With reference to Notice dated 29th August 2025 convening the 58th AGM of the Company to be held at 25.09.2025, shareholders are hereby informed that an addition has been made to the Explanatory ....
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Bangalore Fort Farms Limited (proposed to be renamed Grameva Ltd) has filed an update to its 58th AGM notice scheduled for 25 September 2025, along with its Annual Report for FY 2024-25. For the year, the company reported Gross Revenue of Rs. 41.41 crore, up 10.9% from Rs. 37.34 crore, and Net Profit After Tax of Rs. 49 lakh, a 44% jump from Rs. 34 lakh. Net Worth stood at Rs. 8.22 crore with low debt. Shareholders will vote on several key items: changing the company name to Grameva Limited, increasing Authorised Share Capital from Rs. 5 crore to Rs. 25 crore, re-designating current MD Mahendra Singh as Whole-Time Director, appointing Deepak Kandoi as the new Managing Director, and adding three new Independent Directors (Pranay Tandon, Rajat Sharma, Nimisha Srivastava).
The agenda signals a phase of expansion — the 5x hike in authorised capital hints at possible fundraising or equity issuance ahead, while the management reshuffle brings in a new MD. The proposed name change to Grameva Ltd reflects a broader identity shift away from its Bangalore-focused farm origins. For shareholders, the strong profit growth is a positive, but the capital expansion could dilute equity if shares are eventually issued.