Nagarjuna Agri-Tech Shareholders Approve Rs. 151.49 Crore Food Sector Acquisitions at EGM

Nagarjuna Agri Tech Limited has successfully completed its strategic expansion into the food and beverages sector after shareholders overwhelmingly approved all resolutions at the Extraordinary General Meeting held on December 22, 2025. The company's three strategic acquisitions totaling Rs. 151.49 crores received requisite majority approval through electronic voting, marking a pivotal move to diversify its business portfolio.

EGM Voting Results

The EGM was conducted through Video Conferencing from 5:00 PM to 5:40 PM IST, with CS Mohit Vanawat serving as the scrutinizer. All eight resolutions were passed with overwhelming shareholder support:

Resolution Type	Description	Voting Result
Ordinary	Increase in authorized share capital	Approved
Special	Preferential issue of 2,12,86,020 equity shares	Approved
Special	Allenby Food & Beverages acquisition	Approved
Special	Rafflesia Confectionary acquisition	Approved
Special	Aarini Gourmet LLP acquisition	Approved

Key Acquisitions Approved

Shareholders approved three strategic acquisitions that will establish the company's presence in the food and beverages sector:

Acquisition Target	Value	Stake Acquired	Method
Allenby Food & Beverages Pvt Ltd	Rs. 144.74 crores	100%	Share swap (15:1 ratio)
Rafflesia Confectionary	Rs. 3.00 crores	100%	Cash acquisition
Aarini Gourmet LLP	Rs. 3.75 crores	60%	Cash investment

Management Changes Approved

The EGM also approved significant management appointments to support the expanded operations:

Position	Name	DIN	Status
Managing Director	Ms. Rachna Suman Shaw	10414115	New appointment
Whole Time Director	Mr. Sumit Sengupta	09184493	Designation change
Independent Director	Mr. Somenath Chatterjee	08921463	New appointment

Share Capital Enhancement

To facilitate the acquisitions, shareholders approved increasing the authorized share capital from Rs. 30.00 crores to Rs. 35.00 crores. The company will issue up to 2.13 crore equity shares at Rs. 68.00 per share through preferential allotment for the Allenby acquisition.

Strategic Business Focus

The approved acquisitions will establish Nagarjuna Agri-Tech's presence in:

Allenby Food & Beverages: Comprehensive food and beverage operations
Rafflesia Confectionary: Manufacturing of various bread products
Aarini Gourmet LLP: Artisanal bread and custom cake specialization

Shareholding Impact

Post-acquisition, the promoter holding in Nagarjuna Agri-Tech will decrease from 63.11% to 35.09%, while introducing new non-promoter shareholders through the share swap arrangement with Allenby Food & Beverages.

Implementation Timeline

The cash acquisitions of Rafflesia Confectionary and Aarini Gourmet LLP are scheduled for completion on or before March 31, 2026, allowing for phased integration of the new business operations.

This strategic expansion positions Nagarjuna Agri-Tech to capitalize on the growing demand for ready-to-eat and artisanal food products while diversifying its revenue streams beyond its traditional agricultural technology focus.

Nagarjuna Agri Tech Limited, a company listed on the BSE (Scrip Code: 531832), has announced a significant board meeting scheduled for November 21, 2025. The meeting aims to discuss and approve several strategic moves that could reshape the company's structure and market position.

Key Agenda Items

Capital Increase: The board will consider raising the company's authorized share capital from ₹30.00 crores to ₹35.00 crores, subject to shareholder approval. This move could potentially provide the company with more financial flexibility for future growth initiatives.
Acquisition of Allenby Food & Beverages: Nagarjuna Agri-Tech plans to issue equity shares on a preferential allotment basis to both promoters and non-promoters. This share swap is intended to acquire 100% shareholding (14,19,087 equity shares) of Allenby Food & Beverages Private Limited.
Additional Acquisitions: The board will also consider the acquisition of Rafflesia Confectionary, a sole proprietorship firm. Furthermore, plans to acquire Aarinii Gourmet LLP and Shree Salasar Foods are on the agenda, although specific details for these acquisitions were not provided in the LODR filing.

Proposed Actions and Approvals

Action Item	Details	Approval Required
Authorized Capital Increase	From ₹30.00 crores to ₹35.00 crores	Shareholder Approval
Equity Share Issuance	Preferential allotment for Allenby Food & Beverages acquisition	Shareholder and Stock Exchange Approval
Acquisition of Rafflesia Confectionary	Sole proprietorship firm	Shareholder Approval
Other Acquisitions	Aarinii Gourmet LLP and Shree Salasar Foods	To be discussed

The company plans to hold an Extra-Ordinary General Meeting to seek necessary shareholder approvals for these strategic moves.

Implications

These proposed actions suggest that Nagarjuna Agri-Tech is pursuing a growth strategy through acquisitions in the food and beverage sector. The planned increase in authorized share capital could provide the financial backing for these expansions, potentially positioning the company for market growth.

Investors and stakeholders should note that these plans are subject to various approvals and regulatory compliance, including adherence to SEBI regulations for preferential allotments and acquisitions.

The board meeting on November 21, 2025, at the company's corporate office in Kolkata, will be crucial in determining the future direction of Nagarjuna Agri-Tech Limited. Shareholders and market observers will be watching the outcomes of this meeting and subsequent developments.