Bangalore Fort Farms Plans Major Overhaul: Leadership Changes, Name Change, and Capital Increase on the Horizon

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.