Admission of Application by NCLT and Appointment of IRP.

Satiate Agri Limited CIN: L24111MP1986PLC003741 Regd. Office: 31, Sneh Nagar, F. No.18, Vatsalay Chamber, Indore, Madhya Pradesh, 452001 Contact: 9300614159; Email Id: shabachemicals@gmail.com; Website: www.satiateagri.com August 21, 2026 BSE Limited, 25th Floor, Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai-400001 BSE Scrip Code: 524546 ISIN: INE06DM01015 Dear Sir/Madam, Subject: Admission of Application by NCLT & Appointment of IRP. Ref.: 1. Disclosure under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“LODR”) read with Schedule III, Part A, Para A, sub-para 16 thereof. 2. Under Section 7 of the Insolvency and Bankruptcy Code, 2016, read with Rule 4 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016. We hereby intimate your good office that Corporate Insolvency Resolution Process (“CIRP”) has been initiated in respect of Satiate Agri Limited ("'Corporate Debtor'), under the provisions of Insolvency and Bankruptcy Code, 2016 ("Code"), by an order of Hon'ble National Company Law Tribunal, Indore Bench (“NCLT”), in CP No. CP(IB)/77(MP)2026 dated August 20, 2026; order made ready and available on August 21, 2026 on e-mail ("Order"), and accordingly MVK IPE LLP (Reg. No. IBBI/IPE-0134/IPA-1/2022-23/50028) has been appointed as an Interim Resolution Professional for the Corporate Debtor (“IRP”). A copy of the said Order is attached herein for your reference. You are requested to please take on record the said information for your reference and oblige. This is for your kind information and necessary records. Thanking you, Yours Faithfully, For Satiate Agri Limited Priya Bhandari Company Secretary & Compliance Officer Enclosure: Copy of NCLT Order NATIONAL COMPANY LAW TRIBUNAL INDORE BENCH COURT NO. 1 ITEM No.203 CP(IB)/77(MP)2026 Order under Section 7 IBC IN THE MATTER OF: Excellence Finance Pvt Ltd ........Applicant Satiate Agri Ltd ........Respondent Coram: Hon’ble Shri Brajendra Mani Tripathi, Member (J) Hon’ble Shri Man Mohan Gupta Member (T) PRONOUNCEMENT OF ORDER Delivered on 20/08/2026 The case is fixed for pronouncement of the order. The order is pronounced in open Court vide separate sheet. SD/- SD/- MAN MOHAN GUPTA BRAJENDRA MANI TRIPATHI MEMBER (TECHNICAL) MEMBER (JUDICIAL) Tomar NCLT INDORE BENCH CP (IB) No. 77/(MP)/2026 Order dated: 20.08.2026 NATIONAL COMPANY LAW TRIBUNAL INDORE BENCH, INDORE COURT NO. 1 CP (IB) No. 77/(MP)/2026 [Under Section 7 of the Insolvency and Bankruptcy Code, 2016, read with Rule 4 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016] IN THE MATTER OF: EXCELLENCE FINANCE PRIVATE LIMITED 601, Ravi Building, 189/191, Dr. D.N. Road, Near Central Camera Co., Fort, Mumbai, Maharashtra – 400001 …Applicant/Financial Creditor Versus SATIATE AGRI LIMITED 31, Sneh Nagar, 18, Vatsalya Chamber, Indore, Madhya Pradesh – 452001 …Respondent/Corporate Debtor CORAM: HON’BLE SHRI BRAJENDRA MANI TRIPATHI, MEMBER (JUDICIAL) HON’BLE SHRI MAN MOHAN GUPTA, MEMBER (TECHNICAL) Order Pronounced on: 20.08.2026 Appearance: For the Applicant : Ms. Ayushi Patidar, PCA (Online) For the Respondent : Mr. Rohit Dubey, Adv (Online) Page 2 of 17 NCLT INDORE BENCH CP (IB) No. 77/(MP)/2026 Order dated: 20.08.2026 O R D E R 1. The present company petition has been filed by Excellence Finance Private Limited (“Applicant”/“Financial Creditor”) under Section 7 of the Insolvency and Bankruptcy Code, 2016 (“the Code”), read with Rule 4 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, seeking initiation of Corporate Insolvency Resolution Process (“CIRP”) against Satiate Agri Limited (“Respondent”/“Corporate Debtor”), for default in repayment of a financial debt aggregating to Rs. 6,27,09,615/- (Rupees Six Crore Twenty-Seven Lakh Nine Thousand Six Hundred and Fifteen only), inclusive of interest, as on the date of default, i.e. 31.03.2026. 2. Upon perusal of Part-I of Form-1, it is seen that the Applicant/Financial Creditor is a private company incorporated on 09.06.2007 under the Companies Act, 1956, bearing CIN U65910MH2007PTC171483 and PAN AABCE7869B, having its registered office at 601, Ravi Building, 189/191, Dr. D.N. Road, Near Central Camera Co., Fort, Mumbai, Maharashtra – 400001. The present Application has been filed and verified through Mr. Rameshwar Raut, Director of the Applicant company, duly authorised vide Board Resolution dated 20.05.2026 (Annexure-B). 3. Perusal of Part-II of Form-1 indicates that the Respondent/Corporate Debtor, Satiate Agri Limited, bearing Page 3 of 17 NCLT INDORE BENCH CP (IB) No. 77/(MP)/2026 Order dated: 20.08.2026 CIN L24111MP1986PLC003741, is a Public Limited Company registered with the Registrar of Companies, Gwalior, having its registered office at 31, Sneh Nagar, 18, Vatsalya Chamber, Indore, Madhya Pradesh – 452001, with an authorised share capital of Rs. 3,50,00,000/- and paid- up share capital of Rs. 2,91,63,500/-. 4. Perusal of Part-III of Form-1 indicates that the Applicant has proposed MVK IPE LLP (Reg. No. IBBI/IPE-0134/IPA- 1/2022-23/50028), AFA Valid till 31.12.2026, acting through its Designated Partner, Mr. Mangesh Vitthal Kekre, Insolvency Professional (Reg. No. IBBI/IPA-001/IP- P00539/2017-18/10964), to act as the Interim Resolution Professional (“IRP”). The written communication in Form-2 has been furnished under Rule 9 of the Adjudicating Authority Rules, 2016, along with the certificate of registration and Authorisation for Assignment (“AFA”) of the proposed IRP, valid up to 31.12.2026 (Annexure-D). 5. Perusal of Part-IV of the Form-1 reveals that the Applicant/Financial Creditor has granted loan to the corporate debtor secured by pledging of shares by the corporate debtor as security and the total amount in default is claimed to be Rs. 6,27,09,615/- as on 31.03.2026. The date of default is mentioned as 31.03.2026. 6. It is stated that the Demand Notice was issued by the Financial Creditor on 12.05.2026 is annexed as ‘Annexure- Page 4 of 17 NCLT INDORE BENCH CP (IB) No. 77/(MP)/2026 Order dated: 20.08.2026 N’. The working for computation of the amount is annexed as ‘Annexure F’. PLEADINGS OF THE APPLICANT/FINANCIAL CREDITOR 7. The Applicant/Financial Creditor has placed the facts through this Petition, along with supporting documents, in the following manner: 7.1 That the Corporate Debtor availed a loan facility of Rs. 5,00,00,000/- (Rupees Five Crore only) from the Financial Creditor vide Loan Agreement dated 10.09.2025, for the express purpose of investing in shares of related entities of borrowers for future business opportunities. The said amount was disbursed to the Corporate Debtor in tranches on various dates, commencing from 12.09.2025 and continuing up to 09.10.2025 (Annexure-E). 7.2 That the Corporate Debtor further availed a loan facility of Rs. 1,00,00,000/- (Rupees One Crore only) from the Financial Creditor vide Loan Agreement dated 06.10.2025, which was disbursed in tranches between 09.10.2025 and 03.11.2025. Consequently, the total principal amount disbursed by the Financial Creditor to the Corporate Debtor stood at Rs. 6,00,00,000/- (Rupees Six Crore only). 7.3 That the said loans were secured by a pledge of shares of Aadi Chemtrade Limited held by the Corporate Page 5 of 17 NCLT INDORE BENCH CP (IB) No. 77/(MP)/2026 Order dated: 20.08.2026 Debtor, in terms of Share Pledge Agreements dated 11.12.2025 and 23.12.2025, and that the charge in respect thereof stands registered with the Registrar of Companies (Annexure-G). 7.4 That the loan became due and payable on 31.03.2026 in terms of the respective Loan Agreements, and the Corporate Debtor failed to repay the same on the due date. 7.5 That the Applicant/Financial Creditor, vide e-mail dated 15.04.2026, called upon the Corporate Debtor to repay the outstanding dues within 15 days of receipt thereof, However, the Corporate Debtor [Showing first 8,000 characters — download PDF for full document]