Narmada Agrobase Ltd Board Meeting Scheduled To Discuss Rights Issue Variation and Auditor Appointments
Narmada Agrobase Ltd has scheduled a meeting of its Board of Directors to consider several key operational and financial matters, including the variation of objects related to a recent rights issue and the appointment of auditors.The Board of Directors meeting is set to take place on Tuesday, June 16, 2026, at 03:00 pm (IST). The meeting will be held at the company's corporate office located in Ahmedabad, Gujarat.
The agenda for the meeting includes reviewing and approving critical items related to the company's future operations and governance. These agenda items cover updates on share capital utilization, financial reporting requirements, and general assembly procedures.
Key points scheduled for deliberation at the board meeting include:
| Agenda Item | Details |
|---|---|
| Rights Issue Modification | To consider and approve the variation in the object of the Rights Issue, modifying objectives stated in the Letter of Offer dated September 17, 2024. |
| Auditor Appointments | Appointment of the Internal Auditor for the financial year 2026-27, and re-appointment of the Statutory Auditor. |
| AGM Planning | To approve the notice of the 14th Annual General Meeting (AGM) and to fix its day, date, and time. |
| Financial Reporting | Approval of the Directors Report and other annexures for the financial year ending March 31, 2026. |
| E-voting Scrutiny | Appointment of a Scrutinizer for the e-voting process scheduled for the ensuing Annual General Meeting. |
The meeting is also set to include any other business with the permission of the Chairman. The Chairman and Managing Director, Neerajkumar Sureshchandra Agrawal, is overseeing this corporate event.
NARMADA Stock Price Movement
Narmada Agrobase Limited shares settled lower today, shedding 20% and reaching an indicative close of ₹35.37. The significant pullback follows a period where the equity had previously hit its 52-week high, despite trading on solid volume in the post-market phase.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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