Satiate Agri Ltd

Satiate Agri Limited trading window closed from 01 October 2026 till 48 hours after the declaration of unaudited standalone and consolidated financial results for the quarter and half year ending 30 September 2026.

AGM details

• Date and mode: 27 August 2026, via VC/OAVM.
• Start time 5:00 PM; end time 5:16 PM.
• Record date for voting established.

Key resolutions

• Adopt audited financial statements and reports.
• Re-appoint director by rotation.
• Appoint independent director.
• Special: appoint a KMP as Whole-Time Director.

Voting results

• All resolutions passed with full in-favour.
• No substantial dissent reported for any item.

Dividend

• Dividend: no proposal or declaration at AGM.

Director changes

• Non-executive director reappointed by rotation.
• Independent director appointed.
• KMP/Whole-Time Director appointed.

AGM details

• AGM held on 27 August 2026 at 5:00 PM IST via VC/OAVM.
• Venue deemed at registered office; meeting conducted without physical attendance.
• Quorum: 21 members attended via VC/OAVM.
• IRP chaired; CIRP admitted by NCLT; IRP MVK IPE LLP appointed.
• Powers of the Board suspended; management vested in IRP.
• Meeting concluded at 5:16 PM.

Resolutions & voting

• Ordinary: Adoption of audited financial statements for the latest financial year.
• Ordinary: Reappointment by rotation of a director.
• Ordinary: Appointment of a non-executive non-independent director.
• Special: Appointment of a whole-time director (KMP).
• Note: Voting results to be separately intimated to stock exchange.

Governance status

• IRP chaired meeting; powers of Board suspended during CIRP.
• Present members: 21 via VC/OAVM.
• IRP appointed; CIRP proceedings ongoing.

Auditors & disclosures

• Statutory and Secretarial Auditors attended; no changes in appointment disclosed.

Event and authority

• Public CIRP initiation confirmed; NCLT Indore Bench orders proceedings.

IRP appointment

• Interim Resolution Professional appointed: MVK IPE LLP; IBBI registration noted.

Dates and claims

• Insolvency commencement date per NCLT order.
• Claim submission deadline stated in the public announcement.
• Estimated closure date of the CIRP stated in the public announcement.
• Financial creditors must submit proofs electronically.
• Other creditors may submit proofs by post, in person, or electronically.
• No creditor classes identified under 21(6A)(b).

Governance and going concern

• No management changes disclosed; IRP to oversee CIRP.
• Going concern status not disclosed in the public announcement.

CIRP initiation and IRP appointment

• NCLT Indore, CP(IB)/77(MP)/2026, admits Satiate Agri Limited into CIRP under IBC Section 7.
• Order pronounced on 20.08.2026; MVK IPE LLP appointed IRP.
• Debt admitted: Rs 6,27,09,615 as on 31.03.2026; principal Rs 6,00,00,000.
• Two loans: Rs 5,00,00,000 and Rs 1,00,00,000; due 31.03.2026; disbursed 12.09.2025–03.11.2025.
• Security by pledge of shares of Aadi Chemtrade Limited; charge registered with ROC.
• Demand notices: 15.04.2026 (email) and 12.05.2026 (speed post); delivered 16.05.2026.
• IRP to publish public announcement; form Committee of Creditors within 30 days; first meeting within 7 days.
• Moratorium under Section 14 starts from order date; continues till CIRP completion or resolution plan approval.
• IRP to take custody of assets; suspended Board to cooperate.
• Creditor to deposit INR 50,000 with IRP within one week for CIRP costs.
• Section 12A settlement option remains open.

Financial results overview

• Quarter ended 30 June 2026: unaudited standalone and consolidated results.
• Limited Review by S. N. Gadiya & Co; board approved on 13 Aug 2026.
• Two associates' interim results not reviewed by the firm.
• Associates’ revenues Rs 87.26 lacs; net loss Rs 18.43 lacs.
• Consolidated results include associates Alpha Tar Industries and Digital Micron Roto Print.
• Results available on company website and BSE; IND AS compliant.

Financial results and disclosures

• Board approved unaudited standalone and consolidated results for quarter ended 30 June 2026.
• Limited Review Report by M/s S. N. Gadiya & Co attached.
• Audit Committee reviewed and placed the results on record.
• SEBI LODR disclosures: deviation in proceeds not applicable.
• Outstanding defaults on loans to be filed with XBRL.
• Related party transactions not applicable.
• Impact of audit qualifications not applicable.