Nutricircle Limited Approves Q1 Results, Sets AGM Date, and Re-appoints Managing Director

Nutricircle Limited (formerly Shreeyash Industries Limited) has made several key announcements following its recent board meeting. The company, which operates in the nutritional products sector, has approved its financial results for the first quarter and set the date for its Annual General Meeting (AGM).

Financial Results and AGM Details

The board of Nutricircle Limited has approved the unaudited financial results for the quarter ended June 30. While specific financial figures were not disclosed, the company has scheduled its 32nd AGM for September 29, at 2:00 PM at the company's registered office.

In preparation for the AGM, Nutricircle Limited has announced a book closure period from September 23 to September 29 (both days inclusive). This closure will determine the eligibility of shareholders for voting at the AGM. The company has set September 22 as the cut-off date for determining members eligible to vote on the resolutions outlined in the AGM notice or to attend the meeting.

E-Voting Arrangements

To facilitate shareholder participation, Nutricircle Limited has appointed Bigshare Services Private Limited, a SEBI Registered Category-1 entity, to provide remote e-voting and voting facilities at the AGM. Additionally, Mrs. Mayuri Jain from M/s Jain Mayuri & Associates has been appointed as the scrutinizer to oversee the e-voting process and submit a report as prescribed under the Companies Act, 2013.

Re-appointment of Managing Director

In a significant move, the board has re-appointed Mr. Hitesh Mohanlal Patel as the Managing Director for a term of three years, effective from October 1. Mr. Patel, who holds the Director Identification Number (DIN) 02080625, brings a wealth of experience to the role.

Hitesh Mohanlal Patel's Profile

Mr. Patel has an impressive track record with 20 years of experience in pre-IPO investments and working with startup companies. His expertise lies in:

• Developing macro investment themes
• Analyzing strengths and weaknesses of specific companies
• Identifying superior management teams
• Providing strategic inputs to strengthen business models of portfolio companies

His unique perspective combines an understanding of value drivers across industries with first-hand knowledge of the challenges faced by small to mid-size companies as they scale their operations.

Conclusion

These announcements reflect Nutricircle Limited's commitment to transparency and corporate governance. The re-appointment of Mr. Hitesh Mohanlal Patel as Managing Director signals continuity in leadership, which could be crucial for the company's growth strategies in the nutritional products sector.

Shareholders and interested parties are advised to mark their calendars for the upcoming AGM and to utilize the e-voting facilities provided to participate in the company's decision-making process.