Intimation of Appointment of Managing Director

Ceo Appointed ExternalManagement Changes View source PDF Explain this filing

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₹29.17

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Nifty Microcap 250market · in no size index; the smallest one is used+0.7%+1.3% vs market

Other Food Products peers, median of 16sector-0.2%+2.2% vs sector

On the reaction day the stock moved 1.3 pts more than Nifty Microcap 250 and 2.2 pts more than its Other Food Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Kore Foods Limited has informed BSE about the appointment of Mr. Manzoor Ul Haque Butt as the Managing Director of the company, effective April 1, 2025, for a two-year term. The appointment is subject to the approval of shareholders. Mr. Butt, aged 59, holds a Master's in Fisheries Science and has 20 years of experience with expertise in food technology. He is not debarred from holding a director's office by SEBI or any other authority. Both Mr. Butt and Additional Director Mr. Sachin Rane serve as directors on the board of the company's holding company.

Likely market impact

The new MD brings relevant food industry and technology experience, which aligns with Kore Foods' core business. As the appointment is subject to shareholder approval, retail investors should watch for any related disclosures or AGM/EGM voting updates.