Radico Khaitan : Q4 FY2024 Financial Results

RKL/SX/2024-25/17

May 14, 2024

BSE Ltd.	National Stock Exchange of India Ltd.
Phiroze Jeejeebhoy Towers	Exchange Plaza, 5th Floor, Plot no. C/1
Dalal Street	G Block, Bandra-Kurla Complex,
Mumbai - 400 001	Bandra (E), Mumbai - 400 051
Scrip Code: 532497	Symbol: RADICO

Sub: Outcome of the Meeting of Board of Directors held on Tuesday, May 14, 2024

Dear Sir / Madam,

Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors of the Company had, at its meeting held today i.e. Tuesday, May 14, 2024, inter-alia, approved the following matters:

1. Audited Financial Results
   Pursuant to the Regulations 30 & 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ("Listing Regulations") the Board of Directors of the Company have considered and approved the Audited Standalone and Consolidated Financial Results of the Company for the quarter and financial year ended March 31, 2024, as recommended by the Audit Committee.
   In this regard, please find enclosed herewith the Audited Standalone and Consolidated Financial Results of the Company for the quarter and financial year ended March 31, 2024 ("Financial Results") along with Independent Auditors' Report thereon, with unmodified opinion and the declaration in this regard as Annexure-I.
2. Declaration of Dividend
   The Board of Directors of the Company recommended a Dividend of 150%, i.e. Rs. 3 per equity shares of Rs. 2 each for the financial year ended March 31, 2024, subject to the approval of the Shareholders at the ensuing Annual General Meeting. The dividend, if approved by the shareholders at the ensuing Annual General Meeting of the Company, will be paid within 30 days from declaration at the Annual General Meeting.

RADICO KHAITAN LIMITED

Plot No. J-l, Block B-1, Mohan Co-op. Industrial area

Mathura Road, New Delhi-110044

Ph: (91-11) 4097 5444/555 Fax: [phone]

Registered Office: Rampur Distillery, Bareilly Road, Rampur-244901 (UP.)

Phones: 0595-2350601/2, 2351703 Fax: [phone]

E-mail: [e-mail], website: www.radicokhaitan.com

CIN No.: L26941UP1983PLC027278

1. Appointment/ Re-appointment of Joint Internal Auditors for Financial Year 2024-25
   M/s Ernst & Young LLP has been appointed as a Joint Internal Auditor for Financial Year 2024-25.
   Further, M/s SCV & Co. LLP, Chartered Accountants, is re-appointed as a Joint Internal Auditor of the Company for Financial Year 2024-25.
2. Annual General Meeting and Book Closure
   The 40th Annual General Meeting of the Company will be held on Wednesday, August 7, 2024 at the Registered Office of the Company.
   The Register of Members of the Company shall remain closed from Friday, July 26, 2024 to Wednesday, August 7, 2024 (both days inclusive) for the purpose of payment of dividend. Members whose names are appearing on the register of members as on Thursday, July 25, 2024 shall be eligible for dividend.
3. Changes in DirectorsCessation of Directors
   The Board of Directors noted the following cessation of the Directors from the Board of the Company:
4. 1. Mr. Krishan Pal Singh (DIN: 00178560), Whole-time Director of the Company has submitted his resignation as a Director and Whole-time Director of the Company with effect from July 1, 2024, citing personal reasons.
   2. The tenure of Mr. Sarvesh Srivastava (DIN: 06869261), Independent Director of the Company, for two consecutive terms of five years each will expire on May 29, 2024. Consequent to the completion of the second term, Mr. Sarvesh Srivastava ceases to be an Independent Director of the Company from the close of business hours on May 29, 2024.

Appointment of Directors

The Board of Directors has, on the recommendation of the Nomination, Remuneration and Compensation Committee, approved the following appointments of directors:

1. Appointment of Mr. Pushp Jain (DIN: 00033289) as Additional Director in the category of Non-Executive Independent Director of the Company for a term of five consecutive years effective from May 30, 2024 upto May 29, 2029.

RADICO KHAITAN LIMITED

Plot No. J-l, Block B-1, Mohan Co-op. Industrial area

Mathura Road, New Delhi-110044

Ph: (91-11) 4097 5444/555 Fax: [phone]

Registered Office: Rampur Distillery, Bareilly Road, Rampur-244901 (UP.)

Phones: 0595-2350601/2, 2351703 Fax: [phone]

E-mail: [e-mail], website: www.radicokhaitan.com

CIN No.: L26941UP1983PLC027278

1. Appointment of Mr. Amar Singh (DIN: 10616954) as an Additional Director in the category of Whole-time Director for a term of five consecutive years effective from July 2, 2024 to July 1, 2029.

We confirm that, to the best of our knowledge and information and as confirmed by Mr. Pushp Jain and Mr. Amar Singh, they have not been debarred from holding the office of Director by virtue of any order of SEBI or any other authority.

Further, Mr. Pushp Jain has confirmed that he meets the criteria of Independence under the provisions of the Companies Act, 2013 and Listing Regulations.

The above appointments shall be subject to the approval of the shareholders at the ensuing Annual General Meeting.

The details as per the requirement of Regulation 30 of Listing Regulations read with SEBI Circular SEBI/HO/CFD/CFD-PoD-1/P/C1R12023/123 dated July 13, 2023, is given in Annexure-II.

The meeting of the Board of Directors commenced at 12:45 P.M. and concluded at 03:45 P.M.

We request you to take the same on records.

Thanking you,

Yours faithfully,

For Radico Khaitan Limited

Dinesh Kumar Gupta

Digitally signed by Dinesh Kumar Gupta Date: 2024.05.14 15:55:39 +05'30'

(Dinesh Kumar Gupta)

Senior Vice President - Legal &

Company Secretary

Email Id: [e-mail]

Encl.: As above

RADICO KHAITAN LIMITED

Plot No. J-l, Block B-1, Mohan Co-op. Industrial area

Mathura Road, New Delhi-110044

Ph: (91-11) 4097 5444/555 Fax: [phone]

Registered Office: Rampur Distillery, Bareilly Road, Rampur-244901 (UP.)

Phones: 0595-2350601/2, 2351703 Fax: [phone]

E-mail: [e-mail], website: www.radicokhaitan.com

CIN No.: L26941UP1983PLC027278