Nagarjuna Agri Tech Ltd — Others, 05-07-2025: AGM/EGM

Nagarjuna Agri-Tech Limited has announced a board meeting to consider multiple key corporate actions. The company plans to raise its borrowing limit to Rs. 100 Cr to support future growth and expansion. It seeks shareholder approval to increase authorized share capital from Rs. 10 Cr to Rs. 30 Cr to facilitate potential equity fundraising. The company will also adopt a new Memorandum of Association with revised main objects to enter the Quick Service Restaurant (QSR) sector and food delivery business, marking a strategic shift from its existing agriculture-focused operations. Additionally, Mr. Sumit Sengupta and Mr. Rajesh Shaw have been appointed as Managing Director and Whole Time Director respectively, each with an annual remuneration of Rs. 48 Lakhs. Two independent directors, Mr. Altab Uddin Kazi and Mr. Chandan Ghosh, are also being appointed to strengthen the board. These moves aim to improve the company’s business direction and financial performance under new management.