ADF Foods Limited has updated its list of Key Managerial Personnel authorized to determine materiality of events or information, following a change in its Chief Financial Officer position. The update was approved by the Board of Directors during their meeting held on February 3, 2026.

Leadership Transition Details

The update comes consequent to the cessation of Shardul Doshi as Chief Financial Officer and Key Managerial Personnel of the company with effect from December 10, 2025. The Board has now included Srinivas Ayyagari, who was appointed as the new Chief Financial Officer and Key Managerial Personnel with effect from February 3, 2026.

Updated Key Managerial Personnel List

The company has provided complete contact details for all authorized Key Managerial Personnel responsible for determining materiality under SEBI regulations:

Regulatory Compliance

This intimation has been made pursuant to Regulation 30(5) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the company's Policy on Determination of Materiality for Disclosure of Events or Information. The updated contact details will also be reflected on the company's website at www.adf-foods.com .

Communication to Stock Exchanges

The company has formally communicated this update to both the National Stock Exchange of India Limited (Symbol: ADFFOODS) and BSE Limited (Scrip Code: 519183), ensuring full compliance with listing regulations and maintaining transparency with stakeholders regarding the authorized personnel for materiality determination.

ADF Foods Limited has announced a key leadership change with the resignation of Chief Financial Officer Shardul Doshi, effective December 10, 2025. The company informed stock exchanges about this development in compliance with SEBI listing regulations.

Resignation Details

Mr. Shardul Doshi, who served as Chief Financial Officer and Key Managerial Personnel, submitted his resignation to pursue new opportunities and challenges. His tenure with the company will conclude at the close of business hours on December 10, 2025.

In his resignation letter addressed to Chairman and Managing Director Mr. Bimal Thakkar, Doshi expressed gratitude for the trust and support received during his tenure. He acknowledged the honor of serving in the leadership role and working with the company's talented team.

Company Response and Transition Plans

ADF Foods has placed on record its sincere appreciation for the services rendered by Mr. Shardul Doshi and his contributions during his tenure as CFO. The company emphasized his role in the organization's growth story and significant milestones achieved during his leadership.

The management confirmed that it is actively in the process of appointing a suitable candidate for the CFO position. The company will intimate the stock exchanges about the new appointment in due course, following proper regulatory procedures under the listing regulations.

Operational Continuity

ADF Foods has assured stakeholders that the company's finance functions will continue to run as usual during the interim period. This ensures business continuity and maintains operational efficiency while the search for a new CFO is underway.

The announcement was made in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, demonstrating the company's commitment to transparent corporate governance and timely disclosure of material information to investors and regulatory authorities.