LT Foods Limited has informed the Exchange regarding Notice of Postal Ballot
LTFOODS · price
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LT Foods Limited has issued a Postal Ballot Notice seeking shareholder approval through e-voting (no physical ballot forms) for five special business items. The resolutions include: (1) re-appointment of Mr. Abhiram Seth as Independent Director for a second 5-year term starting July 22, 2026 (he will turn 75 during this tenure); (2) re-appointment of Ms. Ambika Sharma as Independent Director for a second 5-year term from March 10, 2026; (3) appointment of Ms. Rima Gupta as a new Independent Director for 5 years from April 8, 2026; (4) appointment of Mr. Ashok Kumar Arora as Whole-time Director (Executive Director) for 3 years from April 8, 2026, with his remuneration being paid by wholly-owned subsidiary Daawat Foods Limited and not by the company; and (5) alteration of the Object Clause of the Memorandum of Association to add a food testing, research, and laboratory services business line. The e-voting window runs from March 10, 2026 (9:00 AM) to April 8, 2026 (5:00 PM), with the cut-off date for eligibility being March 6, 2026. Results will be announced on or before April 10, 2026.
These are routine governance items focused on board composition and expanding the company's permitted business activities, with no immediate financial impact on shareholders. The director re-appointments and new appointment add a mix of food industry, international trade, and brand strategy expertise, while the object clause amendment signals potential entry into food testing and research services. The whole-time director's cost is being routed through a subsidiary, so it does not affect LT Foods' standalone payroll.