Board Meeting Details
The Board Meeting commenced at 11:30 A.M. and concluded at 02:00 P.M. on September 08, 2026.
Key Decisions and Approvals
a. Annual General Meeting (AGM) Arrangements
- The Board approved the Notice of the 16th Annual General Meeting (AGM) of shareholders.
- The AGM is scheduled for Wednesday, 30th September, 2026 at 3:30 PM (IST) to be conducted through Video Conferencing (VC) / Other Audio-Visual Means (OAVM).
- Book closure period: Thursday, 24th September, 2026 to Wednesday, 30th September, 2026 (both days inclusive).
- Cut-off date for determining eligibility to vote by electronic means: Wednesday, 23rd September, 2026.
- Remote e-voting period: Begins Sunday, 27th September 2026 at 9:00 A.M. and ends Tuesday, 29th September 2026 at 5:00 P.M.
b. Related Party Transaction Proposal
- The Board recommended a special resolution for shareholder approval of material related party transaction(s) up to ₹60 crores between the Company and A R Dairy Food Private Limited (a Group Company).
- The proposed transactions would be valid from the conclusion of the 16th AGM until the conclusion of the 17th AGM.
c. Management Appointments and Changes
- Revision of Remuneration: On the recommendation of the Nomination and Remuneration Committee, the Board approved revision in remuneration payable to Mr. R Rajasekaran (DIN: 01789110), Chairman & Managing Director, and continuation of his directorship after attaining 70 years of age.
- Appointment of Additional Director: The Board approved the appointment of Dr. Karthik Neelakandan as Additional Director (Non-Executive Non-Independent Director) effective September 08, 2026. Dr. Neelakandan holds M.S. Ortho, M.Ch Ortho (UK), FIAA (Australia), FIJR and PGDHM qualifications with over 23 years of experience in healthcare sector across India, Australia and UK. He is not related to any existing directors.
- Appointment of CEO: The Board approved the appointment of Mr. Ravi Chandran Ranganthan as Chief Executive Officer (CEO) effective October 01, 2026. Mr. Ranganthan holds a B.E. in Computer Science and Engineering (2004) with 15 years of experience in dairy manufacturing operations, engineering, and business management. He is the son-in-law of Mr. R Rajasekaran (Chairman & MD) and husband of Mrs. R Rajadharshini (Director).
- Director Disqualification: Mr. Ravi Rajappan (DIN: 01969263), Non-Executive Director, was disqualified by virtue of Section 164(2)(a) of the Companies Act, 2013 effective September 08, 2026.
d. Statutory Auditor Reappointment
- The Board approved the reappointment of M/s VSSR & Co, Chartered Accountants (FRN 016495S) as Statutory Auditors for a five-year period from the conclusion of the 16th AGM until the 21st AGM in 2031, subject to shareholder approval.
- The firm is headquartered in Coimbatore with branches in multiple cities, established in 2016 with partners CA Venkatesh S, CA Surender Kumar S, and CA Ranjith R (each with 10+ years experience).
- The firm employs 3 qualified Chartered Accountants, 27 semi-qualified professionals, and 15 other assistants, with experience across manufacturing, FMCG, IT, real estate, and banking sectors.
Financial Impact
The related party transaction proposal involves potential transactions up to ₹60 crores. Other appointments and changes have no immediate quantified financial impact disclosed.