Change in Management - Regulation 30 of SEBI Listing Regulations, 2015, as amended.
Awaiting price reaction for this filing.
Satiate Agri Limited's board, at its meeting on September 6, 2025, approved a series of management changes. Three new Independent Directors were appointed for 5-year terms: Mr. Swapnil Rathi (Chartered Accountant), Mrs. Garima Mahajan, and Mr. Mohd Tarique, pending shareholder approval at the 38th AGM. Mr. Samyak Jain was appointed as the new Chief Financial Officer and Key Managerial Personnel — notably, he is the son of Managing Director Mr. Sudhir Jain and brother of Mr. Sunit Jain, making this a promoter-family appointment at the KMP level. The board also recommended appointing M/s. S. N. Gadiya & Co. as the new Statutory Auditor and M/s. Ajit Jain & Co. as Secretarial Auditor, both for 5-year terms (FY2025-26 to FY2029-30). Mr. Jai Kumar Doshi was re-appointed as Internal Auditor for FY2025-26.
Shareholders should note the appointment of a promoter family member (son of the Managing Director) as CFO, which concentrates financial oversight within the promoter family and may be viewed by some investors as a governance concern. The wide-scale board refresh with three new Independent Directors and new auditors signals a substantial restructuring of the company's governance framework ahead of the upcoming AGM.