Tirupati Starch & Chemicals Limited announced the cessation of Ramesh Agrawal from the position of Independent Director effective September 30, 2026. This change follows the completion of his second consecutive five-year term with the company.

The board filed this intimation with BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The departure marks the end of Agrawal’s tenure, which concluded at the close of business on the specified date.

Cessation details

The company confirmed that Agrawal retired from office due to the successful completion of his statutory term limits. No resignation or removal was cited as the reason for the change.

Regulatory compliance

The disclosure adheres to 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. These guidelines mandate specific disclosures for changes in directorship.

The Board of Directors and management expressed appreciation for Agrawal’s contributions during his association with the firm. The company secretary cum compliance officer, Sourabh Vishnoi, signed the filing digitally on September 30, 2026.

Tirupati Starch & Chemicals Limited confirmed that all resolutions proposed at its 40th Annual General Meeting were duly approved by shareholders with overwhelming majority. The company submitted the combined voting results and the Scrutinizer’s Report to BSE Limited on September 22, 2026, following the meeting held on September 21, 2026.

The meeting, conducted in a hybrid format combining physical attendance with video conferencing, saw a total of 8 resolutions passed. These included the adoption of standalone and consolidated financial statements for FY26 and various director reappointments. The Scrutinizer, Ankit Dhanotia of M/s. ADJ & Associates, certified that all resolutions were carried out with the requisite majority through remote e-voting, e-voting during the AGM, and voting by poll.

Governance Updates

Mr. Prakash Chandra Bafna, Chairman, presided over the meeting. Mr. Sourabh Vishnoi, Company Secretary and Compliance Officer, welcomed attendees and confirmed the presence of all directors, key managerial personnel, statutory auditors, secretarial auditors, and the scrutinizer.

The quorum was present, allowing the meeting to proceed. The Company Secretary informed members that all statutory registers and documents were available for inspection throughout the session.

Financial Statements Adoption

Shareholders received, considered, and adopted the standalone and consolidated audited financial statements for the fiscal year ended March 31, 2026. These approvals included the reports of the Board of Directors and the auditors.

The auditors’ reports on both standalone and consolidated financial statements contained no qualifications, reservations, adverse remarks, or disclaimers. The observations from the Secretarial Audit Report were also read during the meeting.

Director Reappointments

The meeting addressed multiple ordinary and special resolutions regarding board composition. The voting results indicate strong shareholder support for the proposed reappointments:

Note: For the reappointments of Mr. Yogesh Kumar Agrawal and Mr. Ramesh Chandra Goyal as Whole-time Directors, they and their relatives abstained from voting due to interest in the resolution.

Director Profile Details

The company disclosed specific details regarding the reappointed directors in compliance with SEBI Listing Regulations:

• Mr. Yogesh Kumar Agrawal: Re-appointed as Whole-time Director for 3 years effective January 1, 2027. He holds a B.Sc. and LL.B. degree and has over 39 years of experience in manufacturing, marketing, and sales of maize, starch, dextrose, and allied products. His tenure extends until December 31, 2029.
• Mr. Ramesh Chandra Goyal: Re-appointed as Whole-time Director for 3 years effective June 28, 2027. He is a graduate with over 38 years of experience in manufacturing, purchase management, vendor relations, marketing, and sale of maize starch, dextrose, and other chemicals. His tenure extends until June 27, 2030.
• Mr. Yashwant Jain Nandecha: Re-appointed as Independent Director for a second term of 5 years effective July 7, 2027. He is a graduate with experience in specific functional areas of business. His tenure extends until July 6, 2032.
• Mr. Sandeep Agrawal: Re-appointed as Independent Director for a second term of 5 years effective July 7, 2027. He is a post-graduate with experience in specific functional areas related to exports. His tenure extends until July 6, 2032.

All four directors are not debarred from holding office pursuant to any SEBI order. None have disclosed relationships with other directors of the company.

Voting Process

Members were offered the option to register as speakers. Mr. Amit Modi, Managing Director, responded to questions raised by members who had registered to speak. No questions were raised by physically present members.

Electronic voting was available via remote e-voting and ballot papers during the AGM. Voting remained open for 15 minutes after the conclusion of the meeting for virtual attendees who had not yet cast their votes. The company stated that the combined results of remote e-voting and in-meeting voting have now been declared following the Scrutinizer’s Report.