Tasty Bite Eatables Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
TASTYBITE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Tasty Bite Eatables Limited conducted a postal ballot (e-voting from April 5 to May 4, 2026) on 5 resolutions. Two resolutions failed: the material related party transactions with Preferred Brands International and Mars Food UK for FY 2026-27 (Resolution 1) and continuing transactions with Mars Food UK for FY 2025-26 (Resolution 5), both rejected with approximately 98.7% dissenting votes from public shareholders. Promoters abstained from these votes as interested parties. Three director remuneration resolutions passed successfully: revisions for Managing Director Mr. Dilen Gandhi (95.47% in favor), Whole Time Director Mr. Shashank Shekhar (95.47% in favor), and Independent Chairman Mr. Pradeep Poddar's remuneration (95.47% in favor). The failed resolutions indicate shareholder opposition to related party dealings with Mars Food UK.
The rejection of related party transactions with Mars Food UK could disrupt the company's supply chain or distribution arrangements with this key associate. The passing of director remuneration proposals signals management continuity, but the strong opposition to related party transactions suggests governance concerns among minority shareholders.