Satchmo Holdings Ltd

Subsidiary name change

• Wholly owned subsidiary Satchmo Services Private Limited renamed to SERVICE COMPANY PRIVATE LIMITED; registered office and objects unchanged.

Standalone results

• Q1 FY27 revenue from operations Rs 119 lakh; total income Rs 126 lakh.
• PAT Rs -377 lakh; basic and diluted EPS Rs -0.26.
• All operations in India; no separate geographical segment.

Consolidated results

• Q1 FY27 consolidated PAT and PBT Rs -470 lakh; EPS Rs -0.32.
• Net income from operations (consolidated) Rs 129 lakh; segment-level losses shown.

Audit emphasis & risk notes

• Long Island Project dispute; Rs 1,928 lakh liability; revenue not recognised since Mar 31, 2025.
• NDC from HDFC Ltd pending; Rs 1,554 lakh settled; management says no further payable.
• Rio project not renewed under RERA since Mar 31, 2019.
• VAT dues outstanding; Rs 1,259 lakh; reasons not provided.
• Quarterly disbursements Rs 19.74 lakh; payee details not provided.

Subsidiaries formed

• Satchmo Foods Private Limited incorporated 28 Jan 2025.
• Satchmo Services Private Limited incorporated 21 Jan 2026.

Business model & segments

• Segments: service business of facilities/manpower/catering; investments in equities.
• All operations in India; no separate geographical segment.

Meeting Details

• Board meeting scheduled for July 24, 2026; time and venue not disclosed.

Key Agenda Items

• Consider unaudited standalone and consolidated financials for Q1 FY2026 (ended 30 June 2026).

Other Notes

• No trading window closure details disclosed.

Dematerialisation/rematerialisation reporting

• Registrar confirms details dematerialised/rematerialised were furnished to all stock exchanges.
• NSDL certificate confirms dematerialisation/rematerialisation details furnished to all stock exchanges.
• CDSL certificate confirms dematerialisation/rematerialisation details furnished to all stock exchanges.

Governance and related party updates

• Re-appointed L S Vaidyanathan as Director (Executive, Business Development) for 14 months (1 Jun 2026–31 Jul 2027).
• Re-appointed Ramesh Karur Raghavendran as WTED-Finance/CFO; retires by rotation at the AGM on 30 Jun 2026.
• Approved investments, loans, guarantees, and securities under Sections 185/186 for Satchmo Services (WOS) or Indian entities.
• Approved existing and new Material Related Party Transactions for FY2026-27 through next AGM; aggregate limit Rs 10 crore.
• Annexure-C lists related parties and RPT terms; ordinary course, arm's length; Rs 10 crore limit.
• RPT tenure extends until the next AGM, planned in 2027.

AGM Details

• Date and time: 30 June 2026 at 9:00 AM; VC/OAVM.
• Meeting started 9:00 AM and ended 9:52 AM.
• Shareholders on record date: 20,861.
• Meeting conducted through VC/OAVM; physical attendance dispensed.

Resolutions and outcomes

• Resolution 1 (Ordinary): Adopt Audited Financial Statements; passed 99.9999% in favour.
• Resolution 2 (Ordinary): Re-appoint Ramesh Karur Raghavendran as Whole-time ED and CFO; by rotation.
• Resolution 3 (Special): Remuneration for L. S. Vaidyanathan as Executive Director approved.
• Resolution 4 (Special): Approve existing and new material related party transactions.
• Resolution 5 (Special): Approve investments, loans, guarantees, and securities in Satchmo Services Private Limited or affiliates.

AGM Details

• AGM held on 30-06-2026 at 9:00 AM via VC/OAVM.
• Cut-off and record date fixed at 23-06-2026.
• 61 members attended; 60 via video.

Resolutions

• Adopt audited standalone and consolidated financial statements for year ended 31 March 2026.
• Re-appoint Ramesh Karur Raghavendran as Whole-time Executive Director – Finance & CFO, retiring by rotation.
• Re-appoint and approve remuneration payable to L. S. Vaidyanathan as WTD – Business Development.
• Approve existing and new Material Related Party Transactions.
• Approve investments, loans, guarantees, and securities in Satchmo Services Private Limited or other Indian entities.
• Voting results to be provided in Scrutinizer's report; not disclosed in filing.

Directors

• Ramesh Karur Raghavendran re-appointed as WED Finance & CFO.
• L. S. Vaidyanathan re-appointed as WTD – Business Development; remuneration approved.

Auditors

• Statutory Auditor: KAMG & Associates.
• Secretarial Auditor: Kedarnath & Karthik Associates.
• Scrutinizer: Practising Company Secretary.
• Statutory auditors issued an unqualified report.