Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, this is to inform that on the recommendation of the Audit Committee, the Board of Directors of the Company at their meeting held today i.e May 15, 2025 have considered and recommended to the members regarding (i) Re-Appointment of M/s MSKA & Associates, Chartered Accountants as statutory Auditors for a second term of 5 years and (ii) Appointment of D Dixit & Associates, Company Secretary in practice as the Secretarial Auditor of the Company for a period of 5 years
LTFOODS · price
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LT Foods' board approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025, with the statutory auditor issuing an unmodified opinion. The board recommended a final dividend of Re. 1 per share (100% on face value of Re. 1), taking total FY25 dividend to Rs. 3 per share including the interim dividend already paid, subject to shareholder approval. M/s MSKA & Associates were re-appointed as Statutory Auditors for a second 5-year term (till 2030 AGM), and D Dixit & Associates were appointed as Secretarial Auditors for 5 years. The board also approved a 100% acquisition of Global Greens Group entities (GG INV, GG Europe, GG UK) by its step-down subsidiary LT Foods BV in Europe. Additionally, the LT Foods Employee Stock Option Scheme 2025 (ESOS 2025) was approved, subject to shareholder approval via postal ballot.
Positive for shareholders: the final dividend rewards investors, the ESOS 2025 could help retain talent, and the European acquisition signals continued global expansion. The unmodified audit opinion and auditor continuity support governance confidence, though the ongoing insurance claim litigation at subsidiary Daawat Foods remains a watch item.