Outcome of Board Meeting held on 17.02.2026 as per attachment
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Unisem Agritech's board met on February 17, 2026, and approved several routine corporate matters. The board appointed Mr. Sanjeev M Balikai of M/s Neelakari Mahindrakar Associates as Internal Auditor for Q3 and Q4 of FY 2025-26. It also approved related party transactions with Seednet Agri Private Limited, noting they are at arm's length and in the ordinary course of business. Additionally, the board approved the formation of a Gratuity Trust, two vehicle loans and a new Cash Credit facility from Federal Bank for working capital needs, authorization of the Secretarial Auditor, appointment of a Financial Advisor, and an increase in sitting fees for Non-Executive and Independent Directors.
This is largely a housekeeping update covering routine appointments, financing arrangements, and administrative approvals. No material impact on shareholders is expected from these disclosures, though the new Cash Credit facility may strengthen working capital flexibility.