Desi Farms India Ltd (507984)

Desi Farms India has received listing approval from BSE Limited on November 05, 2026, for 3,18,24,590 equity shares. These shares were previously allotted on a preferential basis on July 04, 2026, and July 09, 2026, to promoters/promoter group and public investors. The company's current market capitalization stands at Rs 63 Cr with a TTM revenue base of under Rs 1 Cr. The approval represents a key regulatory step finalizing the preferential issue process.

• BSE listing approval received on November 05, 2026
• Approval covers 3,18,24,590 equity shares
• Shares were allotted on preferential basis on July 04, 2026 and July 09, 2026
• Allottees include promoter/promoter group and public investors

Desi Farms India Limited announced that its Board of Directors approved the appointment of M/s Ojha Agrawal & Associates as Statutory Auditors on November 5, 2026. The appointment fills a casual vacancy created by the resignation of former auditor M/s A N K H & Associates. The new auditor will handle the statutory audit for FY ended March 31, 2027, and hold office until the next Annual General Meeting in calendar year 2027, subject to shareholder approval at an upcoming Extra Ordinary General Meeting.

• Appointment approved at the Board meeting held on November 5, 2026
• Fills casual vacancy caused by the resignation of M/s A N K H & Associates (FRN: 015330S)
• M/s Ojha Agrawal & Associates (ICAI FRN: 119981W) appointed to audit for the financial year ending March 31, 2027
• Appointee to hold office until the next AGM in calendar year 2027, subject to EGM approval

Desi Farms India Limited has dispatched reminder letters to shareholders holding shares in physical form to update their PAN, KYC details, and nomination. The move complies with SEBI circulars mandating updated records, failing which physical shareholders cannot lodge grievances or receive electronic corporate payouts. This is a purely procedural regulatory compliance requirement and has zero financial impact on the company's operational performance (TTM revenue of Rs 1 Cr).

• Dispatched KYC reminder letters to physical security holders pursuant to SEBI circular dated February 6, 2026
• Electronic payment mandates for dividend/interest effective from April 01, 2024 require complete KYC details
• Shareholders must submit Form ISR-1 and ISR-2 to Registrar MUFG Intime India Private Limited
• Non-compliant physical folios will be restricted from lodging grievances or availing RTA services

Desi Farms India Ltd has reconstituted its Audit, Nomination and Remuneration, and Stakeholders' Relationship Committees effective August 5, 2026. This change follows the resignation of Independent Director Mr. Om Narayan Singh. Mr. Ayush Munnalal Sharma, an Independent Director, has been inducted into all three committees and will chair the NRC and Stakeholders' Relationship Committee. These changes are procedural and ensure the company remains compliant with SEBI governance regulations.

• Reconstitution of 3 key board committees effective from August 5, 2026
• Induction of Mr. Ayush Munnalal Sharma as a member of Audit, NRC, and Stakeholders' Relationship Committees
• Mr. Sharma appointed as Chairman for both the Nomination and Remuneration and Stakeholders' Relationship Committees
• Action follows the resignation of Independent Director Mr. Om Narayan Singh on July 9, 2026

Desi Farms India Ltd has scheduled a board meeting for August 5, 2026, to consider and approve the unaudited financial results for the quarter ended June 30, 2026. The company is a micro-cap entity with a market capitalization of Rs 60 Cr and very low TTM revenue of Rs 1 Cr. In the preceding quarter (March 2026), the company reported a net loss of Rs 0.44 Cr on revenue of Rs 0.11 Cr. The trading window for insiders has been closed since July 1, 2026, as per regulatory requirements.

• Board meeting scheduled for August 5, 2026, to review Q1 FY27 performance.
• Trading window for securities has been closed since July 1, 2026.
• Company reported a negative operating profit margin of -49.1% on a TTM basis.
• Market capitalization stands at Rs 60 Cr against a TTM revenue of just Rs 1 Cr.

Desi Farms India Ltd has declared the non-applicability of Corporate Governance reporting for the quarter ended June 30, 2026. This exemption is granted under SEBI Regulation 15(2) for companies with paid-up equity capital under ₹10 crore and net worth under ₹25 crore as of the previous financial year-end (March 31, 2026). Given the company's small scale, with TTM revenue of just ₹1 crore and a market cap of ₹60 crore, this is a routine procedural filing. Investors should note that while this reduces compliance costs, it also means less frequent detailed governance disclosures.

• Exemption claimed under Regulation 15 of SEBI (LODR) Regulations, 2015 for the quarter ended June 30, 2026.
• Company meets the criteria of paid-up equity share capital not exceeding ₹10 crore.
• Net worth remains below the ₹25 crore threshold as of March 31, 2026.
• Exemption covers multiple regulations including 17 to 27, relating to board composition and committee meetings.
• TTM revenue stands at a minimal ₹1 crore against a market capitalization of ₹60 crore.