Tirupati Starch & Chemicals shareholders have approved the appointment of three new non-executive independent directors through a remote e-voting postal ballot process. The resolutions were deemed passed on August 12, 2026, following scrutiny by ADJ & Associates, with results declared on August 13, 2026.

The board sought approval for five-year terms for Mr. Vipul Jajodia, Mr. Ankush Agrawal, and Mrs. Lata Garg. All three special resolutions passed with overwhelming support, reflecting strong alignment between promoter and public shareholders on governance changes.

Voting Results

The e-voting period ran from July 14, 2026, to August 12, 2026. As of the record date on July 10, 2026, the company had 10,570 shareholders. A total of 4,732,938 votes were polled out of 9,589,221 shares held, representing a 49.36% participation rate.

Promoter group shareholders held 6,988,673 shares and cast 4,614,007 votes in favor across all resolutions, abstaining from any dissent. Public non-institutional shareholders polled 118,931 votes, with only one vote cast against each resolution. Institutional public shareholders did not participate in the voting process.

What the Numbers Show

The voting pattern highlights significant concentration in shareholder engagement. Promoter entities accounted for 97.5% of all votes polled (4,614,007 out of 4,732,938), while institutional investors, holding 12,700 shares, recorded zero participation. This disparity suggests that governance decisions are heavily influenced by promoter sentiment, with retail investors providing marginal but supportive validation.

Director Appointments

The approved appointments strengthen the company’s independent oversight structure:

• Vipul Jajodia (DIN: 02994593): Term commences May 15, 2026.
• Ankush Agrawal (DIN: 05271524): Term commences August 14, 2026.
• Lata Garg: Term commences October 1, 2026.

All three directors will serve their first consecutive five-year terms. The company confirmed that the promoter group had no financial interest in these agenda items, ensuring compliance with SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Tirupati Starch & Chemicals has accepted the resignation of Mrs. Arpita Garg as a Non-Executive Independent Director on its Board. The resignation becomes effective from the closing hours of August 14, 2026, following her letter dated August 05, 2026. Mrs. Garg cited pre-occupations with other personal and professional commitments as the reason for stepping down. This change alters the composition of the Board and its various committees, requiring the company to ensure continued compliance with independent director requirements under SEBI regulations.

The move was disclosed to BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing also references SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, and SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023. Sourabh Vishnoi, Company Secretary cum Compliance Officer, signed the intimation on behalf of the company.

Mrs. Garg confirmed that there are no other material reasons for her resignation beyond those stated in her letter. The resignation letter was placed before the Board of Directors for consideration and formal acceptance in accordance with regulatory norms. The company noted that she holds no other directorships in listed entities, as per the disclosures required under Para A Sub Para (7B) of Part A of Schedule III.

Resignation Details

The departure does not appear to be linked to any governance issues or disagreements, as explicitly confirmed by the resigning director. The company will need to appoint a replacement to maintain the requisite number of independent directors on its Board.