Satiate Agri fixes Aug 20 e-voting cutoff for 39th AGM

Satiate Agri Limited has designated Thursday, August 20, 2026, as the cut-off date to determine shareholder eligibility for remote e-voting at its upcoming 39th Annual General Meeting (AGM). This specific deadline ensures that only shareholders holding equity shares as of this date can cast their votes electronically during the designated voting period. The AGM itself is scheduled to be held on Thursday, August 27, 2026, at 5:00 P.M. IST via Video Conferencing or Other Audio Visual Means (OAVM).

The Board of Directors approved the AGM notice and the Annual Report for the financial year ended March 31, 2026, during a meeting held on Monday, August 3, 2026. To finalize the list of shareholders entitled to vote and receive any declared dividends, Satiate Agri will close its Register of Members and Share Transfer Books from Monday, August 17, 2026, through Thursday, August 27, 2026, both days inclusive. No share transfers will be registered during this ten-day window.

E-Voting and Book Closure Timeline

Event	Date	Time / Notes
Board Meeting	August 3, 2026	Approved AGM notice and FY25-26 report
Book Closure Start	August 17, 2026	Both days inclusive
E-Voting Cut-Off Date	August 20, 2026	Determines remote voting eligibility
Remote E-Voting Window	August 24–26, 2026	9:00 A.M. to 5:00 P.M. IST
Book Closure End / AGM	August 27, 2026	5:00 P.M., VC/OAVM

Shareholders eligible for remote e-voting may cast their votes starting Monday, August 24, 2026, at 9:00 A.M. IST, until Wednesday, August 26, 2026, at 5:00 P.M. IST. This three-day window precedes the physical/virtual meeting date, allowing members to participate without attending the live session.

Regulatory Compliance and Scrutiny

The disclosure was made in compliance with Regulation 30 and Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Additionally, the book closure dates were fixed pursuant to Section 91 of the Companies Act, 2013, read with Rule 10 of the Companies (Management and Administration) Rules, 2014. The e-voting cut-off date was determined under Section 108 of the Companies Act, 2013, read with Rule 20 of the same rules.

Mr. Ajit Jain, Proprietor of M/s. Ajit Jain & Co., a Practicing Company Secretary based in Indore (Membership No. F-3933, COP No. 2876), has been appointed as the Scrutinizer for the e-voting process. His role is to ensure the integrity and transparency of the electronic voting mechanism. CS Priya Bhandari, Company Secretary & Compliance Officer, signed the intimation sent to BSE Limited, where Satiate Agri trades under Scrip Code 524546.

Satiate Agri Limited reported a consolidated net loss of ₹327.51 lakh for the financial year ended March 31, 2026, widening from the loss of ₹104.17 lakh recorded in the previous year. The company's total income for the year stood at ₹1161.88 lakh, while total expenses reached ₹1438.41 lakh. The statutory auditors, M/s. S. N. Gadiya & Co., issued an unmodified opinion on the audited standalone and consolidated financial results, which were reviewed by the Audit Committee and approved by the Board on May 30, 2026.

Financial Performance

The standalone financial results for FY26 showed a net loss of ₹274.28 lakh. Revenue from operations for the year was ₹1161.88 lakh, with other income contributing ₹2.25 lakh. Total expenses for the period included significant finance costs of ₹57.07 lakh and purchases of stock in trade amounting to ₹1143.06 lakh. The company reported a basic and diluted earnings per share (EPS) of ₹(9.37) for the standalone results.

Consolidated Results

On a consolidated basis, the net loss for FY26 was ₹327.51 lakh. The results include the financial performance of the company's associates, Alpha Tar Industries Private Limited and Digital Micron Roto Printers Private Limited, which were acquired during the year. The share of loss of associates for the year was ₹53.23 lakh. Total consolidated income was ₹1164.13 lakh, with total expenses rising to ₹1438.41 lakh.

Metric	Standalone FY26 (₹ in Lakhs)	Consolidated FY26 (₹ in Lakhs)
Total Income	1164.13	1164.13
Total Expenses	1438.41	1438.41
Net Profit/Loss	(274.28)	(327.51)
Basic EPS	(9.37)	(114.02)

Key Disclosures and Legal Matters

The financial statements include significant disclosures regarding ongoing legal disputes. The erstwhile management had availed a loan of ₹405 Lakhs from Colama Commercial Ltd, which the company disputes on grounds of fraud; this matter is pending before the National Company Law Tribunal (NCLT), Indore bench. Consequently, no provision has been made for the principal amount or the related interest. Additionally, the company has received notices under the Insolvency and Bankruptcy Code (IBC), 2016 from Colama Commercial Ltd for an alleged default of ₹405.00 Lakhs and from Poonam Impex for an alleged default of ₹102.74 Lakhs. The company believes it has a strong case in both matters based on legal opinion.

Operational and Management Changes

During the year, the company underwent a change in management effective August 25, 2025. The new management noted that the erstwhile management did not hand over physical stock and detailed inventory records. As a result, the auditors were unable to observe physical inventory counting, leading to a provision for a shortage of ₹214.03 lakhs. A complaint has been filed with the Economic Offences Wing in Indore against the erstwhile management. Furthermore, the company appointed M/s. Pitia & Co., Chartered Accountants, to conduct a forensic audit for the period April 1, 2024, to March 31, 2025, regarding the disputed loan.