Vandan Foods Ltd

Vandan Foods Ltd has filed the Monitoring Agency Report for the quarter ended June 30, 2026, concerning the utilization of proceeds from its Initial Public Offering (IPO). The report, issued by Infomerics Valuation and Rating Limited, confirms no deviation from the IPO's stated objects. The company, being an SME Listed Company, is voluntarily complying with SEBI regulations. The IPO raised an aggregate of ₹30.36 crore.

Vandan Foods Ltd announced the appointment of Mr. Ankitkumar Surendrakumar Agrawal as an Additional Director (Non-Executive, Independent) effective August 06, 2026. The appointment, recommended by the Nomination and Remuneration Committee, is for an initial term of five years, concluding on August 05, 2031, subject to shareholder approval. Mr. Agrawal is a qualified Company Secretary with over 8 years of experience in corporate secretarial and compliance functions, holding an MBA and BBA. He is not related to any existing directors or key personnel and is not debarred by SEBI or any other authority. The board meeting where this was decided commenced at 11:00 AM and concluded at 12:00 Noon.

Mr. Manish Shrichand Bachani, an Independent Director at Vandan Foods Ltd, has resigned from his position effective July 24, 2026. The resignation is attributed to other professional commitments and resulting time constraints, which limit his ability to effectively fulfill his duties. Mr. Bachani has confirmed there are no other material reasons for his departure. He previously held directorships and committee memberships in several other listed companies, including Scarnose International Limited and Bridge Securities Limited.

Mr. Manish Shrichand Bachani, an Independent Director of Vandan Foods Ltd, has resigned from his position effective July 24, 2026. The resignation is attributed to other professional commitments and resulting time constraints, which he stated limit his ability to effectively fulfill his duties. Mr. Bachani has confirmed there are no other material reasons for his departure. He previously served on various committees at other listed entities, including Scarnose International Limited and Bridge Securities Limited.

Vandan Foods Ltd announced the extension of a corporate guarantee for credit facilities availed by Pharmearth Private Limited. The guarantee is in relation to revised credit facilities from Bank of India, amounting up to INR 17.85 Crores. Pharmearth Private Limited is not a related party, promoter, or promoter group of Vandan Foods. The directors and shareholders of Pharmearth hold a minor shareholding of approximately 0.84% in Vandan Foods. The company states the guarantee is a contingent liability with no immediate impact and was provided on an arm's length basis.

Vandan Foods Ltd's board approved the audited standalone financial results for the half year and financial year ended March 31, 2026, based on the Audit Committee's recommendation. The auditor's report by M/s Piyush Kothari & Associates expressed an unmodified opinion on the financial results. The board meeting, where these results were approved, commenced at 05:30 PM (IST) and concluded at 07:15 PM (IST).

Vandan Foods Ltd's board approved the audited standalone financial results for the half-year and financial year ended March 31, 2026. The audit report by M/s Piyush Kothari & Associates, Statutory Auditors, expressed an unmodified opinion. The board meeting commenced at 05:30 PM (IST) and concluded at 07:15 PM (IST).

Vandan Foods Ltd reports no deviation in the utilization of IPO proceeds as per the prospectus dated June 23, 2025. The report, filed for the half-year ended March 31, 2026, was reviewed by the Audit Committee and Board of Directors on May 22, 2026. The IPO raised ₹30.36 crores, and a Statutory Auditor’s Certificate for the period is enclosed, confirming fund utilization aligned with original objectives.

Vandan Foods Ltd has submitted a Monitoring Agency Report for the quarter ended March 31, 2026, in compliance with SEBI regulations regarding the utilization of IPO proceeds. The report, issued by Infomerics Valuation and Rating Limited, indicates no deviation from the stated objectives of the IPO. Vandan Foods, an SME listed company, is voluntarily complying with these regulations.

Vandan Foods Ltd has scheduled a meeting of its Board of Directors on May 22, 2026, to consider and approve the audited standalone financial results for the half-year and financial year ended March 31, 2026. The board will also take note of the Auditors’ Report and discuss other matters with the Chair's permission.