Chatha Foods Limited announced the outcome of its board meeting held on March 11, 2026, regarding significant governance changes including director appointment and committee reconstitution. The company made strategic appointments to strengthen its leadership structure and ensure regulatory compliance.

Board Appointment and Director Details

The board approved the appointment of Ms. Divya Babel (DIN: 11590210) as an Additional Director in the capacity of Non-Executive Independent Director for a period of 5 years with effect from March 11, 2026. The appointment is subject to approval by shareholders at the company's ensuing Annual General Meeting.

Ms. Babel is a seasoned finance professional with over 10 years of experience in financial operations, taxation, compliance, and business consulting. She is a qualified Chartered Accountant with a Postgraduate Certification from IIM Indore. Her expertise spans financial reporting under IFRS, Ind AS, and US GAAP, treasury management, budgeting, and MIS reporting. She has proven experience in fundraising, investor reporting, project finance, and implementing SOPs and ESOP structures. The appointment addresses the vacancy caused by the resignation of Mr. Sanjiv Swarup, Non-Executive Independent Director.

Committee Reconstitution

The board approved the reconstitution of the Nomination and Remuneration Committee with effect from March 11, 2026. The new committee composition includes three independent directors:

Senior Management Changes

The board approved a change in designation for Mrs. Rachna Singh Chaudhry from Corporate Human Resource to Chief Human Resource Officer (CHRO), designated as Senior Management Personnel of the Company, effective March 11, 2026.

Mrs. Chaudhry brings over two decades of extensive experience in strategic HR leadership, organizational development, industrial relations, and corporate HR operations across diverse industries including pharmaceuticals, biotechnology, and engineering. She has demonstrated expertise in designing comprehensive HR strategies, talent acquisition, performance management, employee engagement, and compliance management. Her previous roles include Head – HR at Theon Pharmaceuticals Ltd. and senior HR leadership positions with Kwality Pharmaceuticals Ltd. and Centogene India.

Regulatory Compliance and Disclosures

The company confirmed that Ms. Babel is not related to promoters or promoter group and fulfills independence criteria under the Companies Act, 2013 and Listing Regulations. The newly appointed director is not debarred from holding directorship by SEBI or any other authority. All disclosures have been made in accordance with Schedule III of the Listing Regulations and SEBI Master Circular dated January 30, 2026. The intimation has been uploaded on the company's website at https://cfpl.net.in/ .

Chatha Foods Limited has submitted the revised transcript of its conference call held on February 26, 2026, to BSE Limited on March 3, 2026, under SEBI Regulation 30. The comprehensive knowledge session, hosted by Go India Advisors, featured detailed discussions on the company's expansion strategy, financial projections, and operational roadmap through FY29.

Management Participation and Leadership

The conference call was led by Managing Director Mr. Paramjit Singh Chatha, who brings over 25 years of experience in the frozen and ready-to-eat processed food industry, alongside Chief Financial Officer Mr. Vishal Sirmauria, who has been with the company for over a decade. The session provided extensive insights into the company's three-facility expansion plan and multi-year growth strategy.

Comprehensive Revenue Projections Through FY29

Management provided detailed multi-year revenue guidance across all three manufacturing facilities, outlining a clear path to ₹550+ crores by FY29:

FY27 Revenue Breakdown by Facility

Multi-Year Revenue Trajectory

Margin Structure and Profitability Framework

The management outlined differentiated margin profiles across product categories, with enhanced margins from new facilities:

Gross Margin by Product Category

PAT Margin Progression Timeline

Operational Metrics and Facility Status

During the call, management provided current operational status and near-term targets for all three facilities:

Strategic Partnerships and Export Markets

The company highlighted its long-standing relationships with major QSR chains, including a 23-year partnership with Subway since 2003. Through the Allana joint venture, the company is targeting international markets across 85 countries, with samples already sent to Singapore, Vietnam, Kuwait, Iraq, and Senegal.

Certification and Compliance Status

Working Capital and Financial Management

Management confirmed maintaining optimal working capital cycles across operations:

The revised conference call transcript provides comprehensive insights into Chatha Foods' ambitious expansion strategy, with clear financial targets and operational milestones through FY29, positioning the company for substantial growth in the processed and frozen food segment.