Key Event Details

Withdrawal of AGM Resolution

  • The Board of Directors at its meeting held on 14th August 2026 decided to withdraw Item No. 15 - "Approval for Transfer of Car to Mr. M P Jackson, Director" from the business to be transacted at the 62nd AGM.
  • The withdrawn item related to the proposal for transfer of the Company's Toyota Innova Hycross, bearing Registration No. KL 45 Y 5225, to Mr. M.P. Jackson, Director, as a one-time retirement benefit.
  • Consequently, the existing Item No. 16 has been renumbered as Item No. 15, reducing the total number of business items from 16 to 15.

AGM Details

  • The 62nd Annual General Meeting is scheduled for Saturday, 29th August 2026 at 3:00 p.m. IST
  • Venue: Registered Office of the Company at AGM Hall, 2nd Floor, Solvent Road, Irinjalakuda - 680121
  • Register of Members and Share Transfer Books will remain closed from 23rd August 2026 to 29th August 2026 (both days inclusive)
  • Cut-off date for determining members entitled to vote: 21st August 2026

Remote E-Voting Details

  • Remote e-voting period: 26th August 2026 (9:00 a.m. IST) to 28th August 2026 (5:00 p.m. IST)
  • E-voting facility will not be available for the withdrawn Item No. 15
  • Scrutinizer: CS Nikhil George Pinto (Membership No. FCS 11074) or CS Tracy Caesar (Membership No. FCS 13379) of M/s. CaesarPintoJohn & Associates LLP

Business Items for AGM Consideration

Ordinary Business

1. Adoption of Financial Statements for the year ended 31st March 2026

2. Declaration of Final Dividend of ₹7.50 per equity share for FY 2025-26, aggregating to ₹12.50 per share including interim dividend of ₹5.00 declared on 14th February 2026

3. Reappointment of Mr. Kollara Chathunny Pyarelal (DIN: 00923913) as Director retiring by rotation

4. Reappointment of Ms. Danesa Raghulal Thandassery (DIN: 07975553) as Director retiring by rotation

5. Non-reappointment of Mr. M.P. Jackson (DIN: 01889504) who does not seek re-election

Special Business

6. Appointment of Mr. Dony Akkarakaran George (DIN: 09211623) as Managing Director for 3 years (1st June 2026 to 31st May 2029) with remuneration including:

  • Basic Pay: ₹3,60,000 per month in scale of ₹3,60,000 - ₹15,000 - ₹4,60,000
  • Performance-linked remuneration up to 25% of CTC based on profit achievement
  • Various perquisites and allowances

7. Reappointment of Mr. Paul Francis (DIN: 00382797) as Executive Director for 3 years (1st October 2026 to 30th September 2029) with remuneration including:

  • Basic Pay: ₹2,95,000 per month in scale of ₹2,95,000 - ₹15,000 - ₹3,40,000
  • Similar performance-linked structure as Managing Director

8. Appointment of Mr. Mampilly Paul Giji (DIN: 01688499) as Non-Executive, Non-Independent Director

9. Appointment of Mrs. Suja Davis (DIN: 11213213) as Non-Executive, Non-Independent Director

10. Adoption of New Articles of Association aligned with Companies Act, 2013

11. Increase in Authorised Share Capital from ₹10 crores to ₹20 crores by creating additional 10 crore equity shares of ₹1 each

12. Regularization of Historical Issued but Unsubscribed Share Capital by canceling 28,200 equity shares of ₹1 each remaining from 1987 Rights Issue

13. Approval for acceptance of Deposits from public/members within statutory limits

14. Approval of remuneration to Cost Auditor M/s. BBS & Associates: ₹2,25,000 plus GST and expenses

15. Payment of Remuneration to Non-Executive Directors by way of commission not exceeding 1% of net profits

Financial Information

  • Revenue from Operations: ₹1,680.48 crore (as mentioned in Mr. George's appointment details)
  • Net Profit: ₹84.75 crore (as mentioned in Mr. George's appointment details)
  • EPS: ₹26.26 (as mentioned in Mr. George's appointment details)
  • Total dividend for FY 2025-26: ₹12.50 per share (₹5.00 interim + ₹7.50 final)
  • Aggregate dividend amount: ₹40 crores

Dividend Information

  • Final dividend: ₹7.50 per equity share of ₹1 each
  • Record date: 21st August 2026
  • Tax deduction will apply as per Income-tax Act, 2025
  • Resident individual shareholders can submit Form No. 121 for non-deduction benefit if conditions met
  • No tax deduction if aggregate dividend does not exceed ₹10,000 during Tax Year 2026-27

Director Profiles

  • Mr. Dony Akkarakaran George: Law graduate with Physics background, 30+ years experience in agri-business, commodities, and FMCG sectors
  • Mr. Paul Francis: HSE qualified, associated with promoter group, extensive experience in edible oil industry
  • Mr. Mampilly Paul Giji: PDC qualified, seasoned entrepreneur with 40+ years experience in agri-business and manufacturing
  • Mrs. Suja Davis: B.A. Economics, experience in business administration and property management

Capital Structure Impact

  • Authorized share capital increase from ₹10 crores to ₹20 crores if approved
  • Cancellation of 28,200 unsubscribed shares from 1987 Rights Issue
  • No immediate dilution as this is authorization for future issuance

Governance Aspects

  • Adoption of new Articles of Association compliant with Companies Act, 2013
  • Payment of commission to Non-Executive Directors within statutory limits
  • Comprehensive director appointment process with NRC recommendations

Additional Information

  • The company operates in compound cattle feed manufacture, solvent extraction of oil from copra cake, refining edible coconut oil, and dairy operations including ice cream production
  • Incorporated on 25th September 1963, commenced commercial production in April 1972
  • No foreign collaborations mentioned