Cresanto Global Limited will hold its 34th Annual General Meeting on Monday, August 31, 2026, at 12:00 p.m. (IST) via Video Conferencing/Other Audio Visual Means. The primary objective is to secure shareholder approval for shifting the company’s registered office from Uttar Pradesh to Maharashtra, a move management states will facilitate effective oversight given that directors and key managerial personnel reside in Mumbai. This structural change is critical for operational efficiency and requires a special resolution under Section 13(4) of the Companies Act, 2013.

The Board of Directors approved the proposal on July 23, 2026, citing avoidance of inconvenience. Shareholders must also approve the alteration of Clause II of the Memorandum of Association to reflect the new location in the State of Maharashtra, ROC Mumbai I. Additionally, the meeting will address material related-party transactions (RPTs) and director re-appointments as per regulatory mandates.

Key Dates and E-Voting Timeline

In compliance with Regulation 30, 34, and 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has provided specific timelines for the AGM and remote e-voting. The facility is offered through National Securities Depository Limited (NSDL).

Shareholders are also being asked to ratify existing and future material related-party transactions through an ordinary resolution, as mandated by Regulation 23 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The proposed cap covers transactions with entities having common management or significant influence, extending until the 35th AGM in calendar year 2027.

Related-Party Transaction Caps

The transactions involve loans, services, and corporate guarantees. Interest rates for borrowings from individuals typically range from 8% to 12%, with repayments on demand and a tenure of one year. These facilities are unsecured and intended to meet working capital requirements.

What the Numbers Show

The scale of the proposed related-party transactions is substantial relative to the company’s current operational footprint. With a standalone turnover of just ₹5.39 lakhs in FY26, the proposed RPT limit of ₹45 crore represents a significant potential exposure. Notably, the company reported a Profit After Tax loss of ₹43.03 lakhs in FY26. While the filings state these transactions are at arm’s length and in the ordinary course of business, the high dependency on related-party funding suggests that internal capital generation remains insufficient to support business expansion needs without external promoter support.

In ordinary business, the meeting will see the re-appointment of Hitesh Bajoria as a Non-Executive Director, who retires by rotation. Bajoria, who holds 285,592 equity shares, has attended six board meetings during FY26. The notice was signed by Prashant Nathmal Bajaj, Managing Director, on August 6, 2026, in Mumbai.

Cresanto Global Limited (formerly Raymed Labs Limited) reported a widened standalone net loss of ₹43.03 lakh for the financial year ended March 31, 2026 (FY26), compared to a loss of ₹18.05 lakh in FY25. The packaging and trading company recorded revenue from operations of ₹5.39 lakh against total expenses of ₹50.58 lakh. The Board of Directors has scheduled the 34th Annual General Meeting (AGM) for August 31, 2026, to address strategic structural changes, including the relocation of its registered office from Uttar Pradesh to Maharashtra, and to ratify significant related-party transactions involving promoters and associated entities.

The financial deterioration reflects the transitional phase as the company shifts focus from pharmaceuticals to flexible packaging and trading. While operational revenue remained minimal at ₹5.39 lakh, other income dropped sharply to ₹2.17 lakh from ₹52.59 lakh in the prior year. Total comprehensive income for the year was a loss of ₹43.03 lakh. No dividend was declared, and no transfer to reserves was proposed. Statutory auditors K T P S & Co., Chartered Accountants, confirmed that the financial statements present a true and fair view in conformity with Indian Accounting Standards (Ind AS).

Key Financial Metrics

Strategic Restructuring and Registered Office Shift

The Board seeks shareholder approval to shift the registered office from Noida, Uttar Pradesh, to Mumbai, Maharashtra, under Section 13(4) of the Companies Act, 2013. This move aims to align the corporate structure with the residence of directors and key managerial personnel, facilitating more effective management. The resolution requires confirmation from the Regional Director, Delhi, Northern Region Directorate I. Concurrently, shareholders will vote to alter Clause II of the Memorandum of Association to reflect the new location.

Related-Party Transaction Approvals

Shareholders are asked to approve material related-party transactions (RPTs) under Regulation 23 of the SEBI Listing Regulations. The proposed transactions, valued at up to ₹45 crore in aggregate, involve loans and business arrangements with entities controlled by common key management personnel and individuals with significant influence. These include Cresanto India Private Limited (₹20 crore), Cresanto Industries LLP (₹7.5 crore), and Koriander Consultants LLP (₹7.5 crore). Individual limits of ₹5 crore each are set for promoters Prashant Nathmal Bajaj, Nishant Nathmal Bajaj, Hitesh Bajoria, and Urmila Hansraj Sharma. The Audit Committee reviewed these transactions, noting they are on an arm’s length basis.

What the Numbers Show

The divergence between minimal operational revenue (₹5.39 lakh) and substantial fixed expenses (₹50.58 lakh) highlights the high burn rate during the business transition. With no subsidiary or associate companies and a debt-to-equity ratio of -0.93, the company relies on internal accruals and related-party support to sustain operations. The sharp decline in other income—from ₹52.59 lakh to ₹2.17 lakh—removes a prior-year cushion that had partially offset operating losses, exposing the underlying operational deficit more clearly in FY26.