Mangalam Seeds Limited held its 15th Annual General Meeting on September 28, 2026, in Ahmedabad, where shareholders adopted the audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026.

The meeting, chaired by Director Mafatlal Jethalal Patel, commenced at 11:00 am and concluded by 12:00 pm. The requisite quorum was present to validate the proceedings. Remote e-voting for the agenda items was conducted between September 25 and September 27, 2026.

Key resolutions passed

Shareholders approved several critical governance and financial items during the session:

• Adoption of the Audited Standalone and Consolidated Financial Statements for FY26, along with the Board of Directors' and Auditors' reports.
• Re-appointment of Dhanajibhai Shivramdas Patel as a director retiring by rotation.
• Appointment of M/s Ashish Sheth & Associates, Chartered Accountants, as Statutory Auditors to fill the casual vacancy caused by the resignation of the previous auditor for FY27.
• Appointment of M/s Ashish Sheth & Associates, Chartered Accountants, as Statutory Auditors of the company.

Voting and scrutiny process

The company facilitated remote e-voting for all four agenda items through KFin Technologies Limited. Members present at the venue who had not voted electronically were provided with ballot papers. M/s Nimit B. Shah & Co, Chartered Accountants, served as the scrutinizer for the poll and e-voting process. The final voting results and the Scrutinizer's Report will be submitted separately to the stock exchanges within the stipulated time frame.

Mangalam Seeds has confirmed its 15th Annual General Meeting for September 28, 2026. The company published the notice in Business Standard and Jai Hind newspapers. The meeting will be held at the registered office in Ahmedabad to transact ordinary business, including the adoption of FY26 financial statements.

The Board approved the Directors Report and draft notice on September 3, 2026. Electronic copies of the notice and annual report were dispatched to members with registered email addresses on the same date. The Register of Members and Share Transfer Books will remain closed from September 22, 2026 to September 29, 2026 to determine shareholders eligible for voting and dividends.

Financial Performance

For the financial year ended March 31, 2026, Mangalam Seeds reported standalone net sales of ₹1,008.2 crore, an increase from ₹943.2 crore in the previous year. Standalone profit after tax (PAT) stood at ₹83.04 crore, down from ₹101.06 crore in FY25.

Consolidated revenue from operations rose to ₹1,122.0 crore from ₹1,031.4 crore year-on-year. Consolidated PAT decreased to ₹82.53 crore from ₹102.86 crore in the prior period. The decline in profitability despite revenue growth reflects higher operational costs and depreciation charges during the period.

Key Agenda Items

The AGM will focus on three primary resolutions:

• Adoption of the Audited Standalone and Consolidated Financial Statements for the financial year ended March 31, 2026.
• Reappointment of Mr. Dhanajibhai Shivramdas Patel as Executive Director, who retires by rotation.
• Appointment of M/s Ashish Sheth & Associates as Statutory Auditors.

Mr. Dhanajibhai Patel, who holds 1,33,163 equity shares as on March 31, 2026, offers himself for reappointment. He brings over 20 years of experience in production and manufacturing operations to the board.

Auditor Appointment

M/s Ashish Sheth & Associates will be appointed to fill a casual vacancy caused by the resignation of M/s M A A K & Associates. The previous auditors resigned citing other professional engagements. The new firm will hold office until the conclusion of the 20th AGM in 2031.

Governance and Voting

Nimit B Shah & Co has been appointed as the scrutinizer for the AGM. Remote e-voting will be facilitated by KFin Technologies Limited from September 25, 2026 to September 27, 2026. The cut-off date for determining voting rights is September 21, 2026.

Annual Report Access

Pursuant to Regulation 36(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has shared the web-link for the Integrated Annual Report for FY26 with members who have not registered their email addresses. The report is available on the company website at www.mangalamseeds.com under the investors section.

Physical copies of the Annual Report will not be dispatched unless specifically requested by members. The company also reminded shareholders holding physical securities to update their KYC details, including PAN, address, mobile number, bank account details, specimen signature, and nomination choice, as per SEBI Master Circular No. SEBI/HO/MIRSD/POD-1/P/CIR/2024/37 dated May 7, 2024.