Span Divergent Limited 46th Annual General Meeting Update

Span Divergent Limited has scheduled its 46th AGM for September 28, 2026, with a record date for voting eligibility set for September 21, 2026.

Reader Takeaway: Shareholders will weigh in on director tenure and set fiscal boundaries for material related party transactions.

What just happened

Span Divergent will conduct its AGM virtually via Video Conferencing (VC) and Other Audio-Visual Means (OAVM). The meeting will address the adoption of audited financial statements for the fiscal year ending March 31, 2026, and the reappointment of Mr. Sanjay Mehta, who retires by rotation.

Why this matters

The agenda includes a significant Special Resolution concerning the continuation of Mr. Sanjay Mehta’s directorship. As Mr. Mehta turned 75 in 2024, the company seeks shareholder approval for his continued service as a Non-Executive Non-Independent Director.

Key Agenda Items

Beyond standard financial adoption, the company is seeking approval for material related party transactions (RPTs). The proposed maximum annual values include:

• Dryfruit Factory LLP: Rs 75 crore
• Aranya Consulting and Biotech LLP, Span Diagnostics LLP, Biospan Scientific LLP, and Biospan Contamination Control Solutions Pvt Ltd: Rs 5 crore each
• Key Managerial Personnel (Mr. Viral P Desai, Dr. Pradip K Desai, and Mrs. Sujata Desai): Rs 5 crore each

Voting and Timeline

• E-voting: Opens September 25, 2026, at 9:00 A.M. and closes September 27, 2026, at 5:00 P.M.
• Book Closure: September 22 to September 28, 2026 (inclusive).
• Scrutinizer: Mr. Mitesh Rana has been appointed to oversee the integrity of the voting process.