Sundrop Brands Limited, formerly known as Agro Tech Foods Limited, has released its unaudited financial results for the quarter and half-year ended September 30, 2025, along with several corporate updates.

Financial Performance

For the quarter ended September 30, 2025, Sundrop Brands reported:

• Consolidated revenue from operations of ₹383.30 crore, compared to ₹205.64 crore in the same quarter last year
• Profit before tax of ₹5.60 crore, up from ₹0.23 crore in Q2 FY2025

The company's consolidated half-year results showed:

• Revenue from operations of ₹755.42 crore, compared to ₹386.70 crore in H1 FY2025
• Profit before tax of ₹1.77 crore, up from ₹0.49 crore in the previous year's first half

Leadership Changes

The Board of Directors has accepted the resignation of Ms. Jyoti Chawla from her position as Company Secretary and Compliance Officer, effective November 27, 2025. Ms. Kavita has been appointed as her replacement, taking on the roles of Company Secretary, Compliance Officer, and Nodal Officer, effective November 28, 2025.

Ms. Kavita brings over 14 years of experience in the FMCG sector, having worked with organizations such as Del Monte Foods Group, Walmart India, and Tata Consumer Products. Her expertise spans corporate secretarial duties, legal and regulatory compliances, M&A, governance, and contract management.

Employee Stock Option Plan Update

The Nomination and Remuneration Committee has approved the cancellation of 11,500 employee stock options that were originally granted on June 7, 2025, under the Agro Tech Foods Limited Employees Stock Option Plan, 2024. These cancelled options will be available for re-grant under the ESOP scheme.

Additional Notes

• The company's consolidated financial results now include Del Monte Foods Private Limited (DMFPL), which was acquired on February 6, 2025. DMFPL contributed revenue of ₹162.34 crore and ₹163.56 crore for the quarters ended September 30, 2025, and June 30, 2025, respectively.
• The Group has recognized share-based payment expenses of ₹7.89 crore for the half-year ended September 30, 2025, under Employee Benefits Expense.

Sundrop Brands Limited continues to operate primarily in the "Foods" segment, as reviewed by the Chief Operating Decision Maker at an overall Group level.

Sundrop Brands Limited, a prominent player in the Indian food industry, has announced significant changes to its Board of Directors, effective September 24, 2025. The company has appointed three new directors while accepting the resignation of one, in a move that could potentially reshape its strategic direction.

New Appointments

The company has made the following appointments to its Board:

1. Mr. Velloor Venkatakrishnan Ranganathan: Appointed as a Non-Executive Non-Independent Director, Mr. Ranganathan brings over 40 years of diverse financial experience to the table. A commerce graduate and gold medalist, he is currently a member of the International Council for Commercial Arbitration and has previously served as a Senior Partner with Ernst & Young (now EY).

2. Mr. Ramit Bharti Mittal: Also appointed as a Non-Executive Non-Independent Director, Mr. Mittal is the Executive Chairman of Gourmet Investments Pvt. Ltd. His business interests span media, entertainment, and hospitality. Mr. Mittal has been instrumental in bringing international restaurant brands to India and has played a key role in establishing the Easyday retail brand.

3. Mr. Madhavan Karunakaran Menon: Appointed as a Non-Executive Independent Director for a five-year term until September 23, 2030. Mr. Menon brings extensive experience from his tenure at Thomas Cook India, where he served in various capacities including as Executive Chairman until May 2025.

Board Resignation

Simultaneously, the company announced the resignation of Mr. Harjeet Singh Kohli from his position as Non-Executive Non-Independent Director, citing personal reasons.

Appointment Process and Compliance

The appointments were approved by the Board through Circular Resolutions, based on recommendations from the Nomination and Remuneration Committee. Sundrop Brands Limited has confirmed that none of the new appointees have been debarred from holding directorship positions by SEBI or any other authority.

Shareholder Approval and Future Implications

These appointments are subject to shareholder approval, indicating that the company is following due process in its board restructuring. The diverse backgrounds of the new directors, spanning finance, hospitality, and travel sectors, suggest that Sundrop Brands may be looking to broaden its strategic outlook and potentially explore new growth avenues.

The reshuffling of the board comes at a time when many companies are focusing on strengthening their corporate governance and bringing in fresh perspectives to navigate the evolving business landscape. As Sundrop Brands Limited moves forward with its new board composition, stakeholders will be keen to observe how these changes influence the company's future direction and performance in the competitive food industry sector.