ADF Foods Limited has announced the resignation of a key senior management personnel, with the departure set to take effect at the end of February 2026. The company made the disclosure in compliance with regulatory requirements under SEBI listing obligations.

Senior Management Personnel Departure

Mr. Jeetendra Joshi, who served as General Manager - Supply Chain and was designated as Senior Management Personnel of the company, has tendered his resignation effective from the closure of business hours on February 28, 2026. The resignation was submitted to pursue new opportunities and challenges in his career.

Operational Continuity Assured

The company has provided assurance regarding the continuity of its supply chain operations following this personnel change. ADF Foods confirmed that supply chain operations will continue to run smoothly and remain unaffected by Jeetendra Joshi's departure. This statement aims to address any potential concerns about operational disruption.

Regulatory Compliance

The resignation disclosure was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that there is no other material reason for the resignation beyond the stated reason of pursuing new opportunities.

Documentation and Formal Process

The company has submitted the required documentation to stock exchanges, including the National Stock Exchange of India Limited and BSE Limited. The formal resignation letter from Jeetendra Joshi was attached as part of the regulatory filing, along with detailed disclosures as required under the listing regulations.

In his resignation letter, Jeetendra Joshi expressed gratitude to team members for their cooperation and support during his tenure and wished ADF Foods continued success in the future.

ADF Foods Limited has announced a significant step towards sustainable operations by entering into a 25-year Power Purchase Agreement with Fourth Partner Energy Limited. The agreement will enable the company to procure 2 MW hybrid renewable power for its manufacturing facility at Nadiad, Gujarat.

Power Purchase Agreement Details

The comprehensive agreement encompasses several key aspects that will transform ADF's energy consumption profile:

Hybrid Renewable Energy Model

The hybrid model combining wind and solar generation will ensure a reliable and sustainable supply of renewable energy to the company's manufacturing operations. Under this agreement, ADF will source a significant portion of its overall power requirements from renewable energy once the project becomes operational.

Management Commentary

Chairman & Managing Director and CEO Bimal Thakkar highlighted the strategic importance of this partnership, stating that it underscores the company's strong commitment to sustainable growth by integrating hybrid renewable energy solutions into operations. He emphasized that the company is taking meaningful steps toward reducing its carbon footprint and enhancing long-term operational efficiency.

Thakkar noted that this initiative aligns with India's net-zero vision of 2070 and reinforces the company's responsibility as a global food company to operate in an environmentally responsible and future-ready manner. In addition to environmental benefits, the agreement is expected to deliver sustainable cost efficiencies in electricity consumption over the long term, strengthening resilience of operations.

ESG and Sustainability Impact

This initiative will further enhance ADF's overall ESG framework and CSR profile by demonstrating a proactive commitment to renewable energy adoption and responsible manufacturing practices. The move represents a strategic alignment with global sustainability trends and regulatory expectations for corporate environmental responsibility.

Company Profile

ADF Foods Limited is a consumer-focused company and leading manufacturer of prepared ethnic foods, offering frozen foods, ready-to-eat items, ready-to-cook items, sauces, pickles, pastes and dips under its 5 prominent brands. The company's products are available in 55+ countries through a strong distribution network across US, Canada, Europe, Australia, Asia and Middle East.