In terms of Regulation 30 read with schedule III of the SEBI (LODR) Regulations, 2015, we enclose the notice convening 58th AGM of Bangalore Fort Farms Limited scheduled to be held on Thursday, ....
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Bangalore Fort Farms Limited (BSE: 539120, CSE: 012644) has issued the notice for its 58th AGM, scheduled for Thursday, 25 September 2025 at 11:00 AM via video conference. The AGM covers several major items: adoption of FY2024-25 audited financials, a 5x increase in authorized share capital (from Rs. 5 Crore to Rs. 25 Crore), re-designation of Mahendra Singh from Managing Director to Whole-Time Director, appointment of Deepak Kandoi as the new Managing Director, induction of three new Independent Directors (Pranay Tandon, Rajat Sharma, Nimisha Srivastava), and a proposal to change the company name to Grameva Limited or Grameva Fort Farms Limited. For FY2024-25, the company reported gross revenue of Rs. 41.41 Crore (up 10.9% YoY), net profit of Rs. 0.49 Crore (up 44% YoY), and net worth of Rs. 8.22 Crore. The e-voting window runs from 22-24 September 2025, with the cut-off date set at 18 September 2025.
Shareholders will vote on a substantial 5x expansion of authorized share capital, a complete top-management reshuffle, a proposed company name change to Grameva, and the reconstitution of the board. While FY24-25 results show steady topline growth and a 44% jump in net profit, the absolute profitability remains thin, making the capital raise and leadership changes key items for shareholder attention. The proposed name change and capital expansion could signal future fundraising or strategic pivots.