AGM of the Company held on September 27, 2025.
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SC Agrotech Ltd held its Annual General Meeting on September 27, 2025, where all 12 resolutions were passed with 100% approval. The company had 19,644 shareholders on the record date (September 20, 2025), but voting turnout was extremely thin — only 33 shareholders representing 4,424 shares (0.007% of outstanding shares) voted. Key resolutions included adoption of FY25 audited financials, appointment of M/s. Marks & Co. as statutory auditors, regularization of several directors (including Managing Director Mr. Pratikkumar Patel and Executive Director Mr. Suchitkumar Patel), and appointment of two independent directors. Importantly, the shareholders also approved (i) shifting the registered office from Delhi to Ahmedabad, Gujarat, (ii) an increase in authorised share capital, and (iii) a preferential issue of up to 7 crore fully convertible equity warrants in one or more tranches.
The passing of the 7 crore convertible warrants issue is the most significant outcome — if all warrants are converted, this represents a very large potential dilution to existing shareholders, warranting close attention to the pricing and identity of allottees. The office shift from Delhi to Gujarat and increase in authorised capital indicate the company is preparing for a meaningful capital expansion. The 100% in-favor vote should be viewed cautiously given the negligible voting turnout.