Simran Farms Limited has scheduled its 39th Annual General Meeting for September 24, 2026. The meeting will convene via video conferencing to address key corporate governance matters and approve significant related-party transactions.

The agenda includes the adoption of audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026. Shareholders will also vote on the re-appointment of Mr. Gurmeet Singh Bhatia as Whole-Time Director and Mr. Gaurav Chhabra as an Independent Director for their respective terms.

Financial Performance Context

The explanatory statement highlights that while revenue from operations rose to ₹87,473.43 lakh in FY26 from ₹83,440.93 lakh in FY25, profit before tax declined to ₹756.20 lakh from ₹795.88 lakh. Net profit fell to ₹494.55 lakh compared to ₹579.50 lakh in the prior year. The company attributed the margin pressure to elevated input costs for maize and soybean meal, alongside geopolitical impacts on imported medicines and amino acids.

Related Party Transaction Approval

A central item for shareholder approval is the omnibus approval of material related-party transactions with Simran Agritech Private Limited (SAPL). The Board seeks permission for transactions aggregating up to ₹400 crore during FY27 and until the next AGM. SAPL, a related party due to common directorship and shareholding, supplies poultry feed and ingredients to Simran Farms. The company cites operational convenience, cost optimization, and proximity to farms as key benefits of this arrangement.

Director Remuneration and Re-appointments

Shareholders will decide on the remuneration package for Mr. Kawaljeet Singh Bhatia, who transitions to a Non-Executive Non-Independent Promoter Director role. His proposed monthly remuneration is set at ₹4.50 lakh. Additionally, the meeting will approve the re-appointment of Mr. Gurmeet Singh Bhatia as Whole-Time Director for three years, effective August 13, 2026, with a similar monthly salary structure plus perquisites capped at 25% of annual salary.

Mr. Gaurav Chhabra’s re-appointment as an Independent Director for a second five-year term, commencing May 14, 2027, also requires shareholder consent via special resolution.

What the Numbers Show

The divergence between top-line growth and bottom-line contraction in FY26 underscores the sensitivity of Simran Farms’ margins to raw material costs. While revenue expanded by nearly 5%, net profit declined by approximately 15%, indicating that higher input expenses for feed ingredients outpaced any gains from increased sales volume or pricing power during the period.

Simran Farms Limited has scheduled its 39th Annual General Meeting (AGM) for Thursday, September 24, 2026. The meeting will commence at 11:30 am Indian Standard Time and will be conducted through Video Conferencing or Other Audio-Visual Means.

Meeting Details

The company issued the notice on August 24, 2026, in compliance with Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The AGM aims to transact businesses as outlined in the notice dated August 13, 2026. Shareholders will receive electronic copies of the notice and the Annual Report for FY26 if their email addresses are registered with the company or their Depository Participants.

Shareholder Instructions

Shareholders who have not registered their email addresses must update their details to participate in remote e-voting and receive digital communications. The company provided specific instructions based on holding types:

Regulatory Compliance

The meeting adheres to guidelines from the Ministry of Corporate Affairs and SEBI permitting virtual gatherings without physical presence. Members can access the AGM notice and annual report on the company website and BSE India. The company also highlighted a SEBI circular providing a window from February 5, 2026, to February 4, 2027, for the re-lodgment and dematerialisation of physical securities held before April 1, 2019.