THIS IS IN FURTHERENCE TO OUR LETTER DATED 25TH SEPTEMEBR 2025 WE HEREBY INFORM THAT THE SHAREHOLDERS OF THE COMPANY AT THE 58TH AGM HELD ON 25TH SEPTEMBER 2025 HAS APPROVED THE INCREASE ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
At the 58th AGM held on 25th September 2025, shareholders of the company (formerly Bangalore Fort Farms Limited) approved several key proposals. The authorised share capital was increased fivefold from Rs. 5 crores to Rs. 25 crores, with a corresponding amendment to the Memorandum of Association. Mr. Mahendra Singh was re-designated from Managing Director to Whole-time Director, and Mr. Deepak Kandoi (a Chartered Accountant) was appointed as the new Managing Director for a five-year term. Three new Independent Directors — Mr. Pranay Tandon, Mr. Rajat Sharma, and Ms. Nimisha Srivastava — were also appointed for five-year terms. Additionally, the company's name was changed from Bangalore Fort Farms Limited to Grameva Limited, following MCA approval.
The sharp increase in authorised share capital suggests the company is preparing for a future fundraising or equity issuance, which could dilute existing shareholders depending on how the expanded limit is used. The major board reshuffle and rebranding signal a strategic pivot for the company under new leadership.