Pursuant to Regulation 34 of SEBI(Listing Obligations and Disclosure Requirement) Regulations, 2015, please find enclosed copy of Annual Report of the Company for Financial Year 2024-25 ....
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Modern Dairies has submitted its Annual Report for FY 2024-25 along with the Notice for its 33rd AGM, to be held on Friday, 27th June 2025 at 11:00 AM via video conferencing. E-voting window is from 24th June (9 AM) to 26th June (5 PM), with cut-off date of 20th June 2025. Apart from routine items (adoption of accounts and reappointment of a retiring director), shareholders will vote on several special items including ratification of Cost Auditors' remuneration of Rs. 70,000 for FY26, appointment of M/s Sanger & Associates as Secretarial Auditors for three years, and re-appointment of Mr. Krishan Kumar Goyal as Chairman & Managing Director for five years (till 2030 AGM). Two related-party transaction approvals are sought: up to Rs. 60 crore per year with Nabha Commerce Private Limited for five years, and up to Rs. 55 crore per year with Modern Dairyfarms Limited. Shareholders are also being asked to ratify Rs. 4.09 crore in aggregate remuneration already paid to the CMD and Executive Director, and to approve amendments to the Articles of Association making the Chairman/MD not liable to retire by rotation.
Retail shareholders should review the related-party transaction limits (Rs. 115 crore combined annual cap) and the director remuneration ratification (Rs. 4.09 crore) carefully before voting. Approval of these resolutions is largely procedural and is not expected to materially shift the stock price, though they consolidate the controlling family's grip on management and inter-group dealings.