Tirupati Starch & Chemicals Ltd

AGM notice and online annual report

• 40th AGM on 21 September 2026 at 01:00 PM IST, in-person and VC/OAVM.
• Letters sent to shareholders without registered emails under Regulation 36(1)(b) SEBI LODR.
• Annual Report FY2025-26 and AGM notice available on the company website.
• Physical copies available on request to tirupati@tirupatistarch.com.
• Documents also accessible on BSE and CDSL portals.
• Date of intimation: 20 August 2026.

AGM e-voting details

• AGM to be held physically and via VC/OAVM on 21 Sep 2026 at 01:00 PM IST.
• E-voting facility provided by Central Depository Services (India) Limited (CDSL).
• Cut-off date for e-voting entitlement: 14 Sep 2026.
• Voting window: 18 Sep 2026 09:00 IST to 20 Sep 2026 17:00 IST.
• Scrutinizer: Mr. Ankit Dhanotia of ADJ & Associates.
• Results announced within 2 working days after AGM.
• Register of Members and Share Transfer books closed 15-21 Sep 2026 (inclusive).
• Notice and Annual Report for FY 2025-26 available on company website.

AGM and book closure details

• AGM: 40th AGM on 21 September 2026, at 01:00 PM IST, Indore and via VC/OAVM.
• Book closure: 15 September 2026 to 21 September 2026 (inclusive) for AGM.
• Cut-off date for voting eligibility: 14 September 2026.
• E-voting window: 18 September 2026 09:00 AM IST to 20 September 2026 05:00 PM IST.
• Security: Equity shares (TIRUSTA, 524582, ISIN INE314D01011).
• Venue: Registered Office, Indore; attendance via VC/OAVM.

Financial snapshot

• Standalone revenue FY2025-26: 36599.12 Lakhs, down from FY2024-25's 39023.55 Lakhs.
• Standalone PAT FY2025-26: 658.04 Lakhs, down from 753.74 Lakhs.
• Consolidated PAT FY2025-26: 645.88 Lakhs.
• Consolidated EPS ₹6.74 for FY2025-26.
• Dividend for FY2025-26 not declared.
• Net debt as of 31 Mar 2026: 11009.49 Lakhs; gearing 0.62x.
• Undrawn borrowings facilities total 5,514.05 Lakhs.
• Total employees: 332; Board meetings: 7 in FY2025-26.
• CSR expenditure FY2025-26: ₹25.76 Lakhs via Tirupati Starch Charitable Foundation.

Geography & product mix

• Domestic revenue ₹36,265.80 Lakhs; Exports ₹59.36 Lakhs.
• Revenue by product: Starch ₹26,357.14 Lakhs; Byproducts ₹9,549.98 Lakhs; Scrap ₹418.04 Lakhs.
• Export incentives ₹0.80 Lakhs; Dextrose sales ₹0 in FY2025-26.
• ISO 9001:2015 certification.

Capital structure & liquidity

• Authorised capital ₹14.50 Cr; Equity ₹9.589 Cr; Preference ₹4.25 Cr.
• Net debt ₹11009.49 Lakhs; Equity ₹6715.96 Lakhs; Gearing 0.62x.
• Undrawn facilities ₹5,514.05 Lakhs; no major changes in capital policy.
• Dividend policy: none declared; no buybacks.

Dividend & AGM

• 40th AGM scheduled 21 September 2026; physical + VC/OAVM.
• Remote e-voting window: 18-20 Sep 2026; cut-off 14 Sep 2026.
• AGM proposals include re-appointments of Yogesh Agrawal and Ramesh Goyal; independent directors to be reappointed.

Governance & board changes

• Arpita Garg and Saransh Agrawal appointed as Independent Directors in 2025.
• In 2026-27: Sagar Jajodia resigned; Vipul Jajodia appointed; Ankush Agrawal and Lata Garg appointed.
• Sourabh Vishnoi appointed Company Secretary & Compliance Officer; Anurag Kumar Saxena resigned 16 Mar 2026.

Audit & risk management

• Statutory Auditor: Harish Khandelwal & Co; Secretarial Auditor: P. S. Tripathi & Associates.
• Secretarial audit notes one SEBI LODR disclosure delay; management actions disclosed.
• MD & CFO certification of FY2025-26 financials submitted to Board.
• Internal controls deemed adequate; no material weaknesses reported.

CSR & sustainability

• CSR policy aligned with Schedule VII; CSR Committee in place.
• CSR spend ₹25.76 Lakhs via Tirupati Starch Charitable Foundation.
• CSR eligibility: 2% of average net profit; 2% threshold ₹25.76 Lakhs.
• CSR projects focus on education, health, and welfare.

Outlook & risks

• MD&A cites challenging demand environment; capacity upgrades planned.
• Risks include maize price volatility, energy costs, and supply-chain disruptions.
• Growth opportunities in value-added starch derivatives and expanding exports.

Operations & governance metrics

• Single operating segment; core products include maize starch and dextrose.
• Board and governance disclosures align with SEBI LODR requirements.

AGM Details

• AGM date/time/mode: 21 September 2026, 01:00 PM IST, physical plus VC/OAVM.
• Venue: Registered Office, Indore, MP.
• Cut-off date for voting eligibility: 14 September 2026.
• Remote e-voting window: 18 September 2026 to 20 September 2026.
• Register of Members closed: 15-21 September 2026 (inclusive).

Resolutions proposed

• Ordinary: Adopt Standalone Audited Financial Statements for FY 2025-26.
• Ordinary: Adopt Consolidated Audited Financial Statements for FY 2025-26.
• Ordinary: Re-appoint Mrs. Pramila Jajodia as Director, liable to retire by rotation.
• Ordinary: Re-appoint Mr. Yogesh Kumar Agrawal as Director, liable to retire by rotation.
• Special: Re-appoint Yogesh Kumar Agrawal as Whole-time Director for 3 years from 01-01-2027.
• Special: Re-appoint Ramesh Chandra Goyal as Whole-time Director for 3 years from 28-06-2027.
• Special: Re-appoint Yashwant Jain Nandecha as Independent Director for 5 years from 07-07-2027, no remuneration.
• Special: Re-appoint Sandeep Agrawal as Independent Director for 5 years from 07-07-2027, no remuneration.

Board action

• Board approved unaudited standalone and consolidated results for quarter ended 30 June 2026.

Key financials

• Income from operations 9,163.28; total income 9,175.19.
• Cost of materials consumed 6,294.12; employee benefits expense 368.21.
• Depreciation and amortisation 189.20; total expenses 9,072.93.
• Profit before tax 102.56; profit after tax 77.58; other income 12.21.

Audit & disclosure

• Limited Review Report by Harish Khandelwal & Co submitted; no material misstatement observed.

Publication & access

• Results to be published with QR code; full results available on company website.

Other disclosures

• Statements include unaudited year-to-date figures per Listing Regulations.