Satiate Agri Limited declared the final voting results of its 39th Annual General Meeting (AGM) held on August 27, 2026. All four ordinary and special resolutions were approved with unanimous support from participating shareholders.

The meeting was conducted via video conference as the company continues to operate under the Corporate Insolvency Resolution Process (CIRP). The National Company Law Tribunal, Indore Bench, admitted the CIRP application on August 20, 2026, vesting management powers in Interim Resolution Professional MVK IPE LLP.

Voting Results

The scrutinizer’s report, issued on August 29, 2026, confirmed that 1,679,900 votes were cast in favor of all resolutions, representing 100% of the valid votes polled. No votes were cast against any resolution.

The total number of shareholders on the record date of August 20, 2026, was 1,696. Participation was exclusively through remote e-voting, with no physical or poll voting recorded at the venue.

Key Resolutions Passed

Shareholders approved the following four resolutions:

• Adoption of the audited financial statements for FY26 ended March 31, 2026.
• Reappointment of Kailash Chand Dhaksia as a director upon retirement by rotation.
• Appointment of Yogendra Singh Bhati as a non-executive non-independent director.
• Appointment of Deepak Parashar as a whole-time director and key managerial personnel (passed as a special resolution).

Mr. Mangesh V. Kekre, Interim Resolution Professional and Designated Partner of MVK IPE LLP, chaired the proceedings. A total of 21 members participated in the meeting through video conference or other audio-visual means.

Compliance and Scrutiny

The company facilitated remote e-voting in accordance with the Companies Act, 2013 and SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015. Mr. Ajit Jain, Proprietor of M/s. Ajit Jain & Co., served as the scrutinizer for the voting process. The statutory auditor, secretarial auditor, and scrutinizer attended the meeting remotely.

No requests were received from members wishing to speak or raise questions during the virtual session.

Satiate Agri Limited reported a narrowed net loss for its first quarter of fiscal year 2027, driven by reduced operational scale and lower revenue generation compared to the previous year's high-loss period.

The Indore-based agrochemical company posted a standalone net loss after tax of ₹40.39 lakh for the quarter ended June 30, 2026. This marks a substantial reduction from the ₹191.37 lakh loss recorded in the corresponding quarter of FY26. The consolidated net loss stood at ₹40.39 lakh, mirroring the standalone figure.

Revenue and Profitability Trends

Total income from operations for the standalone entity was ₹18.30 lakh, up from nil in the same quarter last year but down sharply from ₹478.64 lakh in the immediately preceding quarter (March 2026). The consolidated revenue also stood at ₹18.30 lakh, compared to ₹1,161.88 lakh in the prior quarter.

The pre-tax net loss before exceptional items was ₹30.90 lakh on a standalone basis, improving from the ₹191.37 lakh loss in Q1FY26. In the preceding quarter, the pre-tax loss was ₹50.92 lakh.

What the Numbers Show

The financial data reveals a drastic contraction in operational activity. While the current quarter shows a modest revenue inflow of ₹18.30 lakh, this represents less than 4% of the revenue generated in the immediately preceding quarter (₹478.64 lakh). Despite the near-total drop in top-line activity, the net loss narrowed significantly year-on-year, suggesting that fixed cost burdens or one-time expenses prevalent in the prior year were not repeated at the same scale in Q1FY27.

Balance Sheet Position

The company’s equity share capital remained unchanged at ₹292.72 lakh. As of the previous audited balance sheet date (March 31, 2026), reserves stood at (₹401.63 lakh), indicating accumulated losses carried forward.

The results were reviewed by the Audit Committee and approved by the Board of Directors on August 13, 2026. The statutory auditors have issued a limited review report for the quarter.