SSMD Agrotech India Ltd

SSMD Agrotech India Limited: Trading Window closed from October 01, 2026 till 48 hours from the declaration of audited financial results for the half year ending on September 30, 2026.

CFO resignation details

• Name of resigning CFO: Dharmendra Sharma.
• Effective date of resignation: 15 September 2026.
• Reason for resignation: Not disclosed.
• Other material reasons: Not disclosed.
• Board acceptance: Not yet taken note; to be placed before the Board.
• Transition plan: No interim or replacement disclosed.

Issue Overview

• Type: Fresh IPO of equity shares; no undersubscription reported.
• Main objectives: fund working capital, debt repayment, capex for D2C stores.
• Additional objects: capex for Namkeen plant, General Corporate Purpose, and issue-related expenses.
• Total size disclosed; no revision or undersubscription reported.

Utilisation of Proceeds

• Working capital: utilised 0.3975 Cr in Q1; unutilised 5.3503 Cr; ongoing; no delay.
• Repayment of borrowings: utilised 0.1498 Cr; unutilised 1.3835 Cr; ongoing; no delay.
• Capex – D2C dark stores: no utilisation in Q1; unutilised 1.9820 Cr; ongoing; no delay.
• Capex – Namkeen plant machinery: utilised 0.0941 Cr; unutilised 0.7775 Cr; ongoing; no delay.
• General Corporate Purpose: utilised 0.3082 Cr; unutilised 1.7218 Cr; ongoing; no delay.
• Issue Related Expense: no utilisation in Q1; unutilised 0.1413 Cr; ongoing; no delay.
• Unutilised proceeds as of Q1FY27 parked in fixed deposits and bank/monitoring accounts.

Governance and Compliance

• Approvals: all statutory approvals obtained; principal approval from BSE reported.
• Material viability factors: no adverse events or deviations; no changes in means of finance.
• Monitoring: MA report states no conflicts of interest and true-and-fair view; no additional risks noted.

General Corporate Purpose (GCP)

• GCP utilisation total: Rs 0.3082 Cr across multiple sub-heads.
• Board approval for GCP allocation: not explicitly stated in MA.

Demat/remat status

• No dematerialisation or rematerialisation requests were received in the reporting period.
• Regulation 74(5) not applicable as the entire shareholding is in demat form.

AGM Details

• AGM held July 5, 2026 at 11:30 IST via VC/OAVM.
• Record date: June 29, 2026.
• Total shareholders on record: 644.
• Voting mode: remote e-voting and at AGM.
• Promoters present: 6; public: 1 via VC/OAVM.
• Consolidated Scrutinizer's report issued for voting results.

Resolutions & outcomes

• Adopt audited standalone financial statements and reports for the year ended Mar 31, 2026.
• Re-appointment of Jai Gopal Munjal as Director.
• Appointment of Vandana Munjal as Director.
• All resolutions passed by the requisite majority.
• Promoter Ishu Munjal voted in favour.

AGM resolutions

• 3rd AGM held on July 5, 2026 via VC/OAVM.
• Adoption of Audited Standalone Financial Statements for FY2025-26.
• Re-appointment of Jai Gopal Munjal on rotation.
• Appointment of Vandana Munjal as Executive Director, liable to retire by rotation.
• Statutory and Secretarial Audit Reports for FY2025-26 had no qualifications.
• Voting results to be submitted to BSE and posted on company/Bigshare websites.
• Remote e-voting conducted July 2–4, 2026.

Resignation of Whole-Time Director

• Ms. Surbhi Munjal resigned as Whole-Time Director due to personal reasons
• Resignation effective from board meeting date when accepted
• No other material reasons for resignation disclosed
• Vacates position of Whole-Time Director
• No mention of regulatory or shareholder approval required
• No other board or committee memberships disclosed