Galaxy Agrico Exports Ltd Board Meeting Approves Key Appointments and Notes Director Resignations
On April 9, 2026, the Board of Directors of Galaxy Agrico Exports Ltd held a meeting where several material corporate actions were considered and approved. The meeting commenced at 04:00 P.M. and concluded at 05:30 P.M.Among the key decisions, the Board approved the appointment of Mr. Kalpataru Bhogilal Shah (DIN: 11655140) to serve as an Executive Director and Chief Financial Officer (CFO), pending necessary approvals.
The Board also noted and approved the resignations of several directors, effective March 30, 2026. The departing directors include Mr. Nathabhai Jerambhai Sadaria, Mr. Ajay Ramjibhai Patel, Mrs. Mausamiben Pareshbhai Sadaria, Mr. Jagdish Manshukhlal Shah, Mr. Manoj Harsukhlal Shah, Mr. Sanjay Jayantilal Patel, and Mr. Kiran Bavanjibhai Govani. The company expressed appreciation for the contributions of these directors during their tenure.
In addition to these changes, the Board noted and approved the resignation of Mr. Jayantilal Panchanbhai Kansagara from the post of Chief Financial Officer (CFO), effective April 9, 2026.
Other Matters Discussed
The Board took note of the reclassification of shares, which was intimated to BSE Limited on March 30, 2026, and March 31, 2026, regarding the transfer of shares from the Promoter Category to the Public Category.Regarding property matters, the Board discussed a proposed acquisition of a new property in Mumbai, which requires shareholder approval. Additionally, matters pertaining to a property in Hyderabad, linked to the Right Issue, are slated to be presented to the shareholders at the forthcoming general meeting.
The Board also discussed the change in the Registered Office of the Company; however, this matter has not yet been finalized and is scheduled for review at the next Board Meeting.
Stock Price Movement
At the close of trade today, Galaxy Agrico Exports Ltd. slipped to ₹48.25, shedding 2.13% in value. During the day, shares traced a range between ₹47.50 and ₹51.00.Source:
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