Dear Sir, We are enclosing herewith a copy of the outcome containing the details of the re-appointment of directors.
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The board of Aveer Foods met on 27th May 2025 and approved the audited financial results for Q4 and FY ending 31st March 2025, with the auditor issuing an unmodified (clean) report. The board recommended a final dividend of Rs. 0.25 (2.5%) per equity share of Rs. 10 face value for FY2024-25, subject to shareholder approval at the upcoming AGM. Three directors were re-appointed: Mr. Vishal Chordia and Mr. Anand Chordia as Managing Directors for a 5-year term effective 15th July 2025, and Mr. Bapu Gavhane as Whole-time Director until 30th October 2026. The Chordia brothers are sons of Chairman Rajkumar Chordia, indicating continued promoter family control. M/s Satish & Satish Company Secretaries was appointed as the new secretarial auditor.
Shareholders see leadership continuity with the promoter family firmly at the helm and a clean audit report, which are positive governance signals. However, the modest 2.5% dividend suggests conservative cash returns, and re-appointments are largely procedural — unlikely to move the stock significantly on their own.