Reappointment of Mr. Jagat Mohan Aggarwal as the Chairman Cum Managing Director for further term of 3 years subject to approval of the Shareholders at the ensuring AGM
Awaiting price reaction for this filing.
The Board of Directors approved the re-appointment of Mr. Jagat Mohan Aggarwal as Chairman Cum Managing Director for 3 years effective May 25, 2026, subject to shareholder approval at the ensuing AGM. He is a co-founder of the company with over 40 years of experience in agro-based industries. His shareholding in the company stands at 15,54,626 shares. The filing also includes audited financial results showing total revenue of Rs. 114.09 lakh for FY2026 but a net loss of Rs. 125.51 lakh, compared to a profit of Rs. 9.32 lakh in the previous year. The statutory auditors issued an unmodified opinion on the financial statements.
The reappointment maintains leadership continuity for this loss-making agro-processing company. Shareholders will vote on this appointment at the AGM. The company reported significant losses for FY2026, indicating financial stress.