Flora Corporation Limited will hold a board meeting on October 23, 2026, to evaluate a proposal for raising funds to augment its financial resources.

The company informed the BSE that the meeting will be held at its registered office in Secunderabad. The primary agenda is to assess options for issuing equity shares or convertible equity warrants. The board may also decide on other permissible methods of fund raising as deemed appropriate.

Regulatory approvals required

Any decision regarding the issuance of shares or warrants will be subject to necessary regulatory and statutory approvals. This includes obtaining approval from the shareholders of the company for the proposed fund raising exercise. The board retains the discretion to determine the specific method of capital infusion.

Trading window closure

In compliance with the SEBI (Prohibition of Insider Trading) Regulations and the company's internal code of conduct, the trading window has been closed. This restriction applies to all insiders, including designated persons and their immediate relatives, effective October 19, 2026. The window will remain closed until 48 hours after the declaration of the board meeting outcome.

Flora Corporation Limited shareholders approved the adoption of audited financial statements for FY26 and the re-appointment of a director at its 38th Annual General Meeting. The resolutions passed with a requisite majority, reflecting strong shareholder confidence in the company's governance and performance.

The meeting was conducted through Video Conferencing and Other Audio Visual Means on September 26, 2026, in compliance with regulatory guidelines. Members adopted the audited financial statements for the financial year ended March 31, 2026, along with the Board of Directors' report and the Auditors' report.

Voting Results Overview

The scrutinizer, Mr. Piyush Gandhi of M/s. Piyush Gandhi & Associates, submitted his report on September 28, 2026, confirming that all resolutions were passed with requisite majority. The voting was conducted via remote e-voting and e-voting during the AGM, facilitated by CDSL.

Meeting Proceedings and Attendance

The meeting commenced at 12:00 pm and concluded at 12:25 pm. Rajesh Gandhi, Whole-Time Director and CFO, served as the Chairman of the Board. The requisite quorum was present through video conferencing. No clarifications were sought by shareholders during the open floor discussion.

Scrutinizer Report Details

Mr. Piyush Gandhi, Proprietor of M/s. Piyush Gandhi & Associates, served as the scrutinizer to supervise the e-voting process. The remote e-voting period remained open from September 23, 2026, to September 25, 2026. The votes cast were unblocked on September 28, 2026, after the conclusion of the AGM.

The Company Secretary briefed members on the e-voting facility provided by CDSL. The consolidated results indicated that public non-institutional shareholders constituted the primary voting base, as promoter group participation was not recorded in the voting data provided.