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The Board of Ovobel Foods approved holding the 33rd Annual General Meeting on 30 September 2025 at 3:00 pm via video conferencing, with the Register of Members closed from 24 to 30 September 2025 and a voting cut-off date of 23 September 2025. Promoter Non-Executive Director Mr. Channappa Bhavihal Gurusiddappa resigned with effect from 3 September 2025 due to preoccupations. Mr. Mysore Satish Sharad was reappointed as Managing Director for a fresh 5-year term from 14 June 2026 to 13 June 2031, subject to shareholder approval. Mrs. Sukanya Satish (mother of the MD and wife of another Director, holding 20.45% stake) was appointed as Additional Non-Executive Director, while Ms. Sanjana M (sister of the MD) was appointed Marketing Coordinator at Rs. 1 lakh per month effective 1 October 2025. Mrs. Suman Bajoria was appointed as Secretarial Auditor for 5 years from FY 2025-26.
Multiple related-party appointments (mother and sister of the Managing Director on the board and in office) may raise corporate governance concerns for minority shareholders, though MD continuity is maintained. Shareholders should note the 23 September 2025 cut-off date for voting eligibility at the AGM.