We wish to inform you that the Board of Directors in their Meeting held today i.e. 01st September, 2025 at the Corporate office of the Company wherein the attached agendas were considered ....
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The Board of Directors of Nagarjuna Agri Tech Ltd met on 1st September 2025 and approved routine annual items including the Directors' Report and Secretarial Audit Report for FY 2024-25. They appointed M/s Agarwal Khetan & Co. as Statutory Auditors for a five-year term and CS Mohit Vanawat as Secretarial Auditor for FY 2025-26 to 2029-30. The Board approved related party transactions with Allenby Food & Beverages Pvt Ltd for leasing a factory premises and using its machinery and tools, subject to shareholder approval. Importantly, the proposals to acquire 14,19,068 equity shares of Allenby Food & Beverages (making it a wholly owned subsidiary) and to issue equity shares on a preferential basis through a share swap were both not passed with the required majority and have been deferred to the next meeting. The 37th AGM date, book closure, and e-voting arrangements were also finalized.
Routine governance approvals are positive for compliance, but the failed votes on the Allenby Food & Beverages acquisition and share swap signal internal board dissent or shareholder concerns, which may delay the company's expansion plans. Investors should watch the next board meeting for clarity on whether the acquisition strategy will proceed, revised, or be dropped.