Tulasee Bio-Ethanol Limited shareholders unanimously approved the company’s financial statements for FY26 and reappointed Kapil Lalitkumar Nagpal as Managing Director for a five-year term. The 38th Annual General Meeting concluded on September 10, 2026, with all three resolutions passing with 100% support.

The meeting was conducted via video conference in compliance with Ministry of Corporate Affairs and SEBI regulations. All five directors attended the proceedings. The requisite quorum was present via video link, allowing the Chairperson to declare the meeting valid.

Shareholder Participation

A total of 29 shareholders participated in the meeting through video conferencing. The breakdown of attendance is detailed below:

No members attended in person or through proxies.

Key Resolutions Passed

Members passed three resolutions with the requisite majority:

• Adoption of financial statements for FY26, including Directors’ and Auditors’ Reports.
• Reappointment of Ms. Kritika Nagpal Lalit (DIN: 00020901) as a director, who retires by rotation under Section 152(6) of the Companies Act, 2013.
• Reappointment of Mr. Kapil Nagpal as Managing Director for a period of five years (Special Resolution).

Voting Results

Remote e-voting was available from September 7, 2026, at 9:00 am to September 9, 2026, at 5:00 pm, via National Securities Depositories Limited (NSDL). M/s Tariq Badgujar & Co served as the scrutinizer. An additional 15-minute e-voting window remained open during the meeting.

The combined voting results for all resolutions were identical, reflecting unanimous support:

No votes were cast against any resolution, and there were no invalid votes.

Tulasee Bio-Ethanol Limited has published the notice for its 38th Annual General Meeting (AGM) in Financial Express and Mumbai Lakshdeep. The publication confirms the details of the meeting scheduled for Thursday, September 10, 2026, at 12:30 pm via Video Conferencing or Other Audio-Visual Means (VC/OAVM). The deemed venue remains the registered office in Raigad, Maharashtra.

Financial Performance

The company reported a pre-tax loss of ₹17.94 lakh for the fiscal year ended March 31, 2026 (FY26), widening from a loss of ₹12.96 lakh in FY25. Tulasee Bio-Ethanol remains inactive in its business operations, with no revenue or operational activity disclosed during the period. Basic earnings per equity share stood at a loss of ₹0.30, compared to a loss of ₹0.22 per share in the previous year.

The financial results reflect the company’s dormant status. There were no current or deferred tax expenses recorded for either year. No dividend was declared or paid during FY26, nor was any final dividend proposed. The Board of Directors confirmed that proper accounting standards were followed and that the financial statements give a true and fair view of the company’s state of affairs.

AGM Agenda

Shareholders will consider and adopt the financial statements for FY26, along with the Directors’ and Auditors’ Reports. Ms. Kritika Nagpal Lalit, a Non-Executive Women Director, retires by rotation and offers herself for reappointment. She attended all four board meetings held during FY26.

Under special business, the board recommends appointing M/s. Sandeep P Parekh & Co as the Secretarial Auditor for five consecutive financial years, from FY27 to FY31. The proposed fee for the first year is ₹50,000, excluding GST and out-of-pocket expenses. Remuneration for subsequent years will be determined by the board in consultation with the auditor.

Voting and Logistics

Remote e-voting will commence at 9:00 am on Monday, September 7, 2026, and end at 5:00 pm on Wednesday, September 9, 2026. The register of members and share transfer book will remain closed from September 3 to September 12, 2026. M/s Tariq Badgujar & Co has been appointed as the scrutinizer for the voting process.

Corporate Governance and Compliance

The company did not appoint an Internal Auditor under Section 138 of the Companies Act, 2013, citing insufficient turnover and non-operation in business activities. It also stated that provisions related to Corporate Social Responsibility, Cost Records, and Maternity Benefits are not applicable due to employee strength and nature of establishment.

Statutory Auditors M/s. A. C. Jhaveri & Associates confirmed compliance with applicable laws and noted no material discrepancies in fixed assets or inventory. The secretarial audit report highlighted that while the company complied with most regulations, it had not appointed an internal auditor as required under Section 138.