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Restaurants
Management Change28 Apr 2026, 02:05 pm

Sapphire Foods: CTO Resigns; CEO & 3 Independent Directors Re-appointed

AI Summary

Sapphire Foods India Ltd's Board approved the audited financial results for Q4 and FY ended March 31, 2026. The company also announced significant management changes, including the resignation of Mr. Amar Patel, Executive Vice President and Chief Technology Officer. Furthermore, the Board recommended the re-appointment of Mr. Sanjay Purohit as Whole Time Director & Group CEO for a five-year term, effective July 23, 2026. Mr. Sunil Chandiramani, Ms. Deepa Wadhwa, and Ms. Anu Aggarwal were re-appointed as Independent Directors for a second term. The continuation of Mr. Sumeet Narang as Non-Executive Nominee Director was also noted. All re-appointments are subject to shareholder approval at the upcoming 17th Annual General Meeting.

Key Highlights

  • Board approved Q4 and FY26 audited financial results.
  • CTO Amar Patel resigned from Sapphire Foods.
  • Sanjay Purohit re-appointed as Whole Time Director & Group CEO.
  • Three Independent Directors re-appointed for second term.
  • All re-appointments are subject to shareholder approval.