Hatsun Agro Product Limited published newspaper advertisements on April 14, 2026, confirming the dispatch of its postal ballot notice to shareholders for the appointment of Mr. Rajprabu Harshan as Independent Director. The Chennai-based dairy and food products company informed stock exchanges about the advertisement publication in Financial Express (English) and Makkal Kural (Tamil) newspapers, following regulatory requirements under SEBI Listing Regulations.

Newspaper Advertisement Publication and Regulatory Compliance

The company formally communicated to BSE Limited and National Stock Exchange of India Limited through letter reference HAPL\SEC\03\2026-27 dated April 14, 2026, regarding the newspaper advertisement publication. This follows their earlier intimation HAPL\SEC\02\2026-27 dated April 13, 2026, about the postal ballot notice dispatch completion.

Postal Ballot Notice Details and E-Voting Timeline

The postal ballot notice seeks shareholder approval for Mr. Rajprabu Harshan's appointment as Non-Executive Independent Director through remote e-voting facility provided by National Securities Depository Limited (NSDL). The e-voting period commenced on April 15, 2026, and will conclude on May 14, 2026, with voting rights determined based on the cut-off date of April 10, 2026.

Director Profile and Appointment Terms

The postal ballot seeks approval for Mr. Rajprabu Harshan's appointment as Non-Executive Independent Director for a five-year term from April 10, 2026, to April 9, 2031. The director brings business administration expertise and experience in operational strategy and organizational growth to the board.

Scrutinizer Appointment and Shareholder Instructions

The company appointed Mr. Ramanathan Nachiappan (FCS 6665), Designated Partner of S Dhanapal & Associates LLP, as Scrutinizer to conduct the postal ballot process in compliance with Companies Act 2013 and SEBI regulations. Shareholders can access e-voting through NSDL platform at www.evoting.nsdl.com , with detailed instructions provided for different shareholder categories including demat and physical shareholding modes.

The resolution, if approved by shareholders, will be considered passed effectively on May 14, 2026. Results will be declared at the company's registered office and communicated to stock exchanges where Hatsun Agro Product Limited shares are listed.

Hatsun Agro Product Limited has successfully completed its amalgamation with Milk Mantra Dairy Private Limited, marking a significant milestone in the company's expansion strategy. The merger received approval from the National Company Law Tribunal, Cuttack Bench, and has now been formally implemented with all regulatory filings completed as of March 31, 2026.

NCLT Approval and Implementation Timeline

The National Company Law Tribunal, Cuttack Bench sanctioned the Scheme of Amalgamation through an order dated March 10, 2026. Both the transferor company (Milk Mantra Dairy Private Limited) and transferee company (Hatsun Agro Product Limited) filed the tribunal order with their respective Registrar of Companies on March 31, 2026.

The effective date of the amalgamation has been set as April 1, 2025, meaning Milk Mantra Dairy Private Limited is deemed to have been merged with Hatsun Agro Product Limited from this appointed date.

Capital Structure Changes

Following the completion of the amalgamation scheme, Hatsun Agro Product Limited has implemented significant changes to its capital structure. The company's authorized share capital has been increased substantially to accommodate the merger.

The capital restructuring required amendments to the Capital Clause of the company's Memorandum of Association to reflect the new authorized share capital structure.

Regulatory Compliance and Documentation

The company has maintained full compliance with regulatory requirements throughout the amalgamation process. The final announcement was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring proper disclosure to stakeholders.

This development follows a series of earlier intimations to the stock exchanges, demonstrating the company's commitment to transparent communication throughout the merger process.

Strategic Implications

The successful completion of this amalgamation represents a strategic consolidation for Hatsun Agro Product Limited in the dairy sector. With Milk Mantra Dairy Private Limited now fully integrated into its operations, the company is positioned to leverage combined resources and capabilities across its diverse portfolio of brands including Arun, Arokya, Hatsun, Ibaco, and others in the ice cream, dairy, and chocolate segments.