Purple Agrotech Industries passed all seven resolutions proposed at its 52nd Annual General Meeting held on September 25, 2026. The meeting focused on adopting FY26 financial statements and regularizing key board appointments.

The company, formerly known as Purple Entertainment Limited, conducted the proceedings via video conferencing 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. The scrutinizer’s report confirmed that all resolutions were passed with the requisite majority.

Ordinary business transacted

Members received and adopted the audited annual financial statements and reports for the financial year ended March 31, 2026. The resolution to adopt these statements received 99.9986% votes in favor, with only one dissenting vote recorded among the public shareholders.

The meeting also addressed the re-appointment of Chirag Kirtikumar Shah as a director retiring by rotation. This resolution was approved by 81.67% of the votes polled, with 18.33% against it.

Special resolutions passed

The shareholders approved several special business items aimed at formalizing the current board composition and leadership structure. All special resolutions were passed with an identical voting pattern of 81.67% in favor and 18.33% against:

• 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.

Voting details and attendance

The voting results highlight a distinct divergence between the adoption of financial statements and the governance-related appointments. While the financial statements saw near-unanimous support from participating shareholders, the director-related resolutions faced consistent opposition from approximately one-fifth of the voting public shareholders.

The following table summarizes the voting outcomes for the key resolutions:

Remote e-voting facilities were provided through the PURVA platform from September 22 to September 24, 2026. The scrutinizer, Pooja Gwalani, submitted her report on September 26, 2026, confirming the unblocking of votes after the conclusion of the AGM.

Purple Agrotech Industries Limited received an advisory letter from the Bombay Stock Exchange (BSE) on September 24, 2026, citing non-compliance with Regulation 45(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The regulatory action stems from the company's name change application submitted on November 11, 2025, seeking approval to rename itself from Purple Entertainment Limited to Purple Agrotech Industries Limited. The BSE observed that the company was in non-compliance with Regulation 45(3) at the time of the application. Although a ratification letter was provided, the details of the non-compliance were referred to the Securities and Exchange Board of India (SEBI).

Regulatory directives and corrective steps

SEBI noted the lapse and advised the company to exercise due caution to prevent recurrence. The specific directives issued include:

• Placing the warning letter and corrective steps taken before the Board of Directors.
• Disseminating a copy of the warning on the stock exchange.
• Informing the exchange upon ratification of the actions taken.

Impact assessment

The company stated that there is no impact on its financial, operational, or other activities as a result of this advisory. The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI LODR Regulations, 2015.