Dindigul Farm Product Ltd

Dindigul Farm Product Ltd — Trading window closed from 1 October 2026 to 48 hours after the declaration of unaudited financial results for the half year ended September 30, 2026.

Price movement clarification

• Share price movement deemed market-driven; company has no control or knowledge of the reasons.
• Reiterates adherence to SEBI LODR Regulation 30 and will inform the stock exchange of any material events.

AGM details

• AGM date/time/mode: 30 September 2026 at 3:30 PM IST via VC/OAVM.
• Record date and books closure: 23 September 2026; 24–30 September 2026.

Key resolutions

• Adoption of audited financial statements for year ended 31 March 2026.
• Appointment of Mrs. Rajadharshini Rajasekaran as Non-Executive Director liable to retirement by rotation.
• Reappointment of statutory auditor M/s VSSR & Co; tenure to 2031; remuneration fixed by Board.
• Regularization of Additional Director Dr Karthik Neelakandan as Director.
• Approval of material related party transaction with AR Dairy Food Private Limited up to Rs 60 crores.
• Special resolution to revise remuneration of CMD Raju Rajasekaran and continuation beyond age 70.

Voting results

• Voting outcomes not disclosed in filing.
• No significant dissent information specified in the document.

Dividend

• Dividend proposal/approval not indicated in the notice.

Director changes

• Reappointment of Mrs. Rajadharshini Rajasekaran as Non-Executive Director liable to retirement by rotation.
• Regularization of Dr. Karthik Neelakandan as Director (Additional Director since 08-09-2026).

Auditor appointments

• Statutory auditor M/s VSSR & Co; tenure until 21st AGM (2031); remuneration fixed by Board.

Financial snapshot

• Revenue from operations: ₹9,004.32 lakhs in FY2025-26.
• Total revenue including other income: ₹9,036.04 lakhs.
• PAT: ₹372.03 lakhs; PBT: ₹150.11 lakhs.
• EBITDA-like metric: profit before finance costs, depreciation, amortisation and tax ₹808.96 lakhs.
• Dividend: Board did not recommend dividend for FY2025-26.

Capacity, expansion & operations

• 3x capacity expansion underway; MPC capacity to 255 tons after expansion.
• New evaporation/drying plant to add 15-20 t/day MPC by Dec 2026.
• Current utilization 30-40%; post-expansion could 5x revenues over medium term.
• SMP capacity: 980 -> 3,055; Casein 850 -> 1,250; MPC 180 -> 255.
• Installed electrodialysis unit in June 2025 for casein whey demineralization.

Product portfolio & positioning

• Native MPC maker; four main product families: MPC, SMP, Casein, Whey.
• Focus on infant nutrition with micro-encapsulated fat tech; domestic and export markets.
• New product development: ActivDay retail line; premium protein products.

Related party transactions

• Material related party with A R Dairy Food Private Limited; max ₹60 crores per year.
• Transactions to be in ordinary course; arm's length; approved by Audit Committee.
• Other related party interactions include GK Wind Farm and Indrayani Biotech loans/investments.

Governance & board changes

• Dr. Karthik Neelakandan appointed Additional Director on 8 Sept 2026; regularisation sought.
• Ravi Rajappan ceased as director w.e.f 8 Sept 2026; CEO Ravi Chandran Ranganathan appointed.
• MD remuneration revision proposed from Oct 2026; age >70.

Auditors & compliance

• Statutory auditor: M/S VSSR & Co; term till 2031.
• Secretarial auditor: S. Muthuraju; Internal auditor: CS N K & Co.
• Corporate Governance Report not applicable for SME listing; governance framework retained.

Outlook & risks

• Dairy protein powder market in India and globally with growth CAGR around 6-9%.
• Expansion into infant nutrition; EPCG import scheme to reduce duties; export focus.
• Risks: supply chain disruptions; weather; price volatility; management risk mitigation.

Record date details

• Scrip 544201, Equity shares; Record Date: 23 September 2026 for E-voting at 16th AGM on 30 September 2026.

Book Closure Details

• Period: 24 September 2026 to 30 September 2026, inclusive.
• Purpose: for the 16th Annual General Meeting.
• Event: 16th AGM.
• Security: equity shares.

AGM Details

• 16th AGM via VC/OAVM on 30 September 2026 at 3:30 PM IST.
• Cut-off date for e-voting: 23 September 2026.
• E-voting period: 27-29 September 2026.
• AGM-day voting window: 24-30 September 2026.

Meeting Details

• Board meeting scheduled for 01 September 2026; time and venue not disclosed.

Key Agenda Items

• Consider and approve material related party transactions with group companies, KMPs, and relatives, subject to shareholder approval.
• Consider and approve Directors’ report and annexures thereon.
• Fix date, time, venue, and mode of the 16th AGM; approve draft Notice.
• Alteration of the Articles of Association, subject to shareholder approval.
• Re-appointment of Statutory Auditors M/s VSSR & Co (FRN 016495S).

Other Notes

• Trading window closure period not specified.

Dematerialisation processing and listing status

• Dematerialisation requests were processed and confirmed to the depositories.
• Dematerialised securities have been listed on the exchanges where the original securities are listed.
• Physical certificates received for dematerialisation were mutilated and cancelled after verification.
• The depository's name was substituted as registered owner in the records within the prescribed timeline.