Dindigul Farm Product Limited held its 16th Annual General Meeting on September 30, 2026, via video conferencing. While five ordinary resolutions were passed, a special resolution regarding the revision of remuneration for Chairman and Managing Director R Rajasekaran failed to secure the requisite majority.

The meeting addressed six agenda items. Ordinary resolutions covering the adoption of audited financial statements for FY26, re-appointment of Mrs. Rajadharshini Rajasekaran as Non-Executive Director, and re-appointment of statutory auditor M/s VSSR & Co were approved with significant support from the promoter group.

Voting outcomes

The resolution to regularize Dr. Karthik Neelakandan as a Non-Executive Non-Independent Director also passed with a simple majority. Additionally, shareholders approved material related party transactions with A R Dairy Food Private Limited up to ₹60 crore, excluding duties and taxes.

However, the special resolution seeking approval for the revision of remuneration payable to Mr. R. Rajasekaran, along with continuing his directorship after attaining 70 years of age, was not passed. Under Section 114(2) of the Companies Act, 2013, a special resolution requires votes in favour to be at least three times the number of votes against. The voting results did not meet this threshold.

What the numbers show

The voting data reveals a distinct split in shareholder sentiment across different governance matters. For routine administrative resolutions such as financial statement adoption and auditor re-appointment, the promoter group voted unanimously in favor, resulting in 98.96% votes in favor overall. In contrast, for the contentious items involving director regularization (Item 4) and CMD remuneration (Item 6), the promoter group's support dropped to 50.55% in favor within their own block. This internal divergence among promoters significantly impacted the final outcome, particularly for the special resolution which required a higher majority threshold that could not be met given the split vote and public opposition.

Dindigul Farm Products scheduled its 16th Annual General Meeting (AGM) for September 30, 2026, following the submission of its FY26 annual report to the Bombay Stock Exchange on September 8, 2026. The filing was made pursuant to Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The submission coincides with the company's Board of Directors meeting held earlier that day. Following an adjournment from the previous week due to lack of quorum, the board approved the notice for its 16th Annual General Meeting (AGM) and several key corporate governance matters.

AGM Details and Voting Schedule

The board fixed the date for the 16th AGM as Wednesday, September 30, 2026, at 3:30 pm via Video Conferencing or Other Audio-Visual Means. The schedule for remote e-voting and book closure is as follows:

The company confirmed that the Register of Members and Share Transfer Books will remain closed from September 24, 2026, to September 30, 2026, pursuant to Regulation 42 of the SEBI LODR Regulations, 2015.

Related Party Transactions and Auditor Reappointment

The board recommended a special resolution for shareholders to approve material related-party transactions with group company A R Dairy Food Private Limited. The proposed limit is up to ₹60 crore for the period between the conclusion of the 16th AGM and the 17th AGM.

Additionally, the board approved the reappointment of M/s VSSR & Co., Chartered Accountants (FRN – 016495S), as statutory auditors for five years, from the conclusion of the 16th AGM until the 21st AGM in 2031. This is subject to shareholder approval.

Leadership Changes and Director Appointments

Significant changes to the company's leadership structure were approved:

• CEO Appointment: Mr. Ravi Chandran Ranganthan was appointed as Chief Executive Officer, effective October 1, 2026. He holds a B.E. in Computer Science and has over 15 years of experience in dairy manufacturing operations. He is the son-in-law of Chairman and Managing Director Mr. R Rajasekaran.
• Additional Director: Dr. Karthik Neelakandan was appointed as an Additional Non-Executive Non-Independent Director on September 8, 2026. A medical professional with over 23 years of experience, his expertise is expected to aid the company’s expansion into protein and nutrition segments.
• Director Disqualification: Mr. Ravi Rajappan (DIN: 01969263), a Non-Executive Director, was disqualified under Section 164(2)(a) of the Companies Act, 2013, effective September 8, 2026.
• Remuneration Revision: The board recommended a revision in remuneration for Mr. R Rajasekaran and sought approval for his continued directorship after attaining the age of 70.

G U K Narayanan, Company Secretary and Compliance Officer, signed the disclosure pursuant to Regulation 30 of the SEBI LODR Regulations, 2015.