Taylormade Renewables Ltd

AGM Details

• Date, time, mode: 30 September 2026, 01:00 PM IST, VC/OAVM.
• Quorum present; meeting concluded at 02:00 PM IST.
• Notice and annual report circulated electronically.

Resolutions Put to Vote

• To receive, consider and adopt standalone and consolidated financial statements for year ended Mar 31, 2026 (Ordinary).
• To appoint Jayesh N. Shah as Director, retiring-by-rotation, eligible for re-appointment (Ordinary).
• To re-appoint Dharmendra Sharad Gor as Chairman and Managing Director (Ordinary).
• To re-appoint Surana and Kothari Associates as Secretarial Auditor (Ordinary).

Voting Status

• Voting results pending; Scrutinizer's report awaited.
• Results to be announced on the company's website and BSE.

Director Changes

• Appointment of Jayesh N. Shah as Director (to fill vacancy).
• Re-appointment of Dharmendra Sharad Gor as Chairman and MD.

Auditors

• Secretarial Auditor re-appointment: Surana and Kothari Associates LLP.

Taylormade Renewables Limited trading window closed from Oct 01, 2026 until 48 hours after the declaration of unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026

Financial snapshot

• Consolidated revenue from operations: ₹4,841.82 L; total income ₹4,855.51 L.
• Standalone revenue from operations: ₹3,344.13 L; total income ₹3,357.82 L.
• PAT: Consolidated ₹182.19 L; Standalone ₹168.55 L.
• EPS: Consolidated ₹1.42; Standalone ₹1.36.
• Revenue decline: consolidated -31.9% YoY; standalone -52.9% YoY.
• Subsidiary Taylormade Enviro Pvt Ltd became 51% owned on 19 Mar 2025.
• Outstanding 2.50 lakh convertible warrants; 25% up-front received.

Dividend & capital returns

• Board did not declare any dividend for FY2025-26.
• Dividend Distribution Policy available on the company website.

Audit & governance flags

• Statutory audit reports contain qualifications; management has issued responses.
• Balance confirmations pending for certain trade receivables/payables and loans.
• Inventory valuation based on technical estimates; CWIP ₹2.00 crore with documentation pending.
• Internal financial controls evaluated as adequate; no material weaknesses reported.

Capital structure & debt

• Authorised share capital unchanged at ₹15 crore.
• Issued, subscribed & paid-up capital: ₹12.3977 crore (1,239.77 lakh shares) as of 31-03-2026.
• Outstanding convertible warrants: 2.50 lakh warrants convertible per ICDR norms.
• Subsidiary Taylormade Enviro Pvt Ltd acquired 51% on 19 Mar 2025.

Governance & board

• Board comprised eight directors: 3 Executive, 1 Non-Executive Non-Independent, 4 Independent (two women).
• Twelve Board meetings held in FY2025-26; independent director meetings on 27 May 2025 and 28 Feb 2026.
• CSR Committee chaired by MD Dharmendra Gor; three members.

Related party transactions

• All related party transactions were at arm's length and in ordinary course.
• Key related parties include Dharmendra Gor (MD), Neera Gor (ED), Jayesh Shah (ED), Harsh Gor (CEO), Samir Patel (CFO), and Taylormade Enviro Pvt Ltd.
• Remuneration to Directors: Dharmendra Gor ₹12.00 L; Neera Gor ₹18.00 L; Jayesh Shah ₹5.85 L.

CSR & sustainability

• CSR spending: ₹23.57 L in FY2025-26; 2% of average net profits.
• CSR policy published on company website; CSR activities annexed in Annexure-C.

Risks & outlook

• MD&A highlights focus on ZLD, wastewater, solar-thermal, and BOO models.
• Key risks: regulatory, project execution, working capital, technology, and supply chain.
• Outlook: growing demand for water, energy security, and circular-economy solutions supports long-term growth.

AGM details

• Date/time: 30 September 2026, 01:00 PM IST via VC/OAVM
• Mode: VC/OAVM; physical attendance not required
• Cut-off date for attendance and e-voting: 23 September 2026
• Remote e-voting window: 27-29 September 2026
• Venue deemed to be the company's registered office

Ordinary resolutions

• Adopt Audited Standalone and Consolidated Financial Statements for FY 2025-26
• Re-appoint Jayesh N Shah as Director, retiring by rotation
• Re-appoint Surana and Kothari Associates as Secretarial Auditors for five years

Special business

• Re-appoint Dharmendra Sharad Gor as Chairman & Managing Director for five years
• Remuneration and terms to be as set out in the Explanatory Statement, subject to board approval
• Board authorized to alter terms within applicable law

Key Decisions

• 16th AGM scheduled for Sep 30, 2026 at 1:00 PM via VC/OAVM.
• Draft AGM Notice and Board's Report approved; Secretarial Audit Report noted.
• No dividend recommended for FY ended March 31, 2026.

Appointments/Resignations

• Re-appointment of Dharmendra Gor as CMD for five years from Sep 8, 2026, subject to member approval.
• Re-appointment of Surana & Kothari Associates as Secretarial Auditor for Apr 1, 2026 to Mar 31, 2031.
• Maulik Rajeshkumar Patel appointed Scrutiniser for e-voting at AGM.

Governance & Shareholder Dates

• Cut-off date for e-voting fixed Sep 23, 2026.
• Share transfer books and members register closed Sep 24–30, 2026.

Quarter results and strategic focus

• Unaudited Q1 FY2026-27 results announced for quarter ended June 30, 2026.
• Performance reflects emphasis on building operating assets and long-term recurring revenue.

BOO progression

• BOO model remains core; revenue recognition tied to project progression.
• Closing inventory increased due to pre-procurement for ongoing projects and plants.

TEPL update

• TEPL faced management and operational issues; actions taken to strengthen management.

Outlook

• Expect increased project execution and new customer orders; greater BOO contribution.

Financial results

• Unaudited standalone and consolidated results for quarter ended 30 June 2026 approved.
• Audit Committee reviewed results; Limited Review Reports enclosed.
• Integrated Filing (Regulation 10(1A)) for quarter ended 30 June 2026.

Fund raising & use of proceeds

• No deviation in fund utilization from preferential warrants; Rs 3.08 crore raised.
• Proceeds to be used for implementation and commercialization of patented sugar technology.
• 25% warrants subscription amount received during quarter ended June 30, 2026.

Regulatory filing

• Integrated filing of financial results for Q1 2026 under Reg 10(1A).

Governance

• No appointments, resignations, or changes in directors, auditors, or key management disclosed.

Meeting Details

• Board meeting scheduled for Friday, August 14, 2026.

Key Agenda Items

• To consider and approve unaudited standalone and consolidated financial results for the quarter ended June 30, 2026.

Other Notes

• Trading window remains closed for all designated persons until 48 hours after results declaration.

Price movement clarification

• No undisclosed or price-sensitive information; no impending corporate developments at this time.
• Movements are market-driven and outside the company's control.
• Company remains SEBI LODR compliant and will disclose material events promptly.
• Date of clarification: August 11, 2026.