Sheetal Cool Products Limited (SCPL), a prominent player in the food and beverage industry, has announced significant corporate governance updates, including the reappointment of key directors and auditors. These decisions, made during a board meeting on August 25, 2025, are subject to shareholder approval at the upcoming 12th Annual General Meeting (AGM).

Leadership Continuity: Reappointment of Whole Time Directors

The board has approved the reappointment of three Whole Time Directors, all brothers with extensive experience in the company's operations:

1. Mr. Bhupatbhai Dakubhai Bhuva (DIN: 06616061)
2. Mr. Dineshbhai Dakubhai Bhuva (DIN: 06616078)
3. Mr. Sanjaybhai Dakubhai Bhuva (DIN: 06616086)

Each director has been reappointed for a five-year term, from September 5, 2025, to September 4, 2030. This decision ensures continuity in the company's leadership and strategic direction.

Director Profiles

Bhupatbhai Dakubhai Bhuva

• Holds a Bachelor of Commerce degree
• Brings vast experience in administration, leadership, and public relations

Dineshbhai Dakubhai Bhuva

• Under-matriculate
• Possesses expertise in franchise business, corporate relationship management, liaising, external business affairs, and corporate social responsibility

Sanjaybhai Dakubhai Bhuva

• Bachelor of Commerce graduate
• Extensive experience in administration, leadership, and public relations

The company has confirmed that none of the directors are debarred from holding office by any SEBI order or other authority.

Auditor Appointments

In addition to the director reappointments, SCPL has made key decisions regarding its auditors:

Secretarial Auditor

M/s. Chetan Patel & Associates (Firm Registration Number P2024GJ102000) has been appointed for a five-year term from FY2025-26 to FY2029-30. The firm, based in Ahmedabad, is known for its expertise in corporate law, SEBI regulations, and various compliance services.

Statutory Auditor

M/s. H.B. Kalaria & Associates, Chartered Accountants (ICAI registration No. 104571W), has been reappointed for a second consecutive five-year term. Their tenure will extend from the conclusion of the 12th AGM until the 17th AGM in 2030. Established in 1988, the firm offers a wide range of services including auditing, financial consulting, and tax services.

Implications for Shareholders

These reappointments signal Sheetal Cool Products Limited's commitment to maintaining stability in its governance structure while ensuring compliance with regulatory requirements. Shareholders will have the opportunity to vote on these appointments at the upcoming AGM.

The company has also issued a notice for email registration, indicating its efforts to enhance digital communication with shareholders. This move aligns with modern corporate governance practices and facilitates more efficient information dissemination.

As Sheetal Cool Products Limited continues to navigate the dynamic food and beverage industry, these governance updates are likely to play a crucial role in shaping the company's future strategies and operations.

Sheetal Cool Products Limited , a prominent player in the milk and milk products industry, has announced its financial results for the first quarter of the fiscal year 2025-26. The company's performance shows a mixed picture with a decline in revenue and profit compared to the same quarter last year.

Financial Highlights

All financial figures are in Rs crore, except for EPS which is in Rs

Segment Performance

Sheetal Cool Products operates in two segments: Milk and Milk Products, and Namkeen Products. However, the company noted that the Namkeen Products segment does not meet the quantitative thresholds for separate segment reporting as per Indian Accounting Standard (Ind AS) - 108.

Board Meeting and Auditor's Review

The company's Board of Directors approved the unaudited financial results in a meeting held on August 5, 2025. The meeting commenced at 10:40 A.M. and concluded at 11:20 A.M. The financial results were subject to a limited review by the company's auditors, HB Kalaria & Associates, who found no material misstatements in the financial information.

Management Commentary

Bhupatbhai D. Bhuva, Managing Director of Sheetal Cool Products Limited, signed off on the financial results.

Key Takeaways

• Revenue decreased by 8.77% to Rs 112.90 crore in Q1 FY26 from Rs 123.75 crore in Q1 FY25.
• Net profit declined by 28.23% to Rs 5.34 crore from Rs 7.44 crore in the same period last year.
• Total income for Q1 FY26 stood at Rs 112.99 crore.
• Total expenses for the quarter were Rs 105.80 crore.
• EPS (Basic and Diluted) decreased to Rs 5.09 from Rs 7.08, a 28.11% reduction.

Note: All figures are based on the standalone unaudited financial results for the quarter ended June 30, 2025, as reported by Sheetal Cool Products Limited.