Desi Farms adds related party business details to AGM notice
- Desi Farms India issued a corrigendum on September 18, 2026, for its 63rd AGM notice
- The update adds missing business nature disclosures for eight related parties
- Changes ensure compliance with SEBI RPT Industry Standards from 2025 and 2026
- All other terms in the original September 5 notice remain unchanged
- The AGM is scheduled for September 30, 2026, via video conferencing
*this image is generated using AI for illustrative purposes only.
Desi Farms India Limited (formerly Ser Industries Limited) issued a corrigendum on September 18, 2026, to update its 63rd Annual General Meeting notice. The company added missing disclosures regarding the nature of business for its related parties.
The correction addresses inadvertent omissions in the explanatory statements for Items 3 to 10 of the original notice, which was dispatched on September 5, 2026. The company aims to comply with SEBI Circular dated October 13, 2025, and the SEBI Master Circular dated January 30, 2026, on Industry Standards for Related Party Transactions (RPTs).
Regulatory Compliance Update
The corrigendum incorporates specific information under Point No. 3 of Table A1 in Annexures 1 to 8. These annexures relate to the approval of material RPTs proposed by the company. The additional data clarifies the business activities of the respective related parties.
The company confirmed that all other terms, contents, and disclosures in the original AGM notice remain unchanged. Shareholders must read the corrigendum in conjunction with the original notice. The 63rd AGM is scheduled for September 30, 2026, at 9:00 am through Video Conferencing or Other Audio-Visual Means.
Related Party Business Profiles
The following table outlines the nature of business for the related parties as disclosed in the corrigendum:
| Annexure No | Name of Related Party | Nature of Business |
|---|---|---|
| 1 | Sna Milk and Milk Products Limited | Manufacturing, processing, trading, distribution and supply of dairy products and by-products |
| 2 | Vedaaz Organics Private Limited | Processing, farming, manufacturing and trading of organic food products, including Desi Cow Milk |
| 3 | DFSU Farmer Connect Private Limited | Procurement, processing, manufacturing, packaging, trading and supply of milk and dairy products |
| 4 | Suruchi Dairy Industries Private Limited | Manufacturing, processing and trading of milk, dairy products and allied food products |
| 5 | Nivasat Foods Private Limited | Manufacturing, processing, trading, import, export and supply of organic and processed food products |
| 6 | G K Dairy and Milk Products Private Limited | Manufacturing, processing, trading and distribution of milk, dairy products and processed foods |
| 7 | G K Dairy and Milk Products Private Limited | Manufacturing, processing, trading and distribution of milk, dairy products and processed foods |
| 8 | Nivasat Foods Private Limited | Manufacturing, processing, trading, import, export and supply of organic food products, nutraceuticals |
What the Numbers Show
The disclosure reveals a concentrated focus on the dairy and organic food sectors among the related parties. Six of the eight entries involve entities primarily engaged in milk, dairy products, or organic food processing. This alignment suggests that the proposed material RPTs are likely operational in nature, supporting the company's core agri-business activities rather than unrelated financial transactions.
How might the approval of these material related-party transactions impact Desi Farms' operational synergies and supply chain efficiency in the dairy sector?
What is the expected effect on shareholder voting outcomes at the upcoming AGM given the clarification of business natures for these related entities?
Could the heavy concentration of RPTs in dairy and organic food processing expose Desi Farms to specific regulatory scrutiny regarding arm's length pricing compliance?
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