Saptarishi Agro Industries Ltd

AGM details

• Date and time: 25 September 2026 at 1:00 pm.
• Mode: VC/OAVM.
• Voting entitlement cut-off: 18 September 2026.
• Remote e-voting period: 22–24 September 2026.

Resolutions and outcomes

• Resolution 1: Adoption of standalone financial statements; passed 100% in favour.
• Resolution 2: Re-appointment of Rushabh Ravjibhai Patel by rotation; passed 100% in favour.
• Resolution 3: Re-appointment of Janayash Nareshbhai Desai by rotation; passed 100% in favour.
• Resolution 4: Re-appointment as Managing Director; passed 100% in favour.
• Resolution 5: Material related party transaction with Fanidhar Mega Food Park Pvt Ltd; passed 100%.
• Resolution 5b: Material related party transaction with Fanidhar Agrivista Pvt Ltd; passed 100%.

Directors and management changes

• Re-appointment of two directors by rotation approved.
• MD appointment for Rushabh Ravjibhai Patel approved.

Material related party transactions

• Approval of RPT with Fanidhar Mega Food Park Private Limited.
• Approval of RPT with Fanidhar Agrivista Private Limited.

AGM Details

• Date and time: September 25, 2026 at 01:00 PM, held via VC/OAVM.
• Remote e-voting window: September 22–24, 2026.

Key Resolutions

• Ordinary: Adoption of audited financial statements for year ended March 31, 2026; voting results to be disclosed separately.
• Ordinary: Re-appointment of Rushabh Ravjibhai Patel, retires by rotation; voting results to be disclosed separately.
• Ordinary: Re-appointment of Janayash Nareshbhai Desai, retires by rotation; voting results to be disclosed separately.
• Special: Re-appoint Rushabh Ravjibhai Patel as MD for 3 years from Aug 11, 2026; pending independent director approval.
• Ordinary: Approve related party transaction with Fanidhar Mega Food Park Private Limited; voting results to be disclosed separately.
• Ordinary: Approve related party transaction with Fanidhar Agrivista Private Limited; voting results to be disclosed separately.

Saptarishi Agro Industries Limited — Closure of trading window from October 1, 2026 till forty-eight hours after the announcement of the Financial Results for the 2nd Quarter of FY 2026-27 (quarter ended 30 September 2026).

Book closure & AGM details

• 34th AGM scheduled for 25 September 2026 at 01:00 PM via VC/OAVM.
• Book closure from 18 September 2026 to 25 September 2026, both days inclusive.
• Record date for determining voting eligibility is 18 September 2026.
• E-voting window runs from 22 September 2026 at 09:00 to 24 September 2025 at 5:00 PM.
• Security type affected: equity shares.

Financial highlights

• Revenue from operations: 7060.12 Lakhs; prior year 7943.15.
• Total revenue: 8168.23 Lakhs.
• EBITDA: 305.48 Lakhs; PAT: 89.35 Lakhs.
• EPS: ₹0.26; dividend declared: none.
• Interest: 130.13 Lakhs; Depreciation: 86.00 Lakhs.

Business developments

• French Fries & Frozen Vegetables facility commissioned at Fanidhar Mehsana, Gujarat.
• Facility capacity ~1 MT/hour; annual ~6,000 MT.
• Brand FRAYTOZ launched; branding/packaging completed; sales/export underway.
• Growth Town Phase I (8.61 acres) launched at Chengalpattu; 211 plots sold; 180 registrations.
• Phase II planning initiated; regulatory approvals underway.

Capital structure & liquidity

• Authorised capital unchanged at Rs 36 crore; issued share capital Rs 3402.20 Lakhs.
• Total debt: Long-term 1095.64; current borrowings 2666.30; total 3761.94.
• Net debt to equity: 346.81%; gearing up due to new borrowings.
• Retained earnings: (2324.72) Lakhs; reserves negative.
• Total assets: 7,622.08 Lakhs.

Related party transactions & governance

• Material related party transactions with Fanidhar Mega Food Park Private Limited; aggregate up to Rs 50 Crore; arm's length.
• Material related party transactions with Fanidhar Agrivista Private Limited; aggregate up to Rs 50 Crore.
• Audit Committee approved; term valid until next AGM; Board to finalize terms.
• Rushabh Ravjibhai Patel to be reappointed as MD for 3 years from 11 Aug 2026; subject to member approval.
• Directors' reappointment by rotation: Desai and Rushabh Patel; board recommendation.

Operations & performance by segment

• Mushroom trading revenue: 6666.87 Lakhs; PBT 276.14.
• Frozen Fries & Vegetables (Gujarat) revenue: 393.24; PBT -944.58.
• Land development revenue: 0; PBT 887.91; Growth Town progress continues.
• Total segment revenue: 7060.12; total segment assets: 7472.33 Lakhs.

Governance & audit

• Board: 8 directors; 6 meetings in FY2025-26.
• Independent Directors met on 26 March 2026 to evaluate performance.
• Statutory auditors: Mayur Shah & Associates; Secretarial: Chirag Shah & Associates; Internal: Jayanta & Associates.
• Auditors' report: Unmodified; secretarial audit: Annexure A; no disqualifications.

Outlook & risks

• Diversified model expected to drive growth across agri, food processing, and real estate.
• FRAYTOZ brand to expand market share; focus on capacity utilization and exports.
• Growth Town progression to subsequent phases subject to regulatory approvals.

CSR & compliance stance

• CSR provisions not applicable for the year.
• Vigil mechanism and code of conduct in place; POSH compliance established.

AGM details

• Date and time: 25 September 2026 at 01:00 PM IST via VC/OAVM.
• Record/closure: 18 September to 25 September 2026.

Ordinary resolutions

• Adopt audited standalone financial statements for year ended 31 March 2026.
• Re-appoint Rushabh Ravjibhai Patel by rotation.
• Re-appoint Janayash Nareshbhai Desai by rotation.

Special resolutions

• Re-appoint Rushabh Ravjibhai Patel as Managing Director for 3 years.

Related party transactions

• RPT with Fanidhar Mega Food Park Private Limited up to Rs 50 crore.
• RPT with Fanidhar Agrivista Private Limited up to Rs 50 crore.

Directors & remuneration

• Directors retiring by rotation: Desai and Rushabh Ravjibhai Patel; both proposed for re-appointment.
• Remuneration: Desai seeks Rs 30 lakh; Rushabh Patel: not disclosed in filing.

Internal Auditor Appointment

• Board approved appointment of M/s Jayanta & Associates as Internal Auditors for FY 2026-27.
• Appointment approved at Board meeting dated 07 August 2026.
• Scope includes statutory/internal audits, taxation, GST, and financial reporting oversight.
• Disclosure of related-party relationships: Not applicable.
• No financial terms or fees disclosed.

MD Re-appointment

• Rushabh Ravjibhai Patel is re-appointed as Managing Director.
• Effective 11 August 2026 for three-year term to 10 August 2029, subject to shareholder approval.
• Reason: current term expiry prompted re-appointment.
• Profile: 10 years' experience in operations.
• Related persons: related to Ravjibhai N Patel and Krunal R Patel; associated with promoter Indiraben R Patel.
• Not debarred by SEBI or other authorities.