With reference to the above, we enclose a Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 along with Annexure for your records. Please ....
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Mr. Sharath Jagannathan, who was already the Managing Director and a promoter of the company, has been elected by the Board as Chairman with effect from May 29, 2025. He will now hold the combined designation of Chairman and Managing Director for the remaining period of his current tenure, with all other terms of his appointment (originally approved by members via special resolution in June 2023) remaining unchanged. He holds a B.Sc. in Business Administration from Bryant University, USA, and has over 9 years of experience in the food industry and marketing. The filing also notes that the original intimation on May 29 was submitted in XBRL format but the PDF version was inadvertently omitted, and the company is submitting it now (June 6, 2025) to complete the record.
For shareholders, this is an internal restructuring rather than a new appointment — the same person is taking on an additional title. Consolidating Chairman and Managing Director roles under one promoter can be a mild governance concern for some investors since it reduces board independence, though it is common in promoter-driven small-cap companies. The delayed PDF disclosure is a minor compliance lapse but not material.