Company Disclosure

Key Events and Approvals

The 42nd Annual General Meeting was held on Tuesday, 22nd September 2026. Members confirmed/approved the following director appointments:

1. Reappointment of Mr. Ramkumar Babulal Panjari (DIN: 00262001)

  • Position: Non-Executive Non-Independent Director
  • Reason: Retired by rotation and reappointed
  • Original appointment date: 26/06/2016
  • Reappointment confirmed at AGM on 22nd September 2026
  • Profile: Executive Director and Chief Financial Officer with extensive experience in seafood industry, finance, international marketing, business operations, regulatory compliance and strategic management
  • Relationship: Brother of Mr. Rajeshkumar Babulal Panjari (Managing Director)
  • Not debarred from holding director office

2. Reappointment of Mr. Rajeshkumar Babulal Panjari (DIN: 00261895)

  • Position: Managing Director
  • Term: 5 years effective from 1st October 2026
  • Remuneration: ₹5,00,000 per month for first 3 years (1st October 2026 to 30th September 2029)
  • Original appointment date: 31/03/2021
  • Profile: Over 33 years experience in seafood industry including procurement, processing, exports, quality control, marketing and business operations
  • Relationship: Brother of Mr. Ramkumar Babulal Panjari (Executive Director and CFO)
  • Not debarred from holding director office

3. Reappointment of Mr. Jaidip Dilipkumar Simaria (DIN: 02587800)

  • Position: Non-Executive Independent Director
  • Term: Second term of 5 years from 23rd September 2026 to 22nd September 2031
  • Profile: 36 years experience in various domestic and international businesses including food, dairy products, property development, retail stores, cold storage, and hospitality sector
  • Currently Partner with Melhor Hospitallity LLP (2023 onwards) and previously CEO and Director for Sandalwood Resorts Pvt Ltd Goa (2009-2022)
  • Specialization in fund management, government liaison, stakeholder management, labor management, and marketing strategy
  • Not debarred from holding director office

4. Appointment of Mr. Pragnesh P. Patel (DIN: 11668303)

  • Position: Non-Executive Independent Director
  • Initial appointment: Additional Director (Independent) from 11th August 2026
  • Term: First term of 5 years from 11th August 2026 to 10th August 2031
  • Profile: Bachelor of Homoeopathic Medicine and Surgery (BHMS) qualified practitioner with over 15 years experience in clinical practice, healthcare administration, regulatory compliance, and medical establishment management
  • Experience in financial planning, budgeting, resource management, and operational oversight
  • Not debarred from holding director office

Financial Impact

Remuneration commitment of ₹5,00,000 per month for Mr. Rajeshkumar Babulal Panjari as Managing Director for the period 1st October 2026 to 30th September 2029.