LT Foods Limited announced the outcomes of its Board Meeting held on February 26, 2026. Key approvals include the re-appointment of two Independent Directors, Mr. Abhiram Seth and Mrs. Ambika Sharma, for second terms. Additionally, Ms. Rima Gupta was appointed as an Independent Director. The Board also approved the appointment of Mr. Ashok Kumar Arora as Whole Time Director and made significant alterations to the company’s Memorandum of Association, specifically regarding its business objects.
Key Director Decisions Approved
The Board of Directors of LT Foods Limited, following the meeting on Thursday, February 26, 2026, inter-alia approved several crucial personnel changes, subject to member approval via Postal Ballot:
- Re-Appointment of Mr. Abhiram Seth: Approved as an Independent Director for a second term of 5 (five) years, effective from July 22, 2026, to July 21, 2031.
- Re-Appointment of Mrs. Ambika Sharma: Approved as an Independent Director for a second term of 5 (five) years, effective from March 10, 2026, to March 9, 2031.
- Appointment of Ms. Rima Gupta: Appointed as an Independent Director for 5 (five) consecutive years, effective from April 8, 2026, to April 7, 2031.
- Appointment of Mr. Ashok Kumar Arora: Appointed as the Whole Time Director for 3 (three) consecutive years, effective from April 8, 2026, to April 7, 2029.
The announcement confirmed that all afore-mentioned Directors are not debarred from holding directorial office.
Alteration to Memorandum of Association
The Board also sanctioned the Alteration of the Object Clause III(A) of the Memorandum of Association of the Company by inserting a new sub-clause, III(A)(5). This change significantly broadens 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
For the purpose of calculating members eligible to receive the Postal Ballot Notice electronically and for e-Voting, the specified Cut-off date is Friday, March 6, 2026.
The Board Meeting commenced at 2:30 P.M (IST) and concluded at 3:40 P.M (IST) on the date of the announcement.
Director Profile Summaries (Annexure Highlights)
Mr. Abhiram Seth (Re-appointment)
Mr. Seth holds a Graduate degree in Economics from Delhi University and a Master’s in Management Studies (Marketing Specialisation). He is also the founder of Aquagri, an enterprise promoting aqua agriculture. His profile highlights extensive experience in international trade, economic relations, and foreign trade policy.
Mrs. Ambika Sharma (Re-appointment)
Mrs. Sharma holds a Degree in Business Economics (graduated summa cum laude). Her executive leadership training includes programs at XLRI, Jamshedpur. She has served as the Managing Director (India) for the U.S.-India Business Council.
Mr. Ashok Kumar Arora (Appointment)
Mr. Arora is an expert in operations with in-depth experience across all functions. He is currently the President – Punjab Operations, LT Foods Limited and Director on the Board of Daawat Foods Limited (wholly owned subsidiary). His experience spans FMCG operations and product sourcing.
Ms. Rima Gupta (Appointment)
Ms. Gupta is a Marketing and brand strategy expert with nearly 40 years of experience, including 26 years in strategic marketing consulting across diverse sectors like FMCG, IT, and hospitality. Her leadership roles include working with organizations such as Nestle, ITC Limited, Tata Motors, and Unilever. She is a founder of Open Doors Consult.
Disclosure of Relationships
Mr. Ashok Kumar Arora is noted as being Related to members of the Promoter Group, specifically Mr. Vijay Kumar Arora (Chairman & Managing Director), Mr. Ashwani Kumar Arora (CEO and Managing Director), and Mr. Surinder Kumar Arora (Managing Director).
Source: BSE
