Please find enclosed the Notice of Extra Ordinary General Meeting of the Company schedule to be held on Monday, the 28th day of July, 2025 at 3:30 PM through Video Conferencing / Audio ....
Awaiting price reaction for this filing.
Nagarjuna Agri Tech Ltd has called an EGM on Monday, 28 July 2025 at 3:30 PM via video conferencing. Shareholders will vote on 8 key resolutions, including a sharp increase in authorised share capital from Rs. 10 crore to Rs. 30 crore (divided into 3 crore equity shares of Rs. 10 each). The company proposes to completely overhaul its Memorandum of Association, shifting its core business objects from agri-tech to a wide range of food and beverage activities such as manufacturing, QSRs, cloud kitchens, and digital/quick commerce food delivery. Other resolutions seek approval for loans, guarantees and investments up to Rs. 500 crore under Section 186, and an increase in borrowing limits to Rs. 100 crore. Four director appointments are proposed, including Mr. Sumit Sengupta as Managing Director and Mr. Rajesh Shaw as Whole-Time Director (each for 3 years at Rs. 48 lakh remuneration), along with two Independent Directors.
This signals a major strategic pivot for Nagarjuna Agri Tech from its existing agri-tech focus into the food & beverage and QSR space, accompanied by a possible equity dilution given the 3x jump in authorised capital. New management and a wider borrowing/investment mandate (Rs. 500 crore + Rs. 100 crore) suggest the company is gearing up for aggressive expansion, which shareholders should weigh carefully.