Ovobel Foods Ltd

AGM Details

• AGM held on 28 September 2026 via VC/OAVM.
• Start time 3:00 PM; end time 3:19 PM.
• Record date 21 September 2026; postal ballot deadline 28 September 2026.
• Shareholders on record: 5,735.

Key Resolutions

• Resolution 1: Ordinary — adopt audited financial statements for year ended 31 March 2026.
• Resolution 2: Ordinary — director retiring by rotation seeks re-appointment.
• Resolution 3: Ordinary — re-appointment of statutory auditors.
• Resolution 4: Special — appointment of independent director.
• Resolution 5: Ordinary — approval of related party transactions with Ashray Farms.
• Resolution 6: Ordinary — RPT approval for lease of land and facility from Sukanya Satish and Padmanabha Shetty.
• Resolution 7: Ordinary — RPT approval for lease of land and facility from Satish Babu Padmanabha Shetty.

Voting Results

• Resolution 1: Passed; 100% in favour.
• Resolution 2: Passed; 99.83% in favour, 0.17% against.
• Resolution 3: Passed; 99.83% in favour, 0.17% against.
• Resolution 4: Special — Passed; 99.83% in favour, 0.17% against.
• Resolution 5: Passed; 62.92% in favour; promoter votes invalid.
• Resolution 6: Passed; 62.92% in favour; promoter votes invalid.
• Resolution 7: Passed; 99.83% in favour; 70.34% of outstanding shares voted.

Dividend

• No dividend proposed or declared.

Director Changes

• Independent director appointed.

Auditor Appointments

• Statutory auditors re-appointed.

Material Related Party Transactions

• Approval for related party transaction with Ashray Farms.
• Approval for lease of land and facility from Sukanya Satish and Padmanabha Shetty.
• Approval for lease of land and facility from Satish Babu Padmanabha Shetty.

Other Material Approvals

• No other material approvals reported.

AGM Details

• Held on 28 September 2026 at 3:00 PM IST via VC/OAVM.
• Remote e-voting: 25–27 September 2026; voting also at AGM.

Key Resolutions

• Ordinary: Adoption of audited financial statements, board report, and auditors' report.
• Ordinary: Re-appointment of director retiring by rotation.
• Ordinary: Re-appointment of statutory auditors.
• Special: Appointment of an Independent Director.
• Special: Approval for related party transactions with Ashray Farms.
• Special: Approval for related party transactions—lease of land and farm facility from Sukanya Satish & Mr. Satish Babu Shetty.
• Special: Approval for related party transactions—lease of land and facility from Mr. Satish Babu Shetty.

Voting Status

• Voting results and Scrutinizer’s report to be declared after counting.
• Results pending submission to stock exchanges and company website.

Ovobel Foods Ltd: Trading Window closed from October 1, 2026 till 48 hours after the declaration of the unaudited financial results for the second quarter ending September 30, 2026.

Senior Management Change

• Mohan T. Gangoor, AGM – Sales & Operations, retires 19 July 2026 and becomes Consultant 20 July 2026.
• He continues to head the Sales function and remains part of Senior Management.
• Reason: retirement upon attaining the age of superannuation.
• No cessation from his role as Senior Management Personnel.

AGM Details

• AGM scheduled for 28 September 2026 at 3:00 PM via VC/OAVM.
• Register of Members and shares closed 22-28 September 2026 (inclusive).
• Voting rights as on cut-off date 21 September 2026: one vote per paid-up share.
• Notice convening the AGM will be submitted to the Stock Exchange in due course.

Share transfer notice

• Subject: Transfer of 800 equity shares by two transferors under SEBI circular.
• Transferors: RAMADOSS N (300 shares, 9697601–9697900) and 20TH CENTURY FIN CORPORATION LTD (500 shares, 5699601–5700100).
• Request received from Anil Ramchandra Shah to transfer 800 equity shares.
• Newspaper notice published on 25 August 2026 per SEBI circular.
• Notice published in Financial Express and Marathi, Tamil newspapers at transferors' last-known addresses.
• Publication date and place: 25 August 2026, Bengaluru.
• Managing Director: Mysore Satish Sharad.
• Enclosures: copy of the newspaper notices attached.
• Status: advertisement issued under SEBI MIRSD circular 2026.
• Scrip code 530741; General Company Update.

Publication details

• Unaudited Q1 2026 results were published as a newspaper advertisement.
• Publications appeared in Financial Express (English) and Hosadigantha (Kannada).
• Date of publication: 12 August 2026; results declared 10 August 2026.
• Subject to SEBI Listing Regulations Regulation 47.
• Signed by Managing Director Mysore Satish Sharad.
• No financial figures disclosed in the newspaper publication.

Publication of SEBI-compliant notices

• Newspaper notices published under SEBI circular SEBI/HO/38/13/11(2) 2026; Financial Express and Hosadigantha on 08 Aug 2026.
• Copy of the newspaper notices attached for records.

Appointment of Independent Director

• Appointment of Mr. Mysore Narayana Sreedhara as Additional Director (Non-Executive, Independent) effective 10 August 2026.
• Tenure: five consecutive years, subject to shareholders' approval.
• Reason: recommendation of the Nomination and Remuneration Committee.
• Profile: extensive taxation and financial laws experience; CA Inter (1988) and practice since 1989.
• No relationship with other directors.
• Not debarred from holding office by SEBI or any other authority.

Financial highlights

• Revenue from operations ₹7,996.59 lakh; QoQ up from ₹6,650.33.
• Total income ₹8,365.69 lakh; QoQ up from ₹7,251.86.
• Profit before tax ₹2,054.19 lakh; QoQ up from ₹1,928.03.
• Profit for the period ₹1,540.32 lakh; QoQ up from ₹1,418.59.
• EPS ₹16.21 (basic/diluted).
• Paid-up equity ₹950.08 lakh.
• Total comprehensive income ₹1,554.67 lakh.

Cost and margins

• Cost of material consumed ₹5,553.95 lakh; inventories fell ₹387.49 lakh.
• Employee benefit expense ₹328.12 lakh; finance cost ₹31.12 lakh.
• Depreciation ₹109.59 lakh; other expenses ₹676.21 lakh.
• Total expenses ₹6,311.50 lakh; gross margin ≈30.5%.
• Tax expense ₹513.87 lakh; current tax ₹535.19 lakh.

Tax and notes

• Deferred tax credit ₹(21.32) lakh.
• Single-segment food business; receivables realisable within 180 days.
• Unaudited results reviewed by Audit Committee; limited review by ASA & Associates.