Notice of annual general meeting to be held on September 27, 2025
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SC Agrotech Ltd has called its 35th AGM on September 27, 2025 at 4:00 PM at its Delhi registered office, with e-voting open from September 24–26, 2025. Shareholders will consider routine items including adoption of FY25 audited results, re-appointment of Mr. Sanjay Singhadiya (Non-Executive Director), and appointment of M/s. Marks & Co. as new Statutory Auditors for a term up to the 40th AGM (2030). Several key business items are also on the agenda: regularization of Mr. Pratikkumar Bharatbhai Patel as Managing Director and Mr. Suchitkumar Bipinchandra Patel as Executive Director (both from July 29, 2025), regularization of two Independent Directors (Mr. Rajat Goel and Ms. Richa Arora), appointment of SCS & Co. LLP as Secretarial Auditors for FY26–FY30, and a proposal to shift the registered office from Delhi to Ahmedabad, Gujarat. The most material items are a 10x jump in authorized share capital (from Rs. 7 crore to Rs. 77 crore) and a preferential issue of up to 7 crore fully convertible equity warrants at Rs. 16 each, potentially raising up to Rs. 112 crore from 19 non-promoter allottees.
Existing shareholders should note a possible dilution risk: the proposed 7 crore convertible warrants, if fully exercised, would expand the equity base significantly relative to the current Rs. 7 crore authorized capital. The shift to Gujarat and management reshuffle signal a strategic reset. Outcome of the preferential issue and capital expansion will directly affect shareholding pattern and could pressure the stock depending on allotment pricing and use of funds.