Galaxy Agrico Exports Limited held a comprehensive board meeting on April 09, 2026, addressing multiple corporate governance matters and strategic decisions. The meeting, which lasted from 4:00 PM to 5:30 PM, resulted in significant changes to the company's leadership structure and operational framework.

Executive Leadership Changes

The board approved the appointment of Mr. Kalpataru Bhogilal Shah (DIN: 11655140) as Executive Director and Chief Financial Officer of the company, subject to necessary approvals. This appointment comes alongside the resignation of the previous CFO, Mr. Jayantilal Panchanbhai Kansagara, effective April 09, 2026.

Major Board Restructuring

The company experienced significant board restructuring with seven directors submitting their resignations effective March 30, 2026. The board acknowledged and approved these resignations while expressing appreciation for their contributions during their respective tenures.

Directors who resigned:

• Mr. Nathabhai Jerambhai Sadaria
• Mr. Ajay Ramjibhai Patel
• Mrs. Mausamiben Pareshbhai Sadaria
• Mr. Jagdish Mansukhlal Shah
• Mr. Manoj Harsukhlal Shah
• Mr. Sanjay Jayantilal Patel
• Mr. Kiran Bavanjibhai Govani

Corporate Developments and Strategic Matters

The board addressed several strategic matters including property acquisitions and shareholding changes. Discussions centered on acquiring new property in Mumbai, subject to shareholder approval, and matters relating to property in Hyderabad pursuant to the Right Issue, which will be presented for shareholder approval in the forthcoming general meeting.

The board also noted the reclassification of shares from Promoter Category to Public Category, with intimations submitted to BSE Limited on March 30, 2026, and March 31, 2026. Additionally, discussions regarding changes to the company's registered office were initiated but remain pending finalization in the next board meeting.

Galaxy Agrico Exports Limited has scheduled a board meeting for April 9, 2026, to deliberate on several key corporate governance and strategic matters. The company issued the meeting notice on April 2, 2026, in compliance with Regulation 29(1) of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.

Key Agenda Items

The board meeting will address multiple significant matters that could impact the company's structure and operations:

Corporate Restructuring Initiatives

The meeting will focus on important organizational changes, including the appointment of new directors and the resignation of existing board members. These changes suggest potential restructuring within the company's leadership team.

Another significant item on the agenda involves changing the company's registered office address, which could indicate operational expansion or consolidation efforts.

Share Structure Modifications

The board will discuss the reclassification of shares from promoter category to public category. This move typically affects the company's shareholding pattern and could have implications for corporate governance and compliance requirements.

Property Acquisition Plans

The meeting will address matters relating to the acquisition of new property situated in Mumbai. Additionally, the board will discuss issues related to the company's Hyderabad property pursuant to the rights issue, indicating ongoing real estate activities across multiple locations.

Regulatory Compliance

The meeting notice was signed by Mr. Prashant Sudhir Khairnar, Director (DIN: 11434708), ensuring proper authorization and compliance with regulatory requirements. The notice was digitally signed on April 2, 2026, demonstrating adherence to modern documentation practices.

The agenda also includes provisions for any other business matters with the permission of the chairperson, allowing flexibility for additional discussions during the meeting.