Tasty Bite Eatables Limited has informed the Exchange regarding Notice of Postal Ballot
TASTYBITE · price
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Tasty Bite Eatables has issued a Postal Ballot Notice seeking shareholder approval through e-voting from April 5 to May 4, 2026. The key items include: (1) Material related party transactions with holding company Preferred Brands International (PBI) up to ₹3,000 million for FY 2026-27, representing 54.15% of consolidated turnover; (2) Related party transactions with Mars Food UK up to ₹750 million (13.54% of turnover); (3) Revision of remuneration for Managing Director Mr. Dilen Gandhi to a total cost of ₹5.02 crore per annum; (4) Revision of remuneration for Whole Time Director Mr. Shashank Shekhar to ₹1.84 crore per annum; (5) Approval of ₹48 lakh remuneration for Independent Director Mr. Pradeep Poddar; and (6) Authorization for continuing transactions with Mars Food UK for FY 2025-26. PBI, a subsidiary of Mars Incorporated, holds 74.23% of Tasty Bite, making these RPTs with the parent group a recurring annual requirement.
This is a routine annual corporate governance exercise. Shareholders should vote on the resolutions; the RPTs and remuneration are typical for a subsidiary operating within the Mars group. No immediate material impact on stock price is expected, but rejection of any resolution could delay or disrupt business with the parent group.