Re-appointment of Mr. Pradeep Narendra Poddar as an Independent Director and ; Appointment of Mr. Paresh Nath Sharma as an Additional Director (Independent) of the Company
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Flex Foods Ltd reported audited financial results for FY 2026 showing a net loss of Rs. 3,179 Lacs (vs Rs. 3,250 Lacs loss in FY 2025), with revenue from operations at Rs. 19,005 Lacs. The company has negative other equity of Rs. 323 Lacs and total borrowings increased to Rs. 30,665 Lacs. The Board approved re-appointment of Mr. Pradeep Narendra Poddar as Independent Director for a second 5-year term (July 2026 to July 2031) and appointment of Mr. Paresh Nath Sharma as Additional Independent Director for 3 years (May 2026 to May 2029), both subject to shareholder approval at the 36th AGM on July 16, 2026.
The company continues to incur losses with negative equity, indicating financial stress. The appointment of two Independent Directors may provide additional governance oversight but does not address the fundamental financial challenges facing the company.