Source Natural Foods Approves Q1 Results, Appoints New Managing Director
Source Natural Foods and Herbal Supplements Limited announced key corporate developments following its board meeting on August 13, 2025. The board approved unaudited Q1 financial results ending June 30, 2025. Mr. Arvind Varchaswi was appointed as the new Managing Director for a five-year term, subject to shareholder approval. The board recommended the reappointment of Mr. Narayanan Narasimhan as Non-Executive Director and Chairperson. New appointments include M/s. KKR & Associates as Secretarial Auditor and M/s. Chiranjeevulu Jeelaga & Co. as Cost Auditors. The board also reviewed internal audit reports, related party transactions, and compliance statements.
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Source Natural Foods and Herbal Supplements Limited has announced significant corporate developments following its recent board meeting. The company's Board of Directors convened on August 13, 2025, to discuss and approve several key matters, including financial results and leadership changes.
Financial Results Approval
The Board approved the unaudited financial results for the first quarter ended June 30, 2025. These results, which were reviewed by the Audit Committee, were approved and recorded in accordance with SEBI regulations. The company's statutory auditors issued an unmodified opinion in their Limited Review Report for the quarter.
Leadership Changes
In a notable leadership transition, the Board approved the appointment of Mr. Arvind Varchaswi as the new Managing Director of the company for a five-year term. This appointment is subject to shareholder approval at the upcoming Annual General Meeting (AGM).
Mr. Varchaswi brings a wealth of experience to the role. He is recognized as one of the Top 100 Retail Minds of India by Asia, Africa GCC Retail & Shopping Centre. His leadership has been instrumental in expanding the Sri Sri Tattva brand into a prominent player in the FMCG & AYUSH space, with a presence in 56 countries across six continents.
Board Recommendations and Appointments
The Board also recommended the reappointment of Mr. Narayanan Narasimhan, the Non-Executive Director and Chairperson of the company, who is set to retire by rotation at the forthcoming AGM. Mr. Narasimhan is the father of the newly appointed Managing Director, Mr. Arvind Varchaswi.
In addition to these leadership changes, the Board made several key appointments:
- M/s. KKR & Associates, a peer-reviewed firm, was appointed as the Secretarial Auditor for a five-year term from FY 2025-26 to FY 2029-30.
- M/s. Chiranjeevulu Jeelaga & Co., Cost Accountants, were re-appointed as the Cost Auditors for the Financial Year 2025-26.
Other Board Actions
The Board also reviewed and approved various other matters, including:
- Internal audit reports and the efficacy of internal control systems
- Related party transactions for the period from October 1, 2025, to September 30, 2026
- Quarterly compliance statements as per SEBI regulations
These developments signal a period of strategic changes and continued regulatory compliance for Source Natural Foods and Herbal Supplements Limited. The company appears to be positioning itself for future growth under new leadership while maintaining strong corporate governance practices.
Historical Stock Returns for Source Natural Foods
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +5.74% | +3.18% | -0.28% | -22.00% | -29.79% | +14.53% |
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