Piccadily Agro Industries Limited has successfully completed its ₹211.99 crore fundraising through the conversion of 28.49 lakh Compulsorily Convertible Debentures (CCDs) into equity shares, with the newly issued shares now officially listed and trading on both NSE and BSE from December 26, 2025.

CCD Conversion Details

The conversion process involved transforming CCDs into equity shares at a predetermined price, marking a significant milestone in the company's capital structure enhancement.

Official Listing and Trading Approval

Following regulatory compliance, both NSE and BSE granted trading approval on December 24, 2025, with the shares commencing trading from December 26, 2025. The listing was executed under preferential basis pursuant to the conversion of compulsory convertible debentures.

Impact on Share Capital Structure

The conversion has substantially increased the company's equity base and paid-up capital:

Major Allottees and Investor Participation

Authum Investment and Infrastructure Limited emerged as the largest participant, receiving 4,03,225 shares worth approximately ₹30 crore. Other significant allottees included Discovery Global Opportunity (Mauritius) Ltd with 3,49,462 shares, Alchemy Emerging Leaders of Tomorrow with 2,35,215 shares, and individual investors Lashit Sanghvi and Neha L Sanghvi, each receiving 2,15,053 shares.

Regulatory Compliance and Share Rights

The entire process was conducted in accordance with SEBI regulations and the Postal Ballot dated July 30, 2024. The newly allotted equity shares carry full voting and dividend rights, ranking pari-passu with existing equity shares in all respects.

Strategic Implications

This successful conversion and subsequent listing demonstrates strong investor confidence in Piccadily Agro's business prospects. The ₹211.99 crore capital infusion strengthens the company's financial position and provides resources for operational expansion and growth initiatives in the agro-industry sector.

Piccadily Agro Industries Limited has announced a key senior management appointment, bringing aboard an experienced human resources leader to strengthen its organizational capabilities.

New Chief Human Resources Officer Appointed

The company has appointed Mr. Madabosi Sreenivasan Venkatesh as Chief Human Resources Officer, effective December 17, 2025. This appointment brings over 33 years of HR leadership experience to the organization.

Extensive Professional Background

Mr. Venkatesh brings over 33 years of extensive HR leadership experience to his new role. He holds an MSW and Management graduate degree, providing him with strong academic credentials to complement his practical experience. His professional journey began in 1992 as a Management Trainee and Assistant Factory Personnel Manager, demonstrating a comprehensive understanding of HR operations from ground level.

In his most recent assignment, Mr. Venkatesh served as Chief Human Resources Officer at a food and beverages company, where he led enterprise-wide people, culture, and transformation initiatives. This experience in the food and beverages sector aligns well with Piccadily Agro Industries' business operations.

Areas of Expertise and Academic Contributions

Mr. Venkatesh's professional expertise encompasses several critical areas of human resources management:

• Organization transformation and effectiveness
• Talent management and performance management systems
• Rewards and compensation frameworks
• Leadership development programs
• Strategic HR alignment with business objectives

Beyond his corporate responsibilities, Mr. Venkatesh actively contributes to management education as a Visiting Faculty with prestigious institutions including MDI Gurgaon, SOIL Gurgaon, and other premier management institutes. His academic involvement focuses on leadership development and HR capability building, demonstrating his commitment to knowledge sharing and industry development.

Track Record of Organizational Impact

Over the past decade, Mr. Venkatesh has demonstrated significant impact in various organizational initiatives. His accomplishments include building performance-driven cultures, implementing pay-for-performance frameworks, and improving overall productivity across organizations. He has successfully institutionalized policies and processes while strengthening employee engagement levels.

Strategic HR Leadership Approach

Mr. Venkatesh's leadership philosophy centers on aligning HR strategy with business growth and shareholder value creation. His approach emphasizes disciplined, ROI-focused people practices that directly contribute to organizational success. This strategic perspective positions him well to support Piccadily Agro Industries' growth objectives and operational excellence initiatives.

The appointment reflects the company's commitment to strengthening its senior management team with experienced professionals who can drive organizational transformation and support business expansion plans.