Riddhi Siddhi Gluco Biols Limited has called for a postal ballot to seek shareholder approval for shifting its registered office from the state of Gujarat to the state of Haryana. The company also seeks consent to alter the main object clause of its Memorandum of Association to include new business activities related to corn milling and agro-processing. These proposals require the approval of the Central Government through the Regional Director - North Western Region, Ministry of Corporate Affairs, and other relevant authorities.

The Board of Directors approved the proposal to shift the registered office to facilitate closer operational integration with Bluecraft Agro Private Limited, the group's principal operating company, which has its largest manufacturing facility in Haryana. The company recently acquired a corn milling plant with an annual capacity of 3 lakhs MT from Cargill India Private Limited in Davangere District of Karnataka. To accommodate this diversification, the company plans to expand its product portfolio to include Starches, Dextrose Monohydrate powder, and Dextrose Anhydrous powder, necessitating the alteration of the main object clause.

Mr. Kinjal Shah, Practicing Company Secretary, has been appointed as the Scrutinizer to conduct the postal ballot process through remote e-voting. The company has engaged the National Securities Depository Limited (NSDL) to facilitate the electronic voting facility. The cut-off date for determining shareholder eligibility to vote is Friday, May 29, 2026.

The remote e-voting period is scheduled to begin at 9.00 A.M. IST on Thursday, June 4, 2026, and will end at 5.00 P.M. IST on Friday, July 3, 2026. Members holding shares in either demat or physical form are requested to cast their votes during this window. The results of the postal ballot will be declared within two working days of the conclusion of the e-voting period and will be communicated to BSE Limited.

The explanatory statement notes that none of the Directors or Key Managerial Personnel of the company are interested, financially or otherwise, in the proposed resolutions. The altered Memorandum of Association will be available for inspection at the registered office of the company until the last date of remote e-voting.

Riddhi Siddhi Gluco Biols Limited announced its audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026, following a Board meeting held on May 25, 2026. The company reported a standalone net profit of ₹5,630.56 lakh for the fiscal year, a decrease from the ₹9,411.91 lakh recorded in the previous year. For the quarter ended March 31, 2026, the standalone net profit stood at ₹517.58 lakh. The company also issued a corrigendum to the consolidated audited financial results to rectify an inadvertent error related to Current Tax Assets (Net) amounting to ₹39.94 lakh.

Standalone Financial Performance

The standalone total income for the financial year 2025-26 was ₹30,264.42 lakh, up from ₹21,194.16 lakh in the prior year. Revenue from operations for the year was ₹20,312.55 lakh, compared to ₹9,137.99 lakh in FY25. The company's total expenses for the year increased to ₹23,618.93 lakh from ₹10,939.02 lakh in the previous year.

Consolidated Results

On a consolidated basis, the company reported a net loss of ₹1,222.95 lakh for the financial year ended March 31, 2026, compared to a net loss of ₹1,216.79 lakh in the previous year. The consolidated results include the performance of subsidiary Shree Rama Newsprint Limited. The results were impacted by an impairment loss of ₹2,784.33 lakh recognised on assets classified as discontinued operations. Total consolidated income for the year rose to ₹30,444.64 lakh from ₹22,328.39 lakh in the previous year.

Regulatory and Corporate Updates

The Board of Directors has recommended a final dividend of ₹3 per equity share for the financial year ended March 31, 2026. This dividend is equivalent to 30% of the face value of the equity shares and is subject to the approval of the shareholders. The Board approved the appointment of M/s. J S Varma & Co, Chartered Accountants, as the Internal Auditor for the financial year 2026-27. Additionally, the Board approved a notice for a postal ballot to seek shareholder approval for amending the Memorandum of Association and shifting the registered office from Gujarat to Haryana.