Sapphire Foods 17th AGM Voting Results

Meeting Details

The 17th Annual General Meeting of Sapphire Foods India Limited was held on Tuesday, 21st July 2026 at 5:00 PM. The meeting was conducted through Video Conferencing (VC)/Other Audio Visual Means (OAVM) in compliance with MCA General Circular No. 03/2025 dated 22nd September 2025 and subsequent circulars, which permitted virtual meetings without physical presence of members.

Proposed Resolutions and Implications

The AGM considered nine resolutions covering various corporate matters:

1. Ordinary Resolution: To receive, consider, approve and adopt the Audited Standalone and Consolidated Financial Statements for the financial year ended 31st March 2026, together with Reports of the Board of Directors and Auditors

2. Ordinary Resolution: To appoint Mr. Vijay Jain (DIN: 11129200) as Director who retires by rotation under Section 152 of the Companies Act, 2013

3. Ordinary Resolution: To appoint Mr. Kabir Thakur (DIN: 08422362) as Director who retires by rotation under Section 152 of the Companies Act, 2013

4. Special Resolution: Re-appointment of Mr. Sanjay Purohit (DIN: 00117676) as Whole-time Director & Group CEO and approval of terms and conditions including remuneration

5. Special Resolution: Re-appointment of Mr. Sunil Chandiramani (DIN: 00524035) as Chairman and Independent Director for a second term and approval of remuneration

6. Special Resolution: Re-appointment of Ms. Deepa Wadhwa (DIN: 07862942) as Independent Director for a second term and approval of remuneration

7. Special Resolution: Re-appointment of Ms. Anu Aggarwal (DIN: 07301689) as Independent Director for a second term

8. Ordinary Resolution: Continuation of appointment of Mr. Sumeet Narang (DIN: 01874599) as Non-Executive Nominee Director

9. Ordinary Resolution: Appointment of Mr. Vikram Agarwal (DIN: 03038370) as Non-Executive Nominee Director

Voting Process and Methods

The voting process utilized two methods:

Remote e-voting: Conducted prior to the meeting through MUFG Intime India Private Limited's platform, concluding on Monday, 20th July 2026 at 5:00 PM
Electronic voting during AGM: Conducted for members present through VC/OAVM who could not participate in remote e-voting

The e-voting facility for both remote e-voting and electronic voting at the AGM was provided by MUFG Intime India Private Limited.

Key Voting Outcomes

Overall Participation

Total number of shareholders on record date: 58,522
Shareholders present through video conferencing: 52 (2 Promoters, 50 Public)
Total votes cast: 275,616,494 out of 321,382,905 outstanding shares (85.7595% participation)

Resolution-wise Results:

Resolution 1 (Ordinary - Financial Statements)

Total votes in favor: 275,616,319 (99.9999%)
Votes against: 175 (0.0001%)
Invalid/abstain votes: 30 from 1 member

Resolution 2 (Ordinary - Vijay Jain reappointment)

Total votes in favor: 274,698,689 (99.6670%)
Votes against: 917,839 (0.3330%)
Invalid/abstain votes: 30 from 1 member

Resolution 3 (Ordinary - Kabir Thakur reappointment)

Total votes in favor: 274,614,124 (99.6363%)
Votes against: 1,002,405 (0.3637%)
Invalid/abstain votes: 30 from 1 member

Resolution 4 (Special - Sanjay Purohit reappointment)

Total votes in favor: 274,937,096 (99.7535%)
Votes against: 679,434 (0.2465%)
Invalid/abstain votes: 30 from 1 member

Resolution 5 (Special - Sunil Chandiramani reappointment)

Total votes in favor: 274,881,089 (99.7332%)
Votes against: 735,442 (0.2668%)
Invalid/abstain votes: 30 from 1 member

Resolution 6 (Special - Deepa Wadhwa reappointment)

Total votes in favor: 274,138,106 (99.46%)
Votes against: 1,478,426 (0.54%)
Invalid/abstain votes: 30 from 1 member

Resolution 7 (Special - Anu Aggarwal reappointment)

Total votes in favor: 273,420,316 (99.2036%)
Votes against: 2,194,967 (0.7964%)
Invalid/abstain votes: 30 from 1 member

Resolution 8 (Ordinary - Sumeet Narang continuation)

Total votes in favor: 274,597,403 (99.6302%)
Votes against: 1,019,131 (0.3698%)
Invalid/abstain votes: 30 from 1 member

Resolution 9 (Ordinary - Vikram Agarwal appointment)

Total votes in favor: 275,055,041 (99.7963%)
Votes against: 561,494 (0.2037%)
Invalid/abstain votes: 30 from 1 member

Participation Breakdown by Shareholder Category:

Promoter and Promoter Group

Shares held: 83,778,225
Votes polled: 83,778,225 (100% participation)
Voted in favor of all resolutions: 100%

Public Institutions

Shares held: 215,467,531
Votes polled: 190,033,073 (88.1957% participation)
Voted in favor: ranged from 98.9491% to 99.7048% across resolutions

Public Non-Institutions

Shares held: 22,137,149
Votes polled: 1,805,196 (8.1546% participation)
Voted in favor: ranged from 89.0307% to 99.9689% across resolutions

Scrutinizer's Role and Findings

Mr. Alwyn D'souza of M/s. Alwyn D'souza & Co., Company Secretaries was appointed as the Scrutinizer to scrutinize the remote e-voting and electronic voting process. The scrutinizer:

Ensured the voting process was conducted fairly and transparently
Unblocked the votes cast through both methods on 21st July 2026 at 6:03 PM in the presence of two witnesses (Mr. Edlon Dsouza and Mr. Krishnakant Adagale)
Generated a final electronic report from MUFG Intime's e-voting website (https://instavote.linkintime.co.in)
Submitted a Consolidated Scrutinizer's Report confirming all resolutions passed with requisite majority
Maintained all relevant voting records until Chairman approves and signs the meeting minutes

Compliance Confirmation

The document confirms compliance with:

Section 108 of the Companies Act, 2013
Companies (Management and Administration) Rules, 2014
Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
MCA General Circulars permitting virtual meetings

Additional Information

Company CIN: L55204HR2009PLC145722
Corporate Office: 702, Prism Tower, A-Wing, Mindspace, Link Road, Goregaon (W), Mumbai- 400062