Tarini International Ltd

AGM Details

• Date and mode: 30-09-2026, physical AGM at New Delhi address.
• Start time: 10:30 AM; end around 11:00 AM.
• Record date: 23-09-2026.
• Shareholders on record: 582.

Key Resolutions

• Ordinary Resolution 1: Adopt standalone and consolidated Audited Financial Statements and reports for the year ended.
• Ordinary Resolution 2: Re-appoint director by rotation.
• Ordinary Resolution 3: Approve material related party transactions.
• Special Resolution 4: Re-appoint Managing Director.
• Special Resolution 5: Re-appoint Whole-Time Director.

Voting Results

• Resolution 1: Passed; all votes in favour; no opposition.
• Resolution 2: Passed; 100% in favour; no against.
• Resolution 3: Passed; 100% in favour; no against.
• Resolution 4: Passed; 100% in favour.
• Resolution 5: Passed; 100% in favour.

Material Related Party Transactions

• Approved material related party transactions with related parties; counterparty details not disclosed.

Director Changes

• Re-appointment by rotation approved for directors subject to retirement by rotation.
• Managing Director appointment approved.
• Whole-time Director appointment approved.

AGM details

• 27th AGM held on 30 September 2026 at 10:30 AM at registered office.
• Mode: physical meeting; quorum present and proceedings conducted.
• Notice, Directors Report, and Audited Financial Statements for year ended 31 March 2026 taken as read.
• No e-voting facility due to exemption for SEBI ICDR on BSE SME listing.
• Share transfers to be dematerialised; demat form required; demat requests via MUFG Intime India Pvt Ltd.

Resolutions / business transacted

• Items of business as per AGM notice were transacted.

• Tarini International Ltd trading-window closure notice.

Financials

• Standalone revenue 250.34 Lakhs; prior-year 260.46 Lakhs.
• Standalone PAT 49.71 Lakhs; prior-year 29.79 Lakhs.
• Consolidated PAT 164.82 Lakhs; consistent with year-ago 163.79.
• Standalone EPS 0.38; Consolidated EPS 0.42.
• Standalone reserves 1,759.29 Lakhs; Consolidated reserves 1,446.42 Lakhs.
• Share capital: 12,998,000 equity shares; unchanged.
• Dividend: Board did not declare any dividend.
• Cash and cash equivalents: Standalone 42.27 Lakhs; Consolidated 48.27 Lakhs.
• Note: Auditors issued a qualified opinion; material weaknesses noted in internal controls.

Business and operations

• Business: turnkey EPC in power generation, transmission and distribution.
• Listed on BSE SME platform; subsidiaries and associates include Tarini Sugars, Venture Infra, Lifesciences (associate).
• Associates: Tarini Infrastructure Limited; Tarini Lifesciences Limited.
• Management focuses on small hydro, transmission and distribution tenders; aviation sector progress.

Board and governance

• 27th AGM scheduled for 30 September 2026 at 10:30 AM.
• Vakamulla Chandrashekhar re-appointed as Managing Director for 3 years from Oct 1, 2026.
• V. Anu Naidu re-appointed as Whole-Time Director for 3 years from Oct 1, 2026.
• Remuneration: MD NIL; WTD Rs 1.60 Lakhs per month.
• Board meetings held: seven in the year; independent directors meet separately.

Related party transactions

• Material RPTs with Tarini Infrastructure Limited (Associate); specifics disclosed in AGM notice.
• Omnibus approvals sought; pricing and terms kept at arm's length in ordinary course.
• Promoter/directors hold significant stakes in related parties; examples include Chandrashekhar and Naidu positions.

Audit and internal controls

• Auditors: M. Modi & Associates; qualified opinion due to going concern concerns in subsidiaries.
• Internal financial controls weakness noted: impairment assessment and creditor reconciliation gaps.
• Secretarial audit highlights: ED attachment matter; SAT penalty; ROC show cause cases; some rulings in company’s favour.

Regulatory and legal developments

• Farm house provisional attachment by ED; stay obtained from Delhi High Court.
• Supreme Court appeal filed re SAT order; listed for hearing.
• ROC complaints dismissed in several cases; ongoing litigation referenced in annual report.

Risks and outlook

• Regulatory and currency volatility; project execution risks in hydro, T&D.
• Industry shift to market-based pricing; private players could win more turnkey contracts.
• Management pursuing opportunities in micro-hydel and T&D, with aviation sector growth.

Shareholding and capital structure

• Promoters hold major stakes: Chandrashekhar ~53.99%, Naidu ~15.40%.
• Total equity share capital: Rs 12,99,80,000; no change during year.
• Market capitalization ~ Rs 818.87 Lakhs as of 31 Mar 2026.

AGM communications and disclosures

• Record date fixed at 28 August 2026; annual closure 28-30 September 2026.
• Annual Report and AGM notice circulated electronically to registered members.
• Proxy facility permitted; e-voting mandated for SME listings unless exempt.

Meeting Details

Key Agenda Items

Other Notes

Collateral mortgage details

• Sanction letter from Cholamandalam received on 14 Aug 2026.
• Collateral is an equitable mortgage over 12 Bigha 3 Biswas land in Delhi.
• Tarini Infrastructure Limited, an associate, is the collateral beneficiary.
• Collateral is on arm's length basis per related-party disclosure.
• Board noted the sanction letter at today's meeting.
• Creation of charge as collateral for facilities availed by the associate.

Dematerialisation status

• Dematerialisation requests processed in the reported quarter.
• Securities dematerialised listed on stock exchanges where previously listed.
• Physical certificates for dematerialisation mutilated and cancelled after verification.
• Depository name substituted as registered owner within prescribed timelines.