Tirupati Sarjan Limited will hold its 31st Annual General Meeting on September 30, 2026, via video conference. The meeting agenda includes adopting the audited financial statements for FY26 and regularizing the appointment of a new independent director.

The company closed its register of members and share transfer books from September 23 to September 29, 2026, to determine eligibility for voting and dividend rights. The record date for the AGM is September 22, 2026.

Key Dates

AGM Agenda

The meeting will transact both ordinary and special business items. Under ordinary business, shareholders will consider and adopt the audited financial statements for the financial year ending March 31, 2026. Additionally, the re-appointment of Mr. Ruchir Rushikeshbhai Patel as a director retiring by rotation will be put to vote.

The special business item involves the regularization of Mr. Bharat Trivedi (DIN: 07820494) as a Non-Executive Independent Director. He was initially appointed as an Additional Director on September 1, 2026, and will hold office for five years subject to member approval.

Voting and Participation

Shareholders can participate in the AGM through Video Conferencing (VC) or Other Audio-Visual Means (OAVM). Remote e-voting is facilitated by National Securities Depository Limited (NSDL). The remote e-voting period begins on September 27, 2026, at 9:00 am and ends on September 29, 2026, at 5:00 pm.

Individual shareholders holding securities in demat mode can vote through their depository accounts (NSDL or CDSL). Institutional shareholders must submit scanned copies of board resolutions or authority letters to the scrutinizer via email. Physical attendance is not required in compliance with Ministry of Corporate Affairs circulars.

Tirupati Sarjan reported a net profit of ₹474.2 lakh for the financial year ended March 31, 2026, a decline of 8% from the previous year’s ₹515.0 lakh. Total income stood at ₹21,925.7 lakh, down from ₹22,325.1 lakh in FY25.

The company’s 31st Annual General Meeting is scheduled for September 30, 2026. Directors recommended retaining earnings for future operations rather than declaring a dividend.

Financial Performance

Revenue from operations decreased slightly to ₹21,626.7 lakh in FY26, compared to ₹22,046.1 lakh in the prior year. Other operating income rose to ₹146.1 lakh from ₹120.8 lakh, while other finance income dipped marginally to ₹152.8 lakh.

Finance costs dropped significantly to ₹390.8 lakh from ₹520.9 lakh, driven by lower interest expenses on borrowings. However, construction expenses increased to ₹11,578.4 lakh from ₹10,867.8 lakh, pressuring margins. Depreciation remained stable at ₹114.5 lakh.

Balance Sheet Signals

Total assets declined to ₹18,617.7 lakh from ₹19,532.3 lakh. Non-current assets rose slightly to ₹9,126.0 lakh, while current assets fell to ₹9,491.7 lakh. Inventories decreased to ₹6,121.2 lakh from ₹6,790.1 lakh, indicating better stock management or project completion.

Gross debt stood at ₹4,040.4 lakh, down from ₹4,731.3 lakh in FY25. Cash and cash equivalents were ₹416.5 lakh. The debt-to-equity ratio improved to 0.43 from 0.53, reflecting a stronger capital structure.

What the Numbers Show

While revenue remained relatively flat, the significant reduction in finance costs helped cushion the impact of rising construction expenses. The decline in trade receivables to ₹2,641.1 lakh from ₹3,186.3 lakh suggests improved collection efficiency, contributing to better working capital dynamics despite lower overall profitability.

Corporate Governance

Mr. Ruchir Rushikeshbhai Patel retires by rotation at the AGM and offers himself for re-appointment. The board also seeks approval to regularize Mr. Bharat Trivedi as an Independent Director for five years. No dividends were declared for FY26.