As per SEBI LODR regulations, we are enclosing herewith Notice of EGM of the Company scheduled to be held on Monday, 22nd December, 2025 at 5:00 PM (IST). The said notice is also available ....
Awaiting price reaction for this filing.
Nagarjuna Agri-Tech has called an EGM on 22 December 2025 to consider eight resolutions. The biggest item is acquiring 100% of Allenby Food & Beverages Pvt Ltd through a share swap, issuing 2,12,86,020 new equity shares at Rs. 68 each (aggregating ~Rs. 144.7 crore) at a 15:1 exchange ratio — promoters of both companies are the same. To accommodate this and future issuances, the company plans to raise its authorised share capital from Rs. 30 crore to Rs. 35 crore. Two smaller acquisitions are also on the table: Rafflesia Confectionary (a sole proprietorship) for Rs. 3 crore and a 60% stake in Aarinii Gourmet LLP for Rs. 3.75 crore. On the management front, Mr. Sumit Sengupta will be redesignated from Managing Director to Whole-Time Director (Rs. 48 lakh p.a.), while Ms. Rachna Suman Shaw (currently Additional Director) will be appointed as the new Managing Director at Rs. 60 lakh p.a., and Mr. Somenath Chatterjee will join as a Non-Executive Independent Director for a 5-year term.
For existing shareholders, the share-swap acquisition of Allenby will cause significant equity dilution (~2.12 crore new shares), and the related-party nature of the deal warrants close attention to valuation fairness. The combined effect of three acquisitions signals an aggressive expansion into the food and beverages space, which could change the company's business profile substantially if approvals go through.