Vistar Amar Limited has scheduled its 42nd Annual General Meeting (AGM) for September 22, 2026, to seek shareholder approval for the reappointment of key directors and authorize material related party transactions (RPTs) valued at up to ₹33 crore for FY2026-27. The meeting will also address the adoption of financial statements for FY2025-26, in which the company reported a profit after tax (PAT) of ₹93.47 million, a significant turnaround from a loss of ₹14.73 million in the prior year.

The Board of Directors, meeting on August 11, 2026, recommended the reappointment of Rajeshkumar Babulal Panjari as Managing Director for five years effective October 1, 2026. His monthly remuneration is set at ₹5,00,000 for the first three years. Additionally, shareholders will vote on the appointment of Pragnesh P. Patel as a Non-Executive Independent Director for a five-year term starting August 11, 2026, and the reappointment of Jaidip Dilipkumar Simaria for a second five-year term. Ramkumar Babulal Panjari, Executive Director and CFO, retires by rotation and seeks reappointment.

Material Related Party Transactions

The company seeks approval for recurring transactions with three related entities, exceeding the materiality threshold under Regulation 23 of the SEBI Listing Regulations. These transactions are conducted at arm’s length and are essential for operational continuity.

Rajeshkumar Babulal Panjari and Ramkumar Babulal Panjari, who are brothers, are interested parties in these resolutions and will abstain from voting. The Audit Committee has reviewed and approved these transactions, confirming they are in the ordinary course of business.

Financial Performance and Auditor Remuneration

Vistar Amar’s financial results show a recovery trajectory. Total income rose to ₹158.62 million in FY2025-26 from ₹27.11 million in FY2024-25. The company approved remuneration of ₹4 lakh for its statutory auditors, S A R A & Associates, for FY2026-27. The CSR obligation remains below ₹50 lakh, allowing the Board to discharge CSR functions directly without a separate committee.

E-Voting and Book Closure Details

The Register of Members and Share Transfer Books will remain closed from September 16, 2026, to September 22, 2026. Remote e-voting will be available from September 18, 2026, at 9:00 AM to September 21, 2026, at 5:00 PM, via Purva Sharegistry (India) Private Limited. Only shareholders holding shares as on the cut-off date of September 15, 2026, are eligible to vote. Ms. Isha Gupta, Practicing Company Secretary, has been appointed as the scrutinizer for the e-voting process.

Vistar Amar Limited reported a net profit of ₹934.73 lakh for the financial year ended March 31, 2026, reversing its loss position from the previous year. The company recorded a loss of ₹147.27 lakh in FY25. Revenue from operations surged to ₹15,862.17 lakh in FY26, compared to ₹2,710.85 lakh in the previous year, driven by its primary fish segment. The Board approved the audited financial results during a meeting held on May 28, 2026.

The company’s profit before tax for FY26 stood at ₹1,259.00 lakh, a sharp increase from the loss before tax of ₹138.73 lakh in the prior year. Earnings per share (EPS) improved to ₹16.23 from a negative ₹3.81 in FY25. The statutory auditors, M/s. S A R A & Associates, issued an unmodified opinion on the financial results, confirming compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

The total comprehensive income for the year rose to ₹948.27 lakh, up from a negative ₹155.06 lakh in the previous year. The company’s assets expanded significantly, with total assets reaching ₹8,449.20 lakh as of March 31, 2026, compared to ₹5,483.38 lakh a year earlier. Shareholders' funds increased to ₹5,431.51 lakh, bolstered by the addition to reserves and surplus which stood at ₹4,855.51 lakh.

Key Financial Metrics (Amount in Lacs)

The Board also reappointed M/s. KTM & Co., Chartered Accountants, as the internal auditor for the financial year 2026-27. The regulatory filings were submitted to BSE Limited under Security Code No. 538565.