Tasty Bite Eatables Ltd

Director re-appointment: Matthew James Page

• Re-appointed as Director (Non-Executive Non-Independent); retires by rotation; effective 13-08-2026.

Director term change: Shashank Shekhar

• Shashank Shekhar changed to Director liable to retire by rotation; initial appointment 08-02-2026; terms changed 13-08-2026.

AGM Details

• AGM date and time: 13 August 2026 at 11:13 AM; mode: hybrid.
• Record date for voting: 6 August 2026; total members on record: 17,964.
• e-voting window: 10–12 August 2026; shareholders participated: 1 promoter group, 38 public.

Resolutions and outcomes

• Resolution 1 (Ordinary): Receive and adopt financial statements, Board and Auditors' reports — Passed.
• Resolution 2 (Ordinary): Declare dividend of INR 10 per equity share — Passed.
• Resolution 3 (Ordinary): Re-appoint director by rotation — Passed.
• Resolution 4 (Ordinary): Re-appoint another director by rotation — Passed.
• Resolution 5 (Ordinary): Re-appoint director liable to retire by rotation — Passed.
• Resolution 6 (Special): Amend Articles of Association — Passed.
• Resolution 7 (Ordinary): Approve related party transactions with Mars Food UK Ltd for FY 2027-28 — Passed.
• Resolution 8 (Ordinary): Approve related party transactions with Mars Food US LLC for FY 2027-28 — Passed.

Dividend

• Dividend amount: INR 10 per equity share approved.

Directors

• No new director appointments; existing directors re-appointed by rotation.

Auditors

• No changes in statutory, secretarial, or cost auditors disclosed.

Related Party Transactions

• Mars UK Ltd related party transactions approved for FY 2027-28.
• Mars US LLC related party transactions approved for FY 2027-28.

Other Approvals

• Amendment to Articles of Association approved.

Voting Summary

• All eight resolutions passed by the requisite majority.
• No significant dissent reported for any resolution.

Business Overview

• Core business: prepared foods for retail and foodservice globally.
• Three operating segments: Affiliate, Food Service, and Xclusive B2B.
• Cheffin' B2C brand targets India's convenience meals, leveraging Amazon and Zepto.
• Debt-free status and strong cash position support strategic investments.
• 100% vegetarian portfolio; diversified revenue across Affiliate and Third-Party channels.

Key Operational Highlights

• Total revenue rose 29% YoY to 1,616 million.
• Affiliates revenue up 46% YoY to 768 million.
• PBI affiliates grew 14%, MARS affiliates 150% YoY.
• Third-Party revenue up 15% YoY to 786; Food Service up 4%.
• Other income 63 million, up 44% YoY.
• Cheffin journey: Amazon presence Aug 2025; Zepto March 2026; exploring more platforms.
• HoReCa growth via expanded Food Service portfolio and formed frozen products.
• Inflationary costs from Middle East crisis pressured margins; cost optimization underway.
• Value Leadership Initiatives (VLS) and cost controls underpin profitability.

Financial Performance

• Total revenue 1,616 million; YoY growth 29%.
• PAT up 8% YoY.
• Revenue mix: 47% Affiliate, 53% Third-Party.

Capital Structure & Liquidity

• Debt-free status and strong cash position support growth investments.
• Maintains financial flexibility to fund expansion.

Strategic Priorities & Outlook

• Strengthen India Growth Platforms.
• Build scalable Cheffin and Xclusive brands as growth pillars.
• Innovation-led portfolio expansion with new product launches.
• Drive operational efficiency via VLS and cost controls.
• Expand digital commerce across e-commerce and quick-commerce.
• Maintain financial flexibility and debt-free status to support growth.
• Outlook: near-term external pressures may persist; focus on diversified, scalable growth.

Risks & Mitigation

• Geopolitical and macro risks raising raw materials and logistics costs; mitigated by cost optimization and sourcing initiatives.

Governance & Leadership

• No major governance changes reported; governance framework and VLS emphasized.

ESG Highlights

• 75% renewable energy usage.
• 108 million litres water recycled.
• 100% waste converted to energy.
• 100% workforce under POSH and human rights assessments.
• Community initiatives in water conservation and education.

Financial results approved

• Approved unaudited quarterly results for quarter ended 30 June 2026.
• Limited Review Report accompanying the results in Annexure.

Dematerialisation/rematerialisation status

• Processed all demat requests within 15 days of receipt from depository participants.
• Dematerialised securities listed on stock exchanges where the earlier issued securities are listed.
• Physical certificates mutilated and cancelled after due verification; depository name substituted as registered owner.
• Certificate issued to depositories and stock exchanges confirming above actions.

Key Decisions

• Approved the Notice of the 42nd AGM.
• Approved Corporate Governance Report, Board Report, and MD&A.
• Fixed the 42nd AGM date as 13 August 2026 (Friday).

RPT with Preferred Brands International, Inc.

• Ordinary resolution to approve RPT with Preferred Brands International for FY2026-27; 261,155 of 261,185 polled in favour.

RPT with Mars Food UK Limited

• Ordinary resolution: approve RPT with Mars Food UK Limited for FY2026-27; 92,862 of 96,019 polled in favour.

RPT with Mars Food US LLC

• Ordinary resolution to approve RPT with Mars Food US LLC for FY2026-27; 167,868 of 168,323 polled in favour.

Post-Facto RPT FY2025-2026

• Ordinary post-facto approval of related party transactions for FY2025-2026; 2,165,240 of 2,165,695 polled in favour.

Remuneration of Rahul Bhatnagar as NED

• Special resolution to approve revised remuneration for Rahul Bhatnagar as NED; 2,165,240 of 2,165,695 polled in favour.