Sapphire Foods India Limited – Board Composition Change (NSE: SAPPHIRE, BSE: 543397)

Introduction

On 19 June 2026, Sapphire Foods India Limited filed a statutory notice with the National Stock Exchange of India (NSE) and BSE, disclosing a change in its Board of Directors in accordance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015.

Key Highlights

Resignation

• Director: Mr. Vinod Nambiar (DIN: 07290613)
• Position: Non‑Executive Nominee Director representing the promoter, Sapphire Foods Mauritius Limited (SFML)
• Effective date of cessation: 19 June 2026
• Reason: Voluntary resignation (as stated in the resignation letter attached as Annexure B).

Appointment

• New Director: Mr. Vikram Agarwal (DIN: 03038370)
• Position: Additional Director – Non‑Executive Nominee Director for SFML
• Effective date of appointment: 19 June 2026 (subject to shareholder approval)
• Term: Will retire by rotation as per statutory requirements.

Brief Profile of Mr. Vikram Agarwal

• Chartered Accountant (Institute of Chartered Accountants of India)
• Commerce graduate, Shri Ram College of Commerce, Delhi
• Experience: > 18 years in private equity; currently Managing Director & CFO, Samara India Advisors Pvt Ltd.
• Prior roles include 7 years in tax & regulatory practice at PwC Delhi.
• Relationship disclosure: No familial or other relationship with existing directors.
• Compliance status: Not debarred under any SEBI order or other authority.

Regulatory Compliance

• The change has been reported under Regulation 30 of the SEBI LODR Regulations, 2015.
• Details conform to SEBI Circular No. SEBI/HO/CFD/CFD‑PoD1/P/CIR/2023/123 (dated 13 July 2023).
• The Board’s Nomination and Remuneration Committee recommended the appointment, and the company has submitted the required annexures (A & B) to the exchanges.

Conclusion

The Board of Sapphire Foods India Limited now comprises Mr. Vikram Agarwal as the newly appointed Non‑Executive Nominee Director, replacing Mr. Vinod Nambiar. The change has been duly communicated to NSE and BSE, complying with all applicable SEBI listing regulations. Investors should note the update in board composition but no immediate financial impact is indicated in this filing.