Outcome of 37th AGM held on Saturday, 27th September, 2025
Awaiting price reaction for this filing.
Nagarjuna Agri Tech Ltd held its 37th Annual General Meeting on September 27, 2025, via video conferencing, attended by 28 members and chaired by Managing Director Mr. Sumit Sengupta. Eight resolutions were put to vote, including adoption of audited financials for FY ending March 31, 2025, appointment of new statutory auditor M/s. Agarwal Khetan & Co for five years, re-appointment of Whole-time Director Rajesh Shaw, and appointment of a new secretarial auditor. The Chairman highlighted that the proposed acquisition of M/s. Kathleen Confectioners and 100% investment in M/s. Kathleen Food Private Limited (to make it a wholly-owned subsidiary) will expand the company's geographic footprint into North East states, West Bengal, Bihar, Jharkhand, with future plans in Uttar Pradesh and Odisha. Two related party transaction resolutions with Allenby Food & Beverages Private Limited were also approved for factory premises and machinery usage. Voting results from the scrutinizer's report are awaited within 48 hours.
Shareholders should watch for the scrutinizer's voting results, expected shortly. The Kathleen acquisition and subsidiary creation signal a strategic push into FMCG distribution and bakery segments, potentially expanding revenue streams but also introducing integration risk. Related party transactions with Allenby Food & Beverages warrant attention as they involve connected parties.