Vandan foods Limited has successfully completed the appointment of Mr. Rakeshkumar Rameshbhai Patel as Managing Director through a postal ballot process, with the company filing official voting results with BSE Limited on March 28, 2026. The appointment received overwhelming shareholder support, demonstrating strong confidence in the new leadership.

Regulatory Filing and Compliance

The company submitted its disclosure under Regulation 30 and 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 to BSE Limited. The filing included comprehensive voting results and the scrutinizer's report prepared by B. S. Vyas & Associates, Practicing Company Secretaries.

Voting Results and Shareholder Participation

The postal ballot results revealed exceptional shareholder support for the appointment, with the resolution passing by an overwhelming majority. The voting process was conducted entirely through electronic means, with Bigshare Services Private Limited providing the remote e-voting facility.

Scrutinizer Report and Process Validation

Bhargav Vyas, Proprietor of B. S. Vyas & Associates (COP No. 26078, UDIN: A046392G004129438), served as the appointed scrutinizer and confirmed that all regulatory requirements were met during the voting process. The scrutinizer's report validated the fairness and transparency of the entire postal ballot procedure.

Key process highlights included:

• Electronic dispatch of postal ballot notices to registered email addresses
• Advertisement publication in Financial Express on February 26, 2026
• Vote unblocking conducted on March 28, 2026, with independent witnesses
• Compliance with Section 110 of the Companies Act, 2013

Transparency and Stakeholder Communication

The voting results excluded votes cast by the appointee director and his relatives from the Promoter and Promoter Group, totaling 5568800 equity shares representing 66.42% of the total paid-up share capital. This exclusion ensured complete transparency due to their direct interest in the resolution.

The company has made all voting results and the scrutinizer's report available on its website at www.vandanfoods.in , maintaining full transparency with stakeholders. The successful completion enables the company to proceed with the formal appointment under the approved remuneration terms.

Vandan Foods Limited has announced a postal ballot notice for seeking shareholder approval on the appointment of Mr. Rakeshkumar Rameshbhai Patel as Managing Director of the company. The notice, dated February 25, 2026, outlines the e-voting process and key details of the proposed appointment.

E-Voting Schedule and Process

The company has established a comprehensive e-voting framework for shareholders to participate in the decision-making process. The remote e-voting facility will be available through National Security Depository Limited (NSDL) services.

The postal ballot notice is being circulated electronically to members who have registered their email addresses with their depository participants or the company's Registrar and Share Transfer Agent. M/s. B. S. Vyas & Associates (COP: 26078), Practicing Company Secretaries, have been appointed as the Scrutinizer for conducting the postal ballot process.

Proposed Managing Director Appointment

The special resolution seeks approval for the change in designation of Mr. Rakeshkumar Rameshbhai Patel (DIN: 10141844) from Non-Executive Director and Chairman to Managing Director. The appointment represents a significant leadership transition for the company.

Consequent to his appointment as Managing Director, Mr. Patel has relinquished his position as Chairman of the Board of Directors with effect from the close of business hours on February 11, 2026.

Director Profile and Shareholding

Mr. Rakeshkumar Rameshbhai Patel brings significant experience to the Managing Director role. As the founder and promoter of the business, he has been instrumental in the company's operations since incorporation.

The Board considers the proposed appointment and remuneration structure essential for the company's strategic growth and operational efficiency.

Company Performance Context

The appointment comes against the backdrop of strong financial performance. For the financial year ended March 31, 2025, the company achieved total revenue of ₹10819.77 Lakhs compared to ₹4873.04 Lakhs in the previous year. Profit after tax stood at ₹690.70 Lakhs, demonstrating sound financial management and operational efficiency.

Regulatory Compliance

The postal ballot process complies with Section 110 of the Companies Act, 2013, and related rules, along with SEBI Listing Regulations. The resolution requires approval as a special resolution due to the related party transaction nature of the appointment and potential remuneration exceeding Schedule V limits during periods of inadequate profits.

Shareholders can access the complete postal ballot notice on the company's website, BSE website, and Bigshare Services Limited platform. The voting process is restricted to electronic voting only, with no physical postal ballot forms being distributed.