Shree Tirupati Balajee Agro accepts resignations of two senior managers

Shree Tirupati Balajee Agro Trading Co. Ltd has accepted the resignations of two Senior Management Personnel (SMPs), Mr. Manoj Jaiswal and Mr. Roshan Choudhary, effective from the close of business hours on August 12, 2026.

The company disclosed the change in leadership pursuant to Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The intimation was filed with the National Stock Exchange of India Ltd. and BSE Limited on August 12, 2026.

Resignation Details

Mr. Jaiswal, who served as the Head of the Human Resources department, tendered his resignation due to personal reasons. He confirmed in his resignation letter that there were no other material reasons for his departure.

Mr. Choudhary, the Head of Enterprise Resource Planning (ERP), resigned citing pre-occupation with other commitments. Both executives ceased to be associated with the company as SMPs immediately upon the closure of business on the specified date.

Regulatory Compliance

The disclosure was made under Schedule III, Part A, Para A of the SEBI Listing Regulations. The company also referenced SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, in its filing. Company Secretary Rishika Singhai signed the intimation on behalf of the board.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.77%	-1.53%	-6.41%	-24.38%	-43.56%	-71.44%

Shree Tirupati Balajee Agro Trading Co. Ltd has been penalised Rs 4,73,624 by the Income Tax Department for under-reporting income during Assessment Year 2017-18. The order, passed by the Assessment Unit under Section 270A of the Income-tax Act, 1961, was received via email on June 05, 2026. The company stated that this financial penalty is not expected to have a material impact on its financial, operational, or other activities.

The penalty arises from allegations of incorrect claims of deductions. Specific violations identified in the order include the delayed deposit of employees' contribution towards Provident Fund (PF) and Employee State Insurance (ESI). Additionally, the order cites the claim of directors' personal expenses as business expenditure and the deduction of compounding fees and interest on Tax Deducted at Source (TDS) as business expenses. These actions were held to fall within the ambit of under-reporting of income under Section 270A(3) read with Section 270A(10) of the Income-tax Act, 1961.

Details of the Order

The disclosure was made to the exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The table below outlines the key particulars of the order:

Sr. No.	Particulars	Details
1	Name of the authority	Assessment Unit, Income Tax Department, Government of India
2	Nature and details of the action(s) taken	Order passed under Section 270A of the Income-tax Act, 1961 imposing penalty for alleged under-reporting of income.
3	Date of receipt of direction or order	Order dated June 05, 2026 received over email on June 05, 2026 at 19:19 hours.
4	Details of the violation(s)	Under-reporting of income arising from incorrect claims of deductions, including (i) delayed deposit of employees' contribution towards PF/ESI, (ii) claim of directors' personal expenses as business expenditure, and (iii) claim of compounding fees and interest on TDS as deductible expenses.
5	Impact on financial, operation or other activities	The penalty amounting to Rs 4,73,624 is not expected to have any material impact on the financial, operational or other activities of the Company.

Future Course of Action

Shree Tirupati Balajee Agro Trading Co. Ltd is currently evaluating the order received from the tax authorities. The company has indicated that it will take appropriate steps, which may include filing an appeal, as advised. The disclosure was signed by Rishika Singhai, Company Secretary and Compliance Officer.