Summary of proceedings of the 52nd Annual General Meeting of the Company.
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Milkfood Ltd held its 52nd Annual General Meeting on 25 September 2025 at its registered office in Bahadurgarh, Patiala (Punjab), from 9:00 AM to 9:50 AM, chaired by Managing Director Mr. Sudhir Avasthi. Eight resolutions were proposed for shareholder approval, including adoption of FY25 audited standalone and consolidated financial statements, confirmation of an interim dividend of Rs. 2.50 per share (25% on face value of Rs. 10), re-appointment of Mrs. Preeti Mathur (retiring by rotation) and Mr. Sudhir Avasthi as Managing Director, appointment of Mrs. Jyotsna Bhatnagar as a new Non-Executive Independent Director, ratification of Cost Auditor remuneration, appointment of the Secretarial Auditor, and a Special Resolution to sell/transfer/dispose of the Moradabad Unit. All board members were present, and the meeting was conducted in compliance with the Companies Act 2013 and SEBI Listing Regulations. Voting results are still awaited and will be filed once the Scrutinizer's Report is received.
Shareholders have confirmed receipt of the Rs. 2.50 per share interim dividend, while the pending vote on selling/disposing of the Moradabad Unit is a key event to watch as it could change the company's operational footprint. Results of all eight resolutions, especially the special resolutions on MD re-appointment and the Moradabad Unit disposal, will be disclosed soon and may influence stock sentiment.