Gayatri BioOrganics Limited shareholders approved a special resolution to change the company's name to Ananth BioOrganics Limited during its 35th Annual General Meeting held on September 23, 2026. The move marks a significant corporate identity shift for the entity.

The meeting, conducted via video conferencing, also ratified the re-designation of Sreedhara Reddy Kanaparthi from Whole-Time Director to Chairman and Managing Director. This change in leadership title was passed alongside other statutory approvals, including the adoption of new Memorandum and Articles of Association compliant with the Companies Act, 2013.

Voting results and attendance

A total of 53 members attended the virtual meeting, representing public non-institutional shareholders. No promoters or promoter group members voted at the AGM, with all votes polled coming from the public category. The total number of shares on record was 78,788,142, of which 23,816,731 shares voted, representing 30.23% of outstanding shares.

Scrutinizer's report details

M/s. Vivek Surana & Associates, appointed as scrutinizers pursuant to Section 108 of the Companies Act, 2013, submitted their report confirming the fair and transparent conduct of the e-voting process. The remote e-voting window opened on September 20, 2026, at 9:00 am and closed on September 22, 2026, at 5:00 pm. Electronic voting at the AGM remained open for an additional 15 minutes after the meeting concluded at 11:22 am.

The scrutinizer verified that notices were dispatched electronically on September 1, 2026, and advertisements were published in Financial Express (English) and Nava Telangana (Telugu) on September 2, 2026. The cut-off date for voting rights was September 16, 2026. The report confirmed that all electronic data and records were handed over to the Chairman for safekeeping after unblocking the votes in the presence of two witnesses.

Governance and compliance updates

The board adopted new constitutional documents to align with current regulatory frameworks. The re-appointment of Sreedhara Reddy Kanaparthi, who retires by rotation, was approved by ordinary resolution. The company reported that all six resolutions were passed successfully, with negligible dissenting votes recorded across both ordinary and special business items.

The scrutinizer appointed for the voting process was Vivek Surana of M/s. Vivek Surana & Associates. The meeting commenced at 11:00 am and concluded at 11:22 am. The company's statutory auditor, M/s. MGR & Co., and secretarial auditor, M/s. Vivek Surana & Associates, were present virtually.

Gayatri BioOrganics will hold its 35th Annual General Meeting on September 23, 2026. The meeting agenda includes a proposed name change to Ananth BioOrganics Limited and a leadership restructuring.

The company reported a net loss of ₹111.18 lakh for FY26, an increase from the ₹72.65 lakh loss recorded in FY25. Revenue from operations remained at zero for both periods.

Corporate Restructuring

Shareholders are being asked to approve a special resolution to change the company’s name from Gayatri BioOrganics Limited to Ananth BioOrganics Limited. The board stated this move aims to reflect new ownership, management structure, and future business objectives without altering the main objects or nature of the business.

Additionally, members are sought to approve the change in designation of Mr. Sreedhara Reddy Kanaparthi from Whole-time Director to Chairman and Managing Director. This appointment is effective from August 5, 2026, for a three-year term initially without remuneration.

Financial Performance

The company did not generate any revenue during FY26 or FY25. The widening loss was driven by higher finance costs and other expenses.

Total assets stood at ₹171.75 lakh as on March 31, 2026, compared to ₹166.35 lakh in the previous year. Borrowings increased significantly, with non-current borrowings rising to ₹3,523.14 lakh from ₹349.73 lakh.

What the Numbers Show

The surge in borrowings contrasts sharply with the absence of operating revenue. Non-current borrowings grew nearly tenfold year-on-year, while the company continued to report zero income from operations. This indicates that the increase in debt was not funded by operational cash flows but likely through external financing or related-party loans, as noted in the balance sheet disclosures regarding loans from directors and other entities.

Governance Updates

The AGM will also see the re-appointment of Mr. Sreedhara Reddy Kanaparthi as a director. The company has adopted new Memorandum and Articles of Association to align with the Companies Act, 2013. Two independent directors, Mr. Ramachandra Seshaprasad Chodavarapu and Mr. Murali Vittala, resigned during the year citing advancing age, while Mr. Srinivas Iduri was appointed as an independent director.