Key Decisions Approved

1. Alteration of Memorandum of Association Object Clause

The Board approved alteration of the object clause of the Memorandum of Association, subject to shareholder approval at the Annual General Meeting. The expansion includes adding six new main object clauses:

  • Clause 8: Business of manufacturing, trading, and dealing in electrical and electronic goods, consumer electronics, industrial electronics, appliances, computer hardware, communication devices, networking products, telecommunications equipment, home appliances, LED lighting, batteries, IoT products, security systems, automation equipment, renewable energy accessories, and EV charging equipment.
  • Clause 9: Establishing, acquiring, and dealing in franchise, dealership, distributorship, and agency businesses for food and beverage products, FMCG, retail stores, consumer goods, electronics, healthcare, education, hospitality, logistics, e-commerce, IT services, financial services (except banking), and real estate support services.
  • Clause 10: Manufacturing, trading, and dealing in all kinds of beverages including packaged drinking water, mineral water, flavored water, carbonated beverages, fruit juices, health drinks, energy drinks, soft drinks, dairy beverages, tea, coffee, herbal beverages, and alcoholic beverages (subject to applicable laws).
  • Clause 11: Undertaking contract manufacturing, third-party manufacturing, processing, blending, packaging, and job work for food products, beverages, agricultural products, FMCG, consumer goods, electronics, and renewable energy products.
  • Clause 12: Acquiring, constructing, leasing, and commercially exploiting movable and immovable properties including factories, warehouses, commercial buildings, and earning rental income.

2. Annual General Meeting Date

Confirmed and fixed the date of the 43rd Annual General Meeting to be convened on September 26, 2026. Further details will be provided in the AGM notice.

3. Re-appointment of Managing Director

Re-appointed Mr. Umesh Kumar Agarwal (DIN: 00210217) as Managing Director for a period of 5 years with effect from August 25, 2025 till August 24, 2030, on the recommendation of the Nomination and Remuneration Committee, subject to shareholder approval.

Management Profile Details

Mr. Umesh Kumar Agarwal holds a Master of Science in Marketing from the University of Glamorgan, United Kingdom. He has substantial experience in sustainable positioning of the company's biscuit brand "HAPPY BITE" across West Bengal, offering varieties including Marie Biscuits, Glucose, Crackers, and cream varieties. He also oversees production, sales, marketing, and distribution of "HAPPY HEART" premium edible oils and "MAX HEALTH" brand food products targeting the Bengali community. He is responsible for the company's expansion and modernization plans.

Regulatory Compliance Note

The company submitted a separate communication dated July 06, 2026 explaining a delay in intimation of the MD reappointment due to "inadvertent administrative oversight." The company has strengthened internal compliance mechanisms to ensure future timely compliance with SEBI LODR Regulations.

Meeting Details

The Board meeting commenced at 2:00 PM and concluded at 2:30 PM on August 17, 2026.

Financial Impact

Financial impact not quantified in the disclosure. All approvals subject to shareholder consent at the upcoming AGM.