Rajshree Sugars & Chemicals company name concluded its 40th Annual General Meeting (AGM) on July 23, 2026, with the Chairperson confirming that both the Statutory Auditors’ Report and the Secretarial Audit Report contained no qualifications, observations, or comments. The meeting, held via Video-Conferencing/Other Audio-Visual Means (VC/OAVM), addressed shareholders on the company’s operational and financial performance for the financial year ended March 31, 2026. This clean audit status is a key indicator of regulatory compliance and governance health for investors monitoring the firm’s adherence to statutory norms.

The proceedings were conducted in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Ms. Rajshree Pathy, Chairperson of the Company, declared the meeting duly convened after ascertaining the requisite quorum. The deemed venue was the registered office at 1GV, 360, Kamaraj Road, Uppilipalayam, Coimbatore – 641015. All Directors, including Executive, Non-Executive, and Independent Directors, were present, along with the Chairpersons of the Audit Committee, the Nomination and Remuneration Committee, and the Stakeholders Relationship Committee.

Key Meeting Details

Shareholder Engagement and Voting

Five shareholders registered as speakers prior to the deadline of July 17, 2026. Three spoke during the AGM, while one faced technical difficulties and another submitted queries via email. The Chairperson, the Whole-time Director, and the Chief Financial Officer addressed these queries. Remote e-voting commenced at 9:00 a.m. on July 20, 2026, and closed at 5:00 p.m. on July 22, 2026. Mr. B. Krishnamoorthi, Practising Chartered Accountant, served as the Scrutinizer for both remote e-voting and the voting process during the AGM.

Outcome and Next Steps

The resolutions were deemed passed on the date of the AGM, subject to receiving the requisite number of votes. The voting results, along with the Scrutinizer’s Report, will be declared within two working days. These documents will be uploaded to the company’s website, the NSDL website, and the notice board of the Company. The results will also be communicated to the National Stock Exchange of India Limited and BSE Limited.

Rajshree Sugars & Chemicals Ltd reported a widened net loss of ₹2,332.96 lakh for the quarter ended June 30, 2026, compared to a net loss of ₹1,414.19 lakh in the same period last year. The company's revenue from operations rose to ₹15,322.53 lakh in Q1FY26 from ₹14,092.87 lakh in Q1FY25, driven primarily by its Sugar and Distillery segments. The unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors in its 219th meeting held on July 20, 2026.

The total expenditure for the quarter stood at ₹17,673.07 lakh, a significant increase from the previous year's ₹15,515.82 lakh. This rise was largely attributed to changes in inventories of finished goods, work in progress, and stock-in-trade, which amounted to ₹10,990.89 lakh, compared to ₹8,060.83 lakh in the prior year. Finance costs also increased to ₹377.08 lakh from ₹318.76 lakh. Consequently, the profit before tax for the period was a loss of ₹2,332.96 lakh, compared to a loss of ₹1,414.19 lakh in the corresponding quarter of the previous year.

Segment Performance

The company operates across three business segments: Sugar, Cogeneration, and Distillery. The Sugar segment reported revenue of ₹12,430.47 lakh but incurred a loss before tax and interest of ₹1,568.78 lakh. The Distillery segment contributed ₹3,326.92 lakh in revenue and posted a profit of ₹138.30 lakh before tax and interest. The Cogeneration segment recorded revenue of ₹420.11 lakh and a loss of ₹130.05 lakh before tax and interest.

Financial Metrics

The basic and diluted earnings per share (EPS) for the quarter were reported at a loss of ₹7.04, compared to a loss of ₹4.27 in the same quarter of the previous year. The paid-up equity share capital remained unchanged at ₹3,313.56 lakh. The statutory auditors, S. Krishnamoorthy & Co., conducted a limited review of the financial results in accordance with the Standard on Review Engagements (SRE) 2410.