Purple Agrotech Industries held its 52nd Annual General Meeting on September 25, 2026, through video conferencing. The meeting focused on adopting financial statements for FY26 and regularizing key board appointments.

The company, formerly known as Purple Entertainment Limited, conducted the proceedings in compliance with Ministry of Corporate Affairs and SEBI circulars. Chairman cum Managing Director and CFO Naishadh Dineshbhai Modi chaired the session, which commenced at 12:30 pm and concluded at 12:55 pm.

Ordinary business transacted

Members received and adopted the audited annual financial statements and reports for the financial year ended March 31, 2026. The meeting also addressed the re-appointment of Chirag Kirtikumar Shah as a director retiring by rotation.

Special resolutions passed

The shareholders approved several special business items aimed at formalizing the current board composition and leadership structure:

• Regularization of the appointment of Pradip Sudhakarbhai Birewar as an additional non-executive and non-independent director.
• Regularization of the appointment of Lata Gaurav Kimtani as an additional non-executive independent director.
• Regularization of the appointment of Manthan Gumansinh Thakor as an additional non-executive independent director.
• Approval of the appointment of Naishadh Dineshbhai Modi as Managing Director and CFO.
• Ratification of the certificate received from Kamlesh Bhojani & Associates, Chartered Accountants, regarding shareholding patterns under SEBI Listing Regulations.

Board composition and attendance

The meeting was attended by key managerial personnel and directors, including the statutory auditor, secretarial auditor, and scrutinizer. Remote e-voting facilities were provided through the PURVA platform from September 22 to September 24, 2026, with results to be declared within two working days.

Shareholder Sanjeev Lunkad reduced his shareholding in Purple Agrotech Industries Ltd below the 5% threshold through an open market sale. The transaction involved the disposal of 40,000 equity shares representing 0.46% of the company's total voting capital.

The disclosure was submitted under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The sale occurred on September 18, 2026, bringing the acquirer's total stake down to 4.76%.

Transaction details

Lunkad acted in concert with Snehajeev Ventures Pvt. Ltd., Sneha Lunkad, Rushank SS Lunkad, and Riddhi Lunkad. Prior to the sale, the group collectively held 451,637 shares, accounting for 5.22% of the paid-up capital.

The company's equity share capital remains unchanged at ₹86,45,960, comprising 8,64,596 equity shares of ₹10 each. The acquirer confirmed that none of the shares held were encumbered before or after the transaction.