Board of Directors of the Hindustan Foods Limited at its Meeting held on 8 September, 2022, have accepted the request of Mr. Shrinivas Dempo to step down as the Chairman of the Company with effect from the close of working hours of 8th November, 2022. Mr. Shrinivas Dempo shall continue to be the Non-Executive- Non Independent Director. Further, the Board of Directors has unanimously elected Mr. Shashi Kalathil to act as the Chairman of the Company.

Mr. Kalathil has rich operating experience of 3+ decades across consumer products, telecom, media and entertainment Industries and is a B.E. from Delhi College of Engineering and MBA from liM Bangalore.