Shareholders approve re-appointment of Managing Director and Whole-time Director for 3 years each

Mr. Sushil Kumar Goyal (MD) for 3 years, 26 July 2026 to 25 July 2029.

Wed 30 Sep 2026

MD Re-appointment

Mr. Sushil Kumar Goyal re-appointed as Managing Director for 3 years, 26 July 2026 to 25 July 2029

Whole-time Director Re-appointment

Mr. Abhey Goyal re-appointed as Whole-time Director for 3 years, 1 July 2026 to 30 June 2029

AGM Date

35th Annual General Meeting held on 28 September 2026

Director Tenure

Mr. Sushil Kumar Goyal served as MD for over 27 years; Mr. Abhey Goyal has 17 years experience

Family Relationship

Mr. Abhey Goyal is the son of Mr. Sushil Kumar Goyal

What happened

Members of the company, at the 35th Annual General Meeting held on Monday, 28 September 2026, approved the re-appointment of two directors whose earlier terms had expired. The Board had proposed these re-appointments earlier, disclosed on 30 June 2026.

The two re-appointments

• Mr. Sushil Kumar Goyal re-appointed as Managing Director for a further period of 3 (three) years, from 26 July 2026 to 25 July 2029. His earlier term expired on 25 July 2026.
• Mr. Abhey Goyal re-appointed as Whole-time Director for a further period of 3 (three) years, from 1 July 2026 to 30 June 2029. His earlier term expired on 30 June 2026.

Background of the directors

• Mr. Sushil Kumar Goyal has been associated with the company since 1992 and has served as Managing Director for over 27 years, with more than three decades of experience in the edible oil industry. He is a member of the Indian Vegetable Oil Producers' Association (IVPA).
• Mr. Abhey Goyal holds a postgraduate qualification in Management and Finance, has been with the company since 2008, and has over 17 years of experience across edible oil trading, real estate and administration.

Relationship

Mr. Abhey Goyal is the son of Mr. Sushil Kumar Goyal. This relationship between the two executive directors is disclosed in the update.

What it means for investors

This is a continuity event rather than a change of guard: the same two executives remain in charge for another three-year cycle each, with terms running effectively from the dates their previous terms ended, so there is no gap in leadership. The remuneration and other terms are those set out in the AGM notice.

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