Puretrop Fruits Limited shareholders approved all six resolutions proposed at its 34th Annual General Meeting (AGM) held on September 15, 2026. The meeting was conducted via video conference and other audio-visual means.

The company reported a total paid-up capital of ₹6,86,99,020, divided into 68,69,902 equity shares of ₹10 each as on the record date of September 8, 2026. A total of 4,661 shareholders were on record.

Voting Participation

Voting participation varied significantly across resolutions. For the adoption of financial statements and most director appointments, promoters cast 100% of their votes in favor. Public non-institutional shareholder participation remained low, with only 3.8% of outstanding shares polled for these items.

Director Appointments

Shareholders approved the reappointment of Mr. Ramchandra Joshi as a director retiring by rotation. The board also secured approval for the reappointment of Mr. Pradeep Katyal and Mrs. Sharada Iyer as independent directors for a second term of five consecutive financial years. Additionally, Mr. Saikiran Saladi was appointed as an independent director for a term of two consecutive financial years.

Whole Time Director

The special resolution to reappoint Mrs. Nanita Motiani as Whole Time Director for two years effective April 1, 2027, received the lowest participation rate among all agenda items. Only 44.35% of outstanding shares were polled for this resolution compared to 65.63% for others.

While promoters voted unanimously in favor, public non-institutional shareholders showed higher dissent here, with 7.45% of polled votes cast against the resolution. This contrasts with negligible opposition (below 0.02%) in other director-related resolutions.

Puretrop Fruits Limited has submitted its 34th Annual Report for the financial year ended March 31, 2026, revealing a significant turnaround in profitability. The company reported a net profit of ₹2,529.02 lakh for FY26, a substantial increase of 113.06% compared to ₹1,187.02 lakh in FY25. This improvement was underpinned by a 9.12% rise in revenue from operations, which stood at ₹12,188.22 lakh, up from ₹11,169.23 lakh in the prior year.

The financial performance reflects the benefits of strategic restructuring undertaken in recent years, including the transfer of its fresh fruit business to Green Agrevolution Private Limited. This divestment allowed Puretrop to sharpen its focus on core fruit processing operations. Management attributed the profit surge to reduced costs due to investments made over the last two years, lower raw material prices, and favorable currency exchange rates.

Financial Performance Highlights

The company’s EBITDA grew by 89.27% to ₹3,883.85 lakh from ₹2,052.04 lakh in FY25. Profit before tax (PBT) from continuing operations turned positive, recording ₹961.80 lakh against a loss of ₹888.46 lakh in the previous year. Additionally, profit from discontinued operations contributed ₹1,802.69 lakh after tax.

Export volumes accounted for a significant portion of sales, with exports rising 8.60% to ₹10,317.65 lakh, while domestic sales grew 12.12% to ₹1,870.58 lakh. The company’s net worth increased by 22.50% to ₹13,785.48 lakh.

Board Reshuffle and AGM Details

The 34th Annual General Meeting (AGM) is scheduled for Tuesday, September 15, 2026, at 4:00 pm via video conferencing. Shareholders will vote on several special resolutions concerning director appointments and reappointments.

Key proposals include:

• Reappointment of Mrs. Nanita A Motiani as Whole Time Director for two years commencing April 1, 2027, with a salary of ₹5,00,000 per month and a discretionary bonus cap of ₹12 lakh annually.
• Reappointment of Mr. Ramchandra Joshi as Non-Executive Director, requiring approval due to his age of 80 years.
• Reappointment of Independent Directors Pradeep Katyal and Sharada Iyer for second terms of five years each.
• New appointment of Saikiran Saladi as Independent Director for a two-year term.

The cut-off date for voting entitlements is September 8, 2026. Remote e-voting will be open from September 12 to September 14, 2026.

What the Numbers Show

The shift from a PBT loss of ₹888.46 lakh in FY25 to a profit of ₹961.80 lakh in FY26 highlights the operational impact of the fresh fruit business divestment. While revenue growth was modest at 9.12%, the nearly doubling of EBITDA indicates improved cost efficiency and margin expansion. Furthermore, the decision to retain all profits rather than declare a dividend suggests management intends to reinvest in capacity utilization and product innovation within the processed fruit segment.