ADF Foods Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 12, 2025
ADFFOODS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
ADF Foods has notified the stock exchanges about its 35th Annual General Meeting scheduled for Tuesday, August 12, 2025, at 4:00 PM, to be held entirely through video conferencing. The Board has proposed a final dividend of Rs. 0.60 per equity share (on face value of Rs. 2) for FY 2024-25, with a record date of August 6, 2025 for eligibility. The e-voting window runs from August 8 to August 11, 2025. Ordinary business includes adoption of audited standalone and consolidated financial statements for FY25, declaration of the final dividend, and re-appointment of Mr. Jay Mehta who retires by rotation. Special business includes the appointment of M/s. Dedhia Shah & Partners LLP as Secretarial Auditors for a first term of 5 years (FY 2025-26 to 2029-30), and the re-appointment of Mr. Sumer B. Thakkar — a relative of Director Mr. Bimal R. Thakkar — as Vice President – Sales & Strategy for 3 years from October 1, 2025, with a fixed pay of Rs. 44 lakhs per annum plus 1% commission on net sales of businesses he is responsible for.
This is a routine regulatory AGM notice with standard agenda items. Shareholders should note the modest final dividend of Rs. 0.60 per share (30% on face value), and may want to review the related-party re-appointment of Mr. Sumer B. Thakkar with its performance-linked commission, which requires shareholder approval. No major governance red flags, but the outcome of the vote on the related-party resolution is worth watching.