Vistar Amar Board Approves Q1 FY27 Results, Director Reappointments

The Board considered and approved the following matters:

Financial Results:

Approved the Unaudited Financial Results for the quarter ended 30th June, 2026.
Taken on record the Limited Review Report on Unaudited Financial Results for the quarter ended 30th June, 2026.

Director Appointments and Reappointments:

Recommended reappointment of Mr. Ramkumar Babulal Panjari (DIN: 00262001) as Executive Director, who retires by rotation at the ensuing Annual General Meeting. Original appointment date: 26/06/2016.
Recommended reappointment of Mr. Rajeshkumar Babulal Panjari (DIN: 00261895) as Managing Director for a further period of 5 years effective 1st October, 2026, with managerial remuneration of ₹5,00,000 per month for 3 years commencing 1st October, 2026. Original appointment date: 31/03/2021.
Recommended reappointment of Mr. Jaidip Dilipkumar Simaria (DIN: 02587800) as Non-Executive Independent Director for a second term of 5 years.
Approved appointment of Mr. Pragnesh P. Patel (DIN: 11668303) as Additional Non-Executive, Independent Director effective 11th August, 2026, to hold office until the ensuing AGM.
Recommended regularisation of Mr. Pragnesh P. Patel as Non-Executive Independent Director for 5 years until 10th August, 2031.

Auditor Remuneration:

Recommended remuneration to S A R A & Associates, Chartered Accountants (Registration No. 120927W), as Statutory Auditors for FY 2026-2027.

Related Party Transactions:

Recommended approval of Material Related Party Transaction(s) under section 188 of the Companies Act, 2013 and Regulation 23 of SEBI (LODR) Regulations, 2015 and IND AS-24.

Annual General Meeting:

Approved Notice of 42nd Annual General Meeting to be held on Tuesday, 22nd September, 2026 at 03:00 p.m. through Video Conferencing/Other Audio Visual Means facility.
Remote e-voting period: Friday, 18th September, 2026 at 09:00 AM to Monday, 21st September, 2026 at 05:00 PM.
Register of Members and Share Transfer Book shall remain closed from Wednesday, 16th September, 2026 to Tuesday, 22nd September, 2026 (both days inclusive).

Other Approvals:

Approved Directors' Report, Management Discussion and Analysis Report, and other related documents for FY 2025-2026.
Appointed Ms. Isha Gupta, Practicing Company Secretary, as scrutinizer for the remote e-voting process.
Approved availing e-voting and VC/OAVM facility from Purva Sharegistry (India) Private Limited, RTA.
Reconstituted Audit Committee, Nomination and Remuneration Committee, and Stakeholders' Relationship Committee with immediate effect with Mr. Jaidip Dilipkumar Simaria as Chairman and Ms. Chandni Gopal Khudai and Mr. Ramesh Upadhyay as Members.
Noted applicability of CSR provisions with obligation not exceeding ₹50 lakh, and approved CSR Policy.

Mr. Ramkumar Babulal Panjari: Executive Director and CFO with extensive experience in seafood industry, finance, international marketing, and regulatory compliance. Brother of Managing Director Rajeshkumar Panjari.
Mr. Rajeshkumar Babulal Panjari: Managing Director with over 33 years of experience in seafood industry including procurement, processing, exports, and quality control. Brother of Executive Director Ramkumar Panjari.
Mr. Jaidip Dilipkumar Simaria: Non-Executive Independent Director with 36 years of experience in food, dairy products, property development, retail, and hospitality sectors.
Dr. Pragnesh Patel: Additional Non-Executive Independent Director, Homeopathic Medical Practitioner with over 15 years of clinical practice experience.

All directors are not debarred from holding office by virtue of any SEBI order or other authority.