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Shares of Patanjali Foods Ltd (erstwhile Ruchi Soya Industries Ltd) hit a lower circuit during morning trading after BSE and National Stock Exchange (NSE)
The advertisements, Babu wrote, violated the Drug and Magic Remedies Act, which prohibits the advertisement of treatments for a range of health disorders.
Patanjali Ayurved group firm Ruchi Soya Industries Ltd s shareholders have approved the appointment of Yoga guru Swami Ram Dev, his younger brother Ram Bharat and close aide Acharya Balkrishna on the company s board. In a regulatory filing, Ruchi Soya, which sells soya products under Nutrela brand, said the shareholders have approved all resolutions at the annual general meeting with requisite majority.
Ruchi Soya had sought shareholders approval for appointment of Ram Bharat, 41, as the managing director of the company as well as to re-designate Acharya Balkrishna as chairman of the company and appointment of Swami Ramdev, 49, as a director on the company board.