Proceedings of 34th AGM held via video conferencing; 6 resolutions placed for approval
The 34th AGM was held on 25 September 2026 at 1:00 pm via video conferencing, chaired by Mr. Krunal Ravjibhai Patel.
By ScoutQuest · · 2 min read
- AGM Date and Time
- 25 September 2026 at 1:00 pm
- Meeting Duration
- Concluded at 1:30 PM
- MD Re-appointment Period
- 3 consecutive years with effect from August 11, 2026, up to August 10, 2029
- MD Experience
- More than 15 years in business management and 10 years in food processing industries
- Shareholder Attendance
- 2 promoter group and 32 public shareholders; total shareholders on record 21117
What was shared
The company shared the gist of proceedings of its 34th Annual General Meeting, held on 25 September 2026 at 1:00 pm through Video Conferencing / Other Audio Visual Means. The meeting concluded at 1:30 PM.
Who ran it
Mr. Krunal Ravjibhai Patel, Chairman-Director, chaired the meeting, and quorum was present. Chairpersons of the Audit, Nomination & Remuneration and Stakeholders' Relationship Committees attended, along with representatives of the statutory, secretarial and internal auditors and the scrutinizer.
Items placed before members
- Adoption of audited standalone financial statements for the year ended 31st March, 2026 with Board and Auditors' reports.
- Re-appointment of Shri Rushabh Ravjibhai Patel (retiring by rotation).
- Re-appointment of Shri Janayash Nareshbhai Desai (retiring by rotation).
- Special Resolution to re-appoint Shri Rushabh Ravjibhai Patel as Managing Director (Executive Category).
- Ordinary Resolution to approve material related party transaction(s) with Fanidhar Mega Food Park Private Limited.
- Ordinary Resolution to approve material related party transaction(s) with Fanidhar Agrivista Private Limited.
Managing Director re-appointment
The Board, on the Nomination and Remuneration Committee's recommendation, re-appointed Mr. Rushabh Ravjibhai Patel as Managing Director for a period of 3 (Three) consecutive years with effect from August 11, 2026, up to August 10, 2029, subject to shareholder approval. He is a graduate in Business and Management with more than 15 years of experience in business management and 10 years in food processing industries. He is the brother of Mr. Krunal Ravjibhai Patel, Director. He holds Nil shares in the company and is not debarred or disqualified from holding office of Director.
Attendance and voting
Total shareholders on record date were 21117. Attending through video conferencing were 2 from the promoter and promoter group and 32 from the public. Remote e-voting ran from 9:00 a.m. on 22nd September, 2026 to 5:00 p.m. on 24th September, 2026, and e-voting was also available during the meeting. Mr. Chirag Shah of M/s. Chirag Shah & Associates acted as scrutinizer.
What to watch
The voting results under Regulation 44(3) will be submitted separately and placed on the company's website and CDSL's website within two working days of the conclusion of the meeting. Until then, the outcome of each resolution is not confirmed. The two related party transaction resolutions relate to Fanidhar Mega Food Park Private Limited and Fanidhar Agrivista Private Limited.
Also from Saptarishi Agro Industries
Board meeting on 03 November 2026 to consider September-quarter unaudited results
24 Oct 2026
More numbers
- Total shareholders on record date21117
- Promoter group shareholders attending via VC2
- Public shareholders attending via VC32
- Term of MD re-appointment3 (Three) consecutive years
- MD experience in business managementmore than 15 years
- MD experience in food processinglast 10 years
- Shares held in company by MDNil
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