Grameva Limited has announced a board meeting scheduled for Saturday, April 11, 2026, at 12:30 PM to consider various business proposals under Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015. The meeting will be conducted at the company's registered office located at 164/1, Maniktala Main Road, Mani Square Mall, Room No. 7E, 7th Floor, Kankurgachi, Kolkata 700054, with provisions for video conferencing participation.

Key Agenda Items

The board meeting will address several important business matters, including auditor appointments and strategic expansion initiatives. The comprehensive agenda demonstrates the company's focus on strengthening its governance structure while pursuing growth opportunities in the agricultural sector.

Agricultural Expansion Strategy

The board will deliberate on four significant expansion projects that align with the company's agricultural focus. These proposed units represent a diversified approach to agricultural business development:

• Layer Farming Unit: Expansion into poultry egg production
• Feed Mill Project: Development of animal feed manufacturing capabilities
• Piggery Unit: Entry into pig farming operations
• Aquaculture Unit: Fish farming and aquatic product development

Corporate Governance Matters

The meeting will also address important governance appointments for the upcoming fiscal year. The board will consider approving M/s. Tibrewalla & Associates, Chartered Accountants, as the company's internal auditor for FY 2026-27. Additionally, the appointment of a secretarial auditor for the same period will be evaluated to ensure compliance with regulatory requirements.

Meeting Logistics

The hybrid meeting format allows for both physical and virtual participation, ensuring comprehensive board member attendance. The company has notified both Bombay Stock Exchange Limited and Calcutta Stock Exchange Limited about the scheduled meeting as per regulatory requirements. Grameva Limited, formerly known as Bangalore Fort Farms Limited, continues to maintain its registered office in Kolkata while expanding its agricultural operations.

Grameva Limited (formerly known as Bangalore Fort Farms Limited) is the subject of an open offer announcement by a consortium of acquirers seeking to purchase a significant stake in the company. The offer, managed by VC Corporate Advisors Private Limited, targets public shareholders under the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Acquirer Details and Offer Structure

The open offer is being made by three entities collectively referred to as the "Acquirers":

The acquirers seek to purchase up to 12,47,844 equity shares of Rs. 10 face value each, representing 26.00% of Grameva Limited's total paid-up equity and voting share capital.

Offer Terms and Pricing

The Committee of Independent Directors of Grameva Limited has reviewed the offer documentation and opined that the offer price of Rs. 30 per fully paid-up equity share is in accordance with SEBI (SAST) Regulations and appears to be fair and reasonable. The IDC recommendation dated March 24, 2026 was published in multiple newspapers on March 25, 2026.

Timeline and Process

The open offer follows a structured timeline as mandated by SEBI regulations:

Key Updates and Material Changes

Several material updates have been incorporated since the initial public announcement:

• Net Worth Revision: Jagsakti Merchandise Private Limited's net worth as of December 31, 2025 has been revised from Rs. 19,22,38,399.50 to Rs. 17,59,70,009.50 due to inclusion of applicable tax elements
• Loan Settlement: The outstanding loan of Rs. 2,57,25,621 given by the Target Company to Acquirer II has been settled and paid off
• Documentation: Additional board meeting outcomes from December 08, 2017 regarding preferential issue allotment have been included in inspection documents

Regulatory Compliance and Implementation

The open offer will be implemented through the Stock Exchange Mechanism via a separate Acquisition Window as provided under SEBI (SAST) Regulations. BSE Limited has granted the Acquisition Window to the acquirers through notice no. 20260325-20 dated March 25, 2026. As of the Letter of Offer date, no regulatory or statutory approvals are pending, though the offer remains subject to any additional statutory approvals that may become applicable prior to completion.

Shareholders can participate in the offer through their registered stock brokers for dematerialized shares or through relevant selling brokers for physical shares. The Letter of Offer and Form of Acceptance are available on the websites of SEBI, BSE, CSE, and the Manager to the Offer for shareholders who may not have received physical copies.