Pursuant to Regulation 30 of SEBI(LODR), Regulation 2015, we wish to inform you that based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors of ....
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Suryo Foods & Industries has re-appointed Mr. Amarendra Dash as Managing Director for a fresh 5-year term, running from 1 August 2025 to 31 July 2030. The re-appointment was recommended by the Nomination and Remuneration Committee and approved by the Board on 29 May 2025, subject to shareholder approval at the upcoming AGM. Mr. Dash, aged about 77, holds a BTech in Mechanical Engineering and is described as a pioneer of India's seafood industry with nearly four decades of experience. He personally holds 1,23,300 equity shares (3.11%) in the company.
Continuity at the top is maintained with the founder-promoter staying as MD for another five years, which is generally seen as stable but also raises concerns about succession given his age and the family's heavy presence on the board.