Vistar Amar Limited concluded its 42nd Annual General Meeting on September 22, 2026, approving key board appointments and significant related party transactions. The meeting, conducted via Video Conferencing/Other Audio-Visual Means (VC/OAVM), saw the reappointment of Rajeshkumar Babulal Panjari as Managing Director for a five-year term.

The proceedings also addressed the cessation of Ms. Varsha Manish Sanghai as a Non-Executive Independent Director. Her departure took effect on September 22, 2026, coinciding with the conclusion of the AGM. This change occurred upon the completion of her second consecutive term of appointment. The disclosure confirms that her tenure ended naturally rather than through resignation or removal.

Board composition changes

The AGM approved several resolutions regarding director appointments and tenures. In addition to the cessation of Ms. Sanghai, members approved the reappointment of Mr. Jaidip Dilipkumar Simaria as a Non-Executive Independent Director for a second five-year term commencing September 23, 2026. Furthermore, Mr. Pragnesh P. Patel was appointed as a Non-Executive Independent Director for a first five-year term effective August 11, 2026.

The table below outlines the key particulars reported in the regulatory filing regarding the departing director:

Managing Director remuneration

Members passed a Special Resolution approving the reappointment of Mr. Rajeshkumar Babulal Panjari as Managing Director for a period of five years. His new term commences on October 1, 2026, upon the expiry of his present term. The resolution also approved his remuneration at ₹5 lakh per month for a period of three years, running from October 1, 2026, to September 30, 2029.

Related party transactions

The AGM approved material related party transactions for the financial year 2026-27. These transactions involve aggregate values not exceeding specific limits for three associated entities. The approvals ensure compliance with SEBI regulations regarding transactions with related parties.

Meeting details and attendance

The meeting commenced at 3:00 pm and concluded at 3:32 pm, excluding an additional 15 minutes allowed for e-voting. A total of 49 members attended the AGM through VC/OAVM. Shri Ramkumar Panjari chaired the proceedings. The Statutory Auditors' Report and Secretarial Audit Report were taken as read, having no qualifications or adverse remarks requiring explanation.

Mrs. Isha Gupta, proprietor of M/s. I S Gupta & Co., served as the Scrutinizer for the e-voting process. The voting results are to be declared within the prescribed time and submitted to BSE Limited.

Vistar Amar Limited has released comprehensive details regarding its 42nd Annual General Meeting (AGM), scheduled for Tuesday, September 22, 2026, at 3:00 pm. The meeting will be conducted exclusively through Video Conferencing or Other Audio Visual Means (VC/OAVM). The company also announced that the Share Transfer Register will remain closed from Wednesday, September 16, 2026, to Tuesday, September 22, 2026.

E-Voting and Meeting Logistics

The remote e-voting facility for members holding shares as of the cut-off date, Tuesday, September 15, 2026, will commence on Friday, September 18, 2026, at 9:00 am and conclude on Monday, September 21, 2026, at 5:00 pm. Members who have already cast their votes via remote e-voting will not be eligible to vote again during the AGM. Those attending the virtual meeting who have not voted remotely may cast their votes electronically at the AGM.

Mrs. Isha Sumit Gupta, Practicing Company Secretary of M/s I S Gupta & Co., has been appointed as the Scrutinizer to oversee the voting process. The Scrutinizer is required to submit a consolidated report within 48 hours of the meeting's conclusion. The results will be declared by a director upon receipt of this report and subsequently placed on the company’s website and communicated to stock exchanges.

Shareholder Instructions

The company has dispensed with sending physical copies of the AGM notice and annual report for FY26, in compliance with SEBI circulars. These documents are available electronically via the company website, BSE, and the RTA portal. A letter containing the web-link for accessing these documents was dispatched on August 27, 2026, to shareholders without registered email IDs.

Members are advised to update their KYC details, including PAN, nomination, and bank information, to ensure electronic payment of dividends for physical folios, as mandated by SEBI Master Circular No. SEBI/HO/MIRSD/POD-1/P/CIR/2024/37 dated May 7, 2024. Demat shareholders must update their email and mobile numbers with their respective Depository Participants to facilitate e-voting and virtual meeting access.

Corporate Details

The submission was digitally signed by Poonam Mor, Company Secretary and Compliance Officer, on August 31, 2026.