Narmada Agrobase Ltd has approved a variation in the objects of its Rights Issue to modify the utilisation of net proceeds from the equity share issue, subject to shareholder approval. The decision was taken during a board meeting held on June 16, 2026, and revises the terms originally outlined in the Letter of Offer dated September 17, 2024. This change requires the consent of the shareholders and other necessary regulatory approvals before implementation.

The board also approved the re-appointment of Jain Kedia and Sharma Chartered Accountants as statutory auditors of the company for another term of 4 years. Their remuneration will be fixed subject to the approval of the shareholders. Additionally, the board appointed Mr. Rajesh Kumar as the Internal Auditor for the financial year 2026-27.

The 14th Annual General Meeting of the company is scheduled to be held on July 18, 2026, at 11:30 A.M. IST through video conferencing or other audio-visual means. The board approved the notice calling for the meeting and appointed Mr. Punit Santoshkumar Lath as the scrutinizer for the e-voting process on the resolutions proposed at the AGM. Furthermore, the board considered and approved the Directors Report and other annexures for the financial year ending March 31, 2026.

Key Board Approvals

Promoter Neerajkumar Sureshchandra Agrawal has confirmed that no encumbrances were created on the shares of narmada agrobase during the financial year ended March 31, 2026. The declaration was submitted to the National Stock Exchange of India Limited and BSE Limited in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. This disclosure ensures transparency regarding the holding status of the promoter group.

The filing, dated April 04, 2026, was made on behalf of the promoter, promoter group, and persons acting in concert (PAC). It explicitly states that no shares were encumbered directly or indirectly, other than those previously disclosed. The submission serves as an annual confirmation required by market regulators to monitor the pledged holdings of key shareholders.

Shareholding Pattern

The disclosure detailed the shareholding of the promoter group as on March 31, 2026. Neerajkumar Sureshchandra Agrawal leads the group with the largest individual holding. The combined stake of the promoter group and PAC represents a majority interest in the company.

The total promoter and PAC holding amounts to 1,90,80,438 shares, accounting for 50.30% of the total share or voting capital. The document was signed by Neerajkumar Sureshchandra Agrawal in his capacity as Promoter.