Grameva Limited (formerly known as Bangalore Fort Farms Limited) announced the formal approval of its unaudited financial results for the third quarter of fiscal year 2026, demonstrating continued commitment to regulatory compliance and transparent corporate governance.

Board Meeting Details and Approvals

The Board of Directors convened on February 14, 2026, to address critical financial and regulatory matters. The meeting was conducted in strict compliance with SEBI regulations, specifically Regulation 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Results and Audit Committee Review

The Board approved the unaudited financial results for the quarter and nine months ended December 31, 2025, following comprehensive review by the Audit Committee. The financial statements were prepared in accordance with Regulation 33 of the SEBI regulations and include a Limited Review Report from the company's auditors.

The Board has authorized the publication of these financial results in newspapers and on stock exchanges, ensuring full transparency with stakeholders and the investing public. This publication approval aligns with the company's commitment to maintaining open communication with shareholders and regulatory bodies.

Corporate Governance and Policy Updates

Significantly, the Board approved the adoption of revised policies pursuant to the company's name change from Bangalore Fort Farms Limited to Grameva Limited. This policy revision reflects the company's strategic transformation and ensures all corporate governance frameworks align with the new corporate identity.

Trading Window and Compliance Measures

The company has implemented appropriate trading window measures for the quarter ending December 31, 2025. The Board duly noted the trading window closure and considered the reopening date accordingly, ensuring strict compliance with insider trading regulations and maintaining market integrity.

The meeting proceedings were officially documented and signed by Milan Bhatia, Company Secretary & Compliance Officer (Mem. No. A34850), confirming adherence to proper corporate governance protocols throughout the decision-making process.

Grameva Limited faces a mandatory open offer as Mrs. Maneesha Singh and her associates announce their intention to acquire up to 26.00% of the company's equity shares under SEBI's Substantial Acquisition of Shares and Takeovers (SAST) Regulations. The offer, managed by VC Corporate Advisors Private Limited, represents a significant corporate development for the Kolkata-based company.

Open Offer Structure and Pricing

The acquirers are offering to purchase up to 12,47,844 fully paid-up equity shares of face value Rs. 10/- each at an offer price of Rs. 30/- per share. This pricing represents the consideration for shares representing 26.00% of Grameva Limited's total paid-up equity and voting share capital.

Acquirer Details and Shareholding Structure

The open offer involves three entities acting collectively as acquirers. Mrs. Maneesha Singh, resident of Varanasi, Uttar Pradesh, serves as the primary acquirer alongside two private limited companies.

Triggering Transactions

The open offer obligation arises from two distinct transactions under SEBI SAST Regulations. The first trigger occurred on December 08, 2017, when Jagsakti Merchandise Private Limited and Ros Advisory Private Limited were allotted equity shares through preferential allotment.

The second trigger stems from a Share Purchase Agreement dated January 31, 2026, between Mrs. Maneesha Singh and Genesis Trade-Links Private Limited. Under this agreement, Mrs. Maneesha Singh will acquire 15,95,693 equity shares representing 33.25% of the total paid-up equity and voting share capital at Rs. 28/- per share.

Target Company Information

Grameva Limited, formerly known as Bangalore Fort Farms Limited, operates with its registered office in Kolkata. The company's equity shares are listed on BSE Limited and The Calcutta Stock Exchange Limited, with a total paid-up equity and voting share capital of 47,99,400 fully paid-up equity shares of face value Rs. 10/- each.

Regulatory Compliance and Timeline

The acquirers have appointed VC Corporate Advisors Private Limited as the Manager to the Offer. The detailed public statement regarding the open offer will be published on or before February 06, 2026, in accordance with Regulation 14(3) of the SEBI SAST Regulations. The offer is unconditional and not dependent on any minimum level of acceptance, ensuring compliance with regulatory requirements for mandatory open offers.