Meeting Details
This is a postal ballot process conducted via electronic means only, not a physical meeting. The e-voting period commences on Thursday, 04 June 2026, at 9:00 a.m. (IST) and ends on Friday, 03 July 2026, at 5:00 p.m. (IST). The cut-off date for determining shareholder eligibility is Friday, 29 May 2026.
Proposed Resolutions and Implications
Resolution 1: Material RPT with Preferred Brands International Inc.
Ordinary resolution to approve material related party transactions for FY 2026-27 involving sale of goods and services with an aggregate value not exceeding INR 3000 million.
Resolution 2: Material RPT with Mars Food UK Limited
Ordinary resolution to approve material related party transactions for FY 2026-27 involving sale of goods and services with an aggregate value not exceeding INR 2000 million.
Resolution 3: Material RPT with Mars Food US LLC
Ordinary resolution to approve material related party transactions for FY 2026-27 involving sale of goods and services with an aggregate value not exceeding INR 3000 million.
Resolution 4: Post Facto Approval for Mars Food UK Limited RPT
Ordinary resolution to ratify material related party transactions undertaken during FY 2025-26 that exceeded approved limits. The aggregate value was INR 648.88 million, exceeding the materiality threshold of INR 554.41 million, due to unexpected demand for recently innovated product range.
Resolution 5: Revision of Director Remuneration
Special resolution to approve revision in remuneration/commission of Mr. Rahul Bhatnagar (DIN: 07268064) as Non-executive, Independent Director from INR 10 lakh to INR 20 lakh per annum, effective from 01 June 2026.
Voting Process and Methods
The company is using remote e-voting only, managed by KFin Technologies Limited. Physical postal ballot forms are not being sent. Members whose email IDs are registered with the company/depositories will receive voting instructions electronically. Members holding physical shares without registered email must update their details with the company.
Key Voting Information
Voting rights are proportional to shares held as of 29 May 2026. The scrutinizer will submit a report to the Chairman (or authorized Company Secretary) after completion of scrutiny. Results will be announced on or before 05 July 2026 and will be uploaded on the company website (www.tastybite.co.in) and KFin website (https://evoting.kfintech.com).
Scrutinizer's Role
The scrutinizer (contact: vineet.pareek@pvrcs.com) will review the voting process and submit a report. Corporate shareholders must email scanned copies of board resolutions/authority letters to the scrutinizer with a copy to evoting@kfintech.com.
Additional Financial Information
The explanatory statement includes company financial performance: FY 2025-26 revenue of INR 5486.55 million, profit before tax of INR 475.49 million, profit after tax of INR 353.02 million. FY 2024-25 revenue was INR 5544.05 million, profit before tax INR 343.95 million, profit after tax INR 256.08 million. The company operates in prepared foods including Ready to Eat, Formed Frozen Products and specialty sauces.