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Shareholders to vote on resolutions for transactions with related parties, including Amar Food Products
11-Aug-2026, 06:35
Shareholders of the company will vote on resolutions concerning material related party transactions at an upcoming Annual General Meeting. The transactions, exceeding established thresholds, involve M/s. Amar Food Products, M/s. Amarsagar Seafoods Private Limited, and M/s. Pesca Marine Products Private Limited, all entities with connections to Managing Director Rajeshkumar Babulal Panjari and Executive Director Ramkumar Babulal Panjari. Annual limits for transactions with Amar Food Products and Amarsagar Seafoods are capped at Rs. 15 million each, while Pesca Marine Products’ limit is Rs. 3 million. These transactions, primarily involving the purchase and sale of goods/services and expense reimbursements, represent approximately 56% of the company’s annual consolidated turnover. Related parties and their relatives are required to abstain from voting on these resolutions, ensuring compliance with the Companies Act, 2013, and SEBI Listing Regulations.
Shareholders of the company will vote on resolutions concerning material related party transactions at an upcoming Annual General Meeting. The transactions, exceeding established thresholds, involve M/s. Amar Food Products, M/s. Amarsagar Seafoods Private Limited, and M/s. Pesca Marine Products Private Limited, all entities with connections to Managing Director Rajeshkumar Babulal Panjari and Executive Director Ramkumar Babulal Panjari. Annual limits for transactions with Amar Food Products and Amarsagar Seafoods are capped at Rs. 15 million each, while Pesca Marine Products’ limit is Rs. 3 million. These transactions, primarily involving the purchase and sale of goods/services and expense reimbursements, represent approximately 56% of the company’s annual consolidated turnover. Related parties and their relatives are required to abstain from voting on these resolutions, ensuring compliance with the Companies Act, 2013, and SEBI Listing Regulations.