Megastar Foods Limited has announced the resignation of its Chief Operating Officer, Mr. Vipin Kumar, effective from the close of working hours on February 6, 2026. The company disclosed this development to stock exchanges in compliance with regulatory requirements under SEBI listing regulations.

Resignation Details

Mr. Vipin Kumar submitted his resignation letter on February 6, 2026, citing personal commitments as the reason for his departure. The resignation takes effect immediately from the close of business hours on the same date, making February 6, 2026, his last working day with the organization.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was made to both BSE Limited (Scrip code: 541352) and National Stock Exchange of India Limited (Symbol: MEGASTAR).

Documentation Provided

Megastar Foods has submitted comprehensive documentation to the stock exchanges, including:

• Complete resignation letter from Mr. Vipin Kumar dated February 6, 2026
• Detailed annexure containing particulars as required under SEBI regulations
• Compliance confirmation under applicable SEBI Listing Regulations

The resignation letter was accepted by Vinay Kumar, Head of HR & Administration, confirming the completion of the resignation process. Company Secretary & Compliance Officer Deepali Chhabra signed the regulatory disclosure on behalf of Megastar Foods Limited.

Company Operations

Megastar Foods Limited, incorporated under CIN L15311CH2011PLC033393, operates from its registered office in Chandigarh and manufacturing facility in Punjab. The company continues its operations following the COO's departure, with the resignation processed in accordance with standard corporate procedures and regulatory requirements.

Megastar Foods Limited , a leading manufacturer of wheat-based products, has reported a robust financial performance for the second quarter of fiscal year 2026. The company's revenue soared by 53% year-over-year to INR 138.00 crores, driven by increased demand from institutional customers and an improved product mix.

Financial Highlights

The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) witnessed a significant jump of 104% to INR 9.40 crores, compared to INR 4.60 crores in the same quarter last year. The EBITDA margin expanded to 6.80% from 5.10% in Q2 FY25, reflecting the company's focus on cost optimization and efficient raw material sourcing.

Operational Performance

Megastar Foods has been operating at 65% of its expanded capacity of 710 MT per day. The company's manufacturing facility in Rupnagar, Punjab, is equipped with Wheeler machinery and supported by a 50,000 MT in-house wheat storage facility.

Growth Outlook

The company has set a target of achieving INR 500.00 crores in annual revenue by FY26. Megastar Foods projects a 15% year-on-year revenue growth, with expectations to reach approximately INR 600.00 crores in FY27 and INR 700.00 crores in FY28.

Strategic Initiatives

Megastar Foods is focusing on several key areas to drive growth:

1. Strengthening partnerships with multinational and domestic clients
2. Enhancing process efficiency through automation
3. Expanding value-added and organic product lines
4. Maintaining financial discipline for sustainable growth

The company plans to launch its B2C brand, Horita, in the next financial year, diversifying its product portfolio and customer base.

Market Position

Megastar Foods has established itself as a preferred supplier to leading multinational food companies such as Nestle, ITC, HUL, Jubilant, Bimbo Bakers, and Yum. The company adheres to global food safety standards, holding certifications including DRCGS, FSSAI, HALAL, and SEDEX.

Future Outlook

While the company faces challenges such as the current ban on wheat exports from India, management remains optimistic about future growth prospects. Megastar Foods is exploring opportunities to expand its geographical presence and is prepared to capitalize on potential export opportunities once the ban is lifted.

As Megastar Foods continues to focus on specialized flour products and innovation, it aims to cater to the growing demand for high-quality wheat-based products in both domestic and international markets, positioning itself for sustained growth in the coming years.