Krishival Foods logo

Krishival Foods MD, chairman, board of directors and AGM

NSE: KRISHIVALBSE: 544416Food ProductsSmall Cap

Formerly Empyrean Cashews
Last close ₹345.00down ₹20.85 (5.70%)BSE ₹337.85

Share price at the NSE close on 23 Oct 2026. Previous close ₹365.85.

52-week range of traded prices to 23 Oct 2026
₹282.30Low, 9 Mar 2026₹508.00High, 23 Oct 2025
Market cap
₹884 Cr1,551st largest listed
P/E
Owners' profit not stated
P/B
4.6
Dividend yield
0.10%
ROCE
9.9%
Debt to equity
0.18
Volume, NSE
12,84267.1% delivered

Krishival Foods board of directors

At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • Managing directorAparna Sujit Bangar
  • ChairpersonSunil Kumar AgarwalRelated to the promoter

8 directors4 independent4 executive

  • Aparna Sujit Bangar · Managing directorExecutive · joined Aug 2021 · reappointed Aug 2024 · 1 listed board
  • Nana Prakash MhaskeExecutive · joined Aug 2021 · reappointed Aug 2024 · 1 listed board
  • Anant Pandurang KulkarniExecutive · joined Aug 2021 · reappointed Aug 2024 · 1 listed board
  • Shailesh Kumar JainIndependent · joined Aug 2021 · reappointed Oct 2021 · 52 months as independent · 1 listed board · 1 as independent · 2 committee seats, 2 as chair
  • Neeraj Kulbhushan TaandonIndependent · joined Aug 2021 · reappointed Oct 2021 · 52 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • Sunil Kumar Agarwal · ChairpersonIndependent · joined Oct 2021 · reappointed Oct 2021 · 52 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • Sujit Sudhakar BangarExecutive · joined Jul 2025 · 14 months as independent · 1 listed board
  • Hrushikesh Moreshwar BahekarIndependent · joined Jul 2025 · 14 months as independent · 1 listed board · 1 as independent · 2 committee seats

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 22 Sep 20268 of 8 present4 independent · 19 days in between
    • 2 Sep 20267 of 8 present3 independent · 6 days in between
    • 26 Aug 20266 of 8 present3 independent · 14 days in between
    • 11 Aug 20268 of 8 present4 independent · 5 days in between
    4 earlier meetings
    • 5 Aug 20268 of 8 present4 independent · 27 days in between
    • 8 Jul 20266 of 8 present2 independent · 40 days in between
    • 28 May 20268 of 8 present4 independent · 23 days in between
    • 4 May 20267 of 8 present4 independent

  • Audit Committee

    Chair Shailesh Kumar Jain

    Neeraj Kulbhushan Taandon, Hrushikesh Moreshwar Bahekar, Sunil Kumar Agarwal

    • 22 Sep 20264 of 4 present4 independent · 19 days in between
    • 2 Sep 20263 of 4 present3 independent · 6 days in between
    • 26 Aug 20263 of 4 present3 independent · 14 days in between
    • 11 Aug 20264 of 4 present4 independent · 33 days in between
    3 earlier meetings
    • 8 Jul 20262 of 4 present2 independent · 40 days in between
    • 28 May 20264 of 4 present4 independent · 23 days in between
    • 4 May 20264 of 4 present4 independent

  • Nomination and remuneration committee

    Chair Shailesh Kumar Jain

    Sunil Kumar Agarwal, Neeraj Kulbhushan Taandon, Hrushikesh Moreshwar Bahekar

    • 2 Sep 20263 of 4 present3 independent
    • 5 Aug 20264 of 4 present4 independent · 92 days in between
    • 4 May 20264 of 4 present4 independent

  • Stakeholders Relationship Committee

    Chair Shailesh Kumar Jain

    Sunil Kumar Agarwal, Neeraj Kulbhushan Taandon, Hrushikesh Moreshwar Bahekar

    • 4 May 20264 of 4 present4 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Jun 2026.

  • Tamanna Parmar and AssociatesPeer-review certificate valid to Jan 2027
2 earlier auditors
  • TAMANNA PARMAR & ASSOCIATESNamed in the filing for the quarter to Mar 2026
  • TAMANAA PARMAR & ASSOICATESNamed in filings from Mar 2025 to Sep 2025

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Krishival Foods AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Krishival Foods dividend history

Annual general meeting, 28 Sep 2026

2,196 shareholders on the register on 21 Sep 2026; present: 3 promoters and 24 others; votes counted by Nithish Bangera / NVB and Associates.The company's voting result (opens in a new tab)

  1. (a) To consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March, 2026 together with the Reports of the Board of Directors and Auditors thereon. (b) To consider and adopt the Audited Consolidated Financial Statements of the Company for the Financial Year ended 31st March, 2026 together with the Report of the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 61.51% · promoters 99.04% · institutions 0.00% · other public 67.06%

  2. To declare Final Dividend of Rs. 0.35 (Thirty Five Paise only) per Equity Share of Face Value Rs. 10/- (Rupees Ten only) each for the Financial Year ended 31st March 2026
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 61.51% · promoters 99.04% · institutions 0.00% · other public 67.06%

  3. Appointment of Statutory Auditors of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 61.51% · promoters 99.04% · institutions 0.00% · other public 67.06%

  4. Re-appointment of Mr. Shailesh Kumar Jain (DIN: 08531336) as a Non-Executive Independent Director of the Company for a second consecutive term
    SpecialNot passedRecorded as not passed although most votes were for it; no reason is given
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 61.51% · promoters 99.04% · institutions 0.00% · other public 67.06%

  5. Re-Appointment of Mr. Neeraj Kulbhushan Taandon (DIN: 08747380) as a Non-Executive Independent Director of the Company for a second consecutive term
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 61.51% · promoters 99.04% · institutions 0.00% · other public 67.06%

  6. Re-Appointment of Mr. Sunil Kumar Agarwal (DIN: 08676321) as a Non-Executive Independent Director of the Company for a second consecutive term
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 61.51% · promoters 99.04% · institutions 0.00% · other public 67.06%

  7. Approval for Additional Loan granted to Melt ‘N’ Mellow Foods Private Limited, Subsidiary of the Company
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 23.82% · promoters 0.00% · institutions 0.00% · other public 67.06%

  8. Approval for granting Corporate Guarantee to Melt ‘N’ Mellow Foods Private Limited, Subsidiary of the Company
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 23.82% · promoters 0.00% · institutions 0.00% · other public 67.06%

  9. Approval of Related Party Transaction
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 23.82% · promoters 0.00% · institutions 0.00% · other public 67.06%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 13 Apr 2026, 2 resolutions

1,811 shareholders on the register on 6 Mar 2026; votes counted by Maithili Nandedkar / MNB & Co. LLP.The company's voting result (opens in a new tab)

  1. Approval of Related Party Transactions
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 22.53% · promoters 0.00% · institutions 0.00% · other public 35.88%

  2. Approval for Additional Loan and Conversion of Previous and new loan into Equity Shares granted to Melt ‘N’ Mellow Foods Private Limited, Subsidiary of the Company
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 22.53% · promoters 0.00% · institutions 0.00% · other public 35.88%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 21 Nov 2025, 1 resolution

1,404 shareholders on the register on 14 Nov 2025; present: 3 promoters and 19 others; votes counted by Maithili Nandedkar / MNB & Co. LLP.The company's voting result (opens in a new tab)

  1. To Increase the Authorised Share Capital of The Company and to Alter Capital Clause of Memorandum of Association
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · other public 0.00%

    Turnout: all 71.26% · promoters 100.00% · other public 54.22%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 25 Sep 2025, 6 resolutions

1,241 shareholders on the register on 18 Sep 2025; present: 3 promoters and 15 others; votes counted by CS Maithili Nandedkar / M/s. MNB & Co. LLP.The company's voting result (opens in a new tab)

  1. (a) To consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March, 2025 together with the Reports of the Board of Directors and Auditors thereon. (b) To consider and adopt the Audited Consolidated Financial Statements of the Company for the Financial Year ended 31st March, 2025 together with the Report of the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 68.79% · promoters 96.32% · institutions 0.00% · other public 52.48%

  2. To declare Final Dividend of Rs. 0.24 (Twenty-Four Paise only) per Equity Share of Face Value Rs. 10/- (Rupees Ten only) each for the Financial Year ended 31st March 2025.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 68.79% · promoters 96.32% · institutions 0.00% · other public 52.48%

  3. To Approve the Appointment of Mr. Sujit Sudhakar Bangar (DIN: 07871115) as Chairperson and Whole- Time Director of the Company and approval of Remuneration
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 32.95% · promoters 0.00% · institutions 0.00% · other public 52.48%

  4. Appointment of Mr. Hrushikesh Moreshwar Bahekar (DIN: 11194097) as a Non-Executive Independent Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 68.79% · promoters 96.32% · institutions 0.00% · other public 52.48%

  5. Approval of Related Party Transaction
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 68.79% · promoters 96.32% · institutions 0.00% · other public 52.48%

  6. Appointment Of M/s. DSM and Associates, Company Secretaries as the Secretarial Auditor of the Company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 68.79% · promoters 96.32% · institutions 0.00% · other public 52.48%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 26 Jun 2025, 1 resolution

587 shareholders on the register on 19 Jun 2025; present: 3 promoters and 14 others; votes counted by Maithili Nandedkar / MNB & Co. LLP.The company's voting result (opens in a new tab)

  1. Approval of related party transactions
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 33.22% · promoters 0.00% · institutions 0.00% · other public 52.88%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 6 Jun 2025, 1 resolution

511 shareholders on the register on 2 May 2025; votes counted by Maithili Nandedkar / MNB & Co. LLP.The company's voting result (opens in a new tab)

  1. Migration From SME Platform of National Stock Exchange of India Limited (NSE- Emerge) to Main Board of National Stock Exchange of India Limited
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 33.49% · promoters 0.00% · institutions 0.00% · other public 53.35%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 13 Sep 2024, 5 resolutions

Present: 3 promoters and 12 others.The company's voting result (opens in a new tab)

  1. (a) To consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March, 2024 together with the Reports of the Board of Directors and Auditors thereon. nn(b) To consider and adopt the Audited Consolidated Financial Statements of the Company for the Financial Year ended 31st March, 2024 together with the Report of the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 68.64% · promoters 96.32% · institutions 0.00% · other public 52.26%

  2. To declare Final Dividend of Rs. 0.20 (Twenty Paise only) per Equity Share of Face Value Rs. 10/- (Rupees Ten only) each for the Financial Year ended 31st March 2024
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 68.64% · promoters 96.32% · institutions 0.00% · other public 52.26%

  3. To Approve the Re-Appointment of Ms. Aparna Morale Bangar (DIN: 05332039), Chairperson and Managing Director of The Company and Approval of Remuneration
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 32.83% · promoters 0.00% · institutions 0.00% · other public 52.26%

  4. To Approve Re-Appointment of Mr. Nana Prakash Mhaske (DIN:01911731) as an Executive Director and Chief Executive Officer (CEO) of the Company and Approval of Remuneration
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 32.83% · promoters 0.00% · institutions 0.00% · other public 52.26%

  5. To Approve Re-Appointment of Mr. Anant Pandurang Kulkarni (DIN: 01887356) As an Executive Director and Chief Financial Officer (CFO) and Approval of Remuneration
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 32.83% · promoters 0.00% · institutions 0.00% · other public 52.26%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 27 Jan 2024, 3 resolutions

The company's voting result (opens in a new tab)

  1. REVISION IN REMUNERATION OF MR. ANANT PANDURANG KULKARNI, EXECUTIVE DIRECTOR CUM CHIEF FINANCIAL OFFICER
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 36.92% · promoters 0.00% · institutions 0.00% · other public 72.01%

  2. REVISION IN REMUNERATION OF MR. NANA PRAKASH MHASKE, EXECUTIVE DIRECTOR CUM CHIEF EXECUTIVE OFFICER
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 36.92% · promoters 0.00% · institutions 0.00% · other public 72.01%

  3. MAKING INVESTMENT IN WHOLLY OWN SUBSIDIARY COMPANY
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 36.92% · promoters 0.00% · institutions 0.00% · other public 72.01%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Tax disputes and stakes in unlisted companies

Reported in the filing for the quarter to Sep 2026.

  • Unlisted stake heldSiddhivinayak Cashew Industries Private LimitedSince 8 Jan 2022

    0.00% bought in the quarter; holding 100.00%, from 100.00%

  • Unlisted stake heldMelt 'N' Mellow Foods Private LimitedSince 16 Sep 2024

    0.00% bought in the quarter; holding 52.94%, from 52.94%

  • Tax disputeIncome Tax Act, 1961Since 21 Dec 2018
    Of the Rs. 66,43,462/- disputed amount, company has deposited amount of Rs 7,00,000 till 31-03-2024, under protest. Application is pending before Commissioner of Income Tax (Appeals)
    At the filing before: Of Rs. 66,43,462/- disputed amount, company has deposited amount of Rs 7,00,000 till 31-03-2024, under protest. Application is pending before Commissioner of Income Tax (Appeals)

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
No
The chair is related to the managing director
Yes
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.

How money raised was used

Reported for the quarter to Jun 2026. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far.

RaisedAmount raisedForSet asideSpentSpent elsewhere
Rights IssuesJan 2026, checked by Brickwork Ratings India Private Limited34.99Part-funding of capital expenditure for setting up a processing and packaging unit for cashews and other nuts at Kolhapur, Maharashtra25.0013.75No
Rights IssuesJan 2026, checked by Brickwork Ratings India Private Limited34.99Part-funding working capital requirements of the Company50.009.92No
₹ crore. Checked by is the agency appointed to monitor how the money is used. The reason and the comments are the company's, its audit committee's and its auditors' own words.