Leo Dryfruits & Spices Trading shareholders have approved the issuance of warrants convertible into equity shares on a preferential basis. The special resolution passed with 100% of votes cast in favour during the Extraordinary General Meeting held on September 4, 2026.

The meeting was conducted via Video Conferencing in accordance with Ministry of Corporate Affairs and SEBI circulars. It commenced at 2:32 pm and concluded at 2:57 pm IST. Kaushik Sobhagchand Shah, Chairman and Managing Director, requested Jenish Ketan Shah, Director, to chair the meeting due to his interest in the resolution.

Voting Results

Remote e-voting via NSDL ran from September 1 to September 3, 2026. Ritul Parmar of M/s. Ritul Parmar & Associates served as Scrutinizer. A total of 540 shareholders were eligible to vote as on the cut-off date of August 28, 2026. Twelve members attended the meeting via VC, comprising two promoter group members and ten public shareholders.

The resolution received overwhelming support across all participating categories. No votes were cast against the proposal, and there were no invalid votes recorded.

Meeting Proceedings

Ketan Sobhagchand Shah, Whole-time Director and CFO, Ankit Gupta, Independent Director, and Purvi Gupta, Independent Director also attended the meeting. The registered office in Navi Mumbai was deemed the venue. Proxy appointments were not applicable given the virtual format.

The company has submitted the results to BSE Limited and uploaded them to its website and NSDL platform.

Leo Dryfruits & Spices Trading has re-appointed Ketan Sobhagchand Shah as Whole-time Director and Chief Financial Officer for a five-year term. The board approved a significant increase in his annual remuneration to ₹18,00,000, up from ₹12,00,000.

The decision was taken during the board meeting held on August 27, 2026. The re-appointment is subject to approval by members at the ensuing Annual General Meeting.

Key Terms of Appointment

The revised remuneration package includes salary, perquisites, allowances, and benefits. It becomes effective from April 1, 2026. The tenure runs from September 1, 2026, to August 31, 2031.

Governance and Compliance

The company confirmed that the revised amount shall be payable as minimum remuneration if profits are absent or inadequate in any financial year during his tenure. This provision aligns with Schedule V of the Companies Act, 2013.

Ketan Sobhagchand Shah holds 20,45,050 equity shares, representing 11.43% of the company’s total share capital. He is the brother of Kaushik Sobhagchand Shah, the Chairman and Managing Director.

Profile and Expertise

Shah has been associated with the company since January 25, 2022. His expertise covers management, domestic sourcing, customer relationships, retail segment growth, and administration. He holds a Bachelor of Commerce degree.