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.

Elfin Agro India Limited published its second public notice for the 17th Annual General Meeting (AGM) on August 6, 2026, reaffirming the meeting scheduled for September 1, 2026. The company, formerly known as Elfin Agro India Private Limited, confirmed that the AGM will be held via Video Conferencing (VC) or Other Audio Visual Means (OAVM) at 1:00 P.M. IST. This update follows the initial public notice issued on August 3, 2026, and provides shareholders with precise timelines for remote e-voting and access to the Annual Report for the financial year 2025-26.

Key AGM and E-Voting Details

The second public notice, published in Financial Express (English, All India edition) and Business Remedy (Hindi, Rajasthan edition), outlines critical dates for shareholder participation. The cut-off date to determine eligibility for e-voting is Tuesday, August 25, 2026. Shareholders must have their names recorded in the Register of Members or Register of Beneficial Owners by this date to exercise voting rights.

Annual Report and Shareholder Access

The Notice of the 17th AGM and the Annual Report for FY25-26 were dispatched via email on August 3, 2026, to members with registered email addresses. In compliance with Regulation 36(1)(b) of the SEBI Listing Regulations, a letter containing web-links to access these documents was sent on August 4, 2026, to shareholders who do not have registered email IDs. Physical copies of the notice and annual report are not being dispatched, as permitted under MCA and SEBI circulars.

The documents are also available on the company’s website at www.elfinagroindia.com , the BSE Limited website, and the NSDL e-voting platform at www.evoting.nsdl.com . Members who acquire shares after the dispatch of the notice but hold them as on the cut-off date may obtain login credentials by contacting NSDL at helpdesk.evoting@nsdl.com .

Regulatory Compliance

The proceedings are governed by Section 108 of the Companies Act, 2013, Rule 20 of the Companies (Management and Administration) Rules, 2014, and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The remote e-voting facility is provided by National Securities Depositories Limited (NSDL). Once a vote is cast, it cannot be changed. Members who vote remotely may attend the AGM but cannot vote again. The advertisement was signed by Khushbu Sethi, Company Secretary and Compliance Officer (Membership No: A40048), on behalf of the Board.