Source Natural Foods appointed Executive Director Tejagna K. Katpitia as Chief Financial Officer effective September 3, 2026. The company also scheduled its annual general meeting for September 30, 2026.

The Board of Directors approved the appointment based on recommendations from the Nomination and Remuneration Committee and the Audit Committee. Mr. Katpitia will continue to serve as Executive Director while discharging CFO responsibilities as a Key Managerial Personnel.

Leadership Profile

Mr. Katpitia brings over 25 years of experience in financial management and business operations. He has served as a Whole Time Director since September 2017. During his tenure, the company’s revenue grew from approximately ₹19.8 crore in FY23 to ₹45 crore in FY25, representing over 127% growth in three years.

His expertise includes financial planning, P&L management, working capital optimization, and regulatory compliance under the Companies Act 2013 and SEBI LODR 2015. He also possesses specific knowledge of FMCG and natural products sector compliance, including GMP, AYUSH, and USDA Organic standards.

Auditor Appointment

The board approved M/s. K B Nambiar & Associates as statutory auditors for five consecutive years, from FY27 to FY31. This replaces retiring auditors M/s. Srinaga & Giridharan, whose term expires at the ensuing AGM. The appointment is subject to member approval.

AGM Details

The 31st Annual General Meeting will be held via video conference on September 30, 2026, at 11:30 am. The e-voting period runs from September 27, 2026, at 9:00 am to September 29, 2026, at 5:00 pm. CS Kirana K R is appointed as scrutinizer.

The Register of Members and Share Transfer Books will remain closed from September 24, 2026, to September 30, 2026, for determining eligibility to attend the AGM.

Source Natural Foods & Herbal Supplements Limited has moved into the renewable energy sector by approving the incorporation of a wholly owned subsidiary. The Board of Directors, in its meeting held on August 10, 2026, authorized the Managing Director to take all necessary steps for the formation of the new entity.

The proposed subsidiary, named SN Solar Mangaluru Private Limited (or such other name as approved by the Registrar of Companies), will be incorporated in India. The Managing Director approved proceeding with the incorporation on August 12, 2026. The company stated that the incorporation process, including name reservation and statutory filings with the Ministry of Corporate Affairs, is currently underway.

Strategic Focus

The new entity belongs to the green or renewable energy industry. Its primary line of business involves developing, implementing, owning, operating, and maintaining grid-connected Solar PV power projects. This marks a diversification from the parent company’s core business in natural foods and herbal supplements.

Transaction Details

The listed entity will hold 100% shareholding in the new subsidiary. The subscription of shares will be made via cash consideration at face value. No specific cost of subscription or indicative time period for completion was disclosed, other than noting that the process is subject to receipt of approvals from statutory and regulatory authorities.

The company issued the intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.