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Sameera Agro and Infra Ltd. has announced a board meeting outcome addressing several key matters. The Board accepted the resignation of Ms. Pratibha Kumrawat as Company Secretary, effective immediately, and appointed Ms. Shivani Jain in her place. The existing statutory auditors, M/s Damacherla & Associates, resigned, and M/s M MRS & Co. were appointed to fill the casual vacancy. The Board also established a Risk Management Committee and a Corporate Social Responsibility Committee.
In a strategic move, the company acquired a 74% stake in M/s Amar Wineries, subsequently sold to M/s Globe Continental Distilleries, which operates as a subsidiary. There is a push to raise ₹55 Cr through various means to enhance the subsidiary's capabilities, reflecting growth ambitions. Investor sentiment may lean positive due to the strengthening of governance and growth strategy, though attention to the operational transition is crucial.