Summary of Proceedings of 38th Annual General Meeting(AGM) of the Company.
Awaiting price reaction for this filing.
Satiate Agri Limited held its 38th AGM on September 30, 2025, at 5:00 PM via video conference, chaired by Mr. Sudhir Jain (Chairman & Managing Director). 20 members attended and the meeting concluded at 5:13 PM. A total of 10 resolutions were transacted, including 4 ordinary and 6 special resolutions. Ordinary business covered adoption of audited FY25 financials, reappointment of Mr. Samyak Jain (CFO) via rotation, and appointment of statutory and secretarial auditors (M/s. Ajit Jain & Co. for 5 years). Special resolutions included approval to create security on company assets up to Rs. 100 crores (Section 180(1)(A)), enhanced borrowing limits (Section 180(1)(C)), and powers to make investments, give loans and guarantees beyond Section 186 limits. Three new Independent Directors — Mr. Swapnil Rathi, Mrs. Garima Mahajan, and Mr. Mohd Tarique — were also appointed via special resolutions. Voting was conducted through remote e-voting and e-voting at the AGM, with results to be submitted separately.
The approval to create security on assets up to Rs. 100 crores and enhanced borrowing/investment powers suggests the company is preparing for significant expansion or debt raise, which shareholders should monitor. Appointment of three new independent directors strengthens board oversight, while auditor reappointments maintain continuity in financial scrutiny.