THIS IN FURTHERENCE TO OUR LETTER DATE 25TH SEPTEMBER, 2025 WE HEREBY INFORM THAT THE SHAREHOLDERS OF THE COMPANY AT THE 58TH AGM HAS APPROVED THE CHANGE OF NAME OF THE COMPANY FROM BANGALORE ....
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Shareholders of Bangalore Fort Farms Limited approved several key proposals at the 58th AGM held on 25th September 2025. The company will now be known as Grameva Limited, with the name change cleared by the Ministry of Corporate Affairs. The authorised share capital has been increased five-fold from Rs. 5 crores to Rs. 25 crores, signaling room for future fundraising or expansion. The leadership team has been refreshed: Mr. Mahendra Singh (DIN: 07692374) was re-designated from Managing Director to Whole-time Director, while Mr. Deepak Kandoi (DIN: 11074878), a Chartered Accountant, was appointed as the new Managing Director for a five-year term until 24th September 2030. Three new Independent Directors – Mr. Pranay Tandon, Mr. Rajat Sharma (a Company Secretary), and Ms. Nimisha Srivastava (a law graduate) – were also appointed for five-year terms each, significantly expanding the board.
The name change to Grameva signals a possible strategic rebrand, while the sharp jump in authorised capital suggests the company may be preparing for equity issuance or acquisitions. A newly constituted board with professional expertise in finance, law, and governance may bring more discipline, though the stock (BSE: 539120) is a small-cap and could see limited immediate price reaction beyond these structural changes.