Mangalam Seeds has scheduled its 15th Annual General Meeting for September 28, 2026. The meeting will be held at the company's registered office in Ahmedabad at 11:00 am to transact ordinary business, including the adoption of financial statements for FY26.

The Board of Directors approved the Directors Report and the draft notice during its session on September 3, 2026. 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.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE829S01016/db5c4057-568d-490c-907a-6de1e0aaf4a5.pdf

Mangalam Seeds has retired from its entire 50% partnership stake in Kena Print Pack for an aggregate cash consideration of ₹1.5 crore. The transaction was executed on August 27, 2026, marking the company’s complete exit from the partnership firm.

The retirement deed was signed on mutually agreed terms between the parties. Mangalam Seeds ceases to be a partner in Kena Print Pack following this disposal. The company disclosed the transaction pursuant to Regulation 30 and Regulation 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Transaction Details

The sale involves the disposal of Mangalam Seeds' share in the profits and losses of the partnership firm. The financial contribution of Kena Print Pack to the listed entity during the financial year 2025-26 is detailed below.

The expected date of completion for the sale was also August 27, 2026. The consideration received from the disposal stands at ₹150 lakh.

Regulatory Compliance

Mangalam Seeds stated that while the transaction is material for the company, the subsidiary involved is not material to the listed entity. The disclosure is made in compliance with the technical requirements of Regulation 30 of the SEBI LODR Regulations, read with Sub-para 1 of Paragraph A of Part A of Schedule III.

The transaction does not fall within related party transactions. It is not part of any Scheme of Arrangement, nor does it constitute a slump sale requiring indicative disclosures for amalgamation or merger under SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.