Tirupati Starch & Chemicals Limited has completed the dispatch of postal ballot notices to seek shareholder approval for the appointment of three Non-Executive Independent Directors. The remote e-voting period commences at 09:00 A.M. (IST) on July 14, 2026, and concludes at 05:00 P.M. (IST) on August 12, 2026. The results of the e-voting will be announced on or before August 14, 2026.

The Board has recommended the confirmation of Mr. Vipul Jajodia (DIN: 02994593), who was appointed as an Additional Director effective May 15, 2026, for a term of five years ending May 14, 2031. Additionally, the Board proposed the appointment of Mr. Ankush Agrawal (DIN: 05271524) for a five-year term commencing August 14, 2026, and Mrs. Lata Garg for a five-year term effective October 1, 2026. Mrs. Garg's appointment is subject to the allotment of a Director Identification Number (DIN) and registration with The Indian Institute of Corporate Affairs (IICA).

Mr. Vipul Jajodia holds an MBA in Marketing and possesses over 30 years of experience in marketing management, trading, and the construction materials industry. Mr. Ankush Agrawal holds a Bachelor of Engineering degree in Information Technology and brings over 14 years of expertise in software development, process digitalization, and industry automation. Mrs. Lata Garg holds a Master's degree in Sociology and has over 12 years of experience in business management and commercial operations.

Director Appointments

The Company has engaged the services of Central Depository Services (India) Limited (CDSL) to provide the e-voting facility. The cut-off date for determining shareholder eligibility is July 10, 2026. The disclosures were made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Tirupati Starch & Chemicals Limited reported a net profit of ₹658.04 lakh for the financial year ended March 31, 2026, a decline from ₹753.75 lakh in the previous year. Revenue from operations for FY26 stood at ₹36,325.96 lakh, compared to ₹38,622.45 lakh in FY25. The company’s Board of Directors approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, at a meeting held on May 29, 2026.

For the quarter ended March 31, 2026, the company recorded a net profit of ₹244.58 lakh on revenue from operations of ₹8,986.10 lakh. In the corresponding quarter of the previous year, the net profit was ₹153.49 lakh on revenue of ₹9,750.41 lakh. Total income for the quarter was ₹8,996.48 lakh, while total expenses amounted to ₹8,646.14 lakh.

The statutory auditors, Harish Khandelwal & Co., issued an audit report with an unmodified opinion on the standalone and consolidated financial results. The auditors confirmed that the results give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable Indian accounting standards. The report noted that the results for the quarter ended March 31, 2026, are the balancing figures between the audited full-year figures and the published unaudited year-to-date figures up to the third quarter.

Financial Performance

The company’s earnings per share (EPS) for the year ended March 31, 2026, was ₹6.86, down from ₹7.86 in the previous year. For the quarter ended March 31, 2026, the EPS was ₹2.55, compared to ₹1.60 in the same period last year. The paid-up equity share capital remained constant at ₹958.92 lakh.

Consolidated Results

On a consolidated basis, the company reported a net profit of ₹645.88 lakh for FY26, down from ₹752.89 lakh in the previous year. Consolidated revenue from operations was ₹36,325.96 lakh, compared to ₹38,622.45 lakh in FY25. The consolidated financial results include the figures of the holding company and its wholly-owned subsidiary, Tirupati Starch Charitable Foundation.

The company stated that it has only one reportable business segment, the manufacturing of starch and allied products. It also noted that the government's notification of four Labour Codes in November 2025 had an immaterial financial impact on the employee benefit plans.