Modern Dairies Ltd — Others, 04-06-2025: AGM/EGM

Modern Dairies Limited has announced a board meeting for the 33rd Annual General Meeting (AGM) to address key corporate matters via video conferencing. Shareholders will consider adoption of the financial results for the year, reappointment of directors, and approval of remuneration for cost auditors totaling Rs. 70,000 for FY 2025-26. The company seeks approval for related party transactions with Nabha Commerce Private Limited and Modern Dairyfarms Limited, capped at Rs. 60 Cr and Rs. 55 Cr per year respectively, reflecting ongoing business dealings at arm’s length. Ratification of past remuneration aggregating Rs. 4.09 Cr paid to key executives is also proposed, following clearance of lender dues. The board proposes reappointing Mr. Krishan Kumar Goyal as Chairman & Managing Director with enhanced monthly salary of Rs. 5 lakh plus commission and perquisites for a five-year term. Additionally, appointments of Dr. Surinder Kumar and reappointment of Prof. Sanjay Kaushik as independent directors are on agenda. Amendments to the Articles of Association to exempt the Chairman/Managing Director from retirement by rotation will also be discussed. This AGM reflects key governance, compliance, and strategic leadership decisions critical for continuity and operational oversight.