Travel Food Services Limited has informed the Exchange about the Board of Directors based on the recommendation of Nomination and Remuneration Committee, has approved appointment of Mr. Rituparn Sharma as Senior Vice President (Corporate Affairs) and he is designated as Senior Managerial Personnel of the Company with effect from May 25, 2026
TRAVELFOOD · price
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Travel Food Services Limited announced strong FY2026 results with standalone revenue of Rs. 13,021 million (up 7% YoY) and profit of Rs. 3,676 million (up 23% YoY). Consolidated revenue reached Rs. 16,478 million with profit of Rs. 4,523 million. The Board recommended a dividend of Rs. 10.25 per share, subject to shareholder approval at the AGM. Additionally, Mr. Rituparn Sharma was appointed as Senior Vice President (Corporate Affairs) and designated as Senior Managerial Personnel (SMP) effective May 25, 2026, based on the Nomination and Remuneration Committee's recommendation. The company also completed its IPO listing on NSE and BSE in July 2025.
Positive signals include strong profit growth and dividend declaration. The KMP appointment indicates ongoing management strengthening but is not a governance concern. Shareholders can expect returns from the dividend if approved at AGM.