Tandhan Industries has scheduled its 42nd Annual General Meeting for September 30, 2026, seeking shareholder approval for a preferential issue of fully convertible warrants (FCWs) and the ratification of related-party transactions. The company also confirmed the record date for its proposed final dividend of ₹0.01 per equity share for FY26.

The board notified BSE Limited of the meeting details in a filing dated September 8, 2026. The AGM will be conducted via video conferencing or other audio-visual means in compliance with Ministry of Corporate Affairs and SEBI circulars. Remote e-voting through NSDL commences on September 26, 2026, at 9:00 am and ends on September 29, 2026, at 5:00 pm.

Preferential Issue Details Revised

The board previously authorized the issuance of up to 63,99,720 Fully Convertible Warrants (FCWs) with a face value of ₹10 each. The revised issue price is set at ₹81 per warrant, resulting in an aggregate consideration of up to ₹51.84 crore. These instruments are being allotted to persons belonging to the Promoter and Promoter Group category under Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Each warrant converts into one equity share of face value ₹10 at a conversion price of ₹81. Conversion must occur within 18 months from allotment. If unconverted, the warrants lapse and the amount is forfeited. Investors must pay 25% of the price at allotment and the remaining 75% upon exercise.

Allotment Structure

The warrants are allocated among three promoter entities. Post-conversion, the total diluted paid-up capital will reflect these holdings.

Related Party Transactions Ratification

The meeting will also address a special resolution to approve and confirm related-party transactions undertaken by wholly-owned subsidiary Tandhan Polyplast Limited (TPL), aggregating to ₹14.92 crore. These transactions involve the utilization of funds deployed in TPL from the proceeds of the company's earlier preferential issue.

The Monitoring Agency, Infomercis Valuation and Rating Limited, observed that while there was no deviation from the approved objects of the preferential issue, certain transactions required listed-entity level approval. The transactions include:

• Security deposit of ₹7.50 crore paid to Jalan Sarees Private Limited for lease of land and building used for TPL's factory premises.
• Trade advance of ₹3.12 crore paid to Tandhan Power Technologies Private Limited towards procurement of resins.
• Payments of ₹4.30 crore made to Tandhan Exim Private Limited towards construction of an industrial shed for TPL.

The statutory auditor has certified no deviation or variation in the use of funds raised. The board states these actions are measures of abundant caution and good corporate governance.

Capital and Dividend Updates

The authorized share capital increases from ₹60 crore to ₹65 crore, divided into 6.5 crore equity shares of ₹10 each. This requires shareholder approval. The board also adopted the board report and annexures for FY26.

For the financial year ended March 31, 2026, the directors recommended a dividend of ₹0.01 per equity share. This recommendation is pending member approval at the Annual General Meeting. If approved, payment will be made within 30 days subject to tax deduction at source.

AGM and Record Dates

The 42nd Annual General Meeting is scheduled for September 30, 2026, at 11:30 am via video conferencing. The book closure period runs from September 24 to September 30, 2026. The record date for voting eligibility is fixed at September 23, 2026. M/s. MR & Associates has been appointed as the scrutinizer for the e-voting process. Mr. Ankit Jalan retires by rotation and offers himself for re-appointment.

Tandhan Industries reported a consolidated net profit of ₹654.45 lakh for the quarter ended March 31, 2026, a significant turnaround from the previous year's performance. The company's Board of Directors approved the audited standalone and consolidated financial results for the fourth quarter and financial year ended March 31, 2026, at a meeting held on May 30, 2026. The statutory auditors, M/s. Laxmikant Kabra & Co LLP, issued an unmodified opinion on the results.

Consolidated Financial Performance

For the financial year ended March 31, 2026, the company recorded a consolidated total revenue of ₹10,009.69 lakh and a net profit of ₹1,083.19 lakh. The profit for the period was driven by strong operational performance, with profit before tax for the year standing at ₹1,255.94 lakh. The results include the financials of Tandhan Polyplast Limited, a subsidiary acquired during the year, marking the first instance of consolidated financial reporting for the entity.

Standalone Results

On a standalone basis, the company reported a total revenue of ₹13.77 lakh for the quarter ended March 31, 2026, and a net loss of ₹30.22 lakh. For the full financial year, standalone total revenue was ₹61.03 lakh, with a net loss of ₹25.10 lakh. The standalone results reflect the company's position prior to the consolidation of its subsidiary.

Board Decisions and Appointments

During the meeting held on May 30, 2026, the Board also appointed M/s. Baid & Gupta, Chartered Accountants, as the internal auditor of the company for the financial year 2026-27. The appointment was made based on the recommendation of the Audit Committee to comply with the provisions of the Companies Act, 2013 and SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Auditor's Report

M/s. Laxmikant Kabra & Co LLP, the statutory auditors, provided an unmodified opinion on both the standalone and consolidated financial results. The auditors confirmed that the results give a true and fair view of the company's financial position and comply with the recognition and measurement principles laid down in the applicable accounting standards.