Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are submitting herewith the notice of the 28th Annual General Meeting of the ....
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Chatha Foods Limited has called its 28th Annual General Meeting for Saturday, August 30, 2025 at 12:00 PM, to be held via video conferencing. The ordinary business includes adopting the audited financial statements for FY 2024-25 and re-appointing Mr. Gurpreet Chatha (DIN: 01389143), who retires by rotation. A special business item seeks shareholder approval for material related party transactions with its newly incorporated subsidiary, Allana CF Foods Private Limited, capped at Rs. 40 crore. This transaction value represents 25.27% of Chatha Foods' standalone turnover of Rs. 158.31 crore for FY 2024-25. The proposal includes a corporate guarantee to help the subsidiary secure credit facilities for operational and growth needs.
The AGM is largely procedural, but the Rs. 40 crore related party transaction with the new subsidiary (incorporated April 8, 2025) is the key item requiring shareholder approval. Extending a corporate guarantee to the subsidiary could strengthen consolidated growth but also increases Chatha Foods' contingent liabilities. Retail investors should review whether the transaction terms with the subsidiary are fair and arm's-length before voting.