Mishtann Foods Ltd , a prominent player in the agro-commodities and Basmati Rice processing sector, has announced significant changes to its leadership structure and board committees. The company's Board of Directors approved several key decisions during a meeting held on September 24, 2025.

Managing Director Reappointment

Hiteshkumar Gaurishankar Patel has been reappointed as the Managing Director of Mishtann Foods for another five-year term, extending from September 24, 2025, to September 23, 2030. This reappointment is subject to shareholder approval at the forthcoming General Meeting.

Patel, who holds a substantial 43.48% stake in the company with 46,85,71,027 equity shares, brings nearly two decades of experience in agro-commodities trading and Basmati Rice processing. His journey from a trader to establishing a processing facility for Basmati Rice has been instrumental in the company's growth and profitability.

Board Committee Restructuring

The Board has approved the reconstitution of several key committees following the resignation of Independent Director Bhumi Jayantkumar Gor. The newly restructured committees are as follows:

Audit Committee

• Chairperson: Ashish Agarwal (Independent Director)
• Members: Kush Jigenbhai Shah and Rainy Ramesh Singhi (both Independent Directors)

Nomination and Remuneration Committee

• Chairperson: Rainy Ramesh Singhi (Independent Director)
• Members: Ashish Agarwal and Kush Jigenbhai Shah (both Independent Directors)

Stakeholders Relationship Committee

• Chairperson: Rainy Ramesh Singhi (Independent Director)
• Members: Ashish Agarwal and Kush Jigenbhai Shah (both Independent Directors)

Risk Management Committee

• Chairperson: Hiteshkumar Gaurishankar Patel (Managing Director)
• Members: Rainy Ramesh Singhi and Kush Jigenbhai Shah (both Independent Directors)

Corporate Social Responsibility Committee

• Chairperson: Kush Jigenbhai Shah (Independent Director)
• Members: Ashish Agarwal and Rainy Ramesh Singhi (both Independent Directors)

Director Resignation

The Board noted the resignation of Bhumi Jayantkumar Gor as an Independent Director, effective from the close of business hours on September 24, 2025. Gor cited personal and professional commitments as reasons for her departure. Consequently, she has stepped down from her roles as Chairperson of the Audit Committee, Nomination and Remuneration Committee, Stakeholders Relationship Committee, and Corporate Social Responsibility Committee, as well as her membership in the Risk Management Committee.

The company has affirmed that these changes are in compliance with the relevant SEBI regulations and BSE circulars. The board meeting, which commenced at 4:30 PM and concluded at 5:30 PM, marks a significant shift in Mishtann Foods' corporate governance structure as it prepares for the next phase of its growth journey.

Mishtann Foods , a leading player in the food industry, has announced strong financial results for the first quarter, showcasing significant growth in profitability and improved operational efficiency.

Financial Highlights

• Net Profit: ₹827.00 crore, up 16% year-over-year from ₹713.00 crore
• Revenue: ₹3,860.00 crore, a slight increase from ₹3,820.00 crore in the previous year
• EBITDA: ₹842.00 crore, rising from ₹731.00 crore, marking a 15.2% increase
• EBITDA Margin: Improved to 21.81% from 19.09%, indicating enhanced operational efficiency

Performance Analysis

Mishtann Foods demonstrated resilience and growth in a challenging market environment. The company's focus on operational efficiency is evident from the substantial improvement in EBITDA margin, which expanded by 272 basis points year-over-year.

While revenue growth was modest at about 1%, the company managed to significantly boost its bottom line, with net profit surging by 16%. This performance underscores Mishtann's ability to optimize costs and improve profitability even in a scenario of subdued topline growth.

Corporate Developments

In addition to the financial results, Mishtann Foods' Board of Directors approved several key appointments in their recent meeting:

1. Secretarial Auditor: M/s. Kamlesh M. Shah & Co. appointed for a five-year term (FY 2025-26 to 2029-30), subject to shareholder approval.
2. Tax Auditor: M/s. H Thakkar & Co. LLP appointed for FY 2024-25.
3. Nodal Officer: Mrs. Jaishree Maheshwari appointed for Investor Education and Protection Fund matters.

These appointments reflect Mishtann's commitment to maintaining robust corporate governance and compliance standards.

Looking Ahead

With a strong start to the fiscal year, Mishtann Foods appears well-positioned to capitalize on its operational efficiencies and market opportunities. Investors and stakeholders will be keenly watching the company's performance in the coming quarters to see if this growth trajectory can be sustained amidst evolving market conditions.

The company's ability to enhance profitability despite modest revenue growth demonstrates its resilience and effective management strategies, which could bode well for its future prospects in the competitive food industry landscape.