Krishival Foods Limited has informed the Exchange regarding Board meeting held on July 11, 2025.1. Cessation of Ms. Aparna Morale Bangar (DIN: 05332039) as the Chairperson of the Company w.e.f July 11, 2025. However, she shall continue to serve as the Managing Director of the Company. 2. Appointment of Mr. Sujit Sudhakar Bangar (DIN: 07871115) as the new Chairperson and Whole-Time Director of the Company w.e.f July 12, 2025, subject to the approval of the Members of the Company for his appointment and remuneration.3. Appointment of Mr. Hrushikesh Bahekar as a Non-Executive Independent Director of the Company has been postponed to July 15, 2025, due to a technical issue on the MCA portal. A copy of the Screenshot of MCA Portal is attached herewith for reference.
KRISHIVAL · price
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Krishival Foods held a board meeting on July 11, 2025, where Ms. Aparna Morale Bangar stepped down as Chairperson but continues as Managing Director. Mr. Sujit Sudhakar Bangar, her spouse and a Harvard Business School alumnus with 20+ years of experience, was appointed as the new Chairperson and Whole-Time Director effective July 12, 2025, subject to shareholder approval. The appointment of a Non-Executive Independent Director, Mr. Hrushikesh Bahekar, was postponed to July 15, 2025, due to MCA portal maintenance. The company highlighted that under Aparna's tenure, revenue grew from ₹52.20 crore to ₹206.30 crore and net profit rose from ₹3.31 crore to ₹13.54 crore.
This is essentially a leadership restructuring within the promoter family, with no change in overall control. Sujit's appointment as Chairperson is subject to shareholder approval at the next general meeting. Shareholders may watch for the resolution outcome and any governance concerns about further promoter-family consolidation at the top.