Please find herewith Outcome of Board Meeting held on 01st April, 2025. This is for your information and records.
Price
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Awaiting price reaction for this filing.
Modern Dairies held a board meeting on 1st April 2025 where two key decisions were approved. First, Dr. Surinder Kumar, a 61-year-old dairy technology expert with over 35 years of experience (including a Ph.D. from NDRI Karnal and 5+ years as Assistant Commissioner in the Govt. of India's Dairy Development department), was appointed as Additional Independent Director for a 3-year term, pending shareholder approval at the next AGM. Second, Mr. Krishan Kumar Goyal was re-appointed as Chairman & Managing Director for a fresh term from 1st April 2025 until the conclusion of the AGM to be held in 2030, also subject to shareholder approval. The board meeting ran from 5:00 p.m. to 6:46 p.m. on 1st April 2025 in Chandigarh.
Continuity at the top with Goyal's re-appointment provides stability, while the addition of a sector veteran (Dr. Kumar) strengthens the board's domain expertise in dairy technology. Both changes are routine governance actions and are unlikely to cause significant stock price movement on their own, though they require shareholder ratification at the upcoming AGM.