AGM Schedule and Logistics

  • AGM Date: Monday, September 28, 2026
  • Time: 11:30 A.M. IST
  • Mode: Video Conferencing (VC) / Other Audio-Visual Means (OAVM) facility
  • Relevant Date/Cut-off Date for Voting: September 21, 2026
  • Closure of Register of Members and Share Transfer Books: September 22, 2026 to September 28, 2026 (both days inclusive)
  • Remote E-voting Commencement: September 25, 2026 at 9:00 A.M.
  • Remote E-voting End: September 27, 2026 at 5:00 P.M.

Business Items to be Transacted

Ordinary Business

1. Adoption of Financial Statements: To receive, consider and adopt the Audited Financial Statements including Consolidated Financial Statements for the financial year ended March 31, 2026, together with Reports of the Board of Directors and Auditor thereon.

2. Reappointment of Director: To appoint Mr. Sanjay Mehta (DIN: 00002817) who retires by rotation and being eligible, offers himself for reappointment as Director of the Company.

Special Business

3. Continuation of Directorship: Special Resolution for continuation of directorship of Mr. Sanjay Mehta (DIN: 00002817), as Non-Executive Non-Independent Director in terms of Regulation 17(1A) of SEBI Listing Regulations, as he attained the age of 75 years on October 20, 2024.

4. Related Party Transactions - Entities: Ordinary Resolution for approval of related party transactions with the following entities with maximum per annum values:

  • Dryfruit Factory LLP (LLP in which Company is partner): ₹75 crore
  • Aranya Consulting and Biotech LLP (LLP in which Company is partner): ₹5 crore
  • Span Diagnostics LLP (LLP in which Director is partner, Subsidiary up to November 10, 2025): ₹5 crore
  • Biospan Scientific LLP (LLP in which Company is partner): ₹5 crore
  • Biospan Contamination Control Solutions Private Limited (Subsidiary Company): ₹5 crore

5. Related Party Transactions - Individuals: Ordinary Resolution for approval of related party transactions with the following individuals with maximum per annum values:

  • Mr. Viral P Desai (Managing Director): ₹5 crore
  • Dr. Pradip K Desai (Relative of Director): ₹5 crore
  • Mrs. Sujata Desai (Chief Operating Officer): ₹5 crore

Historical RPT Data (Past Three Years)

The explanatory statement provides detailed transaction values with related parties for the past three financial years:

Dryfruit Factory LLP:

  • FY26: Investment Made ₹232.17 crore, Receipts ₹41.40 crore, Interest capital ₹111.65 crore, Management Fees - nil, Guarantee Commission ₹1.84 crore, Rent ₹12.48 crore
  • FY25: Investment Made ₹0.50 crore, Management Fees ₹11.56 crore, Interest capital ₹107.35 crore, Guarantee Commission ₹4.39 crore, Rent ₹21.95 crore
  • FY24: Investment Made ₹10.50 crore, Management Fees ₹18.15 crore, Interest capital ₹106.54 crore, Guarantee Commission ₹3.95 crore, Rent ₹20.91 crore

Other entities and individuals show varying transaction patterns over the three-year period with detailed breakdowns provided.

Additional Information

  • Registrar and Share Transfer Agent: M/s. Accurate Securities and Registry Private Limited
  • Scrutinizer: Mr. Mitesh Rana of Mitesh Rana & Co., Company Secretaries
  • Company Website: www.span.in
  • Integrated Annual Report: The Notice forms part of the Integrated Annual Report for FY 2025-2026
  • No unclaimed dividend amount lying with the Company as on date
  • Voting Results: To be displayed on Company's website and Stock Exchange's website

Director Information for Reappointment

Mr. Sanjay Mehta (DIN: 00002817)

  • Date of Birth: October 20, 1950
  • Age: 76 years
  • Qualification: Commerce Graduate, Chartered Accountant, Cost & Work Accountant
  • Date of Initial Appointment: August 21, 2004
  • Experience: Practicing Chartered Accountant with over 45 years experience in auditing, corporate advisory services
  • Current Directorships: Neogen Ionics Limited, Neogen Chemicals Limited, Meera Industries Limited, Cognate Biolabs Private Limited
  • Committee Memberships: Member of Audit Committee, Nomination and Remuneration Committee, Chairman of Stakeholder Relationship Committee
  • Shares Held: 32,800 shares

Impact and Authorization

The resolutions authorize the Board of Directors to finalize terms and conditions, execute necessary documents, and take all steps required to implement the approved related party transactions without requiring further member approval.