With reference to the Notice dated 29th August, 2025 convening the 58th Annual General Meeting (AGM) of the Company to be held on 25th September, 2025, shareholders are hereby informed ....
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Bangalore Fort Farms Limited filed its Annual Report for FY 2024-25 along with the Notice for its 58th AGM to be held on 25th September 2025 via video conferencing. Revenue grew 10.9% to Rs. 41.41 crores, while net profit jumped 44% to Rs. 0.49 crores. Net worth stood at Rs. 8.22 crores. The AGM will seek shareholder approval for several major actions: a 5x increase in authorised share capital (from Rs. 5 crores to Rs. 25 crores), change of company name to Grameva Limited, re-designation of current MD Mahendra Singh as Whole-Time Director, appointment of Deepak Kandoi as the new Managing Director, and induction of three new Independent Directors (Pranay Tandon, Rajat Sharma, and Nimisha Srivastava).
Shareholders will vote on a substantial 5x expansion of authorised share capital and a leadership change, which could set the stage for a future fundraising or stock split. The proposed name change to Grameva signals a potential rebranding aligned with the company's broader agri-business focus. Strong 44% net profit growth and a debt-light balance sheet are positive, though the small absolute profit base means investors should watch for whether scale-up plans translate into meaningful earnings expansion.