Milkfood Ltd Reports Q1 Loss, Appoints New Independent Director
Milkfood reported a net loss of Rs 69.00 lakhs in Q1, compared to a profit of Rs 59.00 lakhs in the previous year. Revenue declined by 23.31% to Rs 7,366.00 lakhs. Other income increased significantly to Rs 555.00 lakhs. The company appointed Mrs. Jyotsna Bhatnagar as an Independent Director, re-appointed Mr. Sudhir Avasthi as Managing Director, and named Mrs. Kamlesh Gupta as Secretarial Auditor. Milkfood also granted 12,18,000 stock options under its Employee Stock Option Plan.