Tashi India Limited has scheduled its 41st Annual General Meeting for September 19, 2026, at its registered office in Nagpur. The Board of Directors announced the schedule on August 28, 2026, via a communication to BSE Limited.

The company published the notice in Indian Express and Loksatta on August 29, 2026. The physical dispatch of the Annual Report for FY26 is complete.

Key Dates for Shareholders

The company has defined specific dates for record determination and book closure to facilitate the voting process.

Voting and Eligibility

Shareholders holding shares as of the record date on September 12, 2026, will be eligible to avail the e-voting facility. Pursuant to Regulation 42 of the Listing Regulations, the Register of Members will remain closed from September 13, 2026, through September 19, 2026.

Remote e-voting commences on Wednesday, September 16, 2026, at 9:00 am and ends on Friday, September 18, 2026, at 5:00 pm. Central Depository Services (India) Limited provides the e-voting services.

Ms. B. Chhawahchharia & Co., Chartered Accountants, Nagpur (FRN-305123), is appointed as the scrutinator for the e-voting and physical ballot process. Members attending the meeting who have not cast their votes remotely may exercise their voting rights at the venue.

Rohit Bajaj, Director, signed the disclosure. Ruchita Jain, Director, confirmed the newspaper advertisement publication.

Tashi India Limited filed its 41st annual report for the financial year ended March 31, 2026, revealing a sharp decline in profitability despite higher total income. The company reported a net profit after tax of ₹71.14 lakh, down 59% from ₹173.42 lakh in FY25, primarily due to a reversal in tax benefits and increased expenses.

The filing confirms the schedule for the 41st Annual General Meeting (AGM) on September 19, 2026, where shareholders will vote on the adoption of financial statements and the appointment of new independent directors.

Financial Performance

Total income surged to ₹450.99 lakh from ₹198.55 lakh in the previous year, driven largely by gains from the sale of shares which stood at ₹187.21 lakh. However, this was offset by a significant rise in total expenses to ₹292.95 lakh from ₹48.51 lakh. Key expense drivers included purchases of stock-in-trade (₹188.76 lakh) and a ₹53.56 lakh write-off of fixed assets.

Profit before tax grew modestly by 5.3% to ₹158.04 lakh. However, the tax position deteriorated significantly. While FY25 saw a net tax credit of ₹23.37 lakh due to deferred tax benefits, FY26 recorded a total tax expense of ₹86.90 lakh, comprising current tax of ₹60.34 lakh and deferred tax of ₹26.56 lakh.

Earnings per share (EPS) fell to ₹3.80 from ₹23.41. Total comprehensive income dropped sharply to ₹28.23 lakh from ₹173.82 lakh, impacted by a ₹42.91 lakh loss from changes in the fair value of equity instruments recorded in other comprehensive income.

Balance Sheet and Cash Flow

As of March 31, 2026, total assets stood at ₹1,935.59 lakh, up from ₹1,743.30 lakh. The company acquired investment property worth ₹600.25 lakh during the year. Loans outstanding increased to ₹541.27 lakh from ₹509.05 lakh, all classified as unsecured loans to related parties.

Cash and cash equivalents declined to ₹129.73 lakh from ₹390.15 lakh. The company raised borrowings of ₹190.57 lakh via a term loan from UCO Bank, secured against residential property. Net cash used in investing activities was ₹533.15 lakh, primarily due to share purchases.

Corporate Governance and AGM

The Board of Directors did not recommend any dividend for FY26 to conserve resources for future business requirements. Shareholders will vote on the following key resolutions at the AGM:

• Adoption of Financial Statements: Approval of standalone and consolidated audited financial statements for FY26.
• Re-appointment of Director: Shri Rohit Bajaj retires by rotation and offers himself for re-appointment.
• Appointment of Independent Directors:
  • Mrs. Ruchita Jain: Appointed effective March 21, 2026, bringing financial analysis expertise from UltraTech Cement Limited.
  • Mr. Monal Malji: Appointed effective March 31, 2026, contributing operational management skills from Creative Minds.

Both new directors will serve five-year terms ending in March 2031. The company also disclosed that Mr. Akshay Ratanchand Ranka resigned from the office of Director with effect from May 8, 2026, subsequent to the close of the financial year.

What the Numbers Show

The divergence between operating profit and net profit highlights the impact of non-operational factors. While profit before tax grew modestly by 5.3%, the reversal of deferred tax benefits from FY25 (where it contributed positively) to a substantial deferred tax expense in FY26 significantly eroded bottom-line growth. Additionally, the heavy reliance on share sales for revenue growth—contributing over 77% of operational revenue—suggests volatility in core interest-based earnings.