Galaxy Agrico Exports Limited held its 32nd Annual General Meeting on September 28, 2026, in Veraval, Gujarat. Shareholders approved the audited financial statements for FY26 and appointed a new statutory auditor to fill a casual vacancy.

The meeting, chaired by Prashant Sudhir Khairnar, commenced at 3:00 pm. Remote e-voting was conducted via Central Depository Services (India) Limited from September 25 to September 27, 2026. The proceedings concluded at 3:50 pm with all resolutions passed as proposed.

Key resolutions passed

The members adopted the audited financial statements for the year ended March 31, 2026. This included the balance sheet, profit and loss account, and cash flow statement, along with the reports of the Board of Directors and Auditors.

A significant governance update involved the appointment of M/S NKSC & Co., Chartered Accountants, as Statutory Auditors. This special resolution filled the casual vacancy arising from the resignation of the existing statutory auditors for the financial year 2026-27.

Leadership and structural changes

The AGM also addressed several changes in the company's leadership structure and share capital. Prashant Sudhir Khairnar was reappointed as a director retiring by rotation. Additionally, his designation was changed from Executive Director to Managing Director through a special resolution.

The board regularized the appointments of three other directors: Kalpataru Bhogilal Shah as Executive Director, and Mukesh Jiut Yadav and Bhawana Aswani as Independent Directors. A special resolution also approved the sub-division or split of equity shares.

Governance consolidation

The simultaneous regularization of multiple director roles and the change in auditor suggests a period of internal restructuring. The appointment of NKSC & Co. follows the resignation of the previous firm, a move that often precedes significant accounting reviews or strategic shifts, though no specific reason for the resignation was disclosed in the filing.

Galaxy Agrico Exports Limited has scheduled its 32nd Annual General Meeting for September 28, 2026. The meeting will address critical corporate actions, including a proposed 10:1 equity share split and the appointment of a new statutory auditor to fill a casual vacancy.

The Board of Directors approved the notice during a session held on September 4, 2026. The AGM will take place at 3:00 pm at the company’s registered office in Veraval-Shapar, Gujarat.

Book Closure Details

The company notified BSE Limited of the eligibility window for shareholders. Only those holding shares within this period will be eligible to vote or receive dividends if declared.

Key Resolutions

The Board considered several critical matters during the one-hour session, which commenced at 5:00 pm and concluded at 6:00 pm:

• AGM Logistics: The 32nd AGM is fixed for Monday, September 28, 2026, at 3:00 pm. The venue is 236, Jai Kishan Industrial Estate, Behind Murlidhar Weighbridge, Veraval-Shapar – 360024, District Rajkot, Gujarat.
• Share Split Approval: The Board noted the proposal for the sub-division/split of equity shares, previously discussed on August 25, 2026. This requires member approval at the AGM. The record date for eligibility will be determined after shareholder approval.
• Director Designation Change: Mr. Prashant Sudhir Khairnar’s designation will change from Executive Director to Managing Director, subject to member approval.
• Fund Raising: The Board sought prior approval to raise funds through secured or unsecured loans with an option to convert into equity shares. This resolution will be placed before members at the AGM.

New Statutory Auditor

The company seeks approval to appoint M/s NKSC & Co., Chartered Accountants (FRN: 020076N) as Statutory Auditors. This appointment fills a casual vacancy caused by the resignation of the existing auditors, M/s H. B. Kalaria and Associates, effective May 30, 2026. The new auditors will hold office until the conclusion of the next annual general meeting in FY27.

Director Regularizations

Shareholders will also vote on the regularization of three additional directors appointed earlier in the year:

• Mr. Kalpataru Bhogilal Shah: Regularization as Executive Director (CFO), appointed April 9, 2026.
• Mr. Mukesh Jiut Yadav: Regularization as Independent Director, appointed June 30, 2026.
• Ms. Bhawana Aswani: Regularization as Independent Director, appointed June 30, 2026.

Dividend Status

The company has not declared any dividend for the financial year ended March 31, 2026. The Board also approved the Directors’ Report and Notice for FY26.

Procedural Details

Mr. Prashant Sudhir Khairnar (DIN: 11434708), Director, signed the intimation letter to BSE Limited. The disclosures were made pursuant to Regulation 30 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.