TGIF Agribusiness posts 15.9% profit rise in FY26; AGM on Sept 25
- Net profit rose 15.9% to ₹20,156 thousand in FY26 despite a 0.8% revenue decline
- Cost reductions drove profit before tax up 14.0% to ₹20,841 thousand
- Third AGM scheduled for September 25, 2026, via video conferencing
- E-voting window opens on September 22 and closes on September 24, 2026
- Director Niraj Gemawat seeks re-appointment at the meeting
*this image is generated using AI for illustrative purposes only.
TGIF Agribusiness Limited reported a net profit of ₹20,156 thousand for FY26, up 15.9% from ₹17,382 thousand in FY25. The horticulture-focused firm will hold its third annual general meeting (AGM) on September 25, 2026.
The board approved the annual report on August 25, 2026. In compliance with Regulation 36(1)(b) of SEBI Listing Regulations, the company notified shareholders without registered email addresses that the integrated annual report is available on its website and the BSE portal.
Financial Performance
Revenue from operations declined slightly to ₹33,175 thousand in FY26 compared to ₹33,437 thousand in FY25. However, total expenses decreased significantly to ₹14,968 thousand from ₹17,626 thousand, driving a higher profit before tax of ₹20,841 thousand versus ₹18,284 thousand in the previous year. Other income rose to ₹2,633 thousand from ₹2,473 thousand. Earnings per share (basic and diluted) stood at ₹7.79 in FY26, up from ₹6.72 in FY25.
| Metric | FY26 | FY25 | Change |
|---|---|---|---|
| Revenue from Operations | ₹33,175 thousand | ₹33,437 thousand | -0.8% |
| Profit Before Tax | ₹20,841 thousand | ₹18,284 thousand | +14.0% |
| Net Profit After Tax | ₹20,156 thousand | ₹17,382 thousand | +15.9% |
| EPS (Basic & Diluted) | ₹7.79 | ₹6.72 | +15.9% |
AGM and E-Voting Details
The third annual general meeting will be conducted via video conferencing or other audio-visual means on Friday, September 25, 2026, at 3:00 pm. Shareholders can exercise their right to vote electronically through NSDL.
Key dates for the process are as follows:
- Cut-off date for e-voting: September 18, 2026
- E-voting start: Tuesday, September 22, 2026, at 9:00 am
- E-voting end: Thursday, September 24, 2026, at 5:00 pm
Shareholders holding shares in dematerialized mode are requested to register or update their email addresses with their respective depository participants or with Bigshare Services Private Ltd, the registrar and transfer agent.
Agenda and Governance
Shareholders will consider two ordinary business items: adoption of the standalone audited financial statements for FY26 and re-appointment of Mr. Niraj Gemawat (DIN: 00030749) as a Non-Executive Director. Mr. Gemawat brings over 30 years of experience in business development and finance management.
Mr. Mukesh Jiwnani was appointed as the scrutinizer for the AGM. The statutory auditors, M/s Samir M. Shah & Associates, issued an unmodified opinion on the financial statements. The secretarial audit report by M/s Shalini Pandey & Associates contained no qualifications. The board confirmed that no material changes or commitments affecting the financial position occurred between the end of the financial year and the date of the report.
Historical Stock Returns for TGIF Agribusiness
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.85% | -3.64% | +2.91% | +8.16% | +19.77% | -25.61% |
What specific operational strategies or cost-cutting measures enabled TGIF Agribusiness to significantly reduce total expenses despite a slight decline in revenue?
How might the re-appointment of Mr. Niraj Gemawat influence the company's future business development and financial management initiatives?
Given the flat revenue growth, what are the company's plans for expanding its horticulture portfolio or entering new markets to drive top-line growth in FY27?
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