Grameva Limited concluded its 59th Annual General Meeting (AGM) on August 5, 2026, securing shareholder approval for critical governance matters including the appointment of new statutory auditors and the enhancement of borrowing limits. The meeting, held via Video Conferencing (VC) / Other Audio Visual Means (OAVM), was presided over by Managing Director Deepak Kandoi, who highlighted the company’s strategic transition from its former name, Bangalore Fort Farms Limited, and its focus on business diversification.

The proceedings commenced at 11:00 A.M. with the confirmation of quorum by Company Secretary Milan Bhatia. Chief Financial Officer Bidhan Chandra Roy presented an overview of the financial performance for the financial year ended March 31, 2026, emphasizing operational discipline and future growth plans. The Statutory Auditors' Report and Secretarial Audit Report were taken as read, containing no qualifications or adverse remarks.

Key Resolutions Approved

Shareholders approved several ordinary and special business items. The detailed resolutions passed are outlined below:

Governance and Compliance Details

The appointment of M/s. SDP & Associates, Chartered Accountants, addresses a casual vacancy in the statutory auditor role and secures their tenure for five consecutive years. This move ensures continuity in audit oversight following the resignation of the previous auditors. Additionally, the approvals under Sections 180(1)(c), 180(1)(a), 186, and 185 of the Companies Act, 2013, provide the Board with the necessary flexibility to manage capital allocation, secure financing, and extend guarantees as required for business expansion.

What the Numbers Show

While specific financial figures were not disclosed in the proceedings summary, the successful passage of resolutions related to borrowing limits and related party transactions indicates a structured approach to capital management. The absence of qualifications in the Statutory and Secretarial Audit reports suggests strong compliance adherence during FY26. The re-appointment of Mahendra Singh, who retires by rotation, maintains stability in the boardroom leadership.

The meeting concluded at 12:07 P.M. with a vote of thanks to the Chair. Sneha Agarwal, Practising Company Secretary, served as the Scrutinizer for the e-voting process, ensuring transparency in the voting mechanism compliant with Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Grameva Limited , formerly known as Bangalore Fort Farms Limited, has reclassified Genesis Trade-Links Private Limited from the Promoter category to the Public category following the completion of an Open Offer. The Open Offer by Mrs. Maneesha Singh, Jagsakti Merchandise Private Limited, and Ros Advisory Private Limited (formerly known as Ros Insurance Advisors Private Limited) concluded on April 16, 2026. Consequently, the Acquirers have been classified as the Promoter/Promoter Group of the company with immediate effect, marking a shift in control.

Reclassification Details

The reclassification of Genesis Trade-Links Private Limited was disclosed in the Letter of Offer dated March 16, 2026. The entity confirmed compliance with Regulation 31A(3)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, including that it does not hold more than 10% of total voting rights or exercise control over the company. The promoter also undertook not to be represented on the Board or act as Key Managerial Personnel for three years from the date of reclassification.

The shareholding details of the reclassified entity are as follows:

Regulatory Compliance

Grameva Limited confirmed compliance with the minimum public shareholding requirements under Regulation 38 of the SEBI (LODR) Regulations. The company stated that its equity shares are not suspended from trading by BSE Limited or The Calcutta Stock Exchange Limited and that there are no outstanding dues payable to SEBI, the stock exchanges, or depositories. The intimation was submitted in compliance with Regulation 31A(10)(ii) of the SEBI (LODR) Regulations.