Mayank Cattle Food Limited shareholders approved the issuance of bonus equity shares and the re-appointment of five key directors at the company’s 28th Annual General Meeting held on August 6, 2026. The meeting, chaired by Chairman and Managing Director Bharatkumar Popatlal Vachhani, also ratified the remuneration of cost auditors and approved revisions to the compensation packages of five senior executives.

The meeting commenced at 12:30 P.M. IST at the company’s facility in Rajkot, Gujarat, and concluded at 1:05 P.M. Shareholders voted via remote e-voting through Central Depository Services (India) Limited (CDSL) between August 1 and August 5, 2026, or through polling papers during the meeting. M/s. Dixit Shah and Associates served as the scrutinizer for the voting process under Section 109 of the Companies Act, 2013. The statutory auditor and secretarial auditor issued unqualified reports, noting no observations or modified opinions on the financial statements.

Board and Director Re-appointments

Shareholders approved several special resolutions regarding the composition of the Board of Directors. The company sought and received approval for the re-appointment of the following individuals:

• Bharatkumar Popatlal Vachhani as Managing Director
• Ajay Popatlal Vachhani as Whole-Time Director
• Tanmai Ajaybhai Vachhani as Whole-Time Director
• Mayank Bharatkumar Vachhani as Whole-Time Director
• Ankur Dholakia as Independent Director

Additionally, Tanmai Ajaybhai Vachhani was re-appointed as a director liable to retire by rotation, replacing his outgoing term. All resolutions were passed with the requisite majority on the date of the meeting.

Executive Remuneration Revisions

The shareholders also approved special resolutions to revise the remuneration of five key executives. These changes reflect the company’s strategy to align executive compensation with ongoing operational responsibilities:

• Bharatkumar Popatlal Vachhani, Managing Director
• Ajay Popatlal Vachhani, Whole-Time Director
• Ankit Bharatbhai Vachhani, CFO and Director
• Tanmai Ajaybhai Vachhani, Whole-Time Director
• Mayank Bharatkumar Vachhani, Whole-Time Director

Capital Structure Changes

In addition to governance matters, the meeting addressed significant capital structure adjustments. Shareholders passed an ordinary resolution to increase the authorized share capital and make consequential alterations to the Capital Clause of the Memorandum of Association. A separate special resolution approved the issue of bonus equity shares to existing members, a move that typically signals confidence in future earnings and a desire to reward shareholders without cash outflow.

What the Numbers Show

The approval of bonus shares alongside increased authorized capital suggests Mayank Cattle Food is positioning itself for potential future equity fundraising or internal growth initiatives. By increasing the authorized limit, the company ensures it has the legal capacity to issue new shares without further shareholder approval in the near term. The simultaneous re-appointment of multiple whole-time directors indicates stability in leadership, while the remuneration revisions likely reflect market adjustments for key roles including the CFO position.

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.