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.

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Satchmo Holdings Limited has announced the completion of its postal ballot voting process, with the scrutinizer's report submitted on February 11, 2026. The company conducted the voting process entirely through remote e-voting facility, with all three proposed resolutions receiving approval from shareholders.

Postal Ballot Process Details

The company appointed Mr. Sudhindra K. S, Practicing Company Secretary (FCS No: 7909, CP No. 8190) from Bengaluru, as the scrutinizer for conducting the postal ballot process. The remote e-voting period commenced at 09:00 A.M. (IST) on Monday, January 12, 2026 and concluded at 5:00 P.M. (IST) on Tuesday, February 10, 2026. KFin Technologies Limited provided the remote e-voting facility to shareholders.

Shareholders holding shares as on the cut-off date of Friday, January 02, 2026 were entitled to participate in the voting process. The notice for the postal ballot was dated January 09, 2026, and was sent through electronic mode to members whose email addresses were registered with the company or depositories.

Voting Results Summary

The scrutinizer's report revealed comprehensive voting statistics across all three resolutions:

Resolution-wise Outcomes

Resolution 1: Managing Director Reappointment

The special resolution for reappointment and remuneration of Mr. Nitesh Shetty (DIN-100304555) as Managing Director designated as Chairman and Managing Director for a further period of one year till December 14, 2026 was passed with overwhelming support:

Resolution 2: Independent Director Re-appointment

The special resolution to re-appoint Ms. Gayathri Muttur Nagaraj (DIN: 06742638) as an Independent Director for the second time received the highest approval rate:

Resolution 3: Material Related Party Transactions

The ordinary resolution to approve existing and proposed new Material Related Party Transactions under regulation 23 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 was also approved:

Regulatory Compliance

The postal ballot was conducted in accordance with Section 110 and other applicable provisions of the Companies Act, 2013, read with the Companies (Management and Administration) Rules, 2014. The process also complied with multiple MCA circulars issued between 2020 and 2025, including General Circular No. 3/2025 dated September 22, 2025.

The scrutinizer confirmed that all resolutions were passed with requisite majority, with votes cast by public shareholders in favour exceeding those cast against each resolution. The company has been directed to declare the results of the postal ballot voting based on the scrutinizer's findings.