Tasty Bite Eatables accepts Associate Director resignation

Tasty Bite Eatables has accepted the resignation of Mr. Shivhari Magar from the position of Associate Director - Corporate Affairs, effective June 5, 2026. The resignation was submitted due to personal commitments, and the company relieved him from his responsibilities at the close of working hours on the said date. The disclosure was made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company communicated the change to BSE Limited and the National Stock Exchange of India, citing Part A of Schedule III of the LODR Regulations. The resignation letter, dated May 4, 2026, was addressed to the management and requested an early relieving from duties. Mr. Magar noted that his employment terms required a 90-day notice period but sought a waiver due to compelling personal circumstances.

Details of Change

The following table outlines the specifics regarding the change in senior management personnel as per the filing:

S. No.	Details of events	Details of Change
1	Name	Mr. Shivhari Magar-Associate Director-Corporate Affairs
2	Reason for change	Personal commitment
3	Date of cessation	05 June 2026
4	Brief profile	Not Applicable
5	Disclosure of relationships	Not Applicable

The resignation was formally accepted by the company's authorized signatory, Vimal Tank, who serves as the Company Secretary & Compliance Officer. The filing confirmed that the necessary details pursuant to the change in management have been provided in Annexure-I to the exchanges.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.42%	+4.56%	+9.27%	-1.51%	-23.28%	-48.66%

Tasty Bite Eatables Limited has initiated a postal ballot process to seek shareholder approval for material related party transactions (RPTs) worth INR 8000 million for the financial year 2026-27. The company is also seeking ratification for transactions that exceeded approved limits in the previous year and a revision in remuneration for its Chairman, Mr. Rahul Bhatnagar. The e-voting period commences on June 4, 2026, and concludes on July 3, 2026.

Proposed Transactions for FY 2026-27

The Board of Directors has approved the proposal to enter into material related party transactions with three entities: Preferred Brands International Inc. (PBI), Mars Food UK Limited, and Mars Food US LLC. PBI is the holding company of Tasty Bite Eatables Limited, while Mars Food UK Limited and Mars Food US LLC are fellow subsidiaries. The transactions involve the sale of goods, services, and reimbursement of expenses.

Name of Related Party	Nature of Transaction	Approval Limit (INR in Million)
Preferred Brands International Inc.	Sale of goods and services and expenses	3000
Mars Food UK Limited	Sale of goods and services and expenses	2000
Mars Food US LLC	Sale of goods and services and expenses	3000

The proposed transaction values represent 54.68% of the company’s annual consolidated turnover for PBI and Mars Food US LLC, and 36.45% for Mars Food UK Limited, based on FY 2025-26 figures. The Audit Committee has reviewed these transactions, and a fairness opinion from an independent external consulting firm confirms they are at arm’s length.

Post Facto Approval for FY 2025-26

Shareholders are also asked to grant post facto approval for transactions with Mars Food UK Limited during FY 2025-26. The aggregate value of these transactions reached INR 648.88 million, exceeding the materiality threshold of INR 554.41 million. The excess was attributed to unexpected demand for a recently innovated product range. The Audit Committee has reviewed and recommended these transactions for ratification, supported by a fairness opinion confirming arm’s length pricing.

Revision in Director Remuneration

The company proposes to revise the remuneration of Mr. Rahul Bhatnagar, Non-Executive Independent Director and Chairman, from INR 10 Lakh to INR 20 Lakh per annum, effective from June 1, 2026. This remuneration is payable quarterly and will be considered the minimum amount payable, irrespective of the company’s profit levels. The Nomination and Remuneration Committee and the Board have approved this revision, subject to shareholder consent via a Special Resolution.

Voting Details

The remote e-voting facility is provided by KFin Technologies Limited. Members registered as of May 29, 2026, are eligible to vote. The e-voting period runs from 9:00 a.m. IST on June 4, 2026, to 5:00 p.m. IST on July 3, 2026. The results of the postal ballot will be announced on or before July 5, 2026.