Milkfood Limited shareholders approved all three resolutions proposed at the 53rd Annual General Meeting held on September 24, 2026. The voting results, submitted to BSE on September 25, 2026, confirm the re-appointment of Harmesh Mohan Sood and the adoption of FY26 financials.

The company filed the scrutinizer’s report pursuant to Regulation 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. All resolutions were passed with the requisite majority, with negligible votes cast against in any category.

Voting outcome details

The meeting saw participation from 85 shareholders present in person or through proxy. Promoters and promoter group members voted on 13,660,096 shares, while public shareholders voted on 8,006,443 shares for the first resolution. The total number of shareholders as on the record date was 10,524.

Director re-appointment specifics

Harmesh Mohan Sood, aged 78 years, was re-appointed as a Non-Executive Non-Independent Director under a special resolution. He retired by rotation and offered himself for re-appointment. His Director Identification Number is recorded as 07951620. The special resolution received 2,16,30,897 votes in favour against just 562 votes against.

The board composition present included Sudhir Avasthi as Managing Director and Chairman, along with independent directors Anil Girotra and Jyotsna Bhatnagar. Preeti Mathur served as Chairperson of the Stakeholders Relationship Committee.

Procedural compliance

Kamlesh Gupta, a practicing company secretary, served as the scrutinizer. The remote e-voting facility was active from September 21, 2026, to September 23, 2026. Physical ballot voting was conducted at the registered office in Bahadurgarh, Punjab, during the meeting which concluded at 9:25 am.

The results were also displayed on the company’s website and the Central Depository Services (India) Limited e-voting portal. Statutory registers were open for inspection by members during the session.

Milkfood Limited allotted 22,00,000 convertible warrants on a preferential basis at ₹30 per warrant during its board meeting held on September 7, 2026. The allotment was made to two non-promoter investors following shareholder approval in July.

The company received the initial subscription amount of ₹7.50 per warrant, representing 25% of the issue price. The allottees must pay the balance 75% within 18 months to convert the warrants into equity shares. Until conversion, the paid-up share capital remains unchanged.

Allotment Details

The warrants were allotted to individuals belonging to the Non-Promoter/Public Category. Both allottees received an equal number of warrants.

The board had initially approved the preferential issue on June 30, 2026. Shareholders approved the move via a special resolution at the Extra-ordinary General Meeting held on July 27, 2026. The Bombay Stock Exchange granted in-principle approval on August 25, 2026.

Conversion and Lock-in

Each warrant entitles the holder to subscribe to one equity share upon payment of the remaining issue price. The warrants are subject to lock-in periods as prescribed under Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

The board meeting commenced at 11:00 am and concluded at 12:00 pm. Rakesh Kumar Thakur, Company Secretary and Compliance Officer, signed the disclosure.