Mayank Cattle Food Limited has scheduled its 28th Annual General Meeting for August 06, 2026, at 12.30 p.m. at its registered office in Rajkot, Gujarat. The company reported a 21.03% increase in net profit to ₹601.81 lakhs for the financial year ended March 31, 2026, compared to ₹497.25 lakhs in the previous year. Income from operations grew 3.15% to ₹40,316.70 lakhs from ₹39,085.79 lakhs in FY25, while total income reached ₹40,367.64 lakhs. The company’s earnings per share (basic) improved to ₹11.14 from ₹9.21 in the prior year.

Shareholders will vote on a 1:1 bonus issue, capitalising ₹5.40 crore from retained earnings, and the re-appointment of key managerial personnel including the Managing Director and Whole-time Directors. The record date for determining eligibility for the bonus issue and e-voting is July 24, 2026. Remote e-voting facilities will be available from August 01, 2026, to August 05, 2026.

Proposed Re-appointments and Remuneration

The agenda also includes the ratification of the Cost Auditor’s remuneration and the re-appointment of Mrs. Ekta Ankur Dholakia as an Independent Director for a second term of five years.

mayank cattle food Board approved the Director's Report for FY26 and revised remuneration for five directors, including the Managing Director, effective April 1, 2026. The remuneration increases are subject to shareholder approval. The Board also re-appointed M/s. Tadhani & Co. as Cost Auditor for FY27 and fixed the cut-off date for electronic voting at the upcoming Annual General Meeting.

The Board meeting, convened on July 08, 2026, approved the Director's Report along with its annexures for the financial year 2025-26. This report will be placed before the members for adoption at the ensuing Annual General Meeting. The meeting also sanctioned the re-appointment of M/s. Tadhani & Co., Cost Accountants, to conduct the cost audit for the financial year 2026-27.

Remuneration for Mr. Bharatkumar Popatlal Vachhani, Managing Director, was revised from ₹50,00,000 per annum to ₹72,00,000 per annum. Mr. Ajay Popatlal Vachhani, Whole-Time Director, also saw his remuneration increased from ₹50,00,000 per annum to ₹72,00,000 per annum. The revisions for both directors are effective from April 1, 2026.

The Board also approved salary hikes for other key personnel. Mr. Ankit Bharatbhai Vachhani, CFO and Director, will receive ₹25,00,000 per annum, up from ₹18,00,000. Mr. Tanmai Ajaybhai Vachhani and Mr. Mayank Bharatkumar Vachhani, both Whole-Time Directors, will now receive ₹10,00,000 per annum each, revised from ₹6,00,000 per annum. All these changes are effective from April 1, 2026, and require shareholder approval.

In preparation for the 28th Annual General Meeting, the Board appointed Mr. Dixit Dipakkumar Shah as the scrutinizer. The cut-off date to record shareholder entitlement for electronic voting was fixed as July 24, 2026. The Board also approved the notice convening the 28th Annual General Meeting.

Remuneration Revisions