SSMD Agrotech India Limited has announced a strategic expansion into the import business of agricultural commodities, marking a significant development in the company's growth trajectory. The announcement was made through a regulatory filing under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, dated 06th March, 2026.

Strategic Entry into Import Operations

The company has successfully undertaken its first import of maize, establishing the commencement of its international sourcing operations in the agri-commodity trading segment. This move represents a strategic shift towards diversifying the company's sourcing capabilities and expanding its operational footprint in the agricultural sector.

Launch of Manohar Agro Popcorn Brand

As part of this strategic initiative, SSMD Agrotech India Limited has launched its own brand "Manohar Agro Popcorn" specifically for maize products. The new brand operates under the company's umbrella brand "House of Manohar," through which the imported maize will be marketed and distributed in the domestic market.

The launch of Manohar Agro Popcorn is strategically aimed at strengthening the company's brand presence in the maize and agro-commodity segment. This branding initiative aligns with the company's broader strategy to establish a stronger footprint across the agricultural value chain.

Expected Business Impact

The strategic expansion into import operations and brand development is expected to deliver multiple benefits for the company's long-term growth strategy. The initiative is anticipated to enhance the company's product portfolio while simultaneously improving its sourcing capabilities and expanding its market reach.

This comprehensive approach to business expansion demonstrates the company's commitment to growth through strategic diversification and brand development in the agricultural commodities sector.

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.