Riddhi Siddhi Gluco Biols Ltd

Change details

• New registered office: House No. 179, Sector 15, Huda, Jagadhri, Yamunanagar, Haryana 135003.
• Effective date: 30 September 2026.
• Jurisdiction: Gujarat to Haryana (inter-state change).
• Approvals: Regional Director order (18 Sep 2026) and ROC Haryana approval (30 Sep 2026).
• CIN updated to L10620HR1990PLC151222.
• Fresh Certificate of Incorporation issued.

AGM Details

• Date: 25 September 2026 (Friday).
• Mode: Video Conferencing (VC).
• Cut-off date for shareholders: 18 September 2026.

Key Resolutions

• Resolution 1 passed; promoter 100% in favour; public 98.70% in favour; 80.10% turnout.
• Resolution 2 passed; promoter 99.62% in favour; public 98.70% in favour.
• Resolution 3 passed; dividend approved; public 98.70% in favour; two votes against.
• Resolution 4 passed; auditors reappointed; promoter 100%; public 98.70% in favour.
• Resolution 5 passed; Taral Shah appointed Independent Director; promoter 100%; public 98.70%.
• Resolution 6 passed; borrowings from Bluecraft Agro Pvt Ltd; promoter 100%; public 98.70%.

Dividend

• Dividend on equity shares declared for FY ended 31 March 2026; amount per share not disclosed.

Directors & Auditors

• Taral Shah appointed Independent Director.
• Batliboi & Purohit re-appointed as statutory auditors for five-year term.

Related Party Transactions

• Approval for related party borrowings from Bluecraft Agro Pvt Ltd.

AGM Details

• 35th AGM held on 25 September 2026 at 04:30 PM via VC/OAVM.
• Quorum achieved with 34 shareholders representing 69,404 equity shares.
• Notice convening AGM dated 31 August 2026.
• Remote e-voting from 22 September 2026, 9:00 AM to 24 September 2026, 5:00 PM.
• Meeting concluded at 4:57 PM; e-voting available for 15 minutes after closing.
• Scrutinizer appointed for votes: Kinjal Shah; results to be declared within 2 working days.

Voting & Results

• Voting results to be declared within 2 working days and placed on the company's website.
• Results will also be communicated to BSE Limited.

Registered office shift approval

• Order dated Sept 18, 2026 approves alteration of MOA to shift registered office.
• Shift of registered office from Gujarat to Haryana pursuant to approved MOA.
• Approval granted under Section 13(4) of the Companies Act, 2013.

AGM Details

• Date and time: 25 September 2026, 04:30 PM.
• Mode: VC/OAVM.
• Dividend record date: 18 September 2026.
• Voting cut-off date: 18 September 2026.

Resolutions proposed

• Adopt standalone financial statements for FY2026.
• Adopt consolidated financial statements for FY2026.
• Re-appoint Siddharth Chowdhary as director (retiring by rotation).
• Declare dividend on equity shares.
• Re-appoint Batliboi & Purohit as Statutory Auditors for five years.
• Appoint Taral Shah as Independent Director (not liable to retire by rotation).
• Enter into material RPT: borrowings from Bluecraft Agro up to ₹200 crore.

Auditors

• Statutory Auditor: Batliboi & Purohit for five years; fee ₹12 lakhs plus taxes.

Directors

• Siddharth Chowdhary retires by rotation and seeks re-appointment.
• Taral Shah appointed Independent Director for five-year term (31 Aug 2026 – 30 Aug 2031).

Related Party Transactions

• Related party: Bluecraft Agro Private Limited.
• Nature: Inter-corporate borrowings to meet working capital.
• Limit: up to ₹200 crore, in one or more tranches.
• Board and Audit Committee approved; requires ordinary resolution.
• RPT magnitude: 147.59% of listed entity turnover.
• Omnibus approval not sought.

Dividend details

• Dividend proposal; per-share amount not disclosed; payable within 30 days if approved.

Strategic growth and expansion

• Acquisition of corn wet-milling facility at Davangere, Karnataka, January 2026.
• Acquisition completed in April 2026, strengthening southern manufacturing footprint.
• Davangere plant capacity 300,000 MT/year for starches and maize derivatives.
• Operations expected to commence October 2026, subject to licenses and approvals.
• Focus on growth in starches, sweeteners, and value-added maize derivatives.

Financial performance and shareholder returns

• Standalone FY26 revenue from operations and other income: ₹30,264.42 lakh.
• Standalone EBITDA ₹8,701.01 lakh; Net profit ₹5,630.56 lakh.
• Consolidated total revenue ₹30,444.64 lakh; continuing PAT ₹2,038.64 lakh.
• Total PAT including discontinued operations: (1,222.95) lakh; comprehensive loss ₹4,547.17 lakh.
• Earnings per share ₹78.97; Final dividend ₹3 per equity share.

Capital structure and liquidity

• Consolidated borrowings ₹28,187.73 lakh; equity ₹150,922.28 lakh; gearing 15.74%.
• Long-term borrowings ₹16,707.75 lakh; current borrowings ₹11,479.98 lakh; lease ₹82.01 lakh.
• Group remains net cash with substantial liquidity headroom.
• No breach of long-term debt covenants observed.

Governance, audits and risk

• Taral Shah appointed Independent Director from 31 Aug 2026 for five years.
• Pratik Shah resigned as Independent Director w.e.f. 22 Jun 2026.
• Batliboi & Purohit re-appointed as Statutory Auditors for 2026-2031.
• 35th AGM notice (25 Sep 2026); e-voting 22-24 Sep 2026; VC/OAVM.
• SAT order and MPS compliance noted; Supreme Court upheld SAT order.

Related party transactions and disclosures

• Material RPT: borrowing from Bluecraft Agro Private Limited up to ₹200 crore; ordinary resolution.
• Bluecraft sales ₹19,004.04 lakh; interest income ₹1,911.08 lakh (2025-26).
• Vital Connections LLP reduced promoter holding to 75%; 25% public shareholding achieved.
• Remuneration to directors and KMP disclosed; MD ₹350 lakh; WTD ₹150 lakh; CFO ₹53.42 lakh.

Subsidiaries and assets

• Shree Rama Newsprint Limited is a subsidiary; 74.76% holding.
• Paper Division of SRNL held for sale; impairment of ₹2,784.33 lakh recognized.
• Consolidated assets include SRNL discontinuation, with ongoing disposal plans.

Dividend, AGM and regulatory outlook

• Final dividend of ₹3 per equity share recommended; record date 18 Sep 2026.
• Dividend payout subject to AGM approval; TDS as applicable; payment within 30 days.
• Postal ballots approved shift of registered office to Haryana; main object clause amended.

Director appointment

• Taral Shah appointed Additional Independent Director from 31 Aug 2026 to 30 Aug 2031, subject to shareholder approval.

Auditor re-appointment

• Re-appoint Batliboi & Purohit as Statutory Auditors for FY2026-27 to FY2030-31, subject to AGM.

AGM & dividend record date

• 35th AGM scheduled for 25 September 2026.
• Record date for final dividend fixed at 18 September 2026.
• Cut-off date for e-voting fixed at 18 September 2026.

Board actions

• Board approved unaudited standalone and consolidated results for quarter ended June 30, 2026.
• Limited Review Reports by Batliboi & Purohit were noted.

Standalone financials

• Revenue from operations: 8,014.69 lakhs; Total income: 10,493.27 lakhs.
• PAT: 1,350.45 lakhs; Basic EPS: 18.94; Diluted EPS: 7.26.

Consolidated financials

• Total income: 10,686.29 lakhs; Revenue from continuing operations: 8,986.85 lakhs.
• Profit after tax from continuing operations: 388.46 lakhs; Total PAT: 300.53 lakhs.
• EPS (Basic): 5.37 Rs.

Acquisitions & new businesses

• APA with CIPL for starch division completed; assets acquired.
• Acquired 26% stake in Clean Max Pluto Solar Power LLP (25.30 MW) in July 2026.
• Davangere facility manufacturing activities planned; starch division operations included Apr 27–Jun 30, 2026.

MPS, OFS & promoter changes

• OFS divested 8,23,422 equity shares.
• Promoter holding reduced to 75%, public at 25%.
• Restraint period six months from June 24 to December 23, 2026.

Discontinued operations & notes

• Paper Division impairment recognized: Rs 2,784.33 lakhs; no further impairment expected.
• Discontinued operations disclosed; SRNL assets disposed piecemeal; fair valuation reassessed.

Regulatory & disclosures

• Statements prepared per Ind AS; Audit Committee reviewed; Board approved.
• Results filed with stock exchanges under Regulation 33 of SEBI LODR.

Meeting Details

• Board meeting scheduled for Thursday, 13 August 2026.
• Time and venue not disclosed.

Key Agenda Items

• Unaudited standalone and consolidated financial results for quarter ended 30 June 2026.
• Adopt Limited Review Reports for standalone and consolidated results for quarter ended 30 June 2026.

Other Notes

• Trading window closed for designated persons from 1 July 2026 until 48 hours after June quarter results.

Transfer details

• On 7 July 2026, RSGBL completed 26% transfer in Clean Max Pluto Solar Power LLP.
• Transfer under Asset Purchase Agreement dated 19 January 2026 with Cargill.
• Plant capacity is 25.30 MW.
• Transfer enables captive user status and long-term, cost-competitive solar/wind power for Davangere facility.