Huhtamaki India Limited has announced significant leadership appointments and scheduled its annual shareholder meeting following a Board of Directors meeting held on March 18, 2026. The packaging solutions company has strengthened its executive team with two strategic appointments while preparing for its upcoming Annual General Meeting.

Executive Director Appointments

The Board of Directors, upon recommendation of the Nomination and Remuneration Committee, has approved the appointment of two new Executive Directors, subject to shareholder approval:

Leadership Profiles

Ms. Ramya Mohan brings extensive experience in domestic and cross-border mergers and acquisitions, corporate strategy and restructuring, and compliance programs. She is a qualified Lawyer and Company Secretary with over 27 years of work experience. Her career includes 13 years with reputed law firms and 10 years with Mondelez in various roles. She has been associated with Huhtamaki since September 2021 as General Counsel and VP, APAC, focusing on business growth while managing commercial, legal and other risks strategically.

Mr. Vinit Mahadevan is a seasoned global management executive with extensive experience in corporate strategy, mergers and acquisitions, and enterprise transformation across diverse industries and geographies. He holds an MBA from the Indian Institute of Management, Bangalore, and a Bachelor's degree in Electrical Engineering from University of Mumbai. He has also completed the Strategic Leadership Program at INSEAD. Currently serving as Vice President – Special Projects at Huhtamaki, he has previously held senior leadership roles at Diageo, WNS, Accenture, Britannia Industries and Citigroup.

Annual General Meeting Announcement

The company has announced its 76th Annual General Meeting scheduled for Friday, May 08, 2026, at 2:30 P.M. (IST). The meeting will be conducted through Video Conferencing (VC) and Other Audio Visual Means (OAVM). Details regarding the despatch of the AGM notice, the Annual Report for the financial year 2025 and record date for the final dividend will be communicated in due course.

Regulatory Compliance and Communication

The announcement has been formally communicated to both BSE Limited (Scrip Code - 509820) and National Stock Exchange of India Ltd. (Symbol – HUHTAMAKI) in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The communication includes detailed profiles of both appointees as required under the listing regulations.

Both appointed directors have confirmed they are not related to any existing Director of the Company and are not debarred from holding the office of director by virtue of any SEBI order or any other authority. The appointments align with the company's commitment to strengthening corporate governance and leadership capabilities.

Huhtamaki India Limited has received a significant penalty notice from municipal authorities regarding property tax payments for its Bengaluru manufacturing facilities. The company disclosed this development under regulatory compliance requirements on February 23, 2026.

Penalty Details and Authority

The Chief Officer of Town Municipal Council, Jigani, Bengaluru issued the demand notice on February 20, 2026. The notice was personally handed over to the Bengaluru plants team by a visiting official and subsequently shared with the corporate office on February 23, 2026.

Nature of Violation

The municipal council has alleged delayed payment of property tax for an extended period spanning from 2014 to 2025. The demand notice requires the company to pay property tax, cess, and the imposed penalty for the alleged delays in tax payments related to its Bengaluru manufacturing plants.

Company's Response and Impact Assessment

Huhtamaki India has clarified that beyond the demanded penalty amount, there is no impact on the company's financial or operational activities. The company has indicated that it is currently reviewing and evaluating its legal options, including the right to challenge or appeal against the penalty order.

The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency with stakeholders regarding material developments.

Regulatory Compliance

The company fulfilled its disclosure obligations by informing both BSE Limited and National Stock Exchange of India about this development. Company Secretary and Legal Counsel Abhijaat Sinha signed the regulatory filing, emphasizing the company's commitment to maintaining proper corporate governance standards.