Tasty Bite Eatables Limited has informed stock exchanges about a key management change, announcing the resignation of Mr. Abhash Nigam from his position as Director of TFS (Tasty Bite Food Service). The company made this disclosure in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resignation Details

The company has accepted Mr. Nigam's resignation, with his departure becoming effective from the close of working hours on December 31, 2025. The resignation was communicated to both BSE Limited and the National Stock Exchange of India Limited as part of the mandatory disclosure requirements.

Regulatory Compliance

Tasty Bite Eatables Limited has fulfilled all regulatory requirements under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided the necessary documentation and details as mandated by Regulation 30 and Part A of Schedule III of the regulations. The disclosure also complies with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

Management Transition

According to the company's filing, Mr. Nigam's departure is attributed to a new professional opportunity. The company has not disclosed any immediate replacement or interim arrangements for the TFS Director position. The resignation letter has been submitted in accordance with clause 7C of Part A of Schedule II of the SEBI regulations.

The announcement was signed by Vimal Tank, Company Secretary & Compliance Officer, ensuring proper authorization and documentation of the management change. This disclosure demonstrates the company's commitment to maintaining transparency with stakeholders and regulatory compliance.

Tasty Bite Eatables , a prominent player in the Indian food industry, has announced its unaudited financial results for the quarter and half year ended September 30, along with key corporate developments and detailed postal ballot results.

Financial Performance Overview

The company's financial results show a significant year-over-year decline across all key metrics. Revenue dropped by 16.67% to ₹1.30 billion from ₹1.56 billion in the same quarter last year. EBITDA fell by 61.23% to ₹88.00 million from ₹227.00 million, while EBITDA margin decreased to 6.62% from 14.51%. Net profit declined by 64.36% to ₹36.00 million from ₹101.00 million in the corresponding period.

Corporate Developments

In addition to the financial results, Tasty Bite Eatables has made several corporate announcements. The company's Board of Directors met on November 10 to approve the unaudited financial results for the quarter and half-year ended September 30. Key appointments include Mr. Hans Bakker as a Non-Executive Non-Independent Director and KPMG Assurance and Consulting Services LLP as the company's internal auditor. The financial results were reviewed by the company's auditors, Kalyaniwalla & Mistry LLP, who issued an unmodified review report.

Postal Ballot Results and Official Declaration

The company declared postal ballot results on December 27, with overwhelming shareholder approval for key resolutions. The e-voting process commenced on November 26 and concluded on December 25. Company Secretary Vimal Tank officially communicated the results to BSE Limited and National Stock Exchange of India under Regulation 44 of the SEBI (LODR) Regulations, 2015.

Resolution Voting Breakdown

Two major resolutions were passed with significant majority support, both receiving 99.99% approval from shareholders.

Resolution 1: Appointment of Mr. Hans Bakker

The ordinary resolution for appointing Mr. Hans Bakker (DIN: 11382557) as Non-Executive, Non-Independent Director received overwhelming support. The detailed voting breakdown shows strong participation from the promoter group with 1,904,510 votes in favor, while public institutions contributed 93,260 votes and public non-institutions added 497 votes in favor, with only 2 votes against the resolution.

Resolution 2: Remuneration Approval for Ms. Rama Kannan

The special resolution approving remuneration for Ms. Rama Kannan (DIN: 08005849) as Non-executive, Independent Director received identical support with the same voting pattern and overwhelming approval from all shareholder categories.

Business Operations

Tasty Bite Eatables primarily operates in the prepared foods segment, manufacturing and selling prepared food products to customers. The company continues to focus on its core business operations despite the challenging quarterly performance.