Cropster Agro Ltd has informed BSE Limited of the simultaneous resignation of two Non-Executive and Independent Directors from its board. The development was disclosed pursuant to Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with both resignations taking effect from 27th July, 2026.

Board-Level Changes at Cropster Agro

Ms. Sejalben Rakeshkumar Rathod (DIN: 11228401) and Mr. Aashish Kumar Hemraj Maury (DIN: 10931075) have stepped down from their respective roles as Non-Executive and Independent Directors of the company. The intimation was filed with BSE Limited on 27th July, 2026, and signed by Vijaykumar Nayak, Managing Director (DIN: 11839733), on behalf of the company.

The company confirmed that it has received formal resignation letters from both directors and that each has individually confirmed the absence of any material reasons for their departure beyond those stated in their respective letters.

Details of the Resignations

The following table summarises the key details of both resignations as disclosed under Annexure A of the regulatory filing:

Statements from the Resigning Directors

In her resignation letter addressed to the Chairman and Board of Directors, Ms. Sejalben Rakeshkumar Rathod stated that her decision to step down was driven by increasing professional and personal commitments, which she noted may limit her ability to devote the necessary time and attention to the affairs of the company. She expressed appreciation for the trust, cooperation, and support extended by the Board, management, and stakeholders during her tenure.

Mr. Aashish Kumar Hemraj Maury, in his resignation letter addressed to the Board of Directors, cited personal commitments and other professional engagements as the basis for his decision to resign with effect from the close of business on 27th July, 2026. He conveyed his gratitude to the Board, management, and fellow directors for their support and cooperation during his tenure.

Regulatory Compliance

The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023. The company has requested BSE Limited to take the information on record. Cropster Agro is headquartered at B/2, 207, West Gate Business Bay, Opp. Andaj Party Plot, SG Highway, Jivraj Park, Ahmedabad, Gujarat, India – 380 051.

Shareholders of Cropster Agro Limited have approved the appointment of its statutory auditor and three new independent directors, while one proposed directorship was withdrawn. The postal ballot process, which concluded on July 22, 2026, saw resolutions for the auditor, Chirag Jonwal, Dipak Rana, and Yatharth Mimrot pass with 99.99% support. This governance update ensures continuity in the company’s audit oversight and board composition, with the withdrawn resolution for Jignesh Manilal Shrimali reflecting a last-minute change in candidate availability rather than shareholder dissent.

The voting results were submitted to BSE Limited under Regulation 44(3) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Jay Pandya & Associates, appointed as the scrutinizer by Cropster Agro's Board, verified the remote e-voting data generated by National Securities Depository Limited (NSDL). The cut-off date for voting eligibility was June 19, 2026, and the e-voting window remained open from June 23, 2026, to July 22, 2026. Notices were published in "Business Standard" and "Jai Hind-Ahmedabad" on June 23, 2026.

Voting Results Breakdown

The scrutinizer’s report details the vote counts for each resolution. All approved resolutions received identical vote tallies, indicating uniform shareholder participation across the items. The total shares held by public non-institutions were 840,000,000, with 36,165,622 votes polled.

Resolutions 3, 4, and 5 were classified as Special Resolutions requiring higher approval thresholds, while the auditor appointment (Item 1) was an Ordinary Resolution. No invalid votes were recorded for any of the counted items.

Withdrawn Resolution Details

Item 2, concerning the appointment of Mr. Jignesh Manilal Shrimali (DIN: 11673722) as a Non-Executive and Non-Independent Director, was withdrawn prior to the conclusion of the voting period. The withdrawal followed Shrimali’s resignation from his post as Additional Non-Executive and Non-Independent Director, effective July 21, 2026. Consequently, no votes were scrutinized or declared for this item, and it does not appear in the final tally of passed resolutions.

Governance Implications

The high level of shareholder support—99.99% across all valid resolutions—signals strong alignment between Cropster Agro’s management and its equity base regarding key governance appointments. The simultaneous appointment of three independent directors (Jonwal, Rana, and Mimrot) strengthens the board’s independent oversight capabilities, which is critical for compliance with SEBI’s listing obligations. The withdrawal of Shrimali’s appointment, while procedural, highlights the dynamic nature of board composition processes where candidate availability can shift close to the voting deadline. For investors, the confirmation of these appointments provides clarity on the leadership structure overseeing the company’s operations and financial reporting for the coming term.