Notice of 27th Annual General Meeting.
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Mayank Cattle Food Limited has called its 27th AGM on September 25, 2025 at 12:00 PM at its registered office in Rajkot, Gujarat, with remote e-voting open from September 21 to September 24, 2025. Shareholders will vote on adopting audited standalone and consolidated financial statements for FY ended March 31, 2025, reappointing Mr. Mayank Bharatkumar Vachhani as director (retiring by rotation), and ratifying the cost auditor's remuneration of Rs. 27,000 for M/s Tadhani & Co. Two special business items seek shareholder approval to appoint Mr. Vimal Bachubhai Virani and Mr. Hitesh Naranbhai Parsana as Non-Executive Independent Directors for 5-year terms. The company also seeks approval to reallocate Rs. 74.17 Lakhs of unutilized IPO proceeds (out of Rs. 19.44 Crores raised) from plant & machinery and issue expenses toward working capital, and to grant a loan of up to Rs. 15 Crores at 10% per annum to its subsidiary Nanogen Agrochem Private Limited.
Shareholders are being asked to approve a change in how leftover IPO money is spent (shifting from capex to working capital) and to authorize a potentially significant Rs. 15 Crore loan to a subsidiary, which could affect the company's cash position. The appointment of two new independent directors should strengthen board governance.