Westlife Foodworld has announced the implementation of a new royalty rate structure following a recent agreement with its partner. The company disclosed this development as part of its ongoing business operations and partnership arrangements.

New Royalty Rate Structure

The company has confirmed that a revised royalty rate has been established through negotiations with its partner. This new rate structure represents a significant development in the company's operational framework and partnership dynamics.

Escalation Details and Transparency

Westlife Foodworld has made yearly escalation details for the new royalty arrangement accessible to stakeholders through its official website. This move demonstrates the company's commitment to transparency and provides investors and other interested parties with clear visibility into the long-term structure of the agreement.

Quarterly Impact

The benefits from this new royalty agreement are now beginning to take effect for the current quarter. This timing suggests that the company expects to see positive impacts on its financial performance as the new rate structure becomes operational.

The announcement indicates that Westlife Foodworld has successfully negotiated terms that are expected to be beneficial for the company's operations. The transparency in making escalation details publicly available reflects good corporate governance practices and stakeholder communication.

Westlife Foodworld Limited has submitted its quarterly Integrated Filling - Governance Report for the quarter ended December 31, 2025, to the BSE and NSE in compliance with SEBI regulations. The submission was made on January 20, 2026, pursuant to the SEBI circular dated December 31, 2024.

Corporate Governance Structure

The company's board of directors consists of six members, maintaining a balanced composition between executive, non-executive, and independent directors. The board structure includes:

Rajendra Mariwala serves as the independent chairperson, while Akshay Jatia holds the position of Executive Director and CEO. The company follows a rotational chairperson system for board meetings, with the chairperson elected at each meeting.

Committee Composition and Leadership

Westlife Foodworld has established five key committees as per regulatory requirements:

All committees have regular chairpersons and maintain the required composition as per SEBI listing regulations.

Board and Committee Meetings

During the quarter, the company conducted board and committee meetings with proper quorum:

• Board Meetings: One meeting held on November 3, 2025, with 5 out of 6 directors present
• Audit Committee: Meeting on November 3, 2025, with 3 out of 4 members present
• Nomination & Remuneration Committee: Meeting on November 3, 2025, with 2 out of 3 members present
• Risk Management Committee: Meeting on November 3, 2025, with 2 out of 3 members present

The maximum gap between consecutive meetings was 102 days.

Regulatory Compliance and Penalties

The company reported full compliance with SEBI listing regulations across all governance parameters. However, it received minor penalties during the quarter:

Investor Relations

The company maintained a clean record in investor grievance management during the quarter ended December 31, 2025:

• No pending complaints at the beginning of the quarter
• No new complaints received during the quarter
• No complaints disposed of during the quarter
• No unresolved complaints at the quarter end

The report was signed by Dr. Shatadru Sengupta, Company Secretary and Compliance Officer, confirming that all regulatory requirements have been met and the governance framework remains robust.