Key Quantitative Figures

  • Proposed aggregate transaction value: ₹10,00,00,000.00 (Rupees Ten Crores only) for FY 2026-27
  • Transactions already undertaken with KJPL up to 30th September 2026: ₹2,96,98,189.60 (Rupees Two Crores Ninety-Six Lakhs Ninety-Eight Thousand One Hundred Eighty-Nine and Sixty Paise only)
  • Unutilized balance under proposed ceiling: ₹7,03,01,810.40 (Rupees Seven Crores Three Lakhs One Thousand Eight Hundred Ten and Forty Paise only)
  • Company's annual consolidated turnover for FY 2025-26: ₹82,68,09,056.47 (Rupees Eighty-Two Crores Sixty-Eight Lakhs Nine Thousand Fifty-Six and Forty-Seven Paise only)
  • SEBI materiality threshold (10% of turnover): ₹8,26,80,905.65 (Rupees Eight Crores Twenty-Six Lakhs Eighty Thousand Nine Hundred Five and Sixty-Five Paise only)
  • Proposed ceiling as percentage of turnover: 12.09%

Dates of Action

  • Cut-off date for voting rights: Friday, November 6, 2026
  • E-voting period: Sunday, November 15, 2026 (9:00 AM IST) to Monday, December 14, 2026 (5:00 PM IST)
  • Resolution deemed passed on: Monday, December 14, 2026
  • Financial year covered: 1st April 2026 to 31st March 2027

Parties Involved

  • Listed Entity: Grameva Limited
  • Related Party: Kanknarrah Jute Private Limited (CIN: U17100WB2016PTC216637)
  • Service Provider: National Securities Depository Limited (NSDL)
  • Registrar and Transfer Agent: Cameo Corporate Services Limited
  • Scrutinizer: Mrs. Sneha Agarwal, Practising Company Secretary (Membership No. ACS 38284 & CP 14914)
  • Stock Exchanges: BSE Limited and The Calcutta Stock Exchange Limited

Purpose and Rationale

The company seeks shareholder approval for material related party transactions involving sale of raw jute to Kanknarrah Jute Private Limited during FY 2026-27. The transactions are in the ordinary course of business and expected to support the company's raw-jute trading operations by providing a sales avenue.

Relationship Details

Kanknarrah Jute Private Limited became a related party on 13th July 2026 when Mrs. Maneesha Singh became a Promoter of Grameva Limited following an acquisition and open offer process. Mrs. Maneesha Singh holds 99.99% of Ju-Kasa Crafts Private Limited, which holds 49.97% of KJPL, giving her an indirect economic interest of approximately 49.97% in KJPL.

Transaction Details

  • Nature: Sale of raw jute only (no purchases, loans, investments or other categories)
  • Pricing: Arm's-length basis with reference to prevailing market rates or commercially justifiable methodology
  • Terms: Commercial terms to be mutually agreed, considering grade/quality of jute, quantity, delivery terms, and market conditions
  • Approval: Requires prior Audit Committee approval for individual transactions

Voting Restrictions

All related parties including Mrs. Maneesha Singh, Jagsakti Merchandise Private Limited, and ROS Advisory Private Limited are restricted from voting on this resolution as per Regulation 23(4) and 23(7) of SEBI Listing Regulations.

Historical Transactions

  • FY 2025-26 (pre-related party status): ₹10,22,76,948.20 including sale of goods (₹9,92,94,975.20), loan recovery (₹25,00,000.00), and interest received (₹4,81,973.00)
  • FY 2026-27 (up to 14th August 2026): ₹78,77,179.60 initially disclosed, later updated to ₹2,96,98,189.60 as of 30th September 2026

Financial Impact

The proposed transactions are expected to be commercially beneficial and support business operations. The financial impact is quantified as the transaction value itself, with no additional provisioning or write-offs disclosed.

Governance Process

  • Audit Committee reviewed and approved the transactions on 14th August 2026 and 13th November 2026
  • Board of Directors recommended the resolution on 13th November 2026
  • CEO/CFO certificates reviewed by Audit Committee as per RPT Industry Standards
  • Company maintains a Policy on Materiality of Related Party Transactions

Disclosure Compliance

The notice includes Annexure-I with detailed disclosures as required by SEBI Master Circular and RPT Industry Standards, covering basic details, relationship ownership, previous transactions, proposed transaction details, and justification.

Communication Method

The postal ballot notice is being sent only electronically to members whose email addresses are registered as of the cut-off date. Physical copies are not being dispatched.