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the appointment of its statutory auditor and three new non-executive directors, while one proposed directorship was withdrawn due to resignation.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 This governance update ensures continuity in the company’s audit oversight and board composition, with the withdrawn resolution for Jignesh Manilal Shrimali reflecting a last-minute change in candidate availability rather than shareholder dissent.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

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.

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Withdrawn Resolution Details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 Jignesh Manilal Shrimali (DIN: 11673722) as a Non-Executive and Non-Independent Director, was withdrawn prior to the conclusion of the voting period.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.

Cropster Agro Limited has appointed Mr. Vijaykumar Kalabhai Nayak as its Managing Director and Chief Financial Officer, effective July 21, 2026. The Board of Directors approved the appointment during a meeting held at the company's registered office in Ahmedabad. Mr. Nayak brings over eight years of experience in finance, business management, and company operations, with expertise in financial management and legal compliance. He is not related to any other director on the Board.

Leadership Changes

The Board accepted the resignation of Mr. Jaivikkumar Patel from the post of Managing Director, effective July 21, 2026. Mr. Patel cited personal commitments and professional obligations in other works as the reason for his departure, confirming there were no material reasons for his resignation beyond those stated in his resignation letter. Additionally, the Board took note of the resignation of Mr. Jignesh Manilal Shrimali from the position of Non-Executive and Non-Independent Director, effective the same date. Mr. Shrimali resigned due to pre-occupancy in other matters and confirmed no other material reasons for his exit.

Reconstituted Committees

Following these changes, the company reconstituted its key board committees effective July 21, 2026. The Audit Committee and the Stakeholders Relationship Committee now comprise Mr. Dipak Rana as Chairperson, along with Mr. Yatharth Mimrot and Mr. Chirag Jonwal as members. All members of these committees are Non-Executive Independent Directors. The Corporate Social Responsibility Committee was also reconstituted with Mr. Yatharth Mimrot as Chairperson, with Ms. Sejalben Rathod and Mr. Chirag Jonwal as members.

These changes were disclosed to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.