Krishival Foods Limited has announced several significant decisions following its Board of Directors meeting held on August 25, 2025. The company, known for its presence in the food industry, has made important changes to its leadership and compliance structure.

Board Appointments and Regularizations

The Board has approved the regularization of two key appointments, subject to shareholder approval at the upcoming Annual General Meeting (AGM):

1. Mr. Sujit Sudhakar Bangar (DIN: 07871115) has been regularized as the Chairperson and Whole Time Director, effective from July 12, 2025.
2. Mr. Hrushikesh Moreshwar Bahekar (DIN: 11194097) has been regularized as a Non-Executive Independent Director, effective from July 16, 2025.

Changes in Secretarial Audit

In a significant move, Krishival Foods has appointed a new Secretarial Auditor:

• M/s MNB & Co., LLP, the previous Secretarial Auditor, has ceased their role due to pre-occupation.
• DSM and Associates, Company Secretaries, have been appointed as the new Secretarial Auditor for a period of five years, from FY 2025-26 to FY 2029-30, subject to shareholder approval.

DSM and Associates brings a decade of experience in corporate legal and advisory services, with expertise in serving listed and multinational companies.

Annual General Meeting and Dividend

The company has set key dates for its 11th Annual General Meeting and dividend distribution:

• AGM Date: September 25, 2025, at 4:00 PM, to be held via video conferencing.
• Record Date for Dividend: September 18, 2025
• Book Closure: September 19-21, 2025 (both days inclusive)

E-Voting Details

Shareholders can participate in e-voting as follows:

• E-voting Period: September 22, 2025 (10:00 AM) to September 24, 2025 (5:00 PM)
• Cut-off Date for Voting Eligibility: September 18, 2025
• Results Announcement: By September 26, 2025

M/s. MNB & Co. LLP, Practicing Company Secretaries, has been appointed as the Scrutinizer for the e-voting process.

Additional Board Approvals

The Board has also approved:

• Related Party Transactions (subject to shareholder approval)
• Director's Report, Corporate Governance Report, and Management Discussion and Analysis for the year ended March 31, 2025

Trading Window

In compliance with SEBI regulations, the trading window for designated persons and their immediate relatives will reopen from August 28, 2025.

These developments reflect Krishival Foods' commitment to corporate governance and shareholder engagement. The upcoming AGM will be a crucial event for shareholders to ratify these decisions and participate in the company's governance process.

Krishival Foods Limited, a prominent player in the food processing industry, has reported no deviation in the utilization of funds raised through a preferential issue for the quarter ended June 30, 2025. The company had raised Rs 64.25 crore through a preferential allotment on August 23, 2023, earmarked for working capital and general corporate purposes.

Fund Utilization Statement

In a filing with the BSE and NSE, Krishival Foods Limited provided a detailed statement on the utilization of funds. The report, signed by Company Secretary Rahul Gawande and Managing Director Aparna Morale Bangar, indicates that there has been no deviation or variation in the use of funds raised. All applicable fields in the statement were marked as 'Not Applicable' or 'Nil', confirming adherence to the original purpose of the fund raise.

Financial Performance

The company also released its unaudited standalone financial results for the quarter ended June 30, 2025:

*Not annualized

The company's revenue from operations for Q1 FY2026 stood at Rs 3,404.68 lacs, showing a year-on-year growth of 16.61% compared to Rs 2,919.73 lacs in Q1 FY2025. The profit after tax for the quarter increased by 23.54% to Rs 414.72 lacs, up from Rs 335.69 lacs in the corresponding quarter of the previous year.

Segment Performance

Krishival Foods Limited operates in two business segments: Nuts and Dry Fruits, and Ice Creams. The consolidated segment information for Q1 FY2026 reveals:

1. Nuts and Dry Fruits segment:

   • Revenue: Rs 3,388.79 lacs
   • Profit before tax and interest: Rs 611.48 lacs

2. Ice Creams segment:

   • Revenue: Rs 1,563.25 lacs
   • Profit before tax and interest: Rs 27.69 lacs

Other Key Developments

1. The company appointed Adfactors PR Private Limited as its Investor Relations Advisor effective August 12, 2025.

2. Krishival Foods Limited announced that the proposed investments in BVK Foods Private Limited and Hamma Foods Private Limited are expected to be completed a few months later than initially planned. The company remains confident about the strategic value of these investments.

3. The Board of Directors approved the issuance of a corporate guarantee of up to Rs 20 crore to secure working capital and term loans for its material subsidiary, Melt 'N' Mellow Foods Private Limited.

4. Mr. Hrushikesh Bahekar, a Non-Executive Independent Director, was inducted into various committees including the Audit Committee, Nomination and Remuneration Committee, Stakeholder Relationship Committee, and Corporate Social Responsibility Committee.

The company's consistent financial performance and strategic initiatives indicate its focus on growth and expansion in the food processing sector. Krishival Foods Limited continues to strengthen its position in both the nuts and dry fruits segment as well as the ice cream market.