Elegant Floriculture & Agrotech Plans Fundraising, Appoints New Company Secretary

Elegant Floriculture & Agrotech (India) Limited , a company listed on the Bombay Stock Exchange (BSE: 526473), has announced significant developments following a board meeting held on August 8, 2025. The company's Board of Directors has approved plans to raise funds and appointed a new Company Secretary and Compliance Officer.

Fundraising Plans

The Board of Directors has initiated plans to raise funds for the company. While the specific details are yet to be finalized, the company is considering various methods, including:

• Preferential issue
• Rights issue
• Qualified institutional placement (QIP)

The exact mode of fundraising, quantum, and terms will be decided at a later date, subject to necessary regulatory approvals and compliance requirements. This move indicates the company's intent to strengthen its financial position, potentially for expansion or other strategic initiatives.

New Company Secretary Appointment

In a key personnel change, Ms. Priya Gupta has been appointed as the Company Secretary and Compliance Officer, effective August 8, 2025. Ms. Gupta brings a unique blend of qualifications and experience to her new role:

Educational Background

• Bachelor of Ayurvedic Medicine and Surgery (BAMS) from Yerala Medical Trust's Ayurvedic College, Maharashtra University of Health Sciences (2004)
• Company Secretary (CS) from the Institute of Company Secretaries of India (2011)

Professional Experience

• Associate member of the Institute of Company Secretaries of India (ICSI)
• Expertise in Corporate Law, Corporate Governance, and SEBI-related matters
• Completed secretarial training at Kotak Mahindra Old Mutual Life Insurance Ltd, Mumbai, and Punjab Chemicals and Crop Protection Limited, Chandigarh

Ms. Gupta's appointment fulfills the requirements of Section 203 of the Companies Act, 2013, and Regulation 6(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. It's worth noting that Ms. Gupta currently holds no shares in the company.

Board Meeting Details

The board meeting where these decisions were made took place on August 8, 2025, commencing at 4:00 p.m. and concluding at 5:20 p.m. The company has duly informed the BSE of these developments in compliance with regulatory requirements.

These strategic moves by Elegant Floriculture & Agrotech (India) Limited suggest a focus on strengthening its corporate governance and exploring avenues for financial growth. Investors and stakeholders will likely be watching closely for further details on the fundraising plans and their potential impact on the company's future direction.