Piccadily Agro Industries Limited has announced a key senior management appointment, bringing aboard an experienced human resources leader to strengthen its organizational capabilities.

New Chief Human Resources Officer Appointed

The company has appointed Mr. Madabosi Sreenivasan Venkatesh as Chief Human Resources Officer, effective December 17, 2025. This appointment brings over 33 years of HR leadership experience to the organization.

Extensive Professional Background

Mr. Venkatesh brings over 33 years of extensive HR leadership experience to his new role. He holds an MSW and Management graduate degree, providing him with strong academic credentials to complement his practical experience. His professional journey began in 1992 as a Management Trainee and Assistant Factory Personnel Manager, demonstrating a comprehensive understanding of HR operations from ground level.

In his most recent assignment, Mr. Venkatesh served as Chief Human Resources Officer at a food and beverages company, where he led enterprise-wide people, culture, and transformation initiatives. This experience in the food and beverages sector aligns well with Piccadily Agro Industries' business operations.

Areas of Expertise and Academic Contributions

Mr. Venkatesh's professional expertise encompasses several critical areas of human resources management:

• Organization transformation and effectiveness
• Talent management and performance management systems
• Rewards and compensation frameworks
• Leadership development programs
• Strategic HR alignment with business objectives

Beyond his corporate responsibilities, Mr. Venkatesh actively contributes to management education as a Visiting Faculty with prestigious institutions including MDI Gurgaon, SOIL Gurgaon, and other premier management institutes. His academic involvement focuses on leadership development and HR capability building, demonstrating his commitment to knowledge sharing and industry development.

Track Record of Organizational Impact

Over the past decade, Mr. Venkatesh has demonstrated significant impact in various organizational initiatives. His accomplishments include building performance-driven cultures, implementing pay-for-performance frameworks, and improving overall productivity across organizations. He has successfully institutionalized policies and processes while strengthening employee engagement levels.

Strategic HR Leadership Approach

Mr. Venkatesh's leadership philosophy centers on aligning HR strategy with business growth and shareholder value creation. His approach emphasizes disciplined, ROI-focused people practices that directly contribute to organizational success. This strategic perspective positions him well to support Piccadily Agro Industries' growth objectives and operational excellence initiatives.

The appointment reflects the company's commitment to strengthening its senior management team with experienced professionals who can drive organizational transformation and support business expansion plans.

Piccadily Agro Industries Limited has successfully incorporated a wholly owned subsidiary, Piccadily Food Essentials Limited, as part of its corporate expansion strategy. The company received the Certificate of Incorporation from the Central Registration Centre, Registrar of Companies on December 15, 2025.

Subsidiary Structure and Capital Details

The newly incorporated subsidiary has been established with specific capital parameters that reflect its initial operational scope:

Regulatory Compliance and Disclosure

The parent company has fulfilled its regulatory obligations by informing both BSE and NSE about the incorporation. This disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, along with the SEBI Circular dated July 13, 2023.

Business Operations Status

According to the regulatory filing, Piccadily Food Essentials Limited has not yet commenced its business operations. The company falls under the related party transaction category as it represents a wholly owned subsidiary of Piccadily Agro Industries Limited, with the parent company maintaining complete control through its 100% shareholding.

Strategic Implications

The incorporation of this subsidiary represents Piccadily Agro Industries' strategic move to potentially expand into the food essentials sector. The establishment of a separate legal entity provides the parent company with operational flexibility and focused business development opportunities in this specific market segment.

The company has indicated that no specific governmental or regulatory approvals are required for this incorporation, and the initial capital subscription has been made entirely in cash. This development demonstrates Piccadily Agro Industries' commitment to diversifying its business portfolio while maintaining full operational control through the wholly owned subsidiary structure.