Super Crop Safe receives BSE listing approval for 1.17 crore equity shares

scanx
Reviewed by
Riya DScanX News Team
Key Highlights
  • BSE approved listing for 1,17,44,722 equity shares of Super Crop Safe Limited
  • Shares issued to non-promoters on preferential basis via loan conversion
  • Face value of each share is ₹2
  • Trading start subject to NSDL and CDSL depository formalities
powered bylight_fuzz_icon
52997887

*this image is generated using AI for illustrative purposes only.

Super Crop Safe Limited received listing approval from BSE Limited for 1,17,44,722 equity shares issued on a preferential basis. The approval, dated October 07, 2026, facilitates the trading of these shares following the conversion of a loan.

The equity shares carry a face value of ₹2 each and bear distinctive numbers from 40214501 to 51959222. These instruments were issued to non-promoters pursuant to the conversion of an existing loan facility, as disclosed in the company's filing under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory compliance and next steps

The company confirmed receipt of the official listing approval vide letter reference LOD/PREF/KS/FIP/896/2026-27. While the listing has been approved, the commencement of trading is subject to the completion of necessary corporate actions and depository formalities with NSDL and CDSL.

Particular Details
Number of Shares 1,17,44,722
Face Value ₹2 each
Issue Basis Preferential (Loan Conversion)
Recipient Category Non-promoters
Approval Date October 07, 2026

The Managing Director, Nishant N Patel, signed the intimation dated October 08, 2026, confirming that the matter has been placed on record with the stock exchange.

Historical Stock Returns for Super Crop Safe

1 Day5 Days1 Month6 Months1 Year5 Years
-0.98%-0.60%-4.08%+63.76%+7.08%+80.38%

How will the dilution of approximately 11.7 million shares impact existing shareholders' equity value and voting power?

What specific terms were negotiated for the loan conversion, and how does the implied valuation compare to Super Crop Safe's recent market price?

What is the expected timeline for completing NSDL and CDSL depository formalities to enable actual trading of these new shares?

Super Crop Safe submits scrutinizer report for 39th AGM voting results

scanx
Reviewed by
Jubin VScanX News Team
Key Highlights
  • Super Crop Safe submitted scrutinizer report for 39th AGM held September 30, 2026
  • All resolutions passed with 12,678,180 votes in favor and only 150 against
  • Directors Narendrasinh M Zala and Nishant Nitinbhai Patel re-appointed unanimously
  • Related party transactions approved under Section 188 of Companies Act, 2013
  • 11 members' votes declared invalid for RPT resolution totaling 11,900,462 votes
powered bylight_fuzz_icon
52318848

*this image is generated using AI for illustrative purposes only.

Super Crop Safe Limited has submitted the Consolidated Scrutinizer's Report for the voting conducted at its 39th Annual General Meeting (AGM) held on September 30, 2026. The report confirms the successful passage of all proposed resolutions, including the adoption of FY26 financials and director re-appointments.

The meeting was conducted through Video Conferencing and Other Audio-Visual Means in compliance with the Companies Act, 2013 and SEBI regulations. Remote e-voting commenced on September 27, 2026, and concluded on September 29, 2026, prior to the live AGM session.

Director re-appointments

Two directors retired by rotation and offered themselves for re-appointment. The members passed ordinary resolutions to re-appoint both individuals to the Board. The voting results indicate unanimous support from participating shareholders for these appointments.

Director DIN Status Votes For Votes Against
Narendrasinh M Zala 06653715 Re-appointed 12,678,180 150
Nishant Nitinbhai Patel 09105449 Re-appointed 12,678,180 150

Related party transactions approved

The shareholders also approved related party transactions under Section 188 of the Companies Act, 2013. This resolution grants consent to the Board of Directors for executing contracts to sell, purchase, or supply goods and materials. It further authorizes the Board to avail or render services within specified limits and terms outlined in the explanatory statement.

Voting details

The scrutinizer, Ashish C Doshi of SPANJ & Associates, verified the votes cast via remote e-voting and e-voting at the AGM. A total of 47 members voted in favor of all resolutions, casting 12,678,180 valid votes. One member cast 150 votes against each resolution. Notably, for the related party transaction resolution, 11 members had their votes declared invalid, totaling 11,900,462 votes.

Resolution Members Voted For Votes For Members Voted Against Votes Against
Adoption of FY26 Financials 47 12,678,180 1 150
Re-appointment of Zala 47 12,678,180 1 150
Re-appointment of Patel 47 12,678,180 1 150
Approval of RPTs 47 12,678,180 1 150

What the Numbers Show

The voting data reveals a high concentration of support among participating shareholders, with over 99.9% of valid votes cast in favor across all four resolutions. However, the significant number of invalid votes (11,900,462) specifically on the related party transaction resolution suggests potential procedural errors or non-compliance by a subset of shareholders during the e-voting process, despite the overwhelming majority approval.

Historical Stock Returns for Super Crop Safe

1 Day5 Days1 Month6 Months1 Year5 Years
-0.98%-0.60%-4.08%+63.76%+7.08%+80.38%

How will the approval of related party transactions under Section 188 influence Super Crop Safe's supply chain strategy and operational costs in the upcoming fiscal year?

What corrective measures is the company implementing to address the high volume of invalid votes on RPT resolutions to ensure smoother governance processes in future AGMs?

With directors re-appointed for another term, what specific strategic growth initiatives or capital allocation plans are expected to be prioritized by the current management team?

More News on Super Crop Safe

1 Year Returns:+7.08%