruptcy Code (IBC) 2016. The NCLT Mumbai Bench issued an order for liquidation on 7 March 2019 after no resolution plan was successfully approved within the permitted timeframe. Pursuant to the NCLT liquidation order, the powers of the Board of Directors were suspended and vested in the Resolution Professional (and subsequently the Liquidator). The company's CIN begins with 'L', indicating it was originally listed on stock exchanges, though trading has effectively ceased and the entity is non-operational for all practical purposes. Financial metrics reflect the company's distress: EPS of ₹-140.13, Return on Capital Employed of -290.56%, and a 3-year stock return of approximately -62.36%. The company's assets are being liquidated under the supervision of the NCLT-appointed Liquidator to repay creditors. Usher Agro serves as an important cautionary example of the risks associated with agro commodity businesses that carry high leverage and are exposed to commodity price volatility, supply chain disruptions, and liquidity mismanagement. For investors, the company is essentially in a terminal state with no operational activity and ongoing liquidation proceedings. Any residual value will be distributed to creditors in the priority waterfall defined under the IBC, leaving equity holders with negligible recovery prospects. Potential investors should exercise extreme caution. The company is not suitable for investment and its unlisted or formerly-listed shares carry no practical value in the current state.

Key Milestones

Common questions about unlisted shares

How do I buy Usher Agro unlisted shares here?
Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.
Who am I actually transacting with?
You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.
How do I pay, and is there a payment gateway?
Payment is by direct bank transfer to Prospire Network Private Limited's published account (CIN U82300UP2025PTC233622), shown to you in-app at the payment step. There is no card gateway and no escrow. Never pay to a personal account or to any account shared over phone, WhatsApp or email — even if the person claims to be from our team.

Usher Agro Limited

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