These shifts are not short-term fluctuations; they mark a deeper
transformation. Your company is responding with clarity and resolve—protecting the
core, preparing for what's next, and anchoring its decisions in a long-term view of
value creation.
Dear Shareholders,
The past year has been a period of rapid change for the global economy,
for India, and for the food industry. Despite this shifting landscape, Tasty Bite stayed
true to its core purpose and made steady progress toward its long-term goals.
The broader global environment continues to be shaped by rising
protectionism, evolving consumer expectations, and growing urgency around climate and
resource challenges. At the same time, India is stepping into a larger role—both as a
key part of global supply chains and as one of the most promising consumption markets in
the world.
These shifts are not short-term fluctuations; they mark a deeper
transformation. Your company is responding with clarity and resolve—protecting the
core, preparing for what's next, and anchoring its decisions in a long-term view of
value creation.
A Broader View of the Future
As a Board, we continue to guide Tasty Bite through a dual lens:
long-term opportunity and near-term responsibility. A few themes stand out.
India's Moment Is Real
We believe India is no longer just a manufacturing base—it is
becoming a brand-building market. For a company like ours, with deep expertise in Indian
cuisine and strong global credentials, this is a natural evolution. The leadership team is
building for this moment with discipline—starting with foodservice and readying for a
larger consumer play.
The World Wants Trusted Partners
As global supply chains adapt, international customers are looking
beyond cost—they want reliability, transparency, and purpose-driven partners. Tasty
Bite is earning that trust by staying consistent, staying compliant, and staying committed
to quality.
Sustainability Is a Core Capability
Our investments in clean energy, water stewardship, and regenerative
agriculture are not only the right thing to do—they also make our operations more
efficient and our partnerships more valuable. These are capabilities that compound over
time.
Governance That Grounds Us
The Board's role is to ensure that we protect what matters while
enabling bold, future-facing choices. Over the past year, we:
Strengthened our governance and risk processes—ensuring that
growth initiatives are backed by rigorous reviews.
Focused on aligning our priorities with the values that have defined
Tasty Bite for over 25 years: simplicity, transparency, and integrity.
Continued to deepen Board independence and oversight—ensuring that
our decisions are not only well-informed but also well-intentioned.
We are especially proud of how the company responded to external
pressures such as tariff challenges in the U.S.—not with panic, but with patience,
planning, and progress.
A New Chapter
FY 2024-25 was the first full year under the leadership of our new
Managing Director, Dilen Gandhi. The Board has been encouraged by the clarity of vision
and the disciplined execution with which the company is navigating this
transition—from an export-led manufacturer to a more consumer-centric, India-forward
enterprise.
At the same time, we remain fully committed to our export markets,
which continue to serve as both a foundation of strength and a source of learning and
innovation. It is this balance—between continuity and change—that gives us
confidence in the path ahead.
Looking Ahead
The global environment may remain unpredictable—but some things
are certain. Indian cuisine is winning hearts around the world.
Indian consumers are seeking more convenience without compromise. And
responsible business practices will only grow in importance.
Tasty Bite is positioned to thrive in this future—not because we
chase every trend, but because we stay true to our purpose while continuing to evolve. The
future will reward companies that are trusted, adaptive, and built to last.
On behalf of the Board, I thank you—our shareholders, associates,
customers, and partners—for your continued trust. It is your belief in us that powers
our progress.
| Warm regards, |
| Pradeep Poddar |
| Chairman |