Gujarat Peanut AGM resolutions pass with 100% assent
- All six AGM resolutions passed with 100% assent and zero dissent
- Total votes cast in favor stood at 73,45,550 across all items
- M/s DMAA and Associates appointed as Statutory Auditors for FY27-FY31
- Related party transactions with Sagar International capped at ₹3.50 crore for FY27
*this image is generated using AI for illustrative purposes only.
Gujarat Peanut and Agri Products Limited shareholders approved all six resolutions passed at the 21st Annual General Meeting held on September 28, 2026, with 100% assent. The Consolidated Scrutinizer's Report, submitted on September 29, 2026, confirmed that no dissent or abstention votes were recorded for any item on the agenda.
The meeting, conducted in Rajkot, adopted the audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026. It also ratified the appointment of M/s DMAA and Associates as Statutory Auditors for a five-year term covering FY27 to FY31, filling the casual vacancy caused by the resignation of M/s R B Gohil & Co.
Voting results
The scrutinizer, CS Khyati Gandecha of K G & Associates, reported that a total of 73,45,550 votes were cast in favor of each resolution. The voting comprised 72,67,250 votes through remote e-voting and 78,300 votes via polling at the meeting. The cut-off date for entitlement was September 21, 2026.
| Resolution | Description | Assent (%) | Dissent (%) |
|---|---|---|---|
| 1 | Adoption of FY26 financial statements | 100 | 0 |
| 2 | Re-appointment of Bharatkumar Keshavlal Relia as Director | 100 | 0 |
| 3 | Appointment of Internal Auditor for FY27 | 100 | 0 |
| 4 | Appointment of Statutory Auditor (FY27-FY31) | 100 | 0 |
| 5 | Material related party transactions with Sagar International | 100 | 0 |
| 6 | Material related party transactions with Pharma In All | 100 | 0 |
Key appointments and transactions
Bharatkumar Keshavlal Relia (DIN: 03542553), retiring by rotation, was re-appointed as a Non-Executive Director. Mr. Dhavalkumar Rameshchandra Doshi was appointed as Internal Auditor for FY27.
Shareholders approved material related party transactions for FY27, including up to ₹3.50 crore with Sagar International and up to ₹1 lakh with Pharma In All. These approvals ensure compliance with regulatory requirements for ongoing business engagements with these entities.
Meeting proceedings
The AGM 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 physically, while remote e-voting was available from September 25 to September 27, 2026, via the Instavote platform operated by Integrated Registry Management Services Private Limited.
The following directors attended the meeting:
| Name | Role |
|---|---|
| Sagar Arunkumar Chag | Chairperson and Managing Director |
| Arun Natwarlal Chag | Whole-Time Director |
| Prabhakar Rameshbhai Khakhar | Independent Director |
| Kaushik Hasvantray Kothari | Independent Director |
| Bharatkumar Keshavlal Relia | Non-Executive Director |
| Dhruva Sagar Chag | Non-Executive Director |
Historical Stock Returns for Gujarat Peanut And Agri Products
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.77% | +17.50% | +15.23% | +17.45% | +4.68% | +32.89% |
How might the change in statutory auditors to DMAA and Associates influence the company's financial reporting transparency and audit risk profile for FY27?
What specific business synergies or supply chain dependencies justify the material related party transactions with Sagar International and Pharma In All in the upcoming fiscal year?
Given the 100% shareholder approval, what are the company's strategic priorities for capital allocation or expansion in the peanut and agri-products sector for FY27?
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