Satchmo Holdings Limited has announced a postal ballot notice seeking shareholder approval for critical corporate governance matters through three special resolutions. The company issued the notice on January 09, 2026, with the cut-off date set as Friday, January 02, 2026.

Key Resolutions for Shareholder Approval

The postal ballot encompasses three significant resolutions that require shareholder consent through special voting procedures.

Managing Director Re-appointment

The first resolution seeks approval for Mr. Nitesh Shetty's (DIN: 00304555) re-appointment as Chairman and Managing Director for an additional one-year term from December 15, 2025, to December 14, 2026. The proposed remuneration package includes:

Mr. Shetty currently holds 6,52,73,350 equity shares, representing 44.76% of the company's total equity share capital. The company noted that due to inadequate profits, the remuneration requires special resolution approval under Schedule V of the Companies Act, 2013.

Independent Director Re-appointment

The second resolution proposes Ms. Gayathri Muttur Nagaraj's (DIN: 06742638) re-appointment as Independent Women Director for a second consecutive five-year term from January 08, 2026, to January 07, 2031. Ms. Gayathri, a qualified Company Secretary with over 15 years of experience in business development and compliance, previously served her first term from January 08, 2021, to January 07, 2026.

Material Related Party Transactions

The third resolution seeks approval for existing and proposed material related party transactions worth up to ₹100 crores in aggregate. These transactions involve multiple group entities including:

• Satchmo Foods Private Limited (Wholly Owned Subsidiary)
• Satchmo Services Private Limited (under incorporation)
• Nitesh Infrastructure & Constructions
• Various other related entities

The transactions encompass sale of goods, rendering of services, and providing advances, all conducted at arm's length basis in the ordinary course of business.

Voting Process and Timeline

The company has engaged KFin Technologies Limited to facilitate the e-voting process. Key dates for the postal ballot include:

Mr. Sudhindra K. S, Practicing Company Secretary (FCS No: 7909, CP No. 8190), has been appointed as the Scrutinizer to conduct the postal ballot process in a fair and transparent manner.

Company Financial Position

The company's recent financial performance shows improvement, with the latest available data indicating a shift from losses to profits. The company has been transitioning from residential real estate to commercial real estate, facility management, warehousing, and food & catering businesses. Management expects the net worth to turn positive following the settlement of outstanding debts with lenders.

Shareholders can access the complete postal ballot notice and related documents on the company's website at www.satchmoholdings.in and participate in the voting process through the designated e-voting platforms.

Source: Exclusive

Satchmo Holdings Limited has successfully completed its Rs 109 crore debt settlement with an Asset Reconstruction Company (ARC), marking the full discharge of outstanding debt facilities for the company and its subsidiaries. The completion was announced on December 30, 2025, following the initial approval received in August.

Settlement Completion Details

The company has now fully discharged and settled its entire debt outstanding, including obligations of its two wholly-owned subsidiaries with the ARC. The final payment for one of the subsidiaries was completed on December 30, 2025, officially closing all outstanding obligations.

Key Milestones and Timeline

The debt settlement process progressed through several important phases:

No Dues Certificates Received

Satchmo Holdings Limited and its subsidiaries have received no dues certificates from the ARC, confirming the complete settlement of all outstanding obligations. This documentation provides formal closure to the debt restructuring process and validates the company's cleared financial standing with the asset reconstruction entity.

Financial Impact

The completion of this settlement has significantly reduced both the company's standalone and consolidated debt positions. This debt restructuring represents a major financial milestone for Satchmo Holdings, potentially improving the company's balance sheet strength and providing enhanced financial flexibility for future operations.

Regulatory Compliance

The company disclosed this completion in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Satchmo Holdings Limited, with CIN L93000KA2004PLC033412, maintains its listing on BSE under stock code 533202 and continues to fulfill all regulatory disclosure obligations.