IN CONTINUATION OF OUR LETTER DATED 25TH SEPTEMBER 2025, ENCLOSING THEREIN THE PROCEEDINGS OF 58TH ANNUAL GENERAL MEETING HELD THROUGH VIDEO CONFERENCING/OTHER AUDIO VISUAL MEANS, PLEASE ....
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Bangalore Fort Farms Limited held its 58th AGM on September 25, 2025, via video conferencing. All 9 resolutions were passed by shareholders with overwhelming support (approximately 99.99% in favour on 39.06 lakh votes polled, representing 81.40% of total share capital). Key items approved include adoption of FY25 audited financial statements, re-appointment of Mr. Mahendra Singh as Director, his re-designation from Managing Director to Whole-Time Director, appointment of Mr. Deepak Kandoi as the new Managing Director, appointment of three new Independent Directors (Mr. Pranay Tandon, Mr. Rajat Sharma, and Ms. Nimisha Srivastava), increase in authorized share capital, and crucially, approval for a change of the company's name to Grameva Ltd. The total shareholder base on the record date (September 18, 2025) was 1,555 members.
The near-unanimous voting signals strong shareholder consensus and is largely procedural. The most material takeaways for investors are the leadership reshuffle (new MD and three fresh Independent Directors), the planned increase in authorized share capital (which could enable future fundraising or issuance), and the corporate rebranding to 'Grameva Ltd', indicating the company is repositioning itself.