Ambar Protein Industries Limited adopted its financial statements for the year ended March 31, 2026, during its 33rd Annual General Meeting held on September 30, 2026. The meeting also approved the re-appointment of two directors retiring by rotation and variations in remuneration for key managerial personnel.

The meeting commenced at 10:00 am at the company's registered office in Ahmedabad, Gujarat. Gangaram Bhanjibhai Patel, Independent Director, served as chairman of the meeting. A total of 60 members attended the session, which concluded at 12:15 pm.

Key resolutions passed

Shareholders considered and adopted the audited Balance Sheet, Statement of Profit and Loss, and reports of the Board and Auditors for FY26. The following ordinary resolutions were placed for approval:

• Adoption of financial statements for the year ended March 31, 2026.
• Appointment of Bharat Dasrathbhai Patel (DIN: 07150579) who retires by rotation.
• Appointment of Shirishkumar Dashrathbhai Patel (DIN: 07150566) who retires by rotation.
• Approval of remuneration for cost auditors for FY27.
• Approval of related party transactions under Section 188 of the Companies Act, 2013.

Special resolutions on remuneration

The meeting also voted on special resolutions regarding executive compensation. These included variations in remuneration for Pradeep Chunilal Khetani (Managing Director) and Jayprakash J Vachhani (Whole Time Director). Additionally, shareholders approved the payment of commission to Bharatbhai D Patel, Non-Executive Non-Independent Director.

Voting and attendance details

Voting was conducted through remote e-voting from September 27 to September 29, 2026, and via ballot papers at the venue for members present who had not voted electronically. Bhumika Ranpura, Practising Company Secretary, served as the scrutinizer. The results of the voting, along with the scrutinizer's report, are scheduled for dissemination to stock exchanges and publication on the company website within two working days.

Ambar Protein Industries Limited has scheduled its 33rd Annual General Meeting for September 30, 2026, at its registered office in Ahmedabad. The company confirmed the record date for voting eligibility as September 24, 2026.

The Ambar Protein Industries Board seeks shareholder consent for transactions totaling ₹401 crore with Ankur Oil Industries, alongside remuneration variations for the Managing Director and Whole Time Director. Shareholders are also reminded to update their KYC details and dematerialize physical securities as per SEBI regulations.

Key Agenda Items

The meeting will address both ordinary and special business items. Shareholders will vote on the adoption of financial statements for the year ended March 31, 2026, and the re-appointment of directors retiring by rotation.

Related-Party Transactions

The most material special business item involves approving related-party transactions under Section 188 of the Companies Act, 2013. The Company proposes to enter into the following arrangements with Ankur Oil Industries:

These transactions involve common partners among the Company’s directors, including Mr. Pradeep C Khetani and Mr. Jayprakash J Vachhani. The Board states these deals are conducted on an arm’s length basis.

Management Remuneration

Shareholders will decide on varying the remuneration of two key executives:

• Mr. Pradeep Chunilal Khetani (Managing Director): His current monthly draw is ₹1,75,000. The proposed variation allows his annual pay to exceed ₹1 crore or 5% of net profits, whichever is higher.
• Mr. Jayprakash J Vachhani (Whole Time Director): Similarly, his remuneration may exceed statutory limits pending shareholder approval.

Additionally, the meeting will approve a commission for Non-Executive Director Mr. Bharatbhai D Patel at 1% of net profits for five years starting October 1, 2026.

Voting and Book Closure Details

Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, along with section 91 of the Companies Act, 2013, the Register of Members and Share Transfer Books will remain closed from Thursday, September 24, 2026 to Wednesday, September 30, 2026 (both days inclusive).

Remote e-voting begins on September 27, 2026, at 9:00 am and ends on September 30, 2026, at 5:00 pm. The cut-off date for e-voting is Wednesday, September 23, 2026.

Annual Report and Compliance Updates

The company has dispatched letters to members who have not registered their email addresses, providing web-links to access the Integrated Annual Report for FY26. The report is available on the company’s website under the investors section.

Shareholders holding physical securities are urged to update their KYC details, including PAN, address, bank account details, and nomination choices, pursuant to SEBI Master Circular No. SEBI/HO/MIRSD/POD-1/P/CIR/2024/37. Failure to update these details may result in payments being made only through electronic mode.