Modern Dairies Ltd has announced the closure of its trading window effective October 1, 2026. This measure is implemented in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the company's second quarter fiscal year 2027 financial results.

The restriction applies to all Designated Persons of the company and their immediate relatives. They are prohibited from dealing in the securities of Modern Dairies until forty-eight hours after the un-audited financial results for the quarter ending September 30, 2026, are declared to the stock exchanges.

Compliance and Timeline

The decision follows the company's Code of Conduct for Prevention of Insider Trading and a clarification issued by BSE Limited dated April 2, 2019. The trading window remains closed during this sensitive period to prevent potential misuse of unpublished price-sensitive information.

The date of the Board Meeting for the declaration of these un-audited financial results will be intimated to the exchanges in due course. The filing was signed by Shruti Joshi, Company Secretary and Compliance Officer, on September 28, 2026.

Modern Dairies Limited shareholders approved all six resolutions proposed at the 34th Annual General Meeting held on September 26, 2026. The company submitted the consolidated scrutinizer's report to BSE on September 28, 2026, confirming that each resolution passed with 99.99% of valid votes cast in favor.

The meeting, conducted via video conferencing, ratified the audited financial statements for the fiscal year ended March 31, 2026. Voting was conducted through remote e-voting from September 23 to September 25, 2026, and via e-voting during the meeting. Mr. Rajeev Kumar Sanger of Sanger & Associates served as the scrutinizer.

Key Resolutions Approved

Shareholders passed several ordinary and special business items outlined in the notice of the meeting:

• Adoption of Financial Statements: Approval of the audited financial statements for FY26 along with the Directors' and Auditors' reports.
• Director Reappointment: Appointment of Ashwani Kumar Aggarwal (DIN: 00486430) as a director in place of himself, who retired by rotation and offered himself for reappointment.
• Auditor Appointment: Appointment of Sanjeev Sharma & Associates, Chartered Accountants (Firm Registration No. 12326N), as statutory auditors for a period of one year.
• Cost Auditor Remuneration: Ratification of the remuneration for cost auditors for the financial year ending March 31, 2027.
• Related Party Transactions: Approval of material related party transactions with Nabha Commerce Private Limited.
• Executive Director Reappointment: Reappointment of Ashwani Kumar Aggarwal as Executive Director (Whole-Time Director) for a period of three years.

Voting Results Breakdown

The scrutinizer's report details the voting patterns for each resolution. For Resolutions 1 through 5, 150 members voted in favor with 17,240,690 votes, representing 99.99% of the total valid votes cast. Only 7 members voted against these resolutions, casting a total of 26 votes (0.01%). No invalid votes were recorded for these items.

Resolution 6, concerning the reappointment of Ashwani Kumar Aggarwal as Executive Director, saw slightly different participation. 149 members voted in favor with 17,239,990 votes (99.99%), while 8 members voted against with 726 votes (0.01%). The resolution was declared passed as the number of votes in favor exceeded those against.

Leadership and Auditor Details

The re-appointment of Ashwani Kumar Aggarwal extends his tenure as Executive and Whole-Time Director for three years starting September 26, 2026. Mr. Aggarwal is a Dairy Technologist with over three decades of technical and commercial experience. He has been associated with the company since its inception and possesses in-depth knowledge of international dairy business.

The newly appointed statutory auditors, M/s. Sanjeev Sharma & Associates, will hold office from the conclusion of this AGM until the conclusion of the AGM to be held in 2027. The firm, established in 1993, is registered with the ICAI, C&AG, and RBI. It specializes in statutory, concurrent, revenue, stock, and internal audits, along with GST consultancy and income tax advisory. The firm has previously served prominent entities including State Bank of India, Punjab National Bank, UCO Bank, Punjab & Sind Bank, Union Bank of India, Central Bank of India, Canara Bank, India Optel Limited, Haryana Tourism Corporation Limited, HSSIDC, NIELIT, CITCO, and Haryana State Warehousing Corporation.

Meeting Proceedings

The meeting commenced at 11:00 am with 68 shareholders present through video conferencing. Krishan Kumar Goyal, Chairman and Managing Director, chaired the proceedings. Other attendees included Directors Prof. Sanjay Kaushik, Prof. Meena Sharma, and Dr. Surinder Kumar. Shruti Joshi served as the Company Secretary and Compliance Officer.

The results of the e-voting were announced following the submission of the scrutinizer's report. These results have been intimated to stock exchanges and displayed on the company's website and NSDL's website. The meeting concluded at 11:38 am.