The Board of Directors of LT Foods Limited, following a meeting on February 26, 2026, approved several significant governance changes pending shareholder approval via Postal Ballot. Key decisions included 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. Furthermore, Mr. Ashok Kumar Arora was re-appointed as Whole Time Director, and a substantial alteration to the company’s Memorandum of Association (Object Clause) was proposed.
Board Decisions on Director Appointments
LT Foods Limited announced the outcome of its Board Meeting held on Thursday, February 26, 2026. The Board, based on recommendations from the Nomination & Remuneration Committee, approved the following key personnel actions, subject to member approval:
- Re-appointment of Mr. Abhiram Seth (DIN: 00176144) as an Independent Director for a second term of five years, effective from July 22, 2026, to July 21, 2031.
- Re-appointment of Mrs. Ambika Sharma (DIN: 08201798) as an Independent Director for a second term of five years, effective from March 10, 2026, to March 9, 2031.
- Appointment of Ms. Rima Gupta (DIN: 00360408) as an Independent Director for five consecutive years, effective from April 8, 2026, to April 7, 2031.
- Appointment of Mr. Ashok Kumar Arora (DIN: 02259429) as the Whole Time Director for three consecutive years, effective from April 8, 2026, to April 7, 2029.
Alteration of Memorandum of Association
The Board also approved the Alteration of the Object Clause III(A) of the Memorandum of Association. This involved inserting a new sub-clause, III(A)(5), to expand the company’s scope to include:
“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 Cut-off Date Established
For the purpose of conducting the required Postal Ballot electronically and determining eligible members for e-Voting, the Board set the official cut-off date as Friday, March 6, 2026.
Director Profiles Summary
The Annexure provided detailed professional backgrounds for the appointees and re-appointees. Notably:
Mr. Abhiram Seth, an Economics Graduate from Delhi University, has deep roots in enterprise promotion through agriculture (Aquagri). Mrs. Ambika Sharma holds a Gold Medal from Delhi University in Business Economics and has experience in EU executive programs and leadership at the U.S.-India Business Council.
Mr. Ashok Kumar Arora is highlighted as an expert in operations with in-depth experience in FMCG operations and product sourcing, currently serving as President – Punjab Operations at LT Foods Limited. Ms. Rima Gupta brings nearly 40 years of professional experience, specializing in strategic marketing, brand building, and consulting across sectors like FMCG, IT, and hospitality.
The profiles confirm that all directors are deemed independent (where applicable) and are not debarred from holding office. Relationships confirm that Mr. Arora is related to the Promoter Group, specifically connected to Mr. Vijay Kumar Arora (Chairman & Managing Director), Mr. Ashwani Kumar Arora (CEO & MD), and Mr. Surinder Kumar Arora (Managing Director).
Source: BSE
