Puretrop Fruits Independent Director resigns citing medical condition

Independent Director Ashok Chandumal Murajani has resigned from the Board of puretrop fruits effective June 18, 2026, due to an underlying medical condition. The resignation was intimated to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Murajani confirmed there are no material reasons for his departure other than the health issues cited in his resignation letter.

Consequent to his resignation, Murajani has ceased to hold key positions on various board committees. He stepped down as the Chairman of the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee. Additionally, he is no longer a member of the Corporate Social Responsibility Committee.

Details of Resignation

The company disclosed the specific details regarding the change in directorship in an annexure to the regulatory filing. The following table summarizes the event information:

S.No	Details of events	Information
1.	Reason for change	Resignation due to underlying medical condition. No other material reasons confirmed.
2.	Date of cessation	June 18, 2026
3.	Letter of Resignation	Attached herewith
4.	Brief Profile	Not Applicable
5.	Disclosure of relationships	Not Applicable
6.	Other directorships	NIL

In his resignation letter addressed to the Chairman, Murajani stated that ongoing health issues and medical advice rendered him unable to fulfill his duties with the required level of commitment and attention. He expressed that stepping down was in the best interests of the company. The company placed on record its appreciation for his valuable contribution and guidance during his tenure as a Non-Executive Independent Director.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.95%	-1.66%	-9.91%	+1.82%	+12.94%	+66.37%

Puretrop Fruits Limited (formerly known as Freshtrop Fruits Limited) has filed a Certificate of Extinguishment with BSE Limited on May 12, 2026, pursuant to Regulation 11 of the SEBI (Buy-back of Securities) Regulations, 2018. The filing confirms the successful extinguishment of 11,00,000 equity shares bought back under the company's tender offer buyback, resulting in a reduction of the company's paid-up equity share capital.

Buyback Timeline and Process

The buyback process was initiated through a Public Announcement dated February 20, 2026, which was published on February 23, 2026. A Letter of Offer was subsequently issued on April 13, 2026. The tendering period for the buyback opened on Friday, April 17, 2026, and closed on Thursday, April 23, 2026. The extinguishment of the bought-back equity shares was executed on May 07, 2026, through Pravin Ratilal Share And Stock Brokers Limited (DP ID: IN300982, Client ID: 10967087) via the NSDL system.

Share Capital Reconciliation: Pre and Post Extinguishment

The following table presents the reconciliation of the company's share capital before and after the extinguishment of the bought-back equity shares:

Particulars:	No. of Equity Shares	Equity Share Capital (₹ in crores)
Paid-up capital before extinguishment (A)	79,69,902	7.97
Equity Shares in Physical Form extinguished (B)	-	-
Equity Shares in Demat/Electronic Form extinguished (C)	11,00,000	-
Paid-Up Capital (Post Extinguishment) (A-B-C)	68,69,902	6.87

All 11,00,000 equity shares were extinguished in dematerialised (demat/electronic) form. No equity shares in physical form were tendered under the buyback; hence, no extinguishment was required in physical form.

Depository Confirmations

Both national depositories have acknowledged the corporate action. NSDL confirmed the debit of 1,100,000.000 equity shares (ISIN: INE795D01011) from the relevant account on May 07, 2026, as executed by the R&T Agent, Bigshare Services Pvt. Limited. Separately, Central Depository Services (India) Limited (CDSL) communicated on May 8, 2026, that the company has bought back 1100000 equity shares, and the capital of the company after this buyback as recorded with CDSL is Rs.68699020/- (6869902 equity shares of Rs.10/- each).

Post-Buyback Shareholding Pattern

The shareholding pattern of the company, pre and post buyback (with pre-buyback details as on record date April 10, 2026), is as follows:

Category of Shareholder:	Pre Buy-back Shares	Pre Buy-back %	Post Buy-back Shares	Post Buy-back %
Promoters and Promoter Group	48,50,927	60.87	44,15,245	64.27
Foreign Investors (incl. NRIs, FIIs, Foreign Mutual Funds)	0	0	-	-
Financial Institutions / Banks & Mutual Funds promoted by Banks / Institutions	0	0	24,54,657	35.73
Others (Public, Public Bodies Corporate, etc.)	31,18,975	39.13	-	-
Total	79,69,902	100.00	68,69,902	100.00

Certification and Compliance

The Certificate of Extinguishment was issued on May 07, 2026, and certifies that the equity shares were extinguished in compliance with the provisions of Regulation 11 of the Buy-back Regulations and the SEBI (Depository and Participants) Regulations, 2018. The certificate was signed by Ashok Vishindas Motiani (Managing Director, DIN: 00124470), Nanita Ashok Motiani (Whole Time Director, DIN: 00787809), Manoj R. Hurkat of M/s. Manoj Hurkat and Associates (Secretarial Auditors, FCS4287, COP: 2574), and Babu Rapheal of Bigshare Services Private Limited (Registrar to the Buyback). The post-buyback public announcement was published on May 05, 2026, and the above information has also been made available on the company's website at www.puretrop.com .