Adon Agro Commodities Limited has entered into a loan agreement with IDBI Bank Limited to avail a revolving working capital facility of ₹10 crore (₹1,000 lakh). This financing is intended to support the company's working capital requirements.

The disclosure was made to the BSE on September 23, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The facility is structured as a Revolving WHR Demand Loan.

Terms of the Facility

The loan agreement specifies an interest rate pegged to the bank's Retail Linked Lending Rate (RLLR) plus a spread. The current RLLR stands at 8.15% per annum.

The initial sanction remains valid for a period of 12 months. It is subject to annual review and renewal, contingent upon the outstanding dues in the account being fully cleared. The company noted that there are no Cash Management (CM) charges as the facility is financed against e-NWR (electronic Negotiable Warehouse Receipts).

Strategic Implications

This facility provides Adon Agro with flexible liquidity to manage its operational cash flow needs. By securing a revolving line of credit, the company can draw down funds as required and repay them when surplus cash is available, optimizing interest costs compared to a term loan. The use of e-NWR collateral suggests the company is leveraging its inventory holdings, likely agricultural commodities given its sector, to secure financing.

Adon Agro Commodities Limited’s board of directors reappointed Managing Director Narayanswamy Venkitkrishnan and approved the Board’s Report for the financial year ended March 31, 2026. The company also scheduled its fifth annual general meeting (AGM) for October 3, 2026.

The board meeting concluded at 5:55 pm on September 8, 2026. Directors approved the notice for the AGM, which is set to begin at 11:00 am on October 3, 2026. The meeting will seek shareholder approval for the director’s reappointment and other statutory matters.

Director Reappointment Details

Mr. Narayanswamy Venkitkrishnan, aged 45, was liable to retire by rotation. He has offered himself for reappointment subject to shareholder approval. Mr. Venkitkrishnan serves as the Managing Director and brings over 14 years of experience in the commodity market.

The disclosure confirmed that Mr. Venkitkrishnan is not debarred from holding office by any SEBI order or authority. His wife, Jigisha Narayanswamy, serves as Executive Director of the company.

Corporate Governance Actions

The board appointed a scrutinizer to conduct the e-voting process for the upcoming AGM. This appointment ensures compliance with regulatory requirements for shareholder voting procedures.

The company filed these disclosures pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The information was also uploaded to the company’s website.