Desi Farms India Limited (formerly SER Industries) concluded its 63rd Annual General Meeting on September 30, 2026, approving the audited financial statements for the fiscal year ended March 31, 2026. The meeting, conducted via video conferencing and other audio-visual means, also sanctioned several material related party transactions involving the company and its subsidiaries.

The proceedings commenced at 9:00 am and concluded at 9:14 am. Mr. Anil Kumar, Director, served as the Chairman of the meeting after Mr. Sunil Kumar Shahi, Managing Director, was granted leave of absence. The Company Secretary confirmed compliance with the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding the virtual conduct of the AGM.

Agenda items addressed

Members considered and approved the following ordinary and special business items as outlined in the meeting notice:

Voting and compliance details

The company provided a remote e-voting facility to shareholders from September 26, 2026, at 9:00 am to September 29, 2026, at 5:00 pm. Additionally, electronic voting was available during the AGM and for 15 minutes thereafter for attendees who had not cast votes remotely. The results of the voting, along with the scrutinizer's report, will be submitted to the stock exchanges and published on the company website.

The document clarifies that this summary does not constitute the official minutes of the proceedings. The statutory registers and relevant documents were made available for inspection by members during the meeting.

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:

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.