Government approval sought for chairman and managing director's continuation
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.4 pts less than Nifty Microcap 250 and 0.5 pts less than its Dairy Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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On 23 October 2026, the company published a notice seeking Central Government approval for R. Rajasekaran to continue as chairman and managing director after reaching age 70. His term ends on 28 December 2028. The 30 September 2026 shareholder resolution received more votes for than against but did not reach the required special-resolution threshold, prompting the government application. Revised pay was also proposed.
Approval could preserve leadership continuity through 2028, but remains uncertain. No immediate change to operations, earnings or dividends was announced.