Outcome of the Meeting of Board of Directors of the Company held on Monday, May 11, 2026.
Awaiting price reaction for this filing.
Satiate Agri Limited's Board of Directors has accepted resignations from two Key Managerial Personnel effective May 10, 2026. Mr. Sudhir Jain has resigned from the position of Managing Director citing personal and unavoidable circumstances. Mr. Samyak Jain has resigned from the position of Non-Executive Non-Independent Director and Chief Financial Officer citing personal reasons. Both individuals confirmed there are no material reasons for their resignations beyond what was stated. Mr. Sudhir Jain also ceases to be a member of the Stakeholders' Relationship Committee. The board meeting was held on May 11, 2026 and concluded at 6:30 PM IST.
The simultaneous resignation of both the Managing Director (CEO) and CFO (KMP) on the same day is a significant governance event. With both top executives leaving, the company faces immediate leadership gaps that could create uncertainty for investors until replacements are appointed.