Sundrop Brands Limited has announced receiving a significant customs refund order worth Rs. 1,75,47,970 from customs authorities. The company informed stock exchanges about this development under regulatory disclosure requirements on March 13, 2026.

Customs Refund Details

The refund order was issued by the Office of the Deputy Commissioner of Customs, CRC-I, NS-III, JNCH on March 6, 2026. The company received the order on March 13, 2026, the same day it made the regulatory disclosure to BSE and NSE.

Regulatory Compliance

Sundrop Brands Limited made this disclosure pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company emphasized that no violations or contraventions were involved in this matter, as it represents a refund rather than any penalty or adverse action.

Financial Impact Assessment

According to the company's disclosure, the financial impact will be limited to the refund amount of Rs. 1,75,47,970. The company has stated that there will be no impact on its operations or other business activities. This refund represents a positive development for the company's cash flow and financial position.

Company Background

Sundrop Brands Limited, formerly known as Agro Tech Foods Limited, is listed on both BSE and NSE. The company maintains its registered office in Secunderabad, Telangana, and corporate office in Gurgaon, Haryana. The disclosure was signed by Kavita, Company Secretary and Compliance Officer, ensuring proper regulatory compliance.

Sundrop Brands Limited has announced the resignation of Dr. Om Prakash Manchanda as Non-Executive Independent Director, effective February 27, 2026. The resignation was communicated to stock exchanges in compliance with regulatory requirements under SEBI listing obligations.

Resignation Details

Dr. Manchanda submitted his resignation letter on February 26, 2026, citing enhanced professional commitments as the primary reason for his departure. In his resignation letter, he stated that these commitments would not permit him to devote adequate time and attention to the affairs of the board and its committees.

Committee Positions

As a consequence of his resignation from the board, Dr. Manchanda will also step down from his positions on multiple board committees where he served as a member:

• Audit Committee
• Nomination & Remuneration Committee
• Stakeholders Relationship Committee
• Risk Management Committee
• Corporate Social Responsibility Committee

Board's Acknowledgment

The board of directors has placed on record its sincere appreciation for Dr. Manchanda's valuable contributions and guidance during his tenure as an Independent Director. The company confirmed that Dr. Manchanda stated in his resignation letter that there are no other material reasons for his resignation beyond the enhanced professional commitments mentioned.

Other Directorships

According to the regulatory disclosure, Dr. Manchanda currently holds directorships in other listed entities:

Regulatory Compliance

The resignation was disclosed in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The company has requested the stock exchanges to take this information on record and will file the necessary statutory forms as required.