Satiate Agri Ltd

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.

Meeting Details

• Board meeting scheduled for Thursday, August 13, 2026; time and venue not disclosed.

Key Agenda Items

• Consider and approve unaudited standalone and consolidated quarterly results for quarter ended June 30, 2026.

Other Notes

• Trading window closed from July 1, 2026 until 48 hours after results.

Demat/Remat status

• No explicit processing status of dematerialisation/rematerialisation requests is provided.

Meeting Details

• Board meeting scheduled for 30 May 2026.
• Meeting time and location were not disclosed.

Key Agenda Items

• Consider and approve audited financial results for quarter and year ended 31 March 2026.

Other Notes

• Trading window closed from 1 April 2026 until 48 hours after results declaration.