Notice of AGM held on Thursday, 25th September, 2025 at 9.00 am at the registered office of the Company.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Milkfood Ltd has notified that its 52nd AGM will be held on Thursday, 25th September 2025 at 9:00 AM at the registered office in Bahadurgarh, Patiala, Punjab. Shareholders will consider adopting FY25 financial statements, which show turnover of Rs. 44,964 lakhs (vs Rs. 44,632 lakhs in FY24) but a decline in net profit to Rs. 452 lakhs from Rs. 712 lakhs. They will also confirm the interim dividend of Rs. 2.50 per share (25%) already paid for FY24-25. Key special business includes re-appointing Mr. Sudhir Avasthi as Managing Director for 5 years (from 1 July 2026 to 30 June 2031) with a basic salary of Rs. 13.5 lakh per month plus commission of up to 1% of net profits, and appointing Mrs. Jyotsna Bhatnagar as Independent Director for a 5-year term. Most notably, shareholders' approval is being sought to sell, transfer, or dispose of the company's Moradabad Unit (village Agwanpur, Uttar Pradesh) on a slump sale basis, excluding the brand name. The company is also appointing Mrs. Kamlesh Gupta as Secretarial Auditor for 5 years (FY26 to FY30) and ratifying the cost auditor's remuneration of Rs. 1 lakh.
The proposed sale of the Moradabad Unit is a significant strategic move that could reshape the company's asset base and is worth close attention from shareholders. The drop in net profit despite stable revenue, combined with a leadership continuity proposal for the MD, suggests the company is in a cost-optimisation phase.