Puretrop Fruits Ltd

Puretrop Fruits Limited (formerly Freshtrop Fruits Limited) trading window closed from October 01, 2026 until 48 hours after the declaration of the unaudited financial results for the half-year ended September 30, 2026.

AGM Details

• Date/time: 15 Sep 2026, 4:00 PM IST (VC/OAVM).
• Record date: 8 Sep 2026.
• Mode: Video Conference / OAVM.
• Shareholders on record: 4,661.
• Attendees: 6 promoters, 31 public via VC.

Key Resolutions

• Resolution 1 (Ordinary): Receive and adopt financial statements and reports.
• Resolution 2 (Ordinary): Re-appoint Ramchandra Joshi by rotation.
• Resolution 3: Re-appoint Pradeep Katyal as Independent Director.
• Resolution 4: Re-appoint Sharada Iyer as Independent Director.
• Resolution 5: Appoint Saikiran Saladi as Independent Director.
• Resolution 6: Re-appoint Nanita Maw as Whole-Time Director for two years.

Voting Results

• Resolution 1: Passed; in favour 4,508,558, against 8.
• Resolution 2: Passed; in favour 4,508,554, against 12.
• Resolution 3: Passed; in favour 4,508,554, against 12.
• Resolution 4: Passed; in favour 4,508,554, against 12.
• Resolution 5: Passed; in favour 4,508,558, against 8.
• Resolution 6: Passed; in favour 3,038,475, against 8,187.

Dividend

• No dividend proposed or approved.

Director Changes

• Ramchandra Joshi re-appointed by rotation.
• Independent directors Katyal, Iyer, Saladi appointed/re-appointed.
• Nanita Maw re-appointed as Whole-Time Director for two years from 01 Apr 2027.

Auditor Appointments

• No changes to statutory or other auditors disclosed.

Material Related Party Transactions

• No material related party transactions disclosed.

Other Material Approvals

• No other material approvals disclosed.

AGM Details

• AGM held on Sep 15, 2026 at 4:00 PM IST via VC/OAVM.
• Remote e-voting from Sep 12 to Sep 14, 2026.
• Scrutinizer appointed; results to be announced after scrutiny.
• Secretarial and Statutory Auditors' representatives attended to answer questions.
• Meeting concluded at 4:45 PM.

Key Resolutions

• Adopt Audited Standalone Financial Statements for FY2025-26; Ordinary Resolution; outcome not disclosed.
• Re-appoint Ramchandra Joshi by rotation; Special Resolution.
• Re-appoint Pradeep Katyal as Independent Director; Special Resolution.
• Re-appoint Sharada Iyer as Independent Director; Special Resolution.
• Re-appoint Saikiran Saladi as Independent Director; Special Resolution.
• Re-appoint Nanita A Motiani as Whole-Time Director for two years from 01-Apr-2027; Special Resolution.

Governance Details

• Scrutinizer appointed: Manoj Hurkat & Associates.
• Chair for Item 6 rotated due to director interest; Pradeep Katyal chaired.

Financial highlights

• Revenue from operations: 12,188.22 lakhs; up from 11,169.23.
• Total income: 12,571.55 lakhs; up from 11,426.76.
• PBT: 961.80 lakhs; reversed prior year's loss of 888.46.
• PAT (Total): 2,529.02 lakhs.
• PAT from continuing operations: 726.33 lakhs.
• PAT from discontinued operations: 1,802.69 lakhs.
• EPS (Total): 31.73; continuing EPS: 9.11.
• ROE: 19.88%; Net worth: 13,785.48 lakhs.
• Dividend: No dividend declared.
• Operating cash flow: 2,407.65 lakhs; Invest: -2,085.58; Fin: -310.06.
• Year-end cash: 8.27 lakhs.

Strategy & business model

• Fresh Fruit business sold to Green Agrevolution Private Limited in Nov 2023.
• Pivoted to core fruit-processing operations: pulps, concentrates, purees, juices.
• Exports form the major revenue; focus on value-added products.
• Certifications achieved: KOSHER, SEDEX, Halal; FDA; APEDA RCMC; FSSAI license.
• Growth drivers include efficiency, product diversification, farmer partnerships.

Capital allocation & capital structure

• Buyback: 11,00,000 shares at Rs 200; total Rs 22 crore.
• Post-buyback paid-up capital: 68,69,902 shares.
• Dividend: no dividend for FY2025-26.
• Net debt position: negative Rs 6,577.35 lakhs; equity Rs 13,785.48 lakhs.
• Gross debt: borrowings 109.44 lakhs; cash and investments offset net debt.
• Cash balance at year-end: Rs 8.27 lakhs.

Governance & leadership changes

• Mr. Ashok Murajani resigned as Independent Director on 18 June 2026.
• Dipti Ashok Motiani appointed CEO from 1 March 2026.
• Ms. Preeti Jaiswar resigned; Vanshika Lunia appointed Company Secretary from 1 Feb 2026.
• Mr. Saikiran Saladi appointed Additional Director (Independent) from 7 Aug 2026 for 2 years.
• Ms. Nanita Motiani reappointed Whole Time Director for 2 years from 1 Apr 2027.

CSR & ESG

• CSR obligation for 2025-26: NIL; no mandatory spend.
• Unspent CSR balance Rs 10,78,386 from FY 2023-24 on ongoing projects.
• CSR Committee: Nanita Motiani (Chair), Ashok Murajani, Pradeep Katyal; others in governance.
• CSR policy available on company website.

Risks & outlook

• Global processed fruit demand supports growth; India benefits from PMKSY, PLISFPI, AIF, MIDH.
• Opportunities in strong farmer networks, digital agriculture, value-added products, and private labels.
• Challenges include climate variability, GAP adoption, geopolitical tensions affecting trade.

Related party transactions & audit

• Related party remuneration (FY2025-26): Rs 585.04 lakhs; CEO Dipti Motiani involved.
• Auditors: FP & Associates; Secretarial: Manoj Hurkat & Associates; internal controls robust.
• No fraud reported; compliance with SEBI LODR and corporate governance standards.

Discontinued operations

• Fresh Fruit business sold to Green Agrevolution Pvt Ltd for Rs 77 crore.
• Net assets transferred; net gain of Rs 66.80 crore; additional Rs 23.38 crore profit from discontinued ops.
• Earn-out payments: 15% of grape export net revenue; 10% of pomegranate arils revenue.

AGM Details

• AGM conducted via VC/OAVM at the scheduled time.
• Proxy facility not available for the AGM.
• Remote e-voting facility provided through NSDL.

Key Resolutions

• Ordinary: Adoption of standalone financial statements with directors' and auditors' reports.
• Ordinary: Re-appointment of a director retiring by rotation.
• Special: Re-appointment of an independent director for a second five-year term.
• Special: Re-appointment of another independent director for a five-year term.
• Special: Appointment of an additional independent director for a two-year term.
• Special: Re-appointment of Whole-Time Director with remuneration terms.

Voting Results

• Voting results not disclosed in this filing excerpt.

Director Changes

• Re-appointments of retiring and independent directors approved; two independent directors and a whole-time director covered.

Remuneration & Other Approvals

• Remuneration terms for Whole-Time Director approved within statutory limits; board may adjust within Act.

Nanita Motiani – WTD Re-appointment

• Re-appoint as Whole Time Director for 2 years from 1 April 2027; spouse of CMD Ashok V Motiani.

Saikiran Saladi – Independent Director Appointment

• Appointed as Additional Non-Executive Independent Director, effective 7 August 2026, for 2 years; profile: technology transformation.

Pradeep Katyal – Independent Director Re-appointment

• Re-appointed Non-Executive Independent Director from 9 Aug 2026 for 5 years; profile: technology-driven transformation and strategic planning.

Sharada Iyer – Independent Director Re-appointment

• Re-appointed Non-Executive Independent Director from 9 Aug 2026 for 5 years; profile: client relationship management and risk/compliance.

Board approval & audit report

• Board approved unaudited standalone results for quarter ended June 30, 2026.
• Independent Auditor's Review Report by FP & Associates finds no material misstatement.
• Limited Review Report enclosed as Annexure-I.
• Board meeting held August 7, 2026, from 04:00 to 05:30 PM.
• Company renamed to Puretrop Fruits Limited from Freshtrop Fruits Limited.