Shree Tirupati Balajee Agro Trading Company Ltd

Head of HR resignation

• Manoj Jaiswal resigns as Head of Human Resources, effective close of business on 12 August 2026.
• Reason: personal reasons; Manoj Jaiswal confirms no other material reasons for resignation.

ERP Head resignation

• Roshan Choudhary resigns as ERP Head, effective close of business on 12 August 2026.
• Reason: pre-occupation with other commitments.

Cost Auditor Appointment

• Appointment of M/s. Dhananjay V. Joshi & Associates as Cost Auditor.
• Effective from 01 April 2026 to 31 March 2027.
• Board approval at 12 August 2026 meeting.
• Remuneration to be ratified by shareholders at the AGM.
• Firm registered as Cost Accountant No. 000030.
• Reason: firm's eligibility and expertise considered by Audit Committee.
• Subsidiary Jagannath Plastics Private Limited also appoints the same firm as Cost Auditor for FY2026-27.

Book Closure for AGM

• Security type is Equity Shares.
• Book closure period is 24/09/2026 to 30/09/2026 inclusive.
• Purpose is annual book closure for the 25th AGM.
• AGM date is 30 September 2026.
• AGM will be held via VC/OAVM.

Key Financials

• Q1 FY2026 standalone revenue from operations ₹70,474.64 Lakhs; total income ₹10,531.51 Lakhs.
• Standalone profit before tax ₹312.47 Lakhs; profit after tax ₹237.22 Lakhs.
• EPS for quarter: ₹0.29 basic and diluted.
• Consolidated results include holding company and subsidiaries; limited review conducted.
• Subsidiaries: Shree Tirupati Balajee FIBC Limited, Jagannath Plastics Private Limited, Honourable Packaging Private Limited.
• Board approved unaudited standalone and consolidated results for quarter ended 30 June 2026.

Financial results

• Unaudited standalone and consolidated results for quarter ended 30 June 2026 approved.
• Limited Review Report on Q1 results placed on record.

AGM timetable and book closure

• Book closure for 25th AGM: 24 Sep 2026 to 30 Sep 2026.
• AGM scheduled for 30 Sep 2026 at 11:30 AM via VC/OAVM.
• Notice for AGM approved; venue deemed at registered office.

E-voting details

• E-voting entitlement cut-off: 18 Sept 2026.
• Voting window: 27–29 Sept 2026.
• Start 27 Sept 2026 09:00 IST; end 29 Sept 2026 17:00 IST.

Governance and annual report

• Board approved FY2025-26 Board Report and annexures; CMD Binod Agarwal authorized to sign.

Cost auditor and scrutinizer

• Cost Auditor appointed for FY2026-27: M/s. Dhananjay V. Joshi & Associates; remuneration subject to shareholder ratification.
• Scrutinizer appointed for AGM remote e-voting: M/s. B Maksi Wala & Associates.

Senior management resignations

• Resignation of SMP: Manoj Jaiswal, Head of HR, effective 12 Aug 2026.
• Resignation of SMP: Roshan Choudhary, ERP Head, effective 12 Aug 2026.

Processing and status

• Dematerialisation requests processed; confirmations of acceptance/rejection sent to depositories.
• Securities dematerialised have been listed on the exchanges where earlier securities are listed.
• Physical certificates for dematerialisation mutilated and cancelled; depository name substituted as registered owner within timelines.

Trading Window

• Trading window closed from 01 Jul 2026 until 48 hours after results for quarter ended 30 Jun 2026.
• Board meeting to consider results will be intimated; insiders advised not to deal.

Credit rating action

• Infomerics downgraded the long-term bank loan rating to IVR BBB+/Stable.
• Outlook was revised to Stable from Negative.
• Rating applies to total bank loan facilities of Rs. 104.00 crore.

Rated facilities

• Axis Bank EPC/CC I: IVR BBB+/Stable.
• Bank of India EPC/CC II: IVR BBB+/Stable.
• Cooperative Bank EPC/CC III: IVR BBB+/Stable.
• Union Bank of India EPC/CC IV: IVR BBB+/Stable.
• HDFC Bank EPC/CC IV: withdrawn.

Rating agency

• Infomerics Valuation and Rating Ltd assigned the rating.

Rationale

• Rating considered operational and financial performance for FY26 audited.
• The letter does not provide detailed rationale beyond the review of recent developments.

Outlook and sensitivities

• Outlook is Stable.
• No explicit upgrade or downgrade sensitivities were disclosed.

Material change

• Outlook improved from Negative to Stable.
• HDFC Bank facility rating was withdrawn.