Milkfood Limited Announces Cessation of Independent Director Mrs. Gita Bawa

milkfood Limited has disclosed the cessation of Mrs. Gita Bawa as an Independent Director of the company effective at the close of business hours on May 29, 2026. This development follows the completion of her second consecutive term of five years. The information was shared via a regulatory filing submitted to BSE Limited, detailing the Board's decision taken during its recent meeting.

Board Meeting Details

The Board of Directors convened a meeting on Wednesday, May 6, 2026, to discuss various matters, including the tenure of Independent Directors. The meeting commenced at 3.00 P.M. and concluded at 4.15 P.M. During this session, the Board officially noted that Mrs. Gita Bawa would step down upon the conclusion of her current term. The company has confirmed that this cessation is strictly due to the completion of her tenure and not for any other reason.

Regulatory Compliance

The disclosure was made in compliance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has also referenced the SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, regarding the specific details required for such cessation. The filing ensures that the stock exchanges and shareholders are duly informed about the change in the company's board composition.

Details of Cessation

The company provided specific particulars regarding the cessation of the director in an annexure to the filing. The table below summarizes the key details regarding Mrs. Gita Bawa's departure from the board.

Sl. No.	Particulars	Detail
1	Reason for change viz. cessation	The term of Mrs. Gita Bawa, (DIN: 00111003), independent Director of the Company, comes to an end on 29.05.2026 on completion of 2nd consecutive terms of 5 years each.
2	Date of cessation (Completion of Tenure)	29th May, 2026
3	Brief Profile (in case of appointment)	N.A.
4	Disclosure of Relationships between Directors	N.A.

The communication was signed by Rakesh Kumar Thakur, the Company Secretary & Compliance Officer, on behalf of Milkfood Limited. The company has requested the exchange to take the information on record.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.13%	-3.64%	-3.42%	-15.57%	-24.91%	-26.90%

Milkfood Limited has issued newspaper advertisements to inform investors about two important initiatives aimed at facilitating share transfers and protecting investor interests. The company published these notices in Financial Express (all India edition) and Daily Mehnat – Jalandhar on April 29, 2026.

Special Window for Physical Share Transfer

Following SEBI Circular No. SEBI/Ho/38/13/11(2)2026-MIRSD-POD/I/3750/2026 dated January 30, 2026, Milkfood Limited has opened a special window for re-lodgement of transfer requests for physical shares. This facility is available for a period of one year from February 05, 2026 to February 04, 2027.

Parameter:	Details
Window Period:	February 05, 2026 to February 04, 2027
Eligible Securities:	Physical shares sold/purchased prior to April 01, 2019
Transfer Mode:	Demat form only
Lock-in Period:	One year from registration date

The facility covers physical securities that were sold or purchased prior to April 01, 2019, including transfer requests that were previously submitted but rejected, returned, or not processed due to document deficiencies. All shares re-lodged for transfer will be processed only in demat form and will remain under lock-in for one year from the date of registration.

Eligibility Matrix for Transfer Requests

Shareholders must refer to the SEBI-prescribed matrix to determine their eligibility:

Execution Date:	Lodged Before April 01, 2019:	Original Certificate Available:	Eligible:
Before April 01, 2019	No (fresh lodgement)	No	✓
Before April 01, 2019	Yes (rejected/returned earlier)	Yes	✓
Before April 01, 2019	Yes	No	✗
Before April 01, 2019	No	No	✗

Saksham Niveshak Campaign Launch

Milkfood Limited has initiated the second 100 Days Campaign titled "Saksham Niveshak" running from April 01, 2026 to July 9, 2026. This campaign aims to help shareholders update their KYC details and claim unpaid dividends before they are transferred to the Investor Education and Protection Fund (IEPF).

Campaign Details:	Information
Campaign Name:	Saksham Niveshak
Duration:	April 01, 2026 to July 9, 2026
Purpose:	KYC updates and dividend claims
Authority:	IEPF Authority, MCA

The campaign specifically targets shareholders who have not claimed their dividends or updated their KYC and nomination details. Under the Companies Act 2013 and IEPF Rules 2016, shares with unpaid dividends for seven consecutive years are liable for transfer to IEPF.

Submission Process and Documentation

For the special transfer window, eligible shareholders must submit transfer requests along with original share certificates, transfer deeds, and requisite documents to the company's Registrar and Transfer Agent, M/s Alankit Assignments Limited. The RTA is located at 205-208, Anarkali Complex, Jhandewalan Extension, New Delhi - 110055.

Shareholders participating in the Saksham Niveshak campaign can contact the RTA at rta@alankit.com or call 011-42541958. For company-related queries, shareholders may email sect1@milfoodltd.com .

Important Compliance Requirements

The transferred securities will be mandatorily credited in demat mode only and cannot be transferred, lien-marked, or pledged during the one-year lock-in period. Shareholders holding physical shares are strongly advised to dematerialize their holdings and complete KYC formalities to avoid future complications.

Both initiatives reflect Milkfood Limited's commitment to regulatory compliance and investor protection, ensuring shareholders can maintain their investment rights while meeting current market requirements.