Cropster Agro Limited (formerly known as Planters Polysacks Limited) has officially informed the Bombay Stock Exchange (BSE) on July 3, 2025, about the revised outcome of its Board Meeting held on July 2, 2025. In accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company announced two key resignations — the Company Secretary and a Non-Executive Independent Director.

The meeting, held at the registered office in Ahmedabad, Gujarat, commenced at 4:30 p.m. and concluded by 4:45 p.m. The updates were communicated by Mr. Jignesh Kumar Patel, Managing Director of the company.

1. Resignation of Company Secretary & Compliance Officer – Ms. Reetu Bansal

The Board of Directors of Cropster Agro Limited took on record the resignation of Ms. Reetu Bansal, who was serving as the Company Secretary & Compliance Officer.

As per the disclosure in Annexure I, the details are as follows:

• Name: Ms. Reetu Bansal

• Reason for Resignation: Personal reasons

• Effective Date of Cessation: July 2, 2025

• Membership Number: ACS-55549

• Term of Appointment: Not applicable as it was a resignation

• Brief Profile: Not required as it was not an appointment

In her resignation letter dated 02/07/2025, Ms. Bansal formally expressed her intent to step down and requested the Board to submit the necessary filings with the Registrar of Companies to process her cessation officially.

2. Resignation of Independent Director – Mr. Divyesh Kishor Bhanushali

In Annexure II, Mr. Divyesh Kishor Bhanushali (DIN: 10860757), resigned from his role as a Non-Executive Independent Director of the company.

Key details from the disclosure:

• Reason for Resignation: Unable to devote sufficient time due to personal reasons and other professional commitments

• Effective Date of Resignation: July 2, 2025

• Term of Appointment: Resigned before completion

• Brief Profile: Not applicable since no appointment

• Shareholding in Company: Nil

• SEBI Debarment Status: Not debarred

• Other Directorships in Listed Entities: None reported

In his resignation letter addressed to the Board, Mr. Bhanushali thanked the company for the opportunity and clarified that there were no material reasons behind his resignation, apart from what was already mentioned.

Corporate Governance and Regulatory Compliance

The company emphasized that this communication is made under Schedule III Part A Para A (7) of the Listing Regulations, and in compliance with SEBI Circular CIR/CFD/CMD/4/2015 dated September 9, 2015. The resignations were disclosed promptly as per regulatory timelines and the Board ensured that all statutory formalities, including MCA filings, would be carried out without delay.

Background of Cropster Agro Limited

Cropster Agro Limited, a listed entity on BSE under Scrip Code: 523105 and Scrip ID: CROPSTER, operates out of its registered office in Ahmedabad, Gujarat. The company was previously recognized as Planters Polysacks Limited and has since rebranded itself as part of a strategic transition. Its operations are aligned with the agro-based and packaging sectors.

The company’s corporate identity number is L46209GJ1985PLC147523, and it maintains communication with stakeholders via the email: planters1111@gmail.com and website: www.planterspolysacks.com.

Conclusion

The resignations of Ms. Reetu Bansal and Mr. Divyesh Kishor Bhanushali mark significant board-level changes in Cropster Agro Limited. The company has confirmed that there are no other material reasons for their exit, apart from personal and professional limitations. Cropster Agro remains committed to regulatory transparency, as evidenced by the timely disclosures made to BSE under SEBI LODR guidelines.

The company is expected to initiate the process of appointing replacements in due course and maintain continuity in compliance and governance operations. Market participants, investors, and stakeholders are advised to take note of these developments and watch for further announcements from the company regarding board restructuring.

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