Saptarishi Agro Industries Limited held its 34th Annual General Meeting (AGM) on Friday, September 25, 2026, via Video Conferencing. The company sought shareholder approval for key governance matters, including the re-appointment of its Managing Director and material related party transactions.

The meeting was chaired by Krunal Ravjibhai Patel, Chairman and Director. Due to compliance with Ministry of Corporate Affairs and SEBI circulars, the event was conducted through Video Conferencing and Other Audio Visual Means. Remote e-voting was open from September 22 to September 24, 2026.

Key Resolutions Passed

Shareholders considered several ordinary and special business items. The primary resolutions included the adoption of audited standalone financial statements for FY26 and the re-appointment of directors retiring by rotation.

Managing Director Re-appointment

A special resolution was passed to re-appoint Rushabh Ravjibhai Patel as Managing Director in the Executive Category. His tenure is for three consecutive years, effective August 11, 2026, through August 10, 2029. Patel holds a degree in Business and Management with over 15 years of experience, including 10 years in food processing industries. He is the brother of Krunal Ravjibhai Patel, the Chairman and Director.

Related Party Transactions

The company proposed two material related party transactions for approval. These involve agreements with Fanidhar Mega Food Park Private Limited and Fanidhar Agrivista Private Limited. Both transactions were recommended as ordinary resolutions.

Voting and Attendance Details

The company reported that 34 shareholders attended the meeting via Video Conferencing. This included two members from the Promoter and Promoter Group and 32 public shareholders. Mr. Chirag Shah of M/s Chirag Shah & Associates served as the scrutinizer for the electronic voting process. Final voting results will be published on the company website and CDSL within two working days.

Saptarishi Agro Industries has scheduled its 34th annual general meeting for September 25, 2026. The company will seek shareholder approval for significant related-party transactions and management reappointments during the virtual meeting.

The register of members and share transfer books will remain closed from September 18, 2026, to September 25, 2026. Remote e-voting commences on September 22, 2026, at 9:00 am and concludes on September 24, 2026, at 5:00 pm.

Related Party Transaction Approvals

The agenda includes the reappointment of Rushabh Ravjibhai Patel as managing director for three years. Shareholders will also vote on material transactions with two related entities, Fanidhar Mega Food Park Private Limited and Fanidhar Agrivista Private Limited.

The board seeks approval for transactions with Fanidhar Mega Food Park Private Limited up to ₹50 crore. These deals cover utilities, operational services, and corporate guarantees. The value represents approximately 70.82% of the company’s audited consolidated annual turnover for FY26.

A similar resolution covers transactions with Fanidhar Agrivista Private Limited, also capped at ₹50 crore. This entity supports agricultural produce trading, warehousing, and logistics. The aggregate value similarly accounts for roughly 70.82% of FY26 consolidated turnover.

Both approvals remain valid until the next AGM. The audit committee has reviewed these proposals, noting they are on an arm’s length basis.

Management Reappointments

Shareholders will reappoint Rushabh Ravjibhai Patel as managing director effective August 11, 2026. The term lasts three years. Janayash Nareshbhai Desai and Rushabh Ravjibhai Patel also retire by rotation and seek reappointment as directors.

What the Numbers Show

The proposed related-party transactions reveal a high concentration of business activity within the promoter group. With both entities accounting for over 70% of annual turnover individually, the company’s operations are heavily dependent on these affiliated arrangements for utilities, logistics, and processing support.