LT Foods opens e-voting for appointment of independent director
LT Foods has commenced the remote e-voting process for the appointment of Mr. Raj Kumar Jain as an Independent Director, with a proposed term from May 14, 2026, to May 13, 2031. Shareholders registered as of June 12, 2026, can vote from June 17 to July 16, 2026. Mr. Debasis Dixit has been appointed as the Scrutinizer, and results will be declared on July 17, 2026.
*this image is generated using AI for illustrative purposes only.
LT Foods has initiated the remote e-voting process to seek shareholder approval for the appointment of Mr. Raj Kumar Jain as an Independent Director. The resolution proposes a five-year term effective from May 14, 2026, to May 13, 2031, subject to the consent of the members. Mr. Jain was initially appointed as an Additional Director by the Board on May 14, 2026, and currently serves as the Chairman of the Corporate Social Responsibility & ESG Committee and a member of the Nomination & Remuneration, Risk Management, and Merger & Acquisition Committees.
The Board has recommended the ordinary resolution, citing Mr. Jain's extensive leadership experience spanning over four decades in sectors such as retail, consumer goods, e-commerce, and media. His previous roles include Chief Executive Officer of The Times of India Group and Managing Director & CEO of Whirlpool India Limited. The company believes his expertise in governance and strategic transformation will strengthen the Board's oversight capabilities.
Voting Schedule and Process
The remote e-voting process is the sole mechanism for shareholders to record their assent or dissent on the proposed resolution. The voting period began on June 17, 2026, at 9.00 A.M. IST and will end on July 16, 2026, at 5.00 P.M. IST. Members whose names appear in the Register of Members or List of Beneficial Owners as on the cut-off date of June 12, 2026, are eligible to participate.
Mr. Debasis Dixit, Proprietor of M/s. D Dixit & Associates, has been appointed as the Scrutinizer to ensure the e-voting process is conducted fairly. The results of the postal ballot, along with the Scrutinizer's Report, will be declared on July 17, 2026, and subsequently submitted to the stock exchanges and displayed on the company's website.
Director Details
The following table outlines the key details regarding the proposed appointment:
| Particulars | Details |
|---|---|
| Name of the Director | Mr. Raj Kumar Jain |
| Designation | Independent Director |
| Director Identification Number (DIN) | 01741527 |
| Term of Appointment | May 14, 2026 to May 13, 2031 |
| Age | 67 years |
| Qualification | Engineering Degree, MBA from Kellogg School of Business |
| Experience | More than 40 years |
Shareholders can access the detailed notice and e-voting instructions on the company's website at www.ltfoods.com or the NSDL e-voting portal at www.evoting.nsdl.com . The resolution will be deemed to have been passed on the last date of the e-voting period, July 16, 2026, subject to receiving the requisite approval.
Historical Stock Returns for LT Foods
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.16% | +5.04% | -5.59% | -2.52% | -12.56% | +411.85% |
How will Mr. Jain's extensive background in e-commerce and media influence LT Foods' digital transformation strategy over the next five years?
What specific ESG initiatives is the company likely to prioritize under Mr. Jain's leadership as Chairman of the CSR & ESG Committee?
Could Mr. Jain's prior experience in M&A committees signal a potential shift towards inorganic growth or strategic acquisitions for LT Foods?
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