Godavari Biorefineries has scheduled its 71st Annual General Meeting for September 28, 2026. The meeting will be conducted via video conferencing and other audio-visual means.

The agenda includes the adoption of audited financial statements for the fiscal year ended March 31, 2026. Shareholders will also vote on several special resolutions regarding board appointments and remuneration approvals.

Financial Performance

The company reported a significant turnaround in profitability for FY26 compared to the previous year. Revenue from operations rose to ₹1,96,492.02 lakh from ₹185,316.64 lakh in FY25.

Profit before depreciation, interest, exceptional items, and tax increased to ₹13,453.40 lakh from ₹11,606.18 lakh. Finance costs declined sharply to ₹4,844.57 lakh from ₹7,160.79 lakh, aiding the bottom line. The company returned to profit after tax, reporting ₹123.62 lakh against a loss of ₹2,175.95 lakh in the prior year.

What the Numbers Show

The shift from a substantial loss to a modest profit was driven primarily by a reduction in finance costs rather than an expansion in operating margins. While PBDIT grew by approximately 15.9%, finance costs fell by nearly 32.4%. This divergence suggests that interest cost management played a larger role in the turnaround than operational leverage during the period.

Board Appointments

The meeting will seek approval for the reappointment of Samir S. Somaiya as Managing Director for three years, effective April 1, 2027. His remuneration includes a basic salary of ₹17,95,360 per month and a commission of 2% of net profit.

Suhas Godage is proposed for reappointment as Whole-Time Director (Executive Director, Works-Sakarwadi) for three years starting April 1, 2027. His package includes a basic salary of ₹254,190 per month and a performance incentive capped at ₹20 lakh annually.

Dinesh Sharma will be appointed as a director and subsequently as Whole-Time Director (Executive Director, Works-Sameerwadi) effective from the date of the AGM. He currently serves as Chief Technical Officer at the Sameerwadi unit. His remuneration includes a basic salary of ₹255,030 per month.

Dr Raman Ramchandran and Suhas Godage are retiring by rotation and offer themselves for reappointment as directors.

Other Business

The company seeks ratification for the remuneration of cost auditor M/s R. Nanabhoy & Co., amounting to ₹6,40,000 per annum plus taxes for the financial year ending March 31, 2027.

Shareholders will also vote on contributing up to ₹1,40,00,000 to charitable and other funds in any financial year. Additionally, approval is sought for accepting fixed deposits from the public and members under three schemes offering interest rates between 8.50% and 9.50% per annum depending on tenure.

Godavari Biorefineries has received a show-cause notice from Karnataka tax authorities demanding approximately ₹10.57 crore in GST dues, interest, and penalties for the 2022-23 tax period.

The notice was issued by the Office of the Commercial Tax Officer (Enforcement), DGSTO, Jamkhandi, under Section 73 of the CGST/KGST Act, 2017. It alleges short payment or availing of ineligible input tax credit.

Breakdown of the Demand

The total quantum of claims includes principal tax demand along with applicable interest and penalty amounts as detailed below:

The combined tax liability cited in the notice totals ₹18,12,85,079 when including all components.

Company Response

Godavari Biorefineries disclosed the receipt of the notice on August 29, 2026, via a filing to stock exchanges pursuant to Regulation 30 of the SEBI Listing Regulations. The company stated it is currently examining the notice and will take appropriate legal steps, including filing replies or appeals, as advised.

No material financial impact has been quantified by management at this stage, with the firm noting it is evaluating the implications on its financial and operational activities.