Board Meeting29 May 2026, 03:04 pm
Avanti Feeds: Dr. A. Indra Kumar Re-Appointed as CMD
AI Summary
Avanti Feeds Ltd. announced the re-appointment of Dr. A. Indra Kumar as Chairman & Managing Director for a further period of 5 years, effective from July 1, 2026, to June 30, 2031. This corrects a clerical error in the previous announcement. The board also approved a final dividend of ₹10 per equity share for FY26, subject to shareholder approval. Additionally, Sri C. Ramachandra Rao was re-appointed as Joint Managing Director and Company Secretary for five years and Mrs. B. Santhi Latha was designated as CFO from June 1, 2026.
Key Highlights
- Dr. A. Indra Kumar re-appointed as Chairman & MD for 5 years (July 1, 2026 - June 30, 2031).
- Final dividend of ₹10 per share approved for FY26, pending shareholder approval.
- Sri C. Ramachandra Rao re-appointed as Joint MD & Company Secretary for 5 years.
- Mrs. B. Santhi Latha designated as CFO, effective June 1, 2026.
- Commission to Non-Executive Directors capped at ₹1.00 crore for FY 2026-27 to FY 2030-31.
Price Impact
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