Bangalore Fort Farms Limited held its 58th Annual General Meeting (AGM) on September 25, 2025, marking a significant milestone in the company's journey with several key decisions approved by shareholders.

Leadership Transition and Board Restructuring

The AGM saw a major leadership transition with Mr. Mahendra Singh being re-designated from Managing Director to Whole Time Director. Simultaneously, Mr. Deepak Kandoi was appointed as the new Managing Director for a five-year term ending September 24, 2030.

In a move to strengthen its board, Bangalore Fort Farms Limited appointed three new independent directors:

• Mr. Pranay Tandon: Brings expertise in corporate strategy, governance, and business development.
• Mr. Rajat Sharma: A qualified Company Secretary with extensive experience in corporate laws and compliance management.
• Ms. Nimisha Srivastava: A law graduate specializing in corporate and commercial laws, legal advisory, and governance matters.

Capital Expansion and Name Change

Shareholders approved an increase in the company's authorized share capital from Rs. 5.00 crore to Rs. 25.00 crore, signaling potential for future growth and expansion. Additionally, the company received approval to change its name from Bangalore Fort Farms Limited to "Grameva Limited," subject to necessary regulatory approvals.

Strong Shareholder Support

The AGM, conducted through video conferencing, saw robust participation with 1,555 shareholders on record, of which 31 attended virtually. All nine resolutions presented were passed with overwhelming support, achieving an 81.40% voter turnout and a near-unanimous 99.99% approval rate.

Financial Performance

While specific financial figures were not disclosed in the provided information, the company's Chief Financial Officer, Mr. Bidhan Chandra Roy, briefed shareholders on Bangalore Fort Farms Limited's financial performance, highlighting revenue, profitability, balance sheet strength, and liquidity position.

Looking Ahead

Chairman Mr. Mahendra Singh addressed the shareholders, providing an overview of the company's business stability and future prospects. The leadership changes and capital expansion plans indicate Bangalore Fort Farms Limited's commitment to growth and adaptation in a dynamic market environment.

The meeting concluded with a Q&A session where shareholders raised queries about business expansion, dividend disbursement, capital expenditure, and future growth prospects, which were addressed by the management.

As Bangalore Fort Farms Limited transitions to its new identity as Grameva Limited, stakeholders will be watching closely to see how these strategic changes translate into business performance and shareholder value in the coming years.

Bangalore Fort Farms Limited (BSE: 539120, CSE: 012644) is set for a significant transformation, as revealed in a recent board meeting announcement scheduled for August 26, 2025. The company plans to discuss a series of pivotal changes that could reshape its leadership structure, corporate identity, and financial standing.

Leadership Transition

The board meeting will address several key leadership changes:

• Managing Director Transition: Mr. Mahendra Singh (DIN: 07692374) has requested to step down from his position as Managing Director to promote youth leadership within the company. The board will consider re-designating him as a Director with increased remuneration, subject to shareholder approval.

• New Managing Director: Mr. Deepak Kandoi (DIN: 11074878) is being considered for appointment as the new Managing Director, signaling a shift in the company's top leadership.

• Independent Directors: The board will deliberate on the appointment of three new Independent Directors:

  • Mr. Pranay Tandon (DIN: 11068992)
  • Mr. Rajat Sharma (DIN: 11243035)
  • Ms. Nimisha Srivastav (DIN: 11243047)

These appointments aim to strengthen the company's governance structure and bring fresh perspectives to the board.

Corporate Rebranding

In a move that signals a potential shift in the company's focus or strategy, the board will consider changing the company's name from 'Bangalore Fort Farms Limited' to 'Grameva Limited'. This rebranding initiative is subject to approval from the Central Registration Centre (CRC) or Registrar of Companies (ROC).

Financial Restructuring

The meeting agenda includes a proposal to increase the company's authorized share capital to Rs. 25.00 crores. This move could potentially pave the way for future fundraising activities or expansion plans.

Additional Agenda Items

The board meeting will also address several other important matters:

• Approval of the Directors' Report for the financial year 2024-25
• Draft notice for the upcoming 58th Annual General Meeting
• Appointment of Mr. Mukesh Chaturvedi (C.P. No.3390) as Secretarial Auditor for a five-year term from FY 2025-26 to 2029-30
• Consideration of material related party transactions
• Adoption of revised policies
• Authorization for necessary regulatory filings

The comprehensive agenda underscores the company's focus on corporate governance, compliance, and strategic planning for the future.

Investors and stakeholders will be keenly watching the outcomes of this crucial board meeting, as the proposed changes could significantly impact the company's direction and performance in the coming years.

The meeting is scheduled to take place at the company's registered office at 164/1, Maniktala Main Road, Mani Square Mall, Room No. 7E, 7th Floor, Kankurgachi, Kolkata- 700054 on Tuesday, August 26, 2025, at 1:00 PM.