Krishival foods Limited has achieved a significant milestone by deploying over 15,000 deep freezers across its retail network for its ice cream brand 'Melt N Mellow', marking a substantial strengthening of its cold chain infrastructure and last-mile distribution capabilities. The announcement was made through a press release disclosed under Regulation 30 on April 20, 2026.

Deep Freezer Network Expansion

The company's cold chain infrastructure has witnessed remarkable growth during the year, with the deep freezer network expanding significantly from the beginning of the year to March 31, 2026.

This expansion reflects a sharp scale-up in cold chain infrastructure, positioning the company to better serve temperature-sensitive products across its distribution network.

Strategic Distribution Footprint

The expanded freezer network supports Krishival Foods' broader distribution strategy, which encompasses a substantial retail presence across multiple states. The company's distribution footprint spans 30,000 plus retail touchpoints, supported by a strong network of distributors across Maharashtra, Karnataka, Goa, Telangana and Andhra Pradesh.

The milestone marks a critical step in the company's strategy to scale its ice cream business under the Melt 'n Mellow brand and enhance product availability across urban as well as Tier II and Tier III markets. The expanded freezer network is expected to support improved product visibility, consistent quality, and increased retail throughput.

Manufacturing Capabilities

Krishival Foods operates a state-of-the-art manufacturing facility with substantial production capacity to support its growing ice cream segment:

Leadership Perspective

The company's leadership emphasized the strategic importance of this infrastructure expansion. Sujit Bangar, Chairman of Krishival Foods Limited, stated that the focus remains on strengthening last-mile connectivity and ensuring superior product availability, particularly for the ice cream portfolio. The expansion not only enhances retail presence but also positions the company to capture growing demand in India's frozen food segment.

Abhishek Puranik, CEO of Melt N Mellow Ice Cream, highlighted that crossing 15,000 deep freezers represents a significant milestone in building a robust and scalable distribution ecosystem for the ice cream brand.

Future Growth Strategy

Looking ahead, Krishival Foods plans to continue expanding its cold chain footprint in line with its broader growth strategy. The company aims to achieve deeper penetration in key markets such as Maharashtra, Karnataka, Goa, Telangana and Andhra Pradesh, while scaling its presence across Tier II and Tier III cities.

The company's ice cream business continues to benefit from favorable industry trends, including rising disposable incomes, increasing urbanization, and growing demand for premium and indulgent food products. The expansion of cold chain infrastructure and modern retail channels is further accelerating category growth in the frozen food segment.

Krishival Foods Limited successfully concluded its postal ballot process on April 14, 2026, with shareholders demonstrating strong support for key corporate proposals. The company announced that both resolutions presented to shareholders were approved with the requisite majority through electronic voting, as confirmed by the official scrutinizer report from MNB & Co. LLP.

Official Communication and Regulatory Compliance

The company formally communicated the postal ballot outcome to both National Stock Exchange of India Limited (Symbol: KRISHIVAL) and BSE Limited (Scrip Code: 544416) on April 14, 2026. The communication was signed by Managing Director Aparna Sujit Bangar (DIN: 05332039) and submitted in compliance with Section 110 of the Companies Act, 2013 and Regulation 44 of the SEBI Listing Regulations.

Postal Ballot Process and Documentation

The postal ballot was conducted in accordance with Section 110 of the Companies Act, 2013, and Rule 22 of the Companies (Management and Administration) Rules, 2014. Krishival Foods utilized the e-voting facility provided by Central Depository Services (India) Limited for the voting process. MNB & Co. LLP, Practicing Company Secretaries, served as the appointed scrutinizer and submitted Form No. MGT-13 as the official scrutinizer report.

The postal ballot notice was dispatched electronically to all shareholders whose names appeared in the Register of Members and Register of Beneficial Owners maintained by NSDL and CDSL as on the cut-off date. The company maintained 2,22,95,141 total shares as on the cut-off date.

Resolution 1: Related Party Transactions Approval

The first resolution sought approval for related party transactions and was categorized as a special resolution. According to the scrutinizer report, the voting results demonstrated overwhelming support from eligible shareholders.

The scrutinizer report noted that votes cast by promoters holding 82,96,641 shares and related parties holding 4,99,000 shares were not considered due to their interest in the agenda items.

Resolution 2: Loan Conversion and Additional Financing

The second resolution addressed approval for additional loan and conversion of previous and new loans into equity shares granted to Melt 'N' Mellow Foods Private Limited, the company's subsidiary.

Similar to the first resolution, promoter and related party votes totaling 87,95,641 shares were excluded from consideration due to their interest in the proposed transactions.

Scrutinizer Validation and Compliance Framework

CS Maithili Nandedkar, Partner at MNB & Co. LLP (FCS: 8242, C P No. 9307), confirmed in the official scrutinizer report that the e-voting process was conducted in full compliance with regulatory requirements. The scrutinizer verified that e-voting data was properly reconciled with records maintained by the Registrar and Transfer Agents, and all votes were scrutinized for verification.

The successful completion of the postal ballot process reflects the company's commitment to corporate governance and regulatory compliance. The electronic voting mechanism ensured broader participation while maintaining transparency and adherence to SEBI and MCA requirements.