SSMD Agrotech India Limited has announced the opening of its second Direct-to-Consumer (D2C) store as part of its strategic expansion plan funded through Initial Public Offering proceeds. The company informed BSE Limited about this development through an official intimation dated January 13, 2026.

Store Launch Details

The second D2C store is scheduled to commence operations from January 15, 2026. This marks a significant milestone in the company's retail expansion strategy under its House of Manohar brand.

IPO Proceeds Utilization

The store opening represents the utilization of funds raised through the company's Initial Public Offering, directly aligned with the objects of the issue as disclosed in the IPO offer documents. This development demonstrates the company's commitment to executing its stated expansion plans and deploying IPO proceeds as outlined to investors.

Company Background

SSMD Agrotech India Limited, formerly known as SSMD Agrotech India Private Limited, operates under the House of Manohar brand. The company is incorporated with CIN number U10611DL2023PLC421046 and maintains its corporate presence in Delhi.

Strategic Expansion

The rollout of D2C retail stores forms a crucial component of the company's growth strategy. By establishing direct retail presence, SSMD Agrotech aims to strengthen its market position and enhance customer reach through its House of Manohar brand portfolio.

The company has formally notified BSE Limited about this development, ensuring compliance with listing requirements and keeping stakeholders informed about the progress of its expansion initiatives funded through IPO proceeds.

SSMD Agrotech India Limited announced significant corporate governance developments following its Board of Directors meeting held on December 31, 2025. The company approved key appointments in auditing functions and initiated a brand alignment strategy through a proposed scrip name change, as communicated to BSE Limited under Regulation 30 of SEBI Listing Regulations.

Secretarial Auditor Appointment

The board approved the appointment of M/s G Rishabh & Co., Company Secretaries as the company's Secretarial Auditor for an extended five-year term. The appointment requires shareholder approval through postal ballot and follows regulatory requirements under Section 204 of Companies Act, 2013 and Regulation 24A of SEBI (LODR) Regulations, 2015.

M/s G Rishabh & Co. is a peer-reviewed firm of practicing Company Secretaries promoted by Mr. Rishabh Gupta. The firm specializes in legal and secretarial consultancy covering diverse areas of corporate laws and related fields. Their service portfolio includes secretarial, legal, and compliance-related matters, and the firm maintains a valid Peer Review Certificate.

Internal Auditor Designation

On the recommendation of the Audit Committee, the board appointed Mr. Rajmani Thakur as Internal Auditor for Financial Year 2025-26. The appointment follows the provisions of Section 138 of the Companies Act, 2013.

Mr. Thakur's responsibilities encompass conducting internal audits of financial, operational, and compliance functions, reviewing internal control systems and risk management processes, and ensuring compliance with the Companies Act, 2013, and applicable laws. His role includes verifying books of accounts, vouchers, and supporting documents, while reporting findings and recommendations to the Audit Committee and management.

Scrip Name Modification

The board approved a strategic branding initiative to change the company's scrip name on BSE SME from "SSMD" to "House of Manohar." This change aims to align the trading symbol with the company's main brand identity.

Meeting Compliance and Documentation

The board meeting was conducted in full compliance with the provisions of the Companies Act, 2013, Secretarial Standard-1, and applicable SEBI Regulations. The meeting commenced at 1:30 PM and concluded at 1:50 PM on December 31, 2025. The company formally communicated these decisions to BSE Limited through proper regulatory channels, with Company Secretary Rajesh Thakur signing the compliance documentation.