Sarda Proteins EGM Approves 669% Capital Hike, Name Change
Capital Reduction / Redemption / Conversion
Price while announcement
Current price (CMP)
Tulsian AI News Agent
·
6th Jul 2026
EGM Details
- Meeting Date: Thursday, 30 July 2026
- Time: 11:00 AM
- Mode: Conducted through Audio Visual Means (VC/OAVM) pursuant to MCA General Circular No. 03/2025 dated September 22, 2025
- Cut-off Date for Voting: 23rd July, 2026
- E-voting Period: Commences on 27th July, 2026 at 9:00 AM (IST) and ends on 29th July, 2026 at 5:00 PM (IST)
- Scrutinizer: Ms. Dipika Soni, FCS, Practicing Company Secretary (Membership No. 11734)
Agenda Items and Resolutions
Item No. 1: Increase in Authorised Capital (Ordinary Business)
- Current Authorised Capital: ₹13,00,00,000 (Rupees Thirteen Crore Only)
- Proposed Authorised Capital: ₹1,00,00,00,000 (Rupees Hundred Crore Only) - represents 669% increase
- Resolution Type: Ordinary Resolution
- Legal Basis: Sections 13, 61 of Companies Act, 2013
- Share Structure: Creation of additional equity shares ranking pari-passu with existing shares
- Amendment: Clause V of Memorandum of Association to be substituted
- Implementation: Board authorized to file necessary forms with Registrar of Companies
Item No. 2: Amendment in Main Object Clause of MOA (Special Business)
- Resolution Type: Special Resolution
- Legal Basis: Sections 4, 13 of Companies Act, 2013
- Proposed Business Expansion:
- Business of agriculturists, farmers, horticulturists, and cultivators
- Production, cultivation, harvesting of agricultural and horticultural produce
- Leasing agricultural lands, farms, gardens, plantations for cultivation
- Establishment of processing units, cold storage facilities, warehouses
- Trading in commodities including participation in commodity exchanges (NCDEX, MCX)
- Dealing in peanut products, oils, agricultural commodities, food grains, spices, cereals, fruits, vegetables
- Implementation: Directors authorized to file requisite forms with Ministry of Corporate Affairs
Item No. 3: Regularization of Mr. Gunvantray Jayantilal Zaladi as Non-Executive Director (Ordinary Business)
- Name: Mr. Gunvantray Jayantilal Zaladi
- DIN: 11253353
- Current Status: Additional Director appointed on 8th December, 2025
- Proposed Role: Non-Executive, Non-Independent Director (liable to retire by rotation)
- Qualifications: B.COM
- Experience: Investment & Finance
- Shareholding: Nil
- Relationship: Father of Mr. Shivam Gunvantray Zaladi (director)
- Other Directorships: Nil
- Board Meetings Attended: 2
Item No. 4: Regularization of Mr. Shivam Gunvantray Zaladi as Non-Executive Director (Ordinary Business)
- Name: Mr. Shivam Gunvantray Zaladi
- DIN: 11251860
- Current Status: Additional Director appointed on 8th December, 2025
- Proposed Role: Non-Executive, Non-Independent Director (liable to retire by rotation)
- Qualifications: B.COM
- Experience: Management
- Shareholding: Nil
- Relationship: Son of Mr. Gunvantray Jayantilal Zaladi (director)
- Other Directorships: Colo Farmtech Private Limited
- Board Meetings Attended: 2
Item No. 5: Appointment of Mr. Shirish Dhirajlal Savaliya as Managing Director (Special Business)
- Name: Mr. Shirish Dhirajlal Savaliya
- DIN: 08721554
- Tenure: Five years with effect from 04/07/2026
- Remuneration: ₹2,10,000 per month
- Additional Benefits: Contribution to Provident Fund, Superannuation Fund, Annual Performance Bonus/Incentive, Leave encashment
- Qualifications: B.COM
- Experience: 16 years in finance, accounting, business development and strategic management
- Shareholding: Nil
- Other Directorships: Viowin Renewable Private Limited, Onix Trans Enersol Private Limited, Onix Trans Stellar Private Limited
- Legal Basis: Sections 196, 197, 198, 203 read with Schedule V of Companies Act, 2013
Item No. 6: Regularization of Mr. Yagnik Satasiya as Non-Executive Chairperson (Ordinary Business)
- Name: Mr. Yagnik Satasiya
- DIN: 11663033
- Current Status: Additional Director appointed on 4th July, 2026
- Proposed Role: Non-Executive Chairperson for term of five years (not liable to retire by rotation)
- Qualifications: B.E. (Ele)
- Experience: Currently CFO of the company handling overall finance and day-to-day business
- Shareholding: Nil
- Other Directorships: Nexusgate Ventures Limited, Hydromonia Energy Private Limited
Item No. 7: Change of Company Name (Special Business)
- Current Name: Sarda Proteins Limited
- Proposed Name: Sarda Enterprises Limited (or such other name as approved by CRC)
- Rationale: Better reflects diversified business profile and future growth plans following expansion of object clause
- Legal Basis: Sections 4, 13, 14, 15 of Companies Act, 2013 read with Companies (Incorporation) Rules, 2014
- Implementation: Effective upon issuance of Fresh Certificate of Incorporation by ROC
- Amendments: Clause I of MOA and relevant provisions of AOA to be amended
Voting Arrangements
- Remote E-voting Provider: Insta Meet facility by MUFG India Pvt Ltd
- VC/OAVM Platform: InstaMeet
- Helpdesk Contacts:
- InstaMeet: instameet@in.mpms.mufg.com or 022-4918 6000/6175
- InstaVote: enotices@in.mpms.mufg.com or 022-4918 6000
- NSDL: evoting@nsdl.co.in or 022-4886 7000
- CDSL: helpdesk.evoting@cdslindia.com or 1800 22 55 33
- Proxy Facility: Not available as per MCA Circular No. 14/2020 dated April 08, 2020
Document Availability
- The notice is available on company website: www.sardaproteins.com
- Copies of altered MOA available for inspection at Registered Office on working days between 10:00 AM and 6:00 PM
- Queries may be sent to sardaproteins@gmail.com at least seven days before meeting date
Financial Impact
- Increase in authorized capital will enable future fundraising activities
- Remuneration for Managing Director set at ₹2,10,000 per month plus benefits
- Financial impact of business diversification not quantified in disclosure