SIP Industries Ltd

AGM details

• Adjourned AGM: 07 Oct 2026 at 3:00 PM IST via VC/OAVM.
• Original date: 30 Sep 2026; adjourned due to quorum.
• Mode: VC/OAVM; venue: Registered Office, Chennai.
• Record date: 23 Sep 2026; books closed 23–29 Sep 2026.
• Remote e-voting window: 27–29 Sep 2026.

Key resolutions

• Adopt audited financial statements for year ended 31 Mar 2026.
• Re-appoint Nangavaram Mahadevan Ranganathan as Managing Director.
• Approve related party transaction with Samiayya Arularasan up to Rs 10 crore.
• Approve related party transaction with Natesan Kameshwaron up to Rs 5 crore.
• Appoint Bhageerathi as Non-Executive Director for 5-year term from 08 Sep 2026.

Voting results

• Voting outcomes not disclosed in this filing.

Director changes

• Nangavaram Mahadevan Ranganathan re-appointed as Managing Director.
• Bhageerathi appointed Non-Executive Director for five years from 08 Sep 2026.

Material related party transactions

• Samiayya Arularasan: up to Rs 10 Cr; arm's length; unsecured.
• Conversion option: outstanding payable convertible into equity at Rs 10 per share.
• Natesan Kameshwaron: up to Rs 5 Cr; arm's length; unsecured.
• Conversion option: payable convertible into equity at Rs 10 per share.
• Omnibus approval: Yes; justification: business expansion.

Other material approvals

• AGM convened via VC/OAVM with remote e-voting facility.

AGM Details

• 36th AGM held on 30 September 2026 at registered office; adjourned for want of quorum.

SIP Industries Limited trading window closed from October 01, 2026 till the expiry of 48 hours after the declaration of Unaudited Financial Statements of the Company for the Quarter and Half year ending September 30, 2026.

Financial Summary

• Net loss for quarter ended 30-Jun-2026: Rs 3.01 Lakhs.
• Year-to-date net loss: Rs 3.01 Lakhs.
• EPS (Basic & Diluted): Rs -0.06.
• Net cash flow from operating activities: Rs -1.19 Lakhs.
• Cash and cash equivalents: Rs 0.07 Lakhs.

Balance Sheet Highlights

• Share capital: Rs 467.64 Lakhs.
• Other equity: Rs -603.71 Lakhs.
• Borrowings: Rs 56.51 Lakhs.
• Other financial liabilities: Rs 30.82 Lakhs.
• Trade payables: Rs 2.53 Lakhs.
• Provisions: Rs 46.35 Lakhs.
• Total assets: Rs 0.14 Lakhs.

Liquidity & Going Concern

• Going concern uncertainty due to accumulated losses.
• Listing suspended; CIRP completed; fresh listing application underway.

Meeting Details

• Board meeting on 11 September 2026; time and venue not disclosed.

Key Agenda Items

• Unaudited quarterly results for quarter ended June 30, 2026 with Limited Review Report.

Book closure and AGM details

• Book closure: 24 Sep 2026 to 30 Sep 2026 (inclusive).
• Purpose: Annual General Meeting.
• Cut-off for e-voting eligibility: 23 Sep 2026.
• Remote e-voting starts: 27 Sep 2026 at 09:00.
• Remote e-voting ends: 29 Sep 2026 at 17:00.
• AGM date and time: 30 Sep 2026 at 15:00.

Financial performance

• Net loss for year ended 31 Mar 2026: ₹71.68 Lakh.
• Profit before tax: ₹-71.68 Lakh.
• Tax expense: ₹71.68 Lakh.
• Profit after tax: ₹-71.68 Lakh.
• Revenue from operations: nil; total income: nil.
• EPS (basic/diluted): ₹-2.00 for FY2025-26.
• Dividend declared: none.

Capital structure

• Authorized share capital: ₹700.00 Lakh (70,00,000 shares).
• Paid-up share capital: ₹467.64 Lakh (46,76,415 shares).
• Promoter holding: 95% (Samiayya Arularasan).
• No holding company.
• Share reissuance to promoter under NCLT CIRP plan.

Liquidity & net worth

• Negative net worth; accumulated losses ₹600.71 Lakh.
• Cash and cash equivalents: ₹0.07 Lakh.

Operations & revival status

• Single segment: agriculture-focused research and vaccines.
• No meaningful revenue in FY2025-26.
• Revival under CIRP; control transferred Jan 5, 2023.
• Strategic revival: exploring trading of agricultural products.

Related party transactions & governance

• RPT cap: up to ₹10 Crore with MD for 2026-27.
• RPT cap: up to ₹5 Crore with Whole-time Director for 2026-27.
• Omnibus approvals sought; arm's length in ordinary course.
• Mrs. Bhageerathi appointed Non-Executive Director for five years from 08 Sep 2026.

Audit & governance

• Statutory auditor: Murali & Venkat; no qualifications.
• Secretarial auditor: KRA & Associates; no qualifications.
• Internal controls reviewed; governance framework in place.

Regulatory status & risk

• Securities suspended; listing application with BSE under process.
• Going concern uncertainty due to losses; revival plan ongoing.
• Management notes forward-looking statements and risk factors.

Other disclosures

• CSR not applicable; no CSR spend.
• Management Discussion and Analysis forms part of report.

AGM Details

• Date and time: 30 September 2026, 3:00 PM IST.
• Mode: Virtual/Video Conference or Other Audio-Visual Means (VC/OAVM).
• Venue: Module 28, 2nd Floor, SIDCO Electronic Complex, Guindy, Chennai.
• Record/Book closure: 23–29 September 2026 (both days inclusive).
• Notice uploaded on company site; remote e-voting via NSDL.

Resolutions Put to Vote

• Adoption of Audited Financial Statements for the year ended March 31, 2026.
• Re-appointment of Nangavaram Mahadevan Ranganathan as Managing Director.
• Approve Related Party Transaction with Samiayya Arularasan (up to Rs 10 crore).
• Approve Related Party Transaction with Natesan Kameshwaron (up to Rs 5 crore).
• Appoint Bhageerathi as Non-Executive Director for 5 years from Sep 8, 2026.
• Appoint M/s KRA & Associates as Secretarial Auditor for 5 years.

Voting Results

• Voting outcomes are not disclosed in this filing excerpt.

Dividend

• Dividend proposal: None for the year.

Director / Key Managerial Changes

• Bhageerathi: Appointed Additional Director on Jan 31, 2026; to become Non-Executive Director for 5 years from Sep 8, 2026.
• Nangavaram Mahadevan Ranganathan: To retire by rotation; proposed reappointment as Managing Director.
• Company Secretary changes: Ramya Ravi resigned; Smriti Joy appointed; later changed during the year.

Auditor Appointments

• Statutory Auditor: Murali & Venkat appointed for five years through 2029.
• Secretarial Auditor: M/s KRA & Associates appointed for five years.

Material Related Party Transactions

• Samiayya Arularasan: RPT up to Rs 10 crore; option to convert payable into equity at Rs 10 per share.
• Natesan Kameshwaron: RPT up to Rs 5 crore; option to convert payable into equity at Rs 10 per share.
• Bhageerathi: Non-Executive Director appointment; sitting fees within arm’s length; spouse of MD.

Other Material Approvals

• RPT disclosures and related party governance noted; secretarial audit appointment to be approved for five years.

Approvals and appointments

• Mr. Sivasankaran Packiampillai appointed Internal Auditor for FY 2026-27.
• M/s KRA & Associates appointed Scrutinizer for the ensuing AGM.
• Director's Report for the year ended 31 March 2026 approved.
• 36th AGM fixed for 30 September 2026 via VC/OVAM.
• Notice convening AGM approved; Mr. Samiayya Arularasan to circulate with Annual Report.
• Cut-off date for voting eligibility fixed at 23 September 2026.
• Appointment of Mrs. Bhageerathi as Non-Executive Director for five years, subject to shareholder approval.
• Re-appointment of Nangavaram Mahadevan Ranganathan as Director, liable to retire by rotation, subject to approval.

AGM schedule and voting timeline

• AGM notice and annual report dispatched on 08 Sep 2026.
• Book closure from 24 Sep 2026 to 30 Sep 2026.
• Cut-off date for voting eligibility: 23 Sep 2026.
• Remote e-voting begins 27 Sep 2026 at 9:00 AM.
• Remote e-voting ends 29 Sep 2026 at 5:00 PM.
• Annual General Meeting on 30 Sep 2026 at 3:00 PM.
• Results of remote e-voting to be declared on 02 Oct 2026.