Leo Dryfruits & Spices Trading Limited held its 7th Annual General Meeting (AGM) on September 29, 2026, via Video Conferencing. All seven resolutions proposed in the notice dated August 27, 2026, were duly passed by the members with the requisite majority.

The meeting was conducted in accordance with Ministry of Corporate Affairs and SEBI circulars. Mr. Ritul Parmar, proprietor of M/s. Ritul Parmar & Associates, served as the Scrutinizer. The voting process was managed through the e-voting platform provided by National Securities Depository Limited (NSDL).

Voting Participation and Quorum

The company had a total of 546 shareholders as of the cut-off date for voting purposes. The attendance record indicates that no shareholders attended in person or through proxy. Instead, participation occurred exclusively through Video Conferencing.

Resolutions Passed

The ordinary business resolutions covered the adoption of financial statements and director re-appointments. The special business resolutions addressed remuneration changes and related party transactions. In all instances, the votes cast in favor exceeded those against.

Ordinary Business

1. Adoption of Standalone Financial Statements: Approved for FY26.
2. Adoption of Consolidated Financial Statements: Approved for FY26.
3. Director Re-appointment: Mr. Jenish Ketan Shah was re-appointed following retirement by rotation.
4. Final Dividend Declaration: Approved for FY26.

Special Business

5. Re-appointment of Whole Time Director: Mr. Ketan Sobhagchand Shah was re-appointed.
6. Remuneration Variation: Variation in remuneration for Mr. Kaushik Sobhagchand Shah, Managing Director, was approved.
7. Related Party Transactions: Approval granted for material transactions with M/S J Ketankumar Co.

What the Numbers Show

A distinct pattern emerged in the voting behavior for the special business items involving promoter interests. For Resolutions 5, 6, and 7, which concerned the re-appointment of Mr. Ketan Sobhagchand Shah, variation in remuneration for Mr. Kaushik Sobhagchand Shah, and related party transactions, the promoters abstained from voting.

Mr. Ketan Sobhagchand Shah and Mr. Kaushik Sobhagchand Shah collectively hold 44,03,630 equity shares. Their abstention meant that these shares were not counted in the valid vote tally for these specific resolutions. Consequently, the voting results for these items relied entirely on public non-institutional shareholders, who cast 35,62,620 votes in favor with zero opposition. This highlights a governance structure where promoter interests are explicitly excluded from voting on matters where they are directly interested, ensuring the outcome reflects independent shareholder sentiment.

Leo Dryfruits & Spices Trading has fixed Tuesday, September 29, 2026, as the record date to determine eligibility for the final dividend for the financial year ended March 31, 2026. The payout remains contingent upon approval by shareholders at the company's seventh annual general meeting scheduled for the same day.

The board of directors issued the intimation pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting will be conducted through video conferencing or other audio-visual means starting at 11:00 am.

Corporate Action Details

Shareholders whose names appear in the register of members or the beneficial owners list maintained by depositories as of the close of business on September 29, 2026, will be eligible to receive the dividend if declared.

Kaushik Sobhagchand Shah, Chairman and Managing Director, signed the disclosure filed with BSE Limited.