Nagarjuna Fertilizers & Chemicals Limited (NFCL) held its 19th Annual General Meeting (AGM) on September 30, 2025, where shareholders approved significant board appointments and reappointments, including special resolutions for directors over 75 years of age.

Key Appointments and Reappointments

Uday Shankar Jha

Shareholders approved the appointment of Mr. Uday Shankar Jha as a Non-executive Director, liable to retire by rotation. A special resolution was passed to allow Mr. Jha's continuation as director beyond the age of 75, which he attained on June 16, 2025.

Rajendra Mohan Gonela

Mr. Rajendra Mohan Gonela was re-appointed as an Independent Director for a second consecutive five-year term from May 28, 2025, to May 27, 2030. Shareholders also approved a special resolution for Mr. Gonela's continuation beyond the age of 75, which he will reach on July 09, 2026.

Chandrapal Singh Yadav

The meeting also saw the reappointment of Mr. Chandrapal Singh Yadav as a Director of the Company, liable to retire by rotation.

AGM Proceedings

The AGM was conducted through Video Conferencing (VC) / Other Audio Visual Means (OAVM) in compliance with regulatory guidelines. Key points from the meeting include:

• The meeting was chaired by Mr. Uday Shankar Jha.
• Mr. K Rahul Raju, Managing Director, was present along with other board members and key executives.
• The company's financial performance for the year ended March 31, 2025, was discussed.
• Shareholders were provided with remote e-voting facilities and e-voting during the AGM through Central Depository Services (India) Limited (CDSL).

Resolutions Passed

All resolutions presented at the AGM were passed with the requisite majority. These included:

1. Adoption of financial statements for the year ended March 31, 2025.
2. Reappointment of Mr. Chandrapal Singh Yadav as a Director.
3. Reappointment and continuation of Mr. Uday Shankar Jha as a Non-executive Director beyond 75 years of age.
4. Reappointment of Mr. Rajendra Mohan Gonela as an Independent Director for a second term and his continuation beyond 75 years of age.

The company affirmed that both Mr. Jha and Mr. Gonela are not debarred from holding the office of Director by any SEBI order or other authority.

Nagarjuna Fertilizers & Chemicals Limited's commitment to corporate governance is evident in its transparent approach to these appointments and its compliance with regulatory requirements for director appointments beyond the age of 75.

Nagarjuna Agri-Tech , a company known for its agricultural operations, has announced significant changes to its business scope and capital structure. The company has received approval from the Ministry of Corporate Affairs (MCA) for adopting a new Memorandum of Association, marking a strategic shift in its business focus.

Expansion into Food & Beverage Sector

The company has expanded its object clause to include three new business areas:

1. Food & Beverage
2. QSR (Quick Service Restaurant)
3. Cloud Kitchens

This move signals Nagarjuna Agri-Tech's intention to diversify its operations beyond its traditional agricultural focus. By entering the food and beverage sector, the company is positioning itself to tap into the growing market for quick-service restaurants and the emerging trend of cloud kitchens.

Increase in Authorized Share Capital

In addition to broadening its business scope, Nagarjuna Agri-Tech has also taken steps to strengthen its financial position. The company has increased its authorized share capital to ₹30.00 crore. This enhancement in authorized capital provides the company with greater flexibility for future fundraising and expansion plans.

Implications for Investors

These developments could potentially open up new revenue streams for Nagarjuna Agri-Tech. The expansion into the food and beverage sector, particularly in the QSR and cloud kitchen segments, aligns with current market trends and consumer preferences for convenient dining options.

The increase in authorized share capital to ₹30.00 crore also suggests that the company may be preparing for future growth initiatives or capital-intensive projects related to its new business ventures.

Investors and market watchers will likely be keen to see how Nagarjuna Agri-Tech leverages these changes to drive growth and create value in the coming months and years.

As the company embarks on this new chapter, it will be crucial for stakeholders to monitor how effectively Nagarjuna Agri-Tech executes its diversification strategy while maintaining its existing agricultural operations.