Tarai Foods has passed all resolutions proposed at its 36th Annual General Meeting, including the adoption of financial statements for the fiscal year ended March 31, 2026. The results were declared on September 28, 2026, following remote e-voting and electronic voting at the meeting.

The meeting was presided over by Chairman and Managing Director G.S. Sandhu, who confirmed the requisite quorum with 83 members participating remotely during the session held via Video Conferencing and Other Audio Visual Means. The agenda included the appointment of a director retiring by rotation.

Voting results and attendance

Based on the consolidated report from the scrutinizer, Santosh Kumar Pradhan, 127 votes were cast in total across remote e-voting and electronic voting at the AGM. The breakdown for both resolutions was identical:

A total of 126 members cast their votes through the remote e-voting platform, while 1 member voted via the electronic facility at the AGM. No invalid votes were recorded.

Proceedings and attendees

G.S. Sandhu welcomed Independent Directors Lilanshu Arora and Satish Kumar, along with Company Secretary Vijay Kant Asija. Ms. Bhavya Sharma, representing statutory auditors Sunil Vashisht and Co., also attended. The Chairman briefed members on the financial highlights for FY26 before the notice and reports were taken as read.

Remote e-voting facilities were provided to shareholders holding shares as of the cut-off date, September 21, 2026. The voting period for remote e-voting commenced on September 25, 2026, and ended on September 27, 2026.

Resolutions passed

The meeting addressed ordinary business items, including:

• Adoption of the audited financial statements for FY26.
• Appointment of G.S. Sandhu (DIN: 00053527) in place of himself, as he retired by rotation.

The results were uploaded to the company website and stock exchanges in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Tarai Foods has scheduled its 36th Annual General Meeting for Monday, September 28, 2026. The register of members and share transfer books will remain closed from Tuesday, September 22, 2026, to Monday, September 28, 2026, to determine eligibility for voting.

The meeting will be held at 10:30 am through video conferencing or other audio-visual means. Shareholders on record as of the closing date will be eligible to vote on key agenda items, including the adoption of financial statements and director re-appointments.

Financial Performance

The food processing firm reported a net loss of ₹44.67 lakh for FY26, widening significantly from the ₹19.77 lakh loss in the previous year. The company generated zero revenue from operations during the period.

Total income stood at ₹11.18 lakh, derived entirely from other income sources such as interest on deposits and miscellaneous receipts. This compares to total income of ₹19.00 lakh in FY25, which included ₹18.50 lakh from scrap sales.

Total expenses rose to ₹55.85 lakh from ₹38.77 lakh in the prior year. Depreciation and amortization expenses more than doubled to ₹16.15 lakh from ₹8.11 lakh. Employee benefit expenses increased to ₹9.41 lakh from ₹8.31 lakh, while other expenses, including legal and professional charges of ₹9.15 lakh, contributed to the higher burn rate.

What the Numbers Show

The divergence between rising expenses and stagnant income highlights the structural cost burden on an idle asset base. With zero operational revenue, the entire ₹11.18 lakh income was insufficient to cover even half of the ₹55.85 lakh in total expenditures. The doubling of depreciation charges indicates that the company continues to carry significant fixed assets on its balance sheet despite having no production or sales activity, accelerating the erosion of its already negative net worth.

Balance Sheet and Compliance

As of March 31, 2026, total assets decreased to ₹250.57 lakh from ₹303.78 lakh in the previous year. Cash and cash equivalents dropped sharply to ₹35.62 lakh from ₹81.13 lakh, reflecting a net cash outflow of ₹44.52 lakh for the year. Long-term borrowings remained at ₹255.57 lakh, primarily comprising unsecured loans from directors and related parties.

The secretarial audit report highlighted significant regulatory non-compliances. The company failed to file financial statements with the Ministry of Corporate Affairs for four consecutive years, leading to the disqualification of all directors under Section 164(2) of the Companies Act, 2013. Other lapses included non-filing of quarterly results with the stock exchange and failure to maintain promoter holdings in demat mode.

AGM Details and Director Re-appointment

The primary agenda for the upcoming meeting includes the adoption of the Balance Sheet as at March 31, 2026, and the Profit and Loss Account for the year ended on that date. Shareholders will also vote on the re-appointment of Mr. G.S. Sandhu (DIN: 00053527), who retires by rotation and offers himself for re-appointment as a Director.

Mr. Sandhu, aged 78, has been associated with the company since its inception in 1990. He holds a B.Sc. from Sr. Cambridge and possesses over 35 years of experience in the food business. He currently holds 16,58,562 shares in Tarai Foods Limited and serves as the Managing Director without remuneration. He also holds directorships in Tarai Farmlands Private Limited and Suraiya Exports Private Limited.

Remote e-voting facility will be available from September 25, 2026, to September 27, 2026, via the CDSL e-voting system.