Kindly find enclosed the proceedings of the outcome of the EGM held on Monday dated 22.12.2025.
Awaiting price reaction for this filing.
Nagarjuna Agri-tech Limited held its EGM on December 22, 2025, via video conferencing, chaired by Mr. Sumit Sengupta with 17 members in attendance. Eight resolutions were placed before members, including an increase in authorised share capital, a preferential issue of 2,12,86,020 equity shares through a share swap for the 100% acquisition of Allenby Food & Beverages Private Limited, and approval of related party transactions. Further resolutions covered the acquisition of M/s. Rafflesia Confectionary (sole proprietorship) and a 60% stake in AARINII Gourmet LLP, along with changes in director designations and new appointments. The Chairman outlined plans to expand the company's geographic footprint into North East states, West Bengal, Bihar, Jharkhand, and eventually Uttar Pradesh and Odisha, aiming to become a market leader in FMCG distribution and the bakery segment. Voting results are awaited as the scrutinizer's report will be submitted within 48 hours.
This EGM signals significant expansion through acquisitions in the food and confectionery space, potentially diversifying revenue streams but also increasing share dilution via the preferential swap issue. Shareholders should watch for the scrutinizer's voting results, as several special resolutions require a higher approval threshold, and the acquisitions could materially reshape the company's business going forward.