Elfin Agro India Limited has scheduled a meeting of its Board of Directors for September 9, 2026, at its registered office in Bhilwara. The session will focus on approving business items for transaction via postal ballot and finalizing e-voting logistics.

The company notified the BSE Limited on September 2, 2026, pursuant to Regulation 29(1) and Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015. The meeting is set to commence at 9:00 am at the RIICO Growth Centre in Swaroopganj.

Agenda Details

The Board will consider and approve the following specific items:

• Approval of business items under Section 13(8) of the Companies Act, 2013, to be transacted through postal ballot.
• Appointment of an e-voting agency.
• Fixation of the cut-off date for e-voting.
• Appointment of a scrutinizer.
• Authorization of the Company Secretary to conduct the postal ballot process.

Khushbu Sethi, Company Secretary and Compliance Officer, signed the intimation. The company, formerly known as Elfin Agro India Private Limited, carries CIN L15132RJ2009PLC029463.

Elfin Agro shareholders approved a material related-party transaction with M/s Daga Brothers during its 17th annual general meeting held on September 1, 2026. The resolution passed with unanimous support from eligible public shareholders, while promoter group members abstained from voting in compliance with SEBI regulations.

The meeting, conducted via video conferencing, also saw the adoption of the company's audited financial statements for FY26 and the re-appointment of Vimal Kumar Daga as an executive director. All three resolutions placed before the house were passed with the requisite majority.

Voting Results and Participation

The scrutinizer's report indicates that 256 shareholders were on record as of August 25, 2026. Of these, 36 members participated in the remote e-voting process prior to the meeting. No shareholders attended the physical or virtual session to cast votes via poll.

For the first two resolutions, the promoter group voted in favor with all 14,100,000 shares held. Public non-institutional shareholders contributed 1,062,000 votes in favor, representing approximately 19.94% of their outstanding holdings.

Related-Party Transaction Details

The approval of the transaction with M/s Daga Brothers required the promoters to abstain from voting. Consequently, the 14,100,000 shares held by the promoter group were excluded from the vote count for this specific item. One promoter shareholder holding 2,630,000 shares attempted to vote but was declared invalid under Regulation 23 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

The resolution was passed based solely on the votes cast by eligible public shareholders. The 1,062,000 votes polled represented 100% of the valid votes cast on this item.

Corporate Governance Observations

The statutory auditor's report and secretarial audit report for FY26 contained no qualifications, reservations, adverse remarks, or disqualifications. The company secretary confirmed that the requisite quorum was present through the NSDL portal at the start of the meeting.

Deepak Pal Daga, managing director, chaired the meeting for most items but vacated the chair during the consideration of the related-party transaction due to his interest in the matter. Independent director Anil Kumar Kabra assumed the chair for that specific agenda item before returning control to Daga upon conclusion.