Tasty Bite Eatables Limited has issued a Postal Ballot Notice to seek shareholder approval for several key matters. The company is proposing to approve material related party transactions for the Financial Year 2026-27 with its holding company, Preferred Brands International, Inc., for an aggregate value not exceeding ₹300 crore (3000 Million). Additionally, approvals are sought for transactions with fellow subsidiaries Mars Food UK Limited, with an aggregate value not exceeding ₹200 crore (2000 Million), and Mars Food US LLC, for an aggregate value not exceeding ₹300 crore (3000 Million). The company also seeks post-facto approval for material related party transactions entered into with Mars Food UK Limited for the Financial Year 2025-26, amounting to ₹64.88 crore (648.88 Million), which exceeded the materiality threshold. These past transactions were due to unexpected demand for a recently innovated product range. Furthermore, Tasty Bite Eatables Limited is proposing a revision in the remuneration of Mr. Rahul Bhatnagar, Non-executive, Independent Director. His annual remuneration is set to be revised from ₹10 Lakh to ₹20 Lakh, effective from June 1, 2026. The e-voting period for these resolutions will commence on Thursday, June 4, 2026, at 9:00 a.m. IST and conclude on Friday, July 3, 2026, at 5:00 p.m. IST. The notice and details of the resolutions are available on the company's website and stock exchange websites.
