RKD Agri & Retail Limited has announced the completion of its independent directors meeting held on March 25, 2026, in compliance with regulatory disclosure requirements. The meeting represents a key governance milestone for the company, formerly known as Himalchuli Food Products Limited.

Meeting Overview and Timeline

The independent directors convened their regulatory meeting with specific timing parameters to ensure comprehensive board evaluation. The structured approach demonstrates the company's commitment to corporate governance standards.

Key Agenda Items Addressed

The independent directors focused on three critical areas of board governance during their session. These agenda items align with regulatory requirements for independent director evaluations and board oversight responsibilities.

The meeting agenda encompassed:

• Review of performance of non-independent directors and the board as a whole
• Evaluation of the chairman's performance, incorporating perspectives from both executive and non-executive directors
• Assessment of information flow quality, quantity, and timeliness between company management and the board

Governance and Information Flow Assessment

A significant portion of the meeting was dedicated to evaluating the effectiveness of communication channels between management and the board. The independent directors assessed whether the information flow enables the board to perform their duties effectively and reasonably.

This evaluation process ensures that board members receive adequate, timely, and relevant information necessary for informed decision-making and effective oversight of company operations.

Company Information

RKD Agri & Retail Limited operates from its registered office at 52 Rayfreda Building, Junction of Mahakali Caves Holy Family Church, Chakala MIDC, Mumbai 400093. The company, incorporated in 1986 with CIN L15400MH1986PLC316001, maintains its corporate website at www.hfpltd.in .

The meeting disclosure was signed by Nilesh Savla, Managing Director (DIN: 05354691), confirming the completion of the independent directors' regulatory meeting and compliance with BSE disclosure requirements.

RKD Agri & Retail Limited (formerly known as Himalchuli Food Products Limited) has released its unaudited financial results for the first quarter of the fiscal year 2025-2026, revealing a significant shift in its financial performance. The company's board approved these results in a meeting held on August 14, 2025.

Financial Performance

The company reported a net loss of Rs 10.62 lacs for the quarter ended June 30, 2025, marking a substantial decline from the profit of Rs 0.36 lacs recorded in the same quarter of the previous year. This downturn in profitability comes despite relatively stable revenue from operations, which stood at Rs 44.24 lacs compared to Rs 44.50 lacs in the corresponding quarter last year.

A closer look at the financial results reveals:

The company's expenses saw a significant increase, particularly in purchases of stock-in-trade, which rose to Rs 72.17 lacs from Rs 37.76 lacs in the same quarter last year. This increase was partially offset by changes in inventories.

Annual General Meeting

In the same board meeting, RKD Agri & Retail Limited set the date for its Annual General Meeting (AGM) for the financial year 2024-2025. The AGM is scheduled for September 19, 2025, at 11:30 AM and will be held at the company's Mumbai office located at 52 Rayfreda Building, Junction of Mahakali Caves Road & Holy Family Church, Chakala, Andheri East, Mumbai – 400093.

Fund Utilization

The company had previously raised Rs 5.42 crores through a public issue. As of the quarter ended June 30, 2025, Rs 5.36 crores of these funds have been utilized. The primary uses of these funds were for working capital requirements and loan repayment, aligning with the company's stated objectives of supporting growth plans, meeting working capital needs, repaying loans, and general corporate purposes.

It's worth noting that there was a small discrepancy in the fund utilization, with Rs 4,12,500 of warrant allotment money not received. However, Rs 1,37,500 was received and subsequently forfeited.

Outlook

While the company faces challenges with its current financial performance, showing losses in both the current and preceding quarters, it continues to focus on its core operations. The stable revenue figures suggest that RKD Agri & Retail Limited is maintaining its market presence despite the profitability issues.

Investors and stakeholders will likely be looking forward to the upcoming AGM for more insights into the company's strategies to address the recent financial downturn and plans for future growth.