NOTICE IS HEREBY GIVEN THAT EGM OF THE COMPANY WILL BE HELD ON 26.12.2025 AT 11.00 am to Consider the removal of Director Sulekh Kumar Aggarwal.
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KMG Milk Food Limited has called an Extraordinary General Meeting (EGM) to seek shareholder approval for the removal of Mr. Sulekh Kumar Aggarwal (DIN: 01593131), a Non-Executive Non-Independent Director, from the Board. The Board approved this proposal at its meeting held on 28 November 2025, and members will vote on an Ordinary Resolution under Section 169 of the Companies Act, 2013. The EGM is scheduled for 26 December 2025 at 11:00 a.m. at the registered office in Kurukshetra, Haryana, with e-voting available from 19 to 25 December 2025. The notice has been signed by Basudev Garg, Whole-Time Director (DIN: 00282038). No specific reason for the removal has been disclosed in the explanatory statement, and the resolution states that no other director or KMP is concerned or interested in the matter.
This signals a change in board composition and may reflect internal disagreements or governance concerns, though no specific reason has been disclosed. For shareholders, the outcome will reduce the board by one director; the stock impact is likely limited unless further disclosures about the reasons emerge.