Mayank Cattle Food Ltd Approves Multiple Director Remuneration Revisions and Appoints New Cost Auditor
A meeting of the Board of Directors of Mayank Cattle Food Ltd concluded on July 08, 2026, during which several key business decisions were approved, including revisions to the remuneration of multiple directors, the appointment of a new Cost Auditor, and fixing crucial dates for the upcoming Annual General Meeting (AGM).The Board approved the Director's Report along with all annexures for the financial year 2025-26, which will be presented before the members at the ensuing AGM for adoption.
Remuneration Revisions Approved
The Board meeting sanctioned revisions to the annual remuneration of several key directors, effective from April 01, 2026. These changes are subject to shareholder approval.The approved revisions include:
- Mr. Bharatkumar Popatlal Vachhani (Managing Director): His remuneration was revised from Rs. 50,00,000/- per annum to Rs. 72,00,000/- per annum.
- Mr. Ajay Popatlal Vachhani (Whole-Time Director): His annual remuneration was increased from Rs. 50,00,000/- to Rs. 72,00,000/- per annum.
- Mr. Ankit Bharatbhai Vachhani (CFO and Director): The remuneration for Mr. Vachhani was approved at a revision from Rs. 18,00,000/- to Rs. 25,00,000/- per annum.
- Mr. Tanmai Ajaybhai Vachhani (Whole-Time Director): His remuneration was revised from Rs. 6,00,000/- to Rs. 10,00,000/- per annum.
- Mr. Mayank Bharatkumar Vachhani (Whole-Time Director): Similarly, Mr. Vachhani’s remuneration was increased from Rs. 6,00,000/- to Rs. 10,00,000/- per annum.
A detailed summary of the approved remuneration changes is provided below:
| Director Name | Role | Previous Remuneration (Per Annum) | Revised Remuneration (Per Annum) | Effective Date |
|---|---|---|---|---|
| Bharatkumar Popatlal Vachhani | Managing Director | Rs. 50,00,000/- | Rs. 72,00,000/- | 01.04.2026 |
| Ajay Popatlal Vachhani | Whole-Time Director | Rs. 50,00,000/- | Rs. 72,00,000/- | 01.04.2026 |
| Ankit Bharatbhai Vachhani | CFO and Director | Rs. 18,00,000/- | Rs. 25,00,000/- | 01.04.2026 |
| Tanmai Ajaybhai Vachhani | Whole-Time Director | Rs. 6,00,000/- | Rs. 10,00,000/- | 01.04.2026 |
| Mayank Bharatkumar Vachhani | Whole-Time Director | Rs. 6,00,000/- | Rs. 10,00,000/- | 01.04.2026 |
Operational Appointments and AGM Details
The Board meeting also addressed several operational matters:- Cost Auditor Appointment: M/s Tadhani & Co., Cost Accountants, were appointed as the Cost Auditors of the Company for the financial year 2026-27. The firm was founded and is chaired by Mr. Niketan Tadhani, who possesses over 12 years of experience in areas including Cost Audit, direct and indirect Taxation, SAP Implementation, MIS, Transfer pricing, Project Finance, and Banking.
- Scrutinizer Appointment: Mr. Dixit Dipakkumar Shah, Proprietor of M/s Dixit Shah & Associates, was appointed as a scrutinizer for the ensuing Annual General Meeting.
- AGM Dates Fixed: The Board fixed the cut-off date to record entitlement of shareholders to cast their vote electronically at the 28th Annual General Meeting as July 24, 2026. Furthermore, the notice convening the 28th Annual General Meeting was approved.
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