Krishival Foods confirmed a one-on-one physical meeting with FYERS Asset Management on September 3, 2026. The session was conducted at the company’s registered office in Mumbai.

The interaction took place in compliance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Management engaged with the asset manager to discuss business operations and strategy.

Meeting Details

Rahul Gawande, Company Secretary and Compliance Officer, signed the post-intimation letter confirming the schedule. The company explicitly stated that no unpublished price-sensitive information was discussed during the interaction.

The schedule remains subject to change due to exigencies on the part of the company or the investor. Stakeholders are advised to monitor official communications for any updates.

Krishival Foods has approved a ₹25 crore loan to its subsidiary Melt 'N' Mellow Foods Private Limited to strengthen its ice cream division’s cold chain infrastructure. The board also sanctioned a ₹35 crore corporate guarantee and fixed September 21, 2026 as the dividend record date.

The strategic move replaces a previously proposed equity acquisition of the subsidiary. Instead of buying additional shares, Krishival will deploy funds from its recent rights issue to provide debt financing for operational expansion.

Strategic Shift in Subsidiary Financing

The board decided not to proceed with the acquisition of additional equity shares in Melt 'N' Mellow, which had been proposed on August 26, 2026. In its place, the company approved two distinct financial commitments:

• ₹25 crore loan: Utilized for deploying 10,000 additional deep freezers to enhance cold chain capabilities.
• ₹10 crore loan: Approved subject to member consent for future working capital requirements.

Additionally, Krishival provided a corporate guarantee of up to ₹35 crore to lenders for credit facilities availed by the subsidiary. This transaction is classified as a related party transaction because promoter director Ms. Aparna Bangar holds shares and serves as a director in Melt 'N' Mellow.

What the Numbers Show

Melt 'N' Mellow’s turnover data reveals significant growth momentum since its acquisition by Krishival in September 2024. The subsidiary’s turnover rose from ₹37.28 crore in FY24 to ₹49.94 crore in FY25, and further accelerated to ₹90.22 crore in FY26. This near-doubling of revenue in FY26 underscores the scale of operations that the new cold chain investment aims to support.

The loan carries an interest rate of 12% and may be converted into equity shares in future tranches. The funds are intended to meet working capital requirements within a 12-month completion period.

Corporate Governance and Shareholder Updates

The board re-appointed Mr. Sunil Kumar Agarwal as a Non-Executive Independent Director for a second five-year term, effective October 1, 2026. His tenure will end on September 30, 2031, pending shareholder approval via special resolution.

Key dates for shareholders include:

• Dividend Record Date: Monday, September 21, 2026
• Register Closure: Tuesday, September 22, 2026 to Thursday, September 24, 2026
• E-Voting Period: Friday, September 25, 2026 at 10:00 am to Sunday, September 27, 2026 at 5:00 pm
• AGM Date: Monday, September 28, 2026 at 4:00 pm via Video Conferencing

The trading window for designated persons opens on Friday, September 4, 2026, pursuant to SEBI insider trading regulations.