Intimation of Proceeding of the 27th Annual General Meeting held on 25th September 2025 of the company.
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Mayank Cattle Food Limited held its 27th AGM on September 25, 2025, from 12:00 PM to 1:00 PM in Rajkot, Gujarat, chaired by CMD Mr. Bharatkumar Popatlal Vachhani. Seven resolutions were taken up: adoption of audited standalone and consolidated financial statements for FY ended March 31, 2025; re-appointment of Mr. Mayank Bharatkumar Vachhani as a director retiring by rotation; ratification of Cost Auditors' remuneration; and appointment of two new Non-Executive Independent Directors, Mr. Vimal Bachubhai Virani and Mr. Hitesh Naranbhai Parsana. Additionally, shareholders approved a variation in the object clause of the company's January 2024 IPO prospectus to allow a change in the use of issue proceeds, and approved granting a loan to its subsidiary Nanogen Agrochem Private Limited under Section 185 of the Companies Act, 2013. The statutory auditor gave a clean report with no qualifications, while the secretarial auditor's observations were read out and addressed in the Board's Report. E-voting was conducted via CDSL from September 21-24, 2025, with M/s. Dixit Shah and Associates acting as scrutinizer.
The meeting was largely procedural with routine items like financial statement adoption and director re-appointment, but the two new independent director appointments strengthen board independence, and the approved variation in IPO proceeds usage and loan to the subsidiary are decisions shareholders should monitor closely as they affect how the company's recently raised IPO money will be deployed.