Healthy Life Agritec has postponed the Board of Directors meeting scheduled for September 29, 2026, which was intended to finalize the specific terms of its proposed rights issue. The postponement is due to the in-principle approval from the Stock Exchange regarding the fundraising plan still being under process.

The company had previously approved the fundraising plan for up to ₹5,000 lakh in a meeting held on September 23, 2026. The upcoming session was focused on deciding the issue price, payment mechanism, rights entitlement ratio, and the record date. These decisions are subject to receipt of in-principle approval from BSE Limited. The rights issue involves issuing partly paid-up equity shares with a face value of ₹10 each to eligible shareholders.

Rescheduling details

In a filing to BSE Limited, the company stated that the Board meeting will now be held within the next working day post receipt of the in-principle approval letter from the stock exchange. This update supersedes the earlier intimation that the meeting would take place on September 29, 2026.

Committee formation and meeting details

To oversee the execution of the rights issue, the Board has constituted a Rights Issue Committee. The committee members are:

1. Divya Mojjada – Chairperson
2. Mohammed Sadiq – Member
3. Apra Sharma – Member

The previous Board meeting commenced at 12:00 pm and concluded at 1:45 pm. The company informed BSE Limited about this development pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The new intimation regarding the postponement was filed under Regulation 29 of the same regulations.

Trading window closure

In accordance with SEBI’s Prohibition of Insider Trading Regulations, the trading window for designated insiders and their immediate relatives remained closed. The closure began from the trading day following the initial intimation and continued until 48 hours after the conclusion of the September 23 board meeting. This regulatory step ensured compliance with insider trading norms during the period leading up to the disclosure of material information regarding the fundraising plan.

The number of equity shares to be issued will be determined after receiving in-principle approval from the Stock Exchange. The company’s registered office is located in Mira Road, Thane, while its corporate office and factory are in Doddaballapur, Bangalore.

Healthy Life Agritec Limited held its 7th Annual General Meeting on September 26, 2026, passing all four resolutions via e-voting with 100% votes in favour on each item.

Key resolutions passed

The members transacted four items of business during the proceedings. The primary agenda involved the adoption of both standalone and consolidated financial statements for the year ended March 31, 2026. Additionally, the board sought approval for material related party transactions for FY27, which required a special resolution.

E-voting results

Based on the scrutinizer's report dated September 28, 2026, all four resolutions were passed with the requisite majority. The record date for voting eligibility was September 20, 2026, with 1,268 total shareholders on record. Remote e-voting was open from September 23, 2026 (9:00 am) to September 25, 2026 (5:00 pm), after which the CDSL platform was disabled. Members who had not voted remotely could cast votes during the live meeting.

For Resolutions 1, 2, and 3, the combined e-voting results were identical across all three ordinary resolutions, as detailed below.

For Resolution 4 (special resolution on material related party transactions), promoter and promoter group votes were treated as invalid given their interest in the agenda. Only public non-institution votes of 1,076,858 were counted as valid, all cast in favour.

The scrutinizer's report also provided a breakdown by mode of voting for each resolution. For Resolutions 1, 2, and 3, the totals were identical.

For Resolution 4, remote e-voting recorded 14,317,995 invalid votes (promoter group), leaving 1,062,858 valid remote votes and 14,000 valid AGM votes, totalling 1,076,858 valid votes, all in favour.

Meeting proceedings

The meeting commenced at 12:30 pm through Video Conferencing and Other Audio-Visual Means. Divya Mojjada, Managing Director, chaired the session and confirmed the presence of the requisite quorum. The notice and directors' report were taken as read, having been circulated in advance. No questions were raised by shareholders during the open floor segment. The meeting concluded at 12:45 pm.

Governance and attendance

The following directors were present at the meeting:

• Divya Mojjada, Managing Director
• Mohammed Sadiq, Non-Independent Director
• Anil Kumar Vijay, Independent Director
• Apra Sharma, Independent Director

Rupal Kalsi served as the Company Secretary and Compliance Officer. Mayuri Sinha of Mayuri Sinha & Associates acted as the scrutinizer for the voting process. The voting results and scrutinizer's report have been made available on the company's website and on the CDSL website.