Mangalam Seeds Ltd

AGM Details

• AGM held 28 September 2026, 11:00 AM, physical meeting at registered office.
• Record date for voting: 21 September 2026.
• Remote e-voting opened 25 Sep 2026 and closed 27 Sep 2026; ballot voting at AGM.
• Scrutinizer report dated 29 September 2026 submitted.

Resolutions & Outcomes

• Resolution 1 (Ordinary): Adopt audited financial statements for FY ended Mar 31, 2026.
• Resolution 2 (Ordinary): Reappoint director by rotation.
• Note promoter-related interest in Resolution 2; promoter group held related shares.
• Resolution 3 (Ordinary): Appoint Ashish Sheth & Associates as statutory auditor to fill casual vacancy.
• Resolution 4 (Ordinary): Appoint Ashish Sheth & Associates as statutory auditor.
• All resolutions passed unanimously.

Dividend

• Dividend: No dividend proposed or declared.

Director Changes

• Director changes: Reappointed director by rotation.

Auditors & Related Party

• Auditors: Ashish Sheth & Associates appointed as statutory auditor to fill casual vacancy.
• Auditors: Reappointed as statutory auditor for ongoing term.
• Related party: promoter-related interest disclosed; no RPT value disclosed.

Other Material Approvals

• No ESOPs, mergers, or charter amendments reported.

AGM Details

• AGM held on Sept 28, 2026 at 11:00 AM; venue Ahmedabad; physical meeting.

Key Resolutions

• Resolution 1 (Ord): Adopt standalone and consolidated financial statements for the year.
• Resolution 2 (Ord): Reappoint director retiring by rotation.
• Resolution 3 (Ord): Appoint Ashish Sheth & Associates as statutory auditor to fill casual vacancy for FY 2026-27.
• Resolution 4 (Ord): Appoint Ashish Sheth & Associates as statutory auditor of the company.

Voting Results

• Resolution 1: Passed unanimously; all votes in favour.
• Resolution 2: Passed; promoter group shares counted as related party interest.
• Resolution 3: Passed; no votes against.
• Resolution 4: Passed; no votes against.

Auditor Appointments

• Casual vacancy filled for FY 2026-27; regular appointment approved.

Director Changes

• Director reappointed by rotation.

AGM Details

• The 15th AGM was held on September 28, 2026 at 11:00 AM at the registered office, Ahmedabad.
• Meeting commenced at 11:00 AM and concluded at 12:00 PM.
• Remote e-voting was available from Sep 25 to Sep 27, 2026.

Key Resolutions

• Adopt audited standalone and consolidated financial statements for FY ending March 31, 2026.
• Reappointment of director by rotation: Mr. Dhanajibhai Shivramdas Patel.
• Appointed Ashish Sheth & Associates as statutory auditor to fill casual vacancy (FY 2026-27).
• Appointment of Ashish Sheth & Associates as statutory auditor of the company.

Voting Results

• Adoption of financial statements: results not provided in this filing.
• Director reappointment: results not provided.
• Casual vacancy auditor: results not provided.
• Statutory auditor appointment: results not provided.

Director Changes

• Mr. Dhanajibhai Shivramdas Patel reappointed by rotation.

Auditor Appointments

• Ashish Sheth & Associates appointed to fill casual vacancy for FY 2026-27.
• Also appointed as statutory auditor of the company.

Mangalam Seeds Ltd: Trading window closed from Oct 01, 2026 for the period ended September 30, 2026; will reopen 48 hours after the unaudited financial results are announced.

Key disclosures

• AGM of Mangalam Seeds Ltd is scheduled for 28 September 2026 at 11:00 IST in physical mode.
• Web-link to the Integrated Annual Report for FY2025-26 is provided for non-email members.
• No physical copies will be dispatched unless requested.
• Cut-off date for email-enabled notices: August 28, 2026.
• KYC updates and dematerialisation of physical securities urged per SEBI circular 2024-37.
• Updating email IDs is optional but recommended to receive documents electronically.
• AGM notice includes e-Voting instructions and path to Annual Report.
• RTA contact details provided for queries.
• Notice reiterates paperless communication to support green initiative.
• Online Annual Report path published on the company's website.

AGM notice and voting schedule

• 15th AGM scheduled for 28 September 2026 at 11:00 A.M.
• Cut-off date for remote e-voting is 21 September 2026.
• Remote e-voting period: 25–27 September 2026, 09:00–17:00 IST.
• Nimit B. Shah & Co, Chartered Accountants, appointed Scrutinizer for remote voting.

Financial performance

• Standalone revenue from operations ₹10,082.05 Lakhs; FY25 was ₹9,432.30 Lakhs.
• Standalone PAT ₹830.41 Lakhs; FY25 PAT ₹1,010.62 Lakhs.
• Consolidated revenue ₹11,220.07 Lakhs; FY25 ₹10,314.46 Lakhs.
• Consolidated PAT ₹825.31 Lakhs; FY25 ₹1,028.59 Lakhs.
• Standalone EPS ₹7.56; Consolidated EPS ₹7.52.
• Cash & cash equivalents: Standalone ₹159.10 Lakhs; Consolidated ₹179.17 Lakhs.
• Board did not recommend any dividend for FY2025-26.
• CSR: spent ₹27.85 Lakhs against ₹27.69 Lakhs requirement; excess ₹0.15 Lakhs.

Operations and segments

• Consolidated segment revenue: Agriculture ₹10,895.59 Lakhs; Real Estate ₹1,141.22 Lakhs; Unallocated ₹1,388.69 Lakhs.
• Total segment revenue (consolidated) ₹12,066.23 Lakhs; inter‑segment ₹2,199.00 Lakhs; net ₹11,226.49 Lakhs.
• Segment results before tax: Agriculture ₹1,479.06 Lakhs; Real Estate ₹88.89 Lakhs; Unallocated ₹1,115.02 Lakhs.
• Total segment PBT ₹2,682.97 Lakhs; after interest ₹359.44 Lakhs; unallocables ₹1,296.48 Lakhs; total ₹1,027.05 Lakhs.

Capital structure and liquidity

• Equity share capital ₹1,098.02 Lakhs; total equity ₹9,039.79 Lakhs; non‑controlling interest ₹190.00 Lakhs (consolidated).
• Borrowings: Current ₹3,078.45 Lakhs; Non‑Current ₹1,851.12 Lakhs (consolidated: ₹3,078.45 + ₹1,851.12).
• Net debt to equity ratio: 52.55% (consolidated); standalone 50.47%.
• Cash flow: Standalone operating ₹1,219.97 Lakhs; consolidated ₹1,374.91 Lakhs; investing and financing movements noted.

Governance and leadership

• Board strength: 6 (3 Executive, 3 Independent); 17 Board meetings in FY2025-26.
• Independent directors added 23-Jul-2025: Ashish Damodarbhai Patel, Siddhi Arjun Shah, Sanjaykumar J. Shah.
• Auditors: MAAK & Associates resigned; Ashish Sheth & Associates appointed to fill casual vacancy; 5‑year term to 2031.
• Secretarial audit noted several observations, with management explanations and corrective steps.

Risk management and controls

• Internal financial controls found adequate and operating effectively (Standalone and Consolidated).
• Audit Committee responsibilities include oversight of financial reporting and related party transactions.
• CARO disclosures reviewed; no material adverse observations affecting going concern.

CSR and sustainability

• CSR obligation based on 2% of average net profits; average profit ₹13,84,83,731; obligation ₹27,69,675.
• CSR spent ₹27,85,000; excess ₹0.15 lakh; projects include Shree Hiraba Charitable Trust and Rotary Children Hospital.
• CSR policy hosted on the company site; CSR committee chaired by independent director.

Related party transactions

• All related party transactions were at arm's length and in the ordinary course.
• Key relations include Mangalam Nutrifeeds Pvt Ltd (subsidiary) and Agrileeo Agricare Pvt Ltd (subsidiary).
• RPTs reviewed by Audit Committee and Board; balances disclosed in Note 44.

Outlook and strategy

• Management emphasizes R&D for high-yield, disease/pest resistant seeds and climate resilience.
• Strategic emphasis on expanding product portfolio, farmer engagement, and strengthening distribution in Gujarat, Rajasthan.
• Longer-term growth supported by sustainable agriculture, improved seed technologies, and brand differentiation.

AGM details

• Fifteenth AGM on 28 September 2026 at 11:00 AM, at the registered office.
• Physical meeting with optional electronic voting facility.
• Register of Members and Share Transfer Books closed Sep 22–29, 2025.

Ordinary Business – resolutions

• Adoption of standalone and consolidated financial statements for year ended Mar 31, 2026.
• Reappointment of Dhanajibhai Shivramdas Patel by rotation; eligible for reappointment.
• Appointment of Ashish Sheth & Associates as Statutory Auditor to fill casual vacancy.
• Appointment of Ashish Sheth & Associates as Statutory Auditor for five-year term to 2031.

Director changes

• Director: Dhanajibhai Shivramdas Patel seeks reappointment; Executive Director.
• Remuneration details for reappointment not specified in the notice.

Auditor appointments

• Casual vacancy filled by Ashish Sheth & Associates effective Aug 13, 2026.
• Five-year term from this AGM to the 20th AGM (2031); remuneration to be fixed by Board.

Voting and results

• Voting results will be declared at/after the AGM and posted on the company website.

Related party transactions

• No material related party transactions listed for approval in this notice.

Book closure details

• Book closure from Sep 22, 2026 to Sep 28, 2026 inclusive.
• Purpose: 15th Annual General Meeting of Mangalam Seeds Limited.
• AGM date: Sep 28, 2026.
• Security type: Equity shares.