Meeting Details
- Meeting Date: Thursday, 13 August 2026 at 11:00 AM IST
- Meeting Type: 42nd Annual General Meeting conducted through Video Conference/Other Audio Visual Means
- Location: Deemed to be conducted at Registered Office: 2nd Floor, 201/202 Mayfair Tower, Tasty Bite Eatables Ltd, Pune Mumbai Road, Wakdewadi Pune, Maharashtra, 411005
Proposed Resolutions and Implications
Ordinary Business:
1. To receive, consider and adopt the audited financial statements for year ended 31 March 2026 and reports of Board of Directors and Auditors
2. To declare dividend of INR 10 per equity share on 2,566,000 equity shares of INR 10 each for financial year 2025-26
3. To appoint director in place of Mr. Matthew James Page (DIN: 10788632) who retires by rotation and offers himself for re-appointment
Special Business:
4. Amendment of Articles of Association: To amend Article 121 to align with Companies Act, 2013 provisions regarding retirement of Managing Director, Whole-time Director or Executive Director by rotation
5. Reclassification of Director: To reclassify Mr. Shashank Shekhar (DIN: 10942818) from Whole-Time Director not liable to retire by rotation to liable to retire by rotation
6. Material Related Party Transaction with Preferred Brands International, Inc.: Approval for transactions up to INR 1000 million for FY2027-28 involving sale of goods, sale of services, and expense reimbursements
7. Material Related Party Transaction with Mars Food UK Limited: Approval for transactions up to INR 2500 million for FY2027-28 involving sale of goods, sale of services, and expense reimbursements
8. Material Related Party Transaction with Mars Food US LLC: Approval for transactions up to INR 5000 million for FY2027-28 involving sale of goods, sale of services, and expense reimbursements
Voting Process and Methods
- Remote e-voting period: Monday, 10th August 2026 (09:00 AM IST) to Wednesday, 12th August 2026 (05:00 PM IST)
- Voting service provider: KFin Technologies Limited
- Scrutinizer: PAREEK V. R. & ASSOCIATES, Practicing Company Secretaries, Pune
- Voting methods: Remote e-voting and e-voting during AGM through VC/OAVM platform
- Cut-off date: Thursday, 06 August 2026 for determining voting rights
- Individual demat account holders: Can vote through depository websites without additional registration
Dividend Information
- Record Date: Thursday, 06 August 2026
- Payment Date: On or before 11 September 2026
- Dividend Rate: INR 10 per equity share
- TDS Requirements:
- Resident members: 10% TDS (20% if PAN not registered)
- Non-resident members: 20% TDS plus applicable surcharge and cess
- No TDS if aggregate dividend does not exceed INR 10,000 for individual members
Compliance with Laws and Regulations
The notice confirms compliance with:
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Companies Act, 2013 and rules thereunder
- MCA Circular No. 3/2025 dated September 22, 2025 for conducting AGM through VC/OAVM
- Secretarial Standard-2 on General Meetings
- Income Tax Act, 1961 provisions for dividend distribution
Additional Information
- The Integrated Annual Report for 2025-26 is available on company website and stock exchange websites
- Physical attendance dispensed with due to VC/OAVM meeting
- No proxies accepted for this meeting
- Members can join meeting through https://emeetings.kfintech.com/
- Results will be announced post-meeting and placed on company website
- The Auditors have issued audit report with modified opinion
- Institutional investors must submit authorization documents to scrutinizer
- Dividend payments will be made only in electronic mode as per SEBI requirements