Piccadily Agro Industries Limited has appointed statutory auditors to fill a casual vacancy and determine their remuneration following a postal ballot process. The resolution received overwhelming approval from shareholders, with 99.86% of valid votes cast in favour. This appointment ensures the company maintains its statutory audit compliance.

The postal ballot notice was dated April 28, 2026, and dispatched to members whose names appeared in the register of members as on the cut-off date of May 15, 2026. The e-voting facility was provided to shareholders, allowing them to vote remotely on the proposed resolution.

The e-voting period was open from May 20, 2026, at 9:00 A.M. to June 18, 2026, at 5:00 P.M. Prince Chadha, Practicing Company Secretary and proprietor of P. Chadha & Associates, was appointed as the scrutinizer to oversee the process and ascertain the requisite majority.

The results of the voting, compiled from the e-voting website of National Securities Depository Limited, indicate a strong mandate from the shareholders. A total of 198 members participated in the voting process.

Voting Results Summary

The votes were unblocked on June 18, 2026, at 5:02 P.M. in the presence of two witnesses not employed by the company. The scrutinizer's report confirms that the resolution was passed with the required majority. The voting records will be sealed and handed over to the authorized representative of the Board for safekeeping.

Piccadily Agro Industries announced on June 4, 2026, the launch of Indri Ilika, a new travel retail exclusive expression from its Indri Single Malt Indian Whisky brand. The product is designed to celebrate the art of subtle peat and layered complexity, targeting discerning global travellers. This strategic move aims to strengthen the company's footprint in the international travel retail market, leveraging the brand's reputation as the world's fastest-growing single malt whisky.

Crafted at the Indri Distillery near the foothills of the Himalayas, Indri Ilika is matured in a rare combination of Ex-Spanish Sherry and Ex-American Bourbon oak casks. The whisky offers a balance of tropical fruit richness, gentle smokiness, and depth. Available exclusively through select global travel retail channels, Indri Ilika will retail at approximately USD 80.

Madhu Kanna, Head of International Business at Piccadily Distilleries, stated that the launch represents the company's continued pursuit of innovation and commitment to creating exceptional whiskies for evolving global consumers. He emphasized that travel retail remains a crucial platform for discovery and that Indri Ilika showcases both the elegance of peat and the distinctive character of Indian single malt whisky.

Brand Performance and Recognition

Since its inception, Indri has surpassed the landmark 100,000-case sales milestone for two consecutive years. The brand has secured top honours at prestigious competitions, including the World Whiskies Awards, Whiskies of the World Awards, International Whisky Competition, and Tokyo Whisky & Spirits Competition.

Tasting Profile

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE546C01010/df2086e504b44f17.pdf