Vadilal Dairy International Limited appointed Neha Kulkarni as its Company Secretary and Compliance Officer. The appointment took effect on September 15, 2026.

The Board of Directors approved the decision during a meeting held at the company’s registered office in Tarapur, Maharashtra. The meeting commenced at 2:00 pm and concluded at 2:30 pm on the same day.

Appointment Details

Ms. Kulkarni, who holds membership number A55632, joins as a Key Managerial Personnel (KMP). The filing notes that her term of appointment is not applicable, indicating an indefinite tenure subject to standard regulatory provisions.

Ms. Kulkarni brings experience in corporate secretarial functions, securities-law compliance, and corporate governance. Public filings identify her as having served as Company Secretary and Compliance Officer of a listed company since June 2021. Her responsibilities have included ensuring compliance with the Companies Act, SEBI regulations, and stock-exchange requirements.

Regulatory Compliance

The appointment aligns with SEBI Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026. The company disclosed the details in Annexure A to the exchange letter.

Shailesh Gandhi, Managing Director of Vadilal Dairy International Limited, signed the disclosure. The company’s Corporate Relations department submitted the outcome to the Bombay Stock Exchange Limited.

Vadilal Dairy International Limited reported a net loss of ₹67.91 lakh for the fiscal year ended March 31, 2026, a significant improvement from the ₹88.87 lakh loss recorded in FY25. The dairy manufacturer is scheduled to hold its 39th Annual General Meeting on September 29, 2026, at 3:30 pm via video conferencing.

The meeting aims to adopt the audited financial statements and transact other business items. Shareholders on record as of September 21, 2026, are eligible to vote. The facility for remote e-voting is provided by NSDL, with the voting period running from September 26 to September 28, 2026.

Financial Performance

Revenue from operations fell to ₹2,417.13 lakh in FY26 compared to ₹2,662.65 lakh in the previous year. Despite the top-line contraction, the company managed to reduce its operational losses. Profit before depreciation and financial charges rose slightly to ₹117.71 lakh from ₹110.33 lakh in FY25.

Depreciation and amortization expenses decreased to ₹166.25 lakh from ₹175.26 lakh, while finance costs declined marginally to ₹37.03 lakh from ₹39.31 lakh. These cost efficiencies contributed to the narrowed loss before tax, which stood at ₹85.57 lakh versus ₹104.24 lakh in the prior year.

What the Numbers Show

A critical divergence exists between the company's declining operational revenue and its rising working capital requirements. Trade receivables surged by over 34% to ₹552.50 lakh from ₹410.42 lakh, while inventories increased by 13% to ₹948.34 lakh. This accumulation of assets occurred alongside a cash outflow from operating activities of ₹315.58 lakh, signaling potential pressure on liquidity and collection cycles despite the reduction in net loss.

Corporate Governance Updates

The Board has recommended the appointment of M/s. Chaturvedi Sohan & Co., Chartered Accountants, as Joint Statutory Auditors for a one-year term commencing from the conclusion of the AGM. They will work alongside the existing statutory auditors, M/s. P V M & Co., Chartered Accountants.

Mr. Rahil Gandhi, Whole-time Director, retires by rotation and offers himself for re-appointment. He holds 27,930 shares in the company and has 18 years of experience in the dairy and ice-cream industry. The company did not declare any dividend for FY26, citing the need to conserve resources for future growth.

The register of members will remain closed from September 22 to September 29, 2026. Shareholders holding securities in physical mode are reminded to update KYC details pursuant to SEBI Master Circular No. SEBI/HO/MIRSD/POD-1/P/CIR/2024/37 dated May 7, 2024.