Simran Farms sets Sept 24 AGM for ₹400 crore RPT approval
- Simran Farms scheduled its 39th AGM for September 24, 2026, to be held via video conferencing
- Shareholders will approve omnibus related-party transactions up to ₹400 crore with Simran Agritech
- FY26 revenue rose to ₹87,473.43 lakh but net profit fell to ₹494.55 lakh due to input cost pressures
- Re-appointments of directors Gurmeet Singh Bhatia and Gaurav Chhabra require shareholder consent
*this image is generated using AI for illustrative purposes only.
Simran Farms has scheduled its 39th Annual General Meeting for September 24, 2026. The meeting will convene via video conferencing at 11:30 am to address corporate governance matters and approve significant related-party transactions.
The company informed shareholders that the Annual Report and Notice of the 39th AGM are available electronically on its website and the BSE platform. Shareholders who have not registered email addresses with their depository participants or registrar have been sent a letter providing web links to access these documents. Physical copies can be requested by writing to the compliance department.
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.
| Metric | FY26 (₹ in Lakhs) | FY25 (₹ in Lakhs) |
|---|---|---|
| Revenue from Operations | 87,473.43 | 83,440.93 |
| Profit Before Tax | 756.20 | 795.88 |
| Profit After Tax | 494.55 | 579.50 |
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.
Historical Stock Returns for Simran Farms
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.17% | +2.02% | +13.39% | +22.07% | +15.72% | +60.54% |
How might the ₹400 crore omnibus approval for related-party transactions with Simran Agritech impact Simran Farms' operational independence and future margin stability?
Given the 15% decline in net profit despite revenue growth, what specific hedging strategies or supply chain diversifications is management planning to mitigate volatility in maize and soybean meal costs?
Will the transition of Mr. Kawaljeet Singh Bhatia to a Non-Executive role and the re-appointment of key directors signal a strategic shift in corporate governance or operational leadership focus?
17
Create Custom Screeners 
Access 200+ Pre-built Filters 
Use 50+ Readymade Screener 
