LT Foods Limited — Others, 27-01-2025: Change in Management

LT Foods Limited has announced a board meeting to discuss the unaudited financial results for the quarter and nine months ended December 31, 2024. The results will be subjected to a limited review by statutory auditors. The board has approved a 4th interim dividend of ₹0.50 (50%) per equity share with a record date set for February 4, 2025.

Significantly, the board has also approved the re-appointments of key executives, Mr. Ashwani Kumar Arora and Mr. Surinder Kumar Arora, as Managing Directors, effective from June 21, 2025, subject to shareholder approval. Additionally, Mrs. Neeru Singh has been re-appointed as an independent director effective March 17, 2025.

The company plans to acquire a 4% stake in Raghunath Agro Industries for ₹2.70 crore, with the aim of making it a wholly owned subsidiary. This strategic move could enhance operational control and growth potential in the food sector.

Overall, these updates suggest a positive outlook for LT Foods, reinforcing investor confidence through strong leadership and strategic acquisitions despite potential risks from the market conditions.