KMG Milk Food Limited shareholders unanimously approved all three resolutions at the 34th Annual General Meeting held on September 24, 2026. The final voting results, disclosed on September 27, 2026, confirmed the adoption of FY26 financial statements and the re-appointment of key personnel.

The meeting, chaired by Basudev Garg, was conducted at the company's registered office in Kurukshetra, Haryana. All items of business listed in the notice were duly considered and transacted by the shareholders present. The scrutinizer's report indicated that 3,014,475 votes were cast in favor across all resolutions, with zero votes against.

Resolutions Passed

The shareholders passed three ordinary resolutions during the session. These included the adoption of financial reports, the re-appointment of a director retiring by rotation, and the continuation of the statutory audit firm.

Mithlesh Garg (DIN: 00185942) retired by rotation and offered herself for re-appointment, which was approved. The company also confirmed the re-appointment of M/S Gauri Goyal & Associates (FRN: 0036120N) as the statutory auditors.

Voting Details and Participation

Voting on the resolutions was conducted through e-voting and physical ballots. The consolidated results reveal that out of 5,304,600 outstanding shares, 3,014,475 shares voted, representing a turnout of 56.83%.

The promoter and promoter group held 3,011,475 shares and voted entirely through physical poll, casting 3,011,475 votes in favor for each resolution. Public non-institutional shareholders holding 1,928,225 shares participated minimally, with only 3,000 votes polled via e-voting and poll combined. Institutional public shareholders did not cast any votes.

What the Numbers Show

The voting data highlights a significant concentration of control within the promoter group. With promoters holding approximately 56.8% of the total outstanding shares (3,011,475 out of 5,304,600), their unanimous support ensured the passage of all resolutions regardless of public shareholder participation. Public participation was negligible, accounting for less than 0.1% of the total votes polled, indicating that corporate governance decisions at KMG Milk Food are effectively determined by promoter consensus.

KMG Milk Food reported a net profit of ₹328.7 lakh for FY26, marking a significant turnaround from the net loss of ₹456.8 lakh recorded in FY25. The dairy products manufacturer has scheduled its 34th annual general meeting for September 24, 2026, to adopt the audited financial statements.

The board approved the date and e-voting arrangements in a meeting held on August 31, 2026. Shareholders holding shares as of the cut-off date, September 17, 2026, are eligible to vote. The meeting will take place at the company's registered office in Kurukshetra at 1:00 pm.

Financial Performance

Total income for FY26 stood at ₹566.5 million, down from ₹773.3 million in FY25. Revenue from operations decreased to ₹469.0 million from ₹677.3 million in the previous year. This decline was driven by a reduction in cost of material consumed, which fell to zero from ₹281.1 million in FY25, alongside a shift in purchase of traded goods.

Profit before tax improved to ₹396.8 lakh compared to a loss of ₹454.4 lakh in FY25. Finance costs remained relatively stable at ₹457.1 lakh against ₹478.2 lakh in FY25. Depreciation expenses increased to ₹247.5 lakh from ₹133.2 lakh.

What the Numbers Show

The return to profitability was primarily operational, supported by a sharp decline in other expenses which fell to ₹174.9 lakh from ₹567.0 lakh in FY25. This reduction helped offset the lower revenue trajectory. Other income remained robust at ₹97.5 million, contributing significantly to the total income structure despite the drop in core operational revenue.

E-voting and Book Closure

The e-voting period commences on Monday, September 21, 2026, at 10:00 am and concludes on Wednesday, September 23, 2026, at 5:00 pm. Members can cast votes electronically during this window.

The register of members and share transfer books will remain closed from Friday, September 18, 2026, to Thursday, September 24, 2026, inclusive of both days. This closure complies with Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Scrutinizer Appointment and Agenda

Mr. Ashish Goyal, proprietor of M/s A. Goyal & Associates and a company secretary in whole-time practice, was appointed as the scrutinizer for the e-voting process. He will oversee both the electronic voting and voting conducted during the AGM.

The agenda includes the re-appointment of Mrs. Mithlesh Garg as a director, who retires by rotation, and the re-appointment of M/s Gauri Goyal & Associates as statutory auditors until the conclusion of the 36th AGM. No dividend is recommended for FY26.