TAI Industries Ltd

TAI Industries Limited: Trading Window closed from 1 October 2026 till 48 hours from the date of declaration of the Unaudited Financial Results for the Quarter ended September 30, 2026.

Resolutions and outcomes

• Purpose: Post-ballot approvals for 43rd AGM: financials, director reappointment, auditor appointment.
• Resolution 1 (Ordinary): Adoption of Audited Financial Statements for year ended 31 Mar 2026; approved.
• Voting: 95.77% in favour, 4.23% against.
• Resolution 2 (Ordinary): Re-appointment of Mr. Rohan Ghosh, Director retiring by rotation; approved.
• Resolution 3 (Ordinary): Appointment of Ray & Co as Statutory Auditor for five years; approved.

Resolutions and outcomes

• Item 1 (Ordinary): Adoption of Audited financial statements for year ended 31 Mar 2026; 95.77% in favour.
• Item 2 (Ordinary): Director Rohan Ghosh retiring by rotation reappointed; votes in favour 95.77%.
• Item 3 (Ordinary): Appointment of Ray & Co as Statutory Auditor for five years; approved 95.77%.
• Material impact: governance updates with no capital structure changes disclosed.

Adopt FY2026 financials

• Ordinary resolution; 2,365,214 votes polled; 2,265,179 in favour; 100,035 against; 39.42% polled.

Reappointment of Mr. Rohan Ghosh as Director

• Director Rohan Ghosh; retiring by rotation; term not specified; 2,265,179 in favour; 100,035 against.

Appointment of Ray & Co as Statutory Auditor

• Ordinary resolution; five-year term; 2,265,179 in favour; 100,035 against.

AGM Details

• 43rd AGM held 22 Sep 2026 at 3:30 PM via VC/OAVM.
• 75 members attended with 1,360,338 equity shares.

Key Resolutions

• Adopt Audited financial statements for year ended 31 March 2026.
• Appoint Statutory Auditors M/s Ray & Co for five years.

Director Changes

• Rohan Ghosh re-appointed by rotation.

Voting Status

• Voting results pending; will be announced after Scrutiniser's report.

Voting Logistics

• Remote e-voting held 19–21 Sep 2026; eligibility cut-off 15 Sep 2026.

MR-3 corrigendum highlights

• Corrigendum adds MR-3 Secretarial Audit as Annexure F to the Board's Report.
• MR-3 omission corrected; Annual Report for FY2025-26 reads with Corrigendum.
• Promoter shares: 1,216,000 in physical form; promoter demat not 100%.
• BSE flags non-compliance with Insider Trading Regulations under LODR.
• Board retains MD and WTD with retrospective appointment after term expiry.
• Limited review report not in minutes; ROC adjudication delay for WTD appointment pending.
• Corrigendum available on the company website.

AGM and book closure

• Share transfer books closed 16–22 September 2026 (inclusive).
• 43rd AGM scheduled for 22 September 2026.

Financial snapshot

• Revenue from operations: 15,751.04 ₹ Lakhs, down from 28,006.07 in 2025.
• PBIDT: 47.53 ₹ Lakhs; prior year 193.77.
• PBDT: 47.42 ₹ Lakhs; prior year 190.46.
• PBT: 25.89 ₹ Lakhs; prior year 162.18.
• PAT: 9.50 ₹ Lakhs, down from 109.50.
• Total Comprehensive Income: (43.10) ₹ Lakhs vs 64.85 in 2025.
• EPS: Basic 0.18 ₹; Diluted 0.18 ₹.
• Dividend: Not declared due to inadequate profit.
• Cash flow from operations: (120.74) ₹ Lakhs; investing 361.89; financing (126.93).
• Dematerialised shares: 71.79% as of 31 March 2026.
• Debt-Equity Ratio: 1.34; Current Ratio: 0.98.
• Fruit Product Division revenue: 1,638.64 ₹ Lakhs; Industrial: 14,112.40 ₹ Lakhs.
• Ferro Silicon revenue: 10,624.50 ₹ Lakhs; Charcoal: 2,347.42 ₹ Lakhs.

Operations & divisions

• The company operates in a single segment per management.
• Fruit Product Division revenue: ₹1,638.64 Lakhs; Industrial Division: ₹14,112.40 Lakhs.
• Ferro Silicon and Charcoal form major product lines; margins in Industrial division constrained by competition.

Capital structure & liquidity

• Share capital: ₹600.00 Lakhs; unchanged.
• Current borrowings: ₹0.97; Bank overdraft: ₹0.97; No long-term borrowings.
• Trade payables: ₹2,310.23; Advances from customers: ₹793.79; Other current liabilities: ₹856.72.
• Current ratio: 0.98; Debt-Equity: 1.34.
• Cash flow: Net cash from operations −₹120.74; investing ₹361.89; financing −₹126.93; year-end cash ₹247.02.

Dividends & capital allocation

• Dividend declared: none; no payout due to inadequacy of profits.
• No transfer to general reserve in 2025-26.

Audit, controls & governance

• Statutory auditors for 2025-26: M/s KAMG & Associates; Ray & Co proposed for 5-year term from ensuing AGM.
• Emphasis of matter: reconciliation of deferred tax assets and liabilities is in process.
• Secretarial audit notes: promoter demat status not 100%; some SS-1 non-compliances; minutes placement issue; management responses provided.

Related-party transactions

• Related parties include Bhutan Fruit Products, Bhutan Carbide & Chemicals, Bhutan Silicon Metal, and Tashi Metals.
• Significant purchases: Bhutan Carbide ₹4,602.39; Fruit Products ₹799.93; Silicon Metal ₹3,598.07; Tashi Metals ₹2,289.00.
• Outstanding balances (P): Bhutan Carbide ₹125.77; Bhutan Fruit ₹133.37; Silicon Metal ₹186.21; Tashi Metals ₹110.19.
• All related-party transactions are arm's length and subject to Audit Committee approvals; omnibus approvals used for repetitive items.

Outlook & risks

• Outlook: margin management and cost efficiencies to drive growth; expansion in the eastern region.
• Risks: intense competition, raw material price volatility, regulatory changes, and supply-chain disruptions.

Unaudited results

• Unaudited Q1 FY27 results for quarter ended 30 June 2026 enclosed; limited review unmodified.
• Statutory auditors: KAMG & Associates issued limited review report with unmodified opinion.
• Copy of results and Limited Review Report submitted under Regulation 33 of SEBI LODR.