Krishival Foods Limited has informed the Exchange regarding Notice of Postal Ballot
KRISHIVAL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Krishival Foods Limited is seeking shareholder approval through a Postal Ballot (e-voting only) for two special resolutions. The first resolution seeks approval for material related party transactions totaling up to Rs. 62.5 Crores with four entities, including a Rs. 6 Crore property purchase from Siddhivinayak Cashews Industries (subsidiary), a Rs. 5 Crore corporate guarantee, and convertible loans of Rs. 20 Crore (new) and Rs. 25 Crore (existing) to Melt 'N' Mellow Foods (subsidiary). The second resolution proposes a new convertible loan of up to Rs. 20 Crore to Melt 'N' Mellow Foods and conversion of the previously approved Rs. 25 Crore loan into equity shares of the subsidiary at 10% per annum interest. E-voting runs from March 15, 2026 (10:00 AM) to April 13, 2026 (5:00 PM), with the cut-off date of March 6, 2026, and results to be declared by April 14, 2026. Promoters and directors Aparna Bangar (MD), Nana Mhaske (CEO), and Sujit Bangar (Chairperson) are interested parties in these transactions and are not eligible to vote.
This is a governance step but signals significant intra-group fund flows and a potential capital restructuring at the subsidiary level, which may eventually affect consolidated financials. Retail shareholders should note that promoters and KMPs cannot vote on these resolutions, so outcomes will depend on institutional and public shareholder sentiment toward the related-party dealings and loan-to-equity conversion terms.