Satchmo Holdings Limited announced the outcome of its 22nd Annual General Meeting (AGM) held on June 30, 2026, through video conferencing. All five resolutions listed in the notice were passed with an overwhelming majority, securing over 99.99% of the votes cast in favour. The meeting approved the adoption of audited financial statements for the financial year ended March 31, 2026, and the re-appointment of key executive directors.

The remote e-voting facility was open from June 27, 2026, to June 29, 2026, and was facilitated by KFin Technologies Limited. Mr. Sudhindra K S, Practicing Company Secretary, served as the Scrutinizer for the voting process. The statutory auditors, M/s KAMG & Associates, had previously presented unqualified audit reports for both standalone and consolidated financials.

Resolutions Passed

Shareholders approved the adoption of the audited standalone and consolidated financial statements for FY26. The re-appointment of Mr. Ramesh Karur Raghavendran as Executive Director Finance and CFO was sanctioned. Additionally, Mr. L. S. Vaidyanathan was re-appointed as Executive Director – Business Development with approved remuneration.

Meeting Participation

A total of 61 members participated in the meeting via video conferencing. Promoters held 65,273,350 shares, representing 44.75925% of the capital, while public shareholders held 1,140,065 shares. The Chairman, Mr. Nitesh Shetty, addressed shareholder queries regarding product lines and future growth initiatives during the session.

Satchmo Holdings Limited has scheduled its 22nd Annual General Meeting (AGM) for June 30, 2026, at 9:00 a.m. through video conferencing and other audio-visual means. The meeting will allow shareholders to vote on resolutions including the adoption of audited financial statements for FY26, the re-appointment of directors, and approvals for related party transactions and investments. The company has fixed June 23, 2026, as the cut-off date to determine the eligibility of members entitled to vote at the AGM.

The intimation was submitted to BSE Limited in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notice was signed by Prasant Kumar, Company Secretary & Chief Compliance Officer of Satchmo Holdings Limited. The company reported a profit after tax of ₹1,05,931 lakh for the financial year 2025-26, compared to ₹1,551 lakh in the previous year.

Key Meeting Details

Agenda Highlights

The AGM will transact ordinary and special business. Shareholders will consider the adoption of the audited standalone and consolidated financial statements for the year ended March 31, 2026. The board has proposed the re-appointment of Mr. Ramesh Karur Raghavendran as Whole-time Executive Director – Finance and Chief Financial Officer, who retires by rotation.

A special resolution seeks approval for the re-appointment of Mr. L. S. Vaidyanathan as Executive Director – Business Development for a period of 14 months from June 1, 2026, to July 31, 2027. The proposed remuneration includes a basic salary of ₹95,85,000 per annum and performance-linked pay not exceeding ₹32,85,000. Additionally, shareholders will vote on approving material related party transactions with entities such as Satchmo Foods Private Limited and Satchmo Services Private Limited, up to an aggregate limit of ₹10 Crores in excess of 10% of annual consolidated turnover.

The registered office of Satchmo Holdings Limited is located at No. 110, A Wing, Level 1, Andrews Building, M. G. Road, Bangalore - 560 001.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE639K01016/2b9461c0-d966-4ca0-81d0-5232dcdc30c0.pdf