Tirupati Sarjan Limited accepted the resignation of Mr. Jaydeep Dahyabhai Prajapati as an independent director effective September 1, 2026. The company cited pre-occupation in other activities as the reason for his departure.

The resignation was effective from the close of business hours on September 1, 2026. Mr. Prajapati (DIN: 11121076) confirmed that there were no material reasons for his resignation other than those mentioned in his letter.

Board Changes

The board approved the following actions based on recommendations from the Nomination and Remuneration Committee during its meeting on Tuesday, September 1, 2026:

• Reappointment of Mr. Ruchir Rushikeshbhai Patel (DIN: 03185133) as a director. He retires by rotation and has offered himself for reappointment.
• Resignation of Mr. Jaydeep Dahyabhai Prajapati (DIN: 11121076), an independent director, effective September 1, 2026.
• Appointment of Mr. Bharat Trivedi (DIN: 07820494) as an additional director categorized as an independent director.

These decisions are subject to approval by members at the company’s 31st Annual General Meeting.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30(6) read with Schedule III of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company also referenced SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Details regarding the appointments and resignation were enclosed as Annexure A and Annexure B in the filing to BSE Limited.

Tirupati Sarjan Limited reported a net profit of ₹474.18 lakh for the financial year ended March 31, 2026, a decrease from ₹515.52 lakh in the previous year. The company's total revenue for FY26 stood at ₹21,925.65 lakh, compared to ₹22,325.09 lakh in FY25. The board approved the standalone audited financial results at a meeting held on May 28, 2026. MAAK & Associates, Chartered Accountants, issued an unmodified opinion on the audited financial results.

Financial Performance

For the quarter ended March 31, 2026, the company recorded a net profit of ₹123.55 lakh, a decline from ₹134.53 lakh in the corresponding period of the previous year. Total revenue for the quarter increased to ₹8,098.76 lakh from ₹7,838.33 lakh in Q4FY25. Earnings per share (EPS) for the year stood at ₹1.44, down from ₹1.56 in the previous year.

Operational Highlights

The company is engaged in construction and government tender work. During the year, it settled a dispute with Indian Oil Corporation Ltd regarding a terminated contract for a tender worth ₹57.70 crore. The issue, involving a provisional claim of ₹8.69 crore, was settled, and its effect was accounted for in the final accounts for FY26.

Assets and Liabilities

The company's total assets as of March 31, 2026, were ₹18,617.72 lakh, a decrease from ₹19,532.25 lakh in the previous year. Total equity increased to ₹9,396.74 lakh from ₹8,922.56 lakh. Borrowings, both non-current and current, stood at ₹4,040.42 lakh, down from ₹4,731.31 lakh in FY25.