Notice of the Extra-Ordinary General Meeting of Kore Foods Limited
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Kore Foods Limited (BSE: 500458) has called an EGM on June 23, 2025 at 9:30 a.m. at its registered office in Mapusa, Goa, with the cut-off date for e-voting eligibility set as June 16, 2025. The meeting will consider nine items, including the appointment of three directors — Mr. Sachin R Rane and Ms. Sakshi Jalan as Non-Executive Non-Independent Directors, and Mr. Manzoor Ul Haque Butt as Executive Director and Managing Director for 2 years from April 1, 2025 (salary of Rs. 1,20,000/month plus perquisites). Other key resolutions include shifting the registered office from Mapusa to Panjim (within Goa), changing the company's name to 'Team24 Consumer Products Limited', and seeking shareholder approval to enhance borrowing, lending, and security-creation powers up to Rs. 100 Crores each. The agenda signals a strategic pivot, with the company eyeing expansion into the hospitality and beverage sectors.
Shareholders need to vote on a name change, board restructuring, and significantly higher borrowing/lending limits (up to Rs. 100 Cr each) — outcomes could affect stock identity, governance, and future capital structure. The proposed move into hospitality/beverages and the new leadership suggest a major business direction change worth watching closely.