REVISION OF OUTCOME OF MEETING HELD ON 28TH NOV 2025
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
On 28 November 2025, the board of KMG Milk Food approved the removal of Mr. Sulekh Kumar Aggarwal (Non-Executive Non-Independent Director, DIN 01593131) and Mr. Santosh Kumar Rai (Company Secretary & Compliance Officer). The board cited serious concerns including negligence in discharging duties, failure to perform assigned responsibilities, and persistent non-compliance with board directions. The Company Secretary's removal is effective immediately, while the director's removal requires shareholder approval. An Extraordinary General Meeting has been scheduled for 26 December 2025 to seek that shareholder consent, with e-voting open from 23–25 December 2025. The director had only been on the board since April 2025, and the CS since June 2025.
This signals internal governance turbulence at a small-cap dairy/food company. Shareholders will vote on the director's removal at the EGM, and the immediate loss of the Compliance Officer could affect timely regulatory filings in the short term. Investors should watch the EGM outcome and any follow-up appointments.