We hereby submit the revised the outcome of the Board Meeting held on 19.12.2025
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Super Crop Safe's board approved issuing up to 1,17,44,731 equity shares at Rs.13 each (face value Rs.2), aggregating up to Rs.15.27 crore, on a preferential basis to non-promoters for converting outstanding unsecured loans into equity. The allottees are Wherrelz IT Solutions Limited (38,46,154 shares) and Voltrix INC (78,98,577 shares). An Extra-Ordinary General Meeting is scheduled for January 19, 2026 to seek shareholder approval. Additionally, the board appointed Mr. Satish I Patel as Whole-Time Director & CEO for three years (till December 18, 2028), replacing the late Mr. Ishwarbhai B Patel who ceased from close of business on August 27, 2025.
Existing shareholders will see meaningful dilution as over 1.17 crore new shares will be issued, though the debt-to-equity conversion may strengthen the balance sheet. The CEO transition due to the prior CEO's death brings leadership continuity under Mr. Satish Patel, who has over 30 years of agro-chemical experience.