Pursuant to regulation 30 read with Para A, Part A of Schedule III of SEBI (LODR) Regulation , 2015, please find attached the summary of proceedings of the EGM held on Monday the 28th ....
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Nagarjuna Agri-tech Limited held its 1st Extra Ordinary General Meeting (EGM) on July 28, 2025 at 3:30 PM via video conferencing, with 33 members participating. Mr. Rajesh Shaw chaired the meeting and eight special resolutions were put to vote. Key resolutions included increasing authorised share capital and altering the capital clause of the Memorandum of Association, adopting a new MoA with amended object and capital clauses, and raising borrowing limits beyond paid-up capital and free reserves. The company also sought approval to give loans, inter-corporate deposits, and guarantees exceeding Section 186 limits. Four director-related resolutions were passed, including the appointment of Mr. Sumit Sengupta as Managing Director and Mr. Rajesh Shaw as Whole Time Director (both with remuneration), and the appointment of Mr. Altab Uddin Kazi and Mr. Chandan Ghosh as Non-Executive Independent Directors. Remote e-voting was open from July 25-27, 2025, with venue voting available at the meeting, and the scrutinizer was given 48 hours to submit the consolidated voting report.
The EGM signals a significant restructuring phase for the company — expansion of borrowing limits and changes to authorised capital suggest upcoming fund-raising or business expansion. The appointment of a Managing Director and Whole Time Director indicates a move towards formalising leadership, which could attract investor attention.