LT Foods has announced the resignation of its Chief Marketing Officer (CMO) K. Ganapathy Subramaniam, who tendered his resignation from his position as Senior Management Personnel due to personal reasons. The resignation was submitted on March 22, 2026, and accepted by the management on March 25, 2026.

Resignation Details

The key details of the resignation are outlined in the company's regulatory filing:

Transition Arrangements

Subramaniam will continue in his role until July 31, 2026, to ensure a smooth transition. During this period, he will:

• Assist with all transition-related activities
• Complete proper handover processes
• Remain on the company payroll with his current designation
• Be relieved at the close of business hours on the specified date

Management Response

The company management has expressed appreciation for Subramaniam's contributions during his tenure. In the acceptance communication, the management acknowledged the "nice association of around 4.5 years" and recognized his contribution to the organization throughout this period. The company has also extended best wishes for his future endeavors.

Regulatory Compliance

LT Foods has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company submitted the required intimation to both BSE Limited and National Stock Exchange of India Ltd, along with the necessary annexures including the detailed disclosure format and copy of the resignation letter.

Company Operations

The resignation represents a change in the senior management structure of LT Foods, a prominent player in the food processing industry. The company will likely initiate the process to identify a suitable replacement for the CMO position to maintain continuity in its marketing operations and strategic initiatives.

LT Foods Limited has unveiled Daawat® Saffron Basmati Rice, a limited-edition premium offering that marks a significant innovation in the basmati rice category. The launch represents the company's strategic expansion into ultra-premium segments, targeting connoisseurs who value exceptional culinary experiences.

Product Innovation and Sourcing

The Daawat® Saffron Basmati Rice stands as a first-of-its-kind innovation, featuring basmati rice infused with the finest saffron sourced exclusively from Jammu & Kashmir. The rice cultivation follows traditional methods on farms nourished by the Chenab River, where farmers employ time-honored, pesticide-free techniques passed down through generations.

Premium Packaging and Experience

The limited-edition offering transforms the traditional rice purchase into a luxury experience through carefully curated packaging elements. Each pack contains vacuum-sealed saffron-infused basmati rice, accompanied by a handcrafted jute storage bag for preservation. The premium experience extends to personalized touches, including a handwritten note from the farmer featuring a certified pack number, along with specially curated cooking instructions.

Market Positioning and Availability

Positioned as a rare and collectible culinary offering, Daawat® Saffron Basmati Rice targets true connoisseurs seeking exclusivity in their food choices. The product functions as both a culinary indulgence and a keepsake, reflecting the company's commitment to creating value beyond traditional food offerings.

Availability remains exclusive, with interested consumers required to express interest through the dedicated website at daawat.com/saffron-rice, emphasizing the product's premium positioning and limited nature.

Strategic Vision and Market Impact

According to Ritesh Arora, CEO – India Business & Far East at LT Foods Limited, the launch represents a strategic step in strengthening the company's premium portfolio while enhancing value creation across the premium basmati ecosystem. The initiative builds on the company's seven-decade legacy, combining authenticity, product excellence, and exclusivity to reinforce Daawat®'s market leadership.

Company Performance Overview

LT Foods Limited operates as a leading billion-dollar global FMCG company in the consumer food space, with over 70.00 years of experience in specialty rice and rice-based foods. The company maintains a global presence across more than 80.00 countries, including India, the U.S., U.K., Europe, the Middle East, and the Far East.

The company's integrated "Farm to Fork" approach encompasses strategically located processing units in India, the U.S., and Europe, supported by automated state-of-the-art facilities and a robust global distribution network.