SSMD Agrotech India Limited announced multiple strategic decisions during its board meeting held on February 14, 2026. The company's board of directors convened from 6:00 PM to 6:30 PM to address key operational and financial matters under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements.

Internal Auditor Changes

The board acknowledged the resignation of Mr. Rajmani Thakur (PAN: BHJPM8033J) as Internal Auditor, effective February 10, 2026. Following the Audit Committee's recommendation, the board appointed Ms. Nancy Jain, Practicing Chartered Accountant (Membership No.: 556851), as the new Internal Auditor for Financial Year 2025-26 under Section 138 of the Companies Act, 2013.

Ms. Jain's responsibilities include conducting internal audits of financial, operational, and compliance functions, reviewing internal control systems and risk management processes, ensuring compliance with the Companies Act 2013 and applicable laws, and reporting audit findings to the Audit Committee and management.

Business Expansion Authorization

The board authorized Managing Director Mr. Ishu Munjal to negotiate, finalize, and execute a Memorandum of Understanding with DEMETER COMMODITIES SL for oil sector business expansion. This authorization includes signing agreements, deeds, and related documents necessary for the partnership.

Financial Facility Approval

The board approved an Overdraft facility of up to ₹5 crore from banks or financial institutions specifically for oil sector business expansion. Mr. Ishu Munjal received authorization to negotiate terms and conditions, execute loan agreements, security documents, and handle all related procedural requirements.

Monitoring Report Adoption

The board adopted the Monitoring Agency Report for the quarter ended December 31, 2025, concerning the utilization of proceeds raised by the company. This adoption demonstrates the company's commitment to transparent financial reporting and regulatory compliance.

The meeting proceedings were documented and signed by Company Secretary & Compliance Officer Rajesh Thakur (Membership No.: A71143), ensuring proper regulatory compliance under SEBI guidelines.

SSMD Agrotech India Limited has announced the complete repayment of its Corporate Working Capital Facility worth Rs. 5.3 crores, marking a significant milestone in the company's financial management strategy. The repayment was executed using proceeds from the company's Initial Public Offering (IPO), demonstrating the effective utilization of raised capital as outlined in their offering documents.

Facility Details and Repayment Confirmation

The company received a no dues certificate dated February 10, 2026, from the lender, officially confirming the full settlement of the facility. The following table summarizes the key details of the repaid facility:

The lender has confirmed that the entire amount due and payable has been repaid in full, and all securities provided to secure the facility have been officially released.

IPO Proceeds Utilization

This repayment represents the successful execution of the company's capital allocation strategy as disclosed in their IPO offer documents. The utilization of IPO proceeds for debt repayment aligns with the company's stated objectives of strengthening its financial position and reducing debt obligations. The transaction demonstrates disciplined financial management and adherence to the commitments made to investors during the public offering process.

Regulatory Compliance and Documentation

SSMD Agrotech India Limited has formally notified BSE Limited about this development through proper regulatory channels. The company, trading under scrip code 544621 and scrip name SSMD, submitted the necessary documentation including the no dues certificate to ensure full compliance with listing requirements. Company Secretary and Compliance Officer Rajesh Thakur (Membership No. A71143) signed the intimation letter, maintaining proper corporate governance standards throughout the process.

Financial Impact and Strategic Implications

The complete repayment of the Rs. 5.3 crore working capital facility eliminates the associated interest burden and financial obligations from the company's books. This strategic move enhances the company's financial flexibility and positions it for future growth initiatives without the constraints of this particular debt facility. The successful completion of this repayment also demonstrates the company's ability to effectively deploy IPO proceeds according to planned objectives.