In continuation of our previous communication and in line with Regulation 34 of the SEBI (LODR), 2015, (Listing Regulations), attached herewith is the Notice and the Explanatory Statement ....
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Satchmo Holdings has called its 22nd AGM on Tuesday, June 30, 2026 at 9:00 AM, to be held via video conferencing. Shareholders will vote on five items: (1) adoption of the audited FY26 standalone and consolidated financial statements, (2) re-appointment of Mr. Ramesh Karur Raghavendran (Whole-time Executive Director – Finance & CFO) who retires by rotation, (3) re-appointment of Mr. L.S. Vaidyanathan as Whole-time Director (Executive Director – Business Development) for 14 months from June 1, 2026 to July 31, 2027 with a basic salary of Rs 95.85 lakh per annum plus performance pay up to Rs 32.85 lakh, (4) approval of material related party transactions for FY27, and (5) approval to make investments, loans and guarantees to Satchmo Services Pvt Ltd (wholly owned subsidiary) under Sections 185/186. Remote e-voting runs from June 27 to June 29, 2026, with cut-off date June 23, 2026.
Items 3 and 5 are Special Resolutions needing 75% shareholder approval. Shareholders should note the resolution on Mr. Vaidyanathan's appointment explicitly mentions obtaining NOCs from banks/financial institutions where loans have been defaulted, and references a 'turnaround' of the Company — both signals that the company is under financial stress. Executive remuneration and related party transaction approvals are the key votes to watch.