Gujarat Peanut and Agri Products Limited held its 21st Annual General Meeting on September 28, 2026, in Rajkot. The meeting approved the audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026.

The company also re-appointed Bharatkumar Keshavlal Relia as a Non-Executive Director and approved material related party transactions for the upcoming fiscal year. The proceedings were conducted through physical mode with remote e-voting facilities available to shareholders prior to the event.

Key resolutions passed

The shareholders considered and adopted the following ordinary and special business items:

• Adoption of Financial Statements: The audited standalone and consolidated financial statements for FY26, along with Board and Statutory Auditor reports, were adopted.
• Director Re-appointment: Bharatkumar Keshavlal Relia (DIN: 03542553), retiring by rotation, was re-appointed as a Director.
• Auditor Appointments: M/s DMAA and Associates were appointed as Internal Auditors for FY27. Additionally, they were appointed as Statutory Auditors to fill the casual vacancy caused by the resignation of M/s R B Gohil & Co., for a term covering FY27 to FY31.
• Related Party Transactions: Material related party transactions with Sagar International up to ₹3.50 crore and with Pharma In All up to ₹1 lakh were approved for FY27.

Meeting proceedings

The meeting commenced at 11:00 am and concluded at 1:00 pm at the registered office in Rajkot. Sagar Arunkumar Chag, Chairperson and Managing Director, chaired the session. A total of 18 members attended the meeting physically. Remote e-voting was available from September 25 to September 27, 2026, via the CDSL system.

The following directors attended through physical mode:

Governance and compliance

Smt. Khyati Gandecha, Practicing Company Secretary from M/s K G & Associates, served as the Scrutinizer for the voting process. The results of the remote e-voting and polling conducted during the meeting were to be scrutinized and announced within two working days of the conclusion of the AGM. The company confirmed that the requisite quorum was present throughout the meeting, and all resolutions were passed as proposed.

Gujarat Peanut & Agri Products Limited will hold its 21st Annual General Meeting on September 28, 2026, at its registered office in Rajkot. The agenda includes the adoption of financial statements for FY26 and the re-appointment of Non-Executive Director Mr. Bharatkumar Keshavlal Relia.

Key Resolutions

The meeting features significant changes in audit appointments. Shareholders will vote to appoint M/s. DMAA And Associates as the new Statutory Auditors for a five-year term ending in FY31. This follows the resignation of M/s. R B Gohil & Co., effective August 31, 2026. Additionally, Mr. Dhavalkumar Rameshchandra Doshi has been recommended as the Internal Auditor for FY27, replacing the outgoing firm.

Related-Party Transactions

The Board seeks approval for material related-party transactions under SEBI Listing Regulations:

Managing Director Mr. Sagar Arunkumar Chag is interested in the transaction with Sagar International, involving raw material purchases and finished goods sales. Similarly, Non-Executive Director Mr. Bharatkumar Keshavlal Relia is interested in the deal with Pharma In All. Both transactions are capped at the specified limits for FY27.

What the Numbers Show

The proposed transaction with Sagar International represents a significantly larger exposure (₹3.50 crore) compared to the nominal arrangement with Pharma In All (₹1 lakh). This indicates a primary operational dependency on entities linked to the Managing Director for supply chain activities in the upcoming fiscal year.