Board Meeting Details

The Board Meeting was held on Friday, 14th August 2026, commencing at 03:45 PM and concluding at 04:30 PM.

Approved Items

1. Financial Results Approval: The Board approved the Un-Audited Standalone Financial Results of the Company for the quarter ended 30th June 2026. The financial results were reviewed by the Audit Committee and come with a Limited Review Report issued by the statutory auditors M/s. Sundaram & Srinivasan, Chartered Accountants, who expressed an unmodified opinion.

2. Director Re-appointment: Based on the recommendation of the Nomination and Remuneration Committee, the Board approved the re-appointment of Mrs. Thangavelu Dhana Lakshmi (DIN: 09291452) as Director (Non-Executive, Independent) effective from 24th August 2026 for a period of one year, subject to shareholder approval. Her second term will run from 24th August 2026 to 23rd August 2027. She is not related to any existing directors and brings experience in business management, operations administration, and strategic decision-making.

Subsequent Events Disclosure (Post Quarter-End)

Note 4: On 20th July 2026, the Company allotted 4,21,97,154 equity shares of face value ₹10 each at par on a preferential basis to allottees including Prasanna Natarajan and others (who constitute a group acting in concert).

  • Capital Structure Impact: Paid-up equity share capital increased from ₹7,00,00,000 (70,00,000 equity shares of ₹10 each) as at 30th June 2026 to ₹58,16,22,040 (5,81,62,204 equity shares of ₹10 each)
  • Ownership Change: The allottees collectively hold 4,21,97,155 equity shares, representing 72.55% of the post-allotment paid-up/voting and diluted share capital
  • Financial Impact: This is a non-adjusting subsequent event per Ind AS 10. The Q1 FY27 financial results and EPS calculations remain based on the pre-allotment share capital of 70,00,000 equity shares
  • Regulatory Compliance: Intimation filed with BSE Limited under Regulation 29(1) of SEBI Takeover Regulations

Note 5: On 20th July 2026, the Board approved allotment of 5,11,62,204 equity shares of ₹10 each at par (aggregating ₹51,16,22,040) on a preferential basis for consideration other than cash (share swap) to shareholders of Funk Foods Private Limited (FFPL).

  • Transaction Purpose: Acquisition of 100% equity share capital of FFPL (33,67,042 equity shares of ₹100 each)
  • Business Alignment: FFPL is engaged in development, manufacturing and export of freeze-dried, clean-label food products, same line of business as the Company
  • Approvals: Transaction approved by shareholders through postal ballot and received in-principle approval from BSE Limited
  • Accounting Treatment: Classified as non-adjusting subsequent event under Ind AS 10 as it occurred after the balance sheet date

Operational Context

Note 3: During the previous year, the Company undertook trading activities with low profit margins as part of strategic business development initiatives to explore market opportunities. These activities were wound down following the execution of a Share Purchase Agreement dated 13th February 2026 and identification of alternate growth opportunities including proposed acquisition/takeover by new investors. The future course of company's activity will depend on the business strategy of the new management.

Auditor Emphasis

The auditors drew attention to Note 3 regarding the winding down of trading activities, but their opinion was not modified in respect of this matter.