Hatsun Agro partners with Odisha govt, SBI to launch Go-Dhan initiative

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Reviewed by
Shriram SScanX News Team
Key Highlights
  • Hatsun Agro Product launched 'Go-Dhan' with Odisha Govt and SBI on September 28, 2026
  • Initiative targets 6,000 dairy farmers across 15 districts of Odisha
  • Plans to establish over 6,000 dairy farms in a phased manner over three years
  • Aims to leverage MKUY subsidy scheme for affordable capital access
  • Focuses on producing milk in Odisha for local consumption and export to West Bengal and North Andhra Pradesh
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Hatsun Agro Product Limited has launched 'Go-Dhan', a flagship initiative in partnership with the Government of Odisha and State Bank of India to empower dairy farmers. The program aims to benefit 6,000 dairy farmers across 15 districts by improving access to finance and modern practices.

The initiative was formally launched at the OUAT Auditorium in Bhubaneswar on September 28, 2026. Key stakeholders present included Sri Prem Chand Chaudhary, Secretary of the Department of Fisheries & Animal Resources Development, Government of Odisha; Sri Shubhranshu, Managing Director of APICOL; Sri Rakesh Kumar Yadav, Chief General Manager of State Bank of India; and R. G. Chandramogan, Chairman of Hatsun Agro Product Ltd.

Strategic objectives and financial support

Go-Dhan is designed to provide participating farmers with greater access to institutional finance and government support schemes. The initiative seeks to leverage subsidies such as the Mukhyamantri Krushi Udyog Yojana (MKUY) to help farmers access affordable capital. This funding is intended for investments in quality bovine breeds, improved cattle housing, farm mechanisation, nutrition, and herd health.

R. G. Chandramogan stated that the company aims to support the establishment of more than 6,000 dairy farms over the next three years in a phased manner. The objective is to improve farmer incomes, encourage scientific dairy farming, and create a sustainable ecosystem in the state.

Regional expansion and market focus

Hatsun Agro intends to produce and procure milk within Odisha to create value for local farmers while meeting consumer demand. The company plans to export this milk to neighbouring markets, including West Bengal, North Andhra Pradesh, and other nearby states. This strategy aims to strengthen the regional dairy economy and unlock agricultural potential in the region.

The partnership reflects a shared commitment among the dairy, financial, and government sectors to strengthen farmer livelihoods. Hatsun Agro emphasized that strengthening dairy farming creates a positive impact on primary agriculture by providing farmers with a stable source of income.

Historical Stock Returns for Hatsun Agro Product

1 Day5 Days1 Month6 Months1 Year5 Years
+1.74%-3.25%-4.93%+21.09%+22.49%-19.18%

How will Hatsun Agro manage the logistical challenges of exporting milk from Odisha to neighboring states like West Bengal and Andhra Pradesh?

What specific metrics will be used to evaluate the success of the Go-Dhan initiative in improving farmer incomes over the next three years?

How might the entry of a major private player like Hatsun Agro impact existing local dairy cooperatives in Odisha?

Hatsun Agro Product declares AGM results; all 6 resolutions pass

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Reviewed by
Jubin VScanX News Team
Key Highlights
  • Hatsun Agro Product Limited declared voting results for its 41st AGM held on September 25, 2026
  • All six resolutions passed with requisite majority and zero invalid votes recorded
  • Special resolution on Chairman's office continuation saw 4,41,943 votes against
  • Promoter group voted unanimously in favour across all agenda items
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Hatsun Agro Product Limited declared the voting results of its 41st Annual General Meeting on September 26, 2026. All six resolutions proposed at the meeting were passed by shareholders with the requisite majority and no invalid votes were recorded.

The meeting was held on September 25, 2026, via video conferencing. The scrutinizer’s report, submitted by Ramanathan Nachiappan of S Dhanapal & Associates LLP, confirmed the outcomes which were subsequently announced by Company Secretary C Subramaniam.

Key Resolutions Passed

The shareholders approved several ordinary and special business items during the session:

  • Adoption of the audited balance sheet, statement of profit and loss, and cash flow statement for FY26.
  • Confirmation of the interim dividend paid on fully paid-up equity shares for FY26.
  • Re-appointment of R G Chandramogan (Chairman) and J Shanmuga Priyan (Managing Director) as directors retiring by rotation.
  • Ratification of the remuneration for cost auditors.
  • Continuation of R G Chandramogan’s office as Non-Executive Non-independent Director in the capacity of Chairman.

Voting Results Summary

The voting data reveals strong support from the promoter group, who voted unanimously in favour across all resolutions. Public shareholders showed minor dissent on specific items, particularly regarding the continuation of the Chairman's office.

Resolution Type Votes In Favour Votes Against Result
Adoption of FY26 Financials Ordinary 20,39,22,889 12 Passed
Confirmation of Interim Dividend Ordinary 20,39,06,889 16,012 Passed
Re-appointment of R G Chandramogan Ordinary 20,39,13,854 8,682 Passed
Re-appointment of J Shanmuga Priyan Ordinary 20,39,14,097 8,804 Passed
Ratification of Cost Auditor Remuneration Ordinary 20,39,22,820 81 Passed
Continuation of Chairman Office Special 20,34,80,958 4,41,943 Passed

Governance and Attendance

The meeting was chaired by R G Chandramogan, with a quorum confirmed by Company Secretary C Subramaniam. Directors attended both physically and virtually to ensure compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Role Name Attendance Mode
Chairman R G Chandramogan In Person
Vice Chairman C Sathyan In Person
Managing Director J Shanmuga Priyan In Person
Independent Director S Subramanian Video Conferencing
Independent Woman Director Archana Narayanaswamy In Person
Independent Woman Director Bharathi Baskar Video Conferencing

Statutory auditors from Deloitte Haskins & Sells LLP, E Krishna Prakash and Shobana Giridharan, were present via video conferencing. The secretarial audit was overseen by S Dhanapal & Associates LLP.

Voting and Compliance

The company utilized the e-voting facility provided by National Securities Depository Limited (NSDL). Remote voting was open from September 22 to September 24, 2026. Members who did not vote remotely could cast their votes during the meeting through the same electronic system. The results of the voting were declared within two working days of the meeting's conclusion and posted on the company’s website and stock exchange platforms.

Historical Stock Returns for Hatsun Agro Product

1 Day5 Days1 Month6 Months1 Year5 Years
+1.74%-3.25%-4.93%+21.09%+22.49%-19.18%

How will the continued leadership of R G Chandramogan and J Shanmuga Priyan influence Hatsun Agro's strategic expansion plans for the upcoming fiscal year?

What specific operational or governance concerns drove the 4.4 million votes against the continuation of the Chairman's office, and how might management address these dissenting shareholder views?

Given the confirmation of the FY26 interim dividend, what are the projected payout ratios and capital allocation strategies Hatsun Agro intends to adopt for future shareholder returns?

More News on Hatsun Agro Product

1 Year Returns:+22.49%