The Board of Directors of LT Foods convened on February 26, 2026, approving several key personnel changes subject to shareholder consent via Postal Ballot. These include the re-appointment of two Independent Directors, Mr. Abhiram Seth and Mrs. Ambika Sharma, and the appointment of Ms. Rima Gupta as an Independent Director. Additionally, Mr. Ashok Kumar Arora’s term as Whole Time Director was renewed, and a significant alteration to the Object Clause of the Memorandum of Association was passed.
Outcome of LT Foods Board Meeting on February 26, 2026
LT Foods Limited announced the outcome of its Board Meeting held on Thursday, February 26, 2026. The Board, after due consideration and based on recommendations from the Nomination & Remuneration Committee, approved several resolutions, including director tenures and changes to the company’s foundational documents.
Director Appointments and Re-appointments
The following actions regarding key directorial positions were approved:
- Mr. Abhiram Seth (DIN: 00176144): Re-appointed as an Independent Director for a second term of 5 (five) years, effective from July 22, 2026, to July 21, 2031.
- Mrs. Ambika Sharma (DIN: 08201798): Re-appointed as an Independent Director for a second term of 5 (five) years, effective from March 10, 2026, to March 9, 2031.
- Ms. Rima Gupta (DIN: 00360408): Appointed as an Independent Director for 5 (five) consecutive years, effective from April 8, 2026, to April 7, 2031.
- Mr. Ashok Kumar Arora (DIN: 02259429): Re-appointed as Whole Time Director for 3 (three) consecutive years, effective from April 8, 2026, to April 7, 2029.
The Board confirmed that the aforementioned Directors are not debarred from holding office by any regulatory authority.
Alteration of Memorandum of Association (MOA)
The Board also approved the Alteration of the Object Clause III(A) of the Memorandum of Association of the Company. This involves the insertion of a new sub-clause, III(A)(5), immediately following the existing sub-clause III(A)(4).
The newly inserted clause authorizes the company:
“To acquire, promote, establish, maintain, conduct and run testing laboratory, research laboratory, experimental workshops, scientific laboratory, and other organizations for examination, analysis, investigations, test, experiment & research on behalf of government, semi government, local authorities, private bodies and general public for all kinds of food items, chemicals, edible oils, agricultural raw material and products, industrial raw material and products, water materials, including, chemicals, agricultural products, edibles, and other items of industrial, domestic or commercial use.”
E-Voting Details
For the purpose of seeking member approval through Postal Ballot, the Cut-off date for reckoning members eligible to receive the notice electronically and to cast their e-Vote is set as Friday, March 6, 2026.
Director Profile Summaries (Key Highlights)
The annexure provided detailed profiles highlighting the extensive experience of the individuals involved:
- Mr. Abhiram Seth: Graduate in Economics (Delhi University) with a Master’s in Marketing (J. Bajaj Institute); founder of Aquagri promoting aqua agriculture.
- Mrs. Ambika Sharma: Degree in Business Economics (Delhi University, Summa Cum Laude); extensive EU executive training, including leadership programs at XLRI.
- Mr. Ashok Kumar Arora: An expert in operations with in-depth experience across all functions; currently President – Punjab Operations, LT Foods Limited.
- Ms. Rima Gupta: Marketing and brand strategy expert with nearly 40 years of experience, including 26 years in strategic marketing consulting across sectors like FMCG and IT.
Related Party Disclosures
In connection with the appointments, the disclosure confirms that Ms. Rima Gupta has no relation with any other Director. Conversely, Mr. Ashok Kumar Arora is related to the Promoter Group, specifically linked to Mr. Vijay Kumar Arora (Chairman & MD), Mr. Ashwani Kumar Arora (CEO & MD), and Mr. Surinder Kumar Arora (Managing Director).
Source: BSE
