Annual Report for the year ended on 31st March 2025
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Saptarishi Agro Industries Limited has submitted its 33rd Annual Report for the financial year ended 31st March 2025, as required under SEBI LODR Regulation 34. The 33rd Annual General Meeting is scheduled for 25th September 2025 via video conferencing. The AGM notice includes ordinary business such as adoption of audited financial statements and re-appointment of two directors (Mr. Janayash N. Desai and Mr. Krunal R. Patel) retiring by rotation. Special business includes the appointment of M/s Chirag Shah & Associates as Secretarial Auditor for a five-year term from FY 2025-26. The company is also seeking shareholder approval to raise its overall borrowing limit under Section 180(1)(c) of the Companies Act, 2013 to Rs. 400 crore, replacing the 2018 limit, along with enabling creation of mortgage/charge on company assets. Additionally, shareholders' approval is sought for material related party transactions with Fanidhar Mega Food Park Private Limited up to Rs. 30 crore.
The proposed increase in borrowing limit to Rs. 400 crore signals the company's intent to raise significantly more debt, which could fund expansion but also increase leverage. The material related party transaction with Fanidhar Mega Food Park (also a related party) is a governance point for shareholders to review. Detailed financial performance and auditor observations are not visible in this filing excerpt and will be in the attached full annual report.