Tasty Dairy Specialties Limited has announced an extension of the deadline for submission of resolution plans under its ongoing Corporate Insolvency Resolution Process. The Committee of Creditors has approved the extension following requests from Prospective Resolution Applicants.

Resolution Plan Timeline Extended

The Committee of Creditors has approved extending the deadline for resolution plan submissions by seven days. The decision comes in response to requests received from multiple Prospective Resolution Applicants who sought additional time to finalize their proposals.

Corporate Insolvency Process Status

Tasty Dairy Specialties Limited continues to operate under the Corporate Insolvency Resolution Process of the Insolvency and Bankruptcy Code 2016. The company's affairs, business and assets are being managed by Resolution Professional Anish Agarwal, who was appointed through an order dated October 7, 2025.

Regulatory Compliance

The announcement was made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The information has been disclosed to the Bombay Stock Exchange and made available on the company's corporate website at www.tastydary.com .

The extension provides Prospective Resolution Applicants with additional time to prepare comprehensive resolution plans for the company's revival under the insolvency resolution framework.

Tasty Dairy Specialities Limited has announced the resignation of its Company Secretary and Compliance Officer, Mr. Shamshad Alam (ACS: 66754), effective December 15, 2025. The resignation was submitted on November 15, 2025, citing personal reasons as the primary factor for his departure.

Resignation Details

Mr. Alam will be relieved from his responsibilities with effect from the close of business hours on December 15, 2025. As a Key Managerial Personnel under Section 203 of the Companies Act, 2013, his cessation will also affect his role in determining the materiality of events or transactions for required disclosures to the Stock Exchange.

Corporate Insolvency Resolution Process Context

The resignation occurs while Tasty Dairy Specialities Limited is undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. The company's affairs, business, and assets are currently being managed by Resolution Professional Mr. Anish Agarwal (IP Registration No.: IBBI/IPA-001/IP-P-01497/2018-2019/12256) following an order dated October 07, 2025.

In his resignation letter, Mr. Alam mentioned that the company's admission into CIRP on October 07, 2025, resulted in management control vesting with the Resolution Professional. He cited practical constraints in continuing to discharge his duties effectively under the changed management structure, along with a medical emergency in his family as reasons for his resignation.

Ongoing Responsibilities and Compliance Requirements

Despite the resignation, the company has clarified that Mr. Alam's statutory, fiduciary, and professional responsibilities related to the CIRP will continue until its completion. The Resolution Professional expects his full cooperation and assistance in all present and future CIRP-related matters, including:

• Regulatory compliances
• Statutory filings
• Clarifications and records maintenance
• Legal proceedings as required

The company has stated that any non-cooperation or failure to provide requisite assistance during the CIRP may result in appropriate proceedings, including filing an application before the National Company Law Tribunal under Section 19(2) of the Insolvency and Bankruptcy Code, 2016.

Regulatory Disclosure

The announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that there are no material reasons for the resignation other than the personal reasons mentioned. Mr. Alam has assured that he discharged his duties diligently and to the best of his ability based on the information and records available to him, and has committed to extending full cooperation for the smooth handover of all records and information pertaining to statutory and exchange compliances.