LT Foods Limited has secured shareholder approval to appoint Mr. Raj Kumar Jain as an Independent Director, following a remote e-voting process that concluded on July 16, 2026. The resolution received overwhelming support, with 99.76% of the total valid votes cast in favour, reinforcing the company's governance structure. The appointment addresses a key board composition requirement and ensures continued oversight.

The remote e-voting period commenced on June 17, 2026, and concluded on July 16, 2026. A total of 250,852,532 votes were polled, representing 72.23% of the company's total outstanding shares. The resolution was passed as a special resolution, requiring a higher threshold of approval, which was comfortably met.

Voting Breakdown

The voting results were categorised by shareholder type, with promoters, public institutions, and non-institutions participating. The table below details the voting pattern across these categories:

Procedural Details

The postal ballot process was scrutinised by CS Debasis Dixit, a Practising Company Secretary appointed by the Board of Directors. The notice for the postal ballot was dispatched electronically on June 17, 2026, to members whose email addresses were registered with the company or depositories. Physical copies of the notice were not dispatched.

National Securities Depository Limited (NSDL) was appointed as the agency for providing the remote e-voting facility. The scrutinizer's report confirmed that the voting process was conducted in a fair and transparent manner, with no invalid votes recorded. The resolution was deemed passed on the last date of e-voting, July 16, 2026.

LT Foods Limited has corrected a typographical error in its postal ballot notice regarding the appointment of Mr. Raj Kumar Jain as an Independent Director. The company clarified that the resolution must be treated as a "Special Resolution" instead of an "Ordinary Resolution" as was inadvertently stated in the original notice dated June 17, 2026. This change impacts the voting threshold required for the approval of the director's appointment.

The corrigendum was issued on July 02, 2026, and was published in The Financial Express and Jansatta on July 04, 2026. The document is being circulated to all members of the company. LT Foods stated that the original notice was dispatched in compliance with the provisions of the Companies Act, 2013, and relevant rules, including circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India. The document was sent to shareholders whose email IDs were registered with Depository Participants or the company as on the cut-off date.

Shareholders are advised to read the Postal Ballot Notice in conjunction with this corrigendum. The company emphasized that apart from the classification of the resolution, all other contents and information within the original notice remain unchanged. The corrigendum has been uploaded on the company's website and the relevant sections of the BSE Limited and National Stock Exchange of India Limited websites.

Key Details of the Corrigendum

The appointment of Mr. Raj Kumar Jain is subject to the approval of the members through the postal ballot process. By reclassifying the resolution as a Special Resolution, the company ensures that the appointment requires a higher majority of votes, aligning with regulatory requirements for such appointments.