Britannia Industries Limited has dispatched a notice of postal ballot to seek shareholder approval for the re-appointment of Mr. N. Venkataraman as Executive Director and Chief Financial Officer. The resolution proposes a four-year term effective from July 30, 2026, to July 29, 2030. The Board of Directors, based on the recommendation of the Nomination and Remuneration Committee, approved the re-appointment citing Mr. Venkataraman's four decades of experience and his strategic leadership across the finance function.

The notice was dispatched via email to shareholders whose names appear in the Register of Members or Register of Beneficial Owners as on the cut-off date of June 26, 2026. Physical copies have not been dispatched in compliance with Ministry of Corporate Affairs circulars. The company has engaged National Securities Depository Limited (NSDL) to facilitate the remote e-voting process. The voting results will be announced within two working days from the conclusion of the remote e-voting period.

Terms of Re-appointment

The re-appointment is proposed on terms and conditions including remuneration as set out in the Service Agreement to be executed between the company and Mr. Venkataraman. The proposed remuneration structure includes a basic salary of ₹62,30,357 per annum, along with performance-linked incentives, perquisites, and allowances as determined by the Board.

The aggregate remuneration payable will remain within the maximum limits prescribed under Section 197, Schedule V of the Companies Act, 2013, and the SEBI Listing Regulations, 2015. In the event of inadequate profits, remuneration will be paid subject to compliance with Schedule V and necessary approvals.

Remote E-Voting Schedule

Shareholders eligible to vote can participate through remote e-voting during the following period:

Director Profile

Mr. N. Venkataraman, aged 61, is a Commerce Graduate and a Qualified Cost Accountant. He heads the Finance, Business Commercial, Legal, and Secretarial functions and leads cost efficiency initiatives. Prior to joining the company in April 2007, he headed the finance function for the two-wheeler and commercial vehicle businesses of Eicher Motors Limited. He does not hold any shares in the company.

Associated Biscuits International Limited, the promoter of Britannia Industries , has declared that it along with other promoters and persons acting in concert has not created any encumbrance on the company's shares during the financial year ended March 31, 2026. The disclosure ensures that the promoter group's holdings remain free from charges such as pledges or hypothecation, which is a key compliance requirement for listed entities.

The declaration was submitted to the Audit Committee of Britannia Industries Limited and the stock exchanges, BSE Limited and National Stock Exchange of India Limited, on April 9, 2026. The filing was made in accordance with Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, which mandates promoters to disclose any encumbrance on shares annually.

Hong Kok Meng, the Authorised Signatory of Associated Biscuits International Limited, signed the declaration. The communication was dispatched from Singapore and addressed to the company's registered office in Kolkata and the listing departments of both major stock exchanges.

Key Details of the Disclosure