Samyak International Limited approved all four resolutions proposed for the 32nd Annual General Meeting (AGM) held on September 30, 2026. The meeting was conducted via Video Conferencing and Other Audio Visual Means, with voting results declared on October 1, 2026.

The board adopted the standalone and consolidated financial statements for FY26. Members also re-appointed Neha Jain as a director and approved alterations to the Memorandum of Association, including changes to the object clause and an increase in authorized share capital.

Voting participation details

A total of 50 shareholders participated in the meeting through video conferencing. This included 3 members from the promoter and promoter group and 47 public shareholders. No shareholders attended in person or through proxy.

Resolution outcomes

All resolutions received unanimous support from the votes polled. The scrutinizer, CS Ajit Jain, confirmed that the requisite majority was achieved for each item. The specific resolutions passed were:

1. Adoption of financial statements for FY26.
2. Re-appointment of Neha Jain as director.
3. Alteration of the object clause in the Memorandum of Association.
4. Increase in authorized share capital and consequent alteration of the capital clause.

What the Numbers Show

Voter turnout was low relative to the total shareholder base. While there were 2,956 shareholders on the record date of September 23, 2026, only 110 members cast valid votes across all resolutions. The total number of votes polled was 29,57,022, representing approximately 36.98% of the outstanding shares. Despite the low absolute number of participating members, the promoter group voted 65.35% of their holding, while public non-institutional investors voted 28.81% of their holding.

Samyak International Limited has been declared the Successful Resolution Applicant for Shree Uttam Food Products (India) Private Limited. The Committee of Creditors approved the company's resolution plan on September 25, 2026, marking a significant step in the corporate insolvency resolution process.

The approval follows the submission of a Final Resolution Plan by Samyak International on July 23, 2026. The plan was evaluated against the terms of the Request for Resolution Plan issued by the Resolution Professional of the Corporate Debtor.

Regulatory Compliance and Approval

The development was disclosed to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Committee of Creditors of Shree Uttam Food Products took the decision at its meeting held on September 25, 2026.

The Resolution Plan submitted by Samyak International was approved with the requisite majority as per the applicable provisions of the Insolvency and Bankruptcy Code, 2016. This declaration positions the company to proceed with the next stages of the acquisition process, subject to final regulatory approvals.

Key Details of the Resolution Process

The move indicates Samyak International's strategic interest in expanding its footprint within the food products sector through the acquisition of distressed assets. The company's compliance officer, Nancy Jain, confirmed the intimation to the exchange, ensuring transparency for shareholders and market participants.