Shree Tirupati Balajee Agro Trading Faces Regulatory Fines, Reports Q2 Financial Results

Shree Tirupati Balajee Agro Trading Company Limited has recently faced regulatory challenges while also releasing its financial results for the second quarter of fiscal year 2025-26.

Regulatory Non-Compliance and Board Response

The company has been fined by both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) for failing to submit its annual report within the prescribed timelines under SEBI regulations for the financial year ended March 31, 2025. The exact fine amount imposed by NSE was ₹2,360.00, including GST.

In response to this non-compliance, the company's Board of Directors held a meeting on November 10, 2025, where they:

Acknowledged the delay in submitting the annual report
Expressed regret for the non-compliance
Emphasized the importance of adhering to statutory and regulatory timelines
Directed management to strengthen internal control mechanisms to prevent future occurrences

Q2 FY2025-26 Financial Highlights

Despite the regulatory setback, Shree Tirupati Balajee Agro Trading has reported its financial results for the quarter ended September 30, 2025:

Particulars (₹ in Lakhs)	Q2 FY2025-26	Q2 FY2024-25	YoY Change
Revenue from Operations	8,628.67	10,520.71	-18.00%
Other Income	228.30	115.51	+97.60%
Total Income	8,855.97	10,636.22	-16.70%
EBITDA	588.68	980.19	-40.00%
Net Profit	169.75	411.05	-58.70%

The company experienced a decline in revenue and profitability compared to the same quarter in the previous fiscal year. The revenue from operations decreased by 18.00%, while net profit saw a significant drop of 58.70%.

Half-Year Performance

For the half-year ended September 30, 2025:

Total income stood at ₹15,855.91 lakhs
Net profit was reported at ₹516.40 lakhs

IPO Proceeds Utilization

The company completed its Initial Public Offering (IPO) in September 2024, raising ₹122.42 crore. As of the latest report, the entire amount has been utilized as per the objectives stated in the offer document:

Objective	Amount (₹ in Lakhs)
Repayment of borrowings	3,145.35
Investment in subsidiaries for debt repayment	2,082.14
Working capital requirements	1,350.00
Investment in subsidiaries for working capital	1,074.00
General Corporate Purpose	3,183.11
Issue Related Expenses	1,407.89

Monitoring Agency Report

The company has submitted its monitoring agency report for the quarter ended September 30, 2025, regarding the utilization of IPO proceeds. The report, issued by CARE Ratings Limited, noted that while fund utilization was as per the offer document, the General Corporate Purpose allocation constituted 26% of gross proceeds, exceeding the prescribed 25% threshold under SEBI regulations.

The company's management has stated that this does not materially impact investors' decisions, as the amount raised has not deviated from the objects mentioned in the offer document.

As Shree Tirupati Balajee Agro Trading navigates these regulatory challenges and market conditions, investors and stakeholders will be closely watching the company's efforts to improve compliance and financial performance in the coming quarters.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.25%	-1.29%	-5.33%	-17.96%	-50.59%	-57.12%

Shree Tirupati Balajee Agro Trading Company Limited has announced its unaudited financial results for the second quarter and half-year ended September 30, 2025, revealing a mixed performance across its standalone and consolidated operations.

Standalone Performance

The company's standalone performance showed a significant decline in quarterly profits:

Particulars (₹ in Lakhs)	Q2 FY26	Q2 FY25	Change (%)
Revenue from Operations	8,628.67	10,520.71	-18.0%
Net Profit	169.75	346.65	-51.0%

For the half-year period:

Particulars (₹ in Lakhs)	H1 FY26	H1 FY25	Change (%)
Revenue from Operations	15,334.83	19,433.61	-21.1%
Net Profit	411.06	516.40	-20.4%

Consolidated Results

The consolidated results also reflected a downturn:

Particulars (₹ in Lakhs)	Q2 FY26	Q2 FY25	Change (%)
Revenue from Operations	14,264.55	15,556.68	-8.3%
Net Profit	169.42	635.92	-73.4%

For the half-year period:

Particulars (₹ in Lakhs)	H1 FY26	H1 FY25	Change (%)
Revenue from Operations	26,805.15	29,909.02	-10.4%
Net Profit	805.33	1,698.74	-52.6%

Key Highlights

The company experienced a decline in both revenue and profitability across standalone and consolidated operations for Q2 and H1 FY26.
Standalone Q2 net profit decreased by 51% year-over-year, while consolidated Q2 net profit saw a sharper decline of 73.4%.
Half-yearly results show a less severe but still significant drop, with standalone net profit down 20.4% and consolidated net profit down 52.6%.

Management Commentary

The company's board meeting, held on November 10, 2025, approved these results. The management did not provide specific comments on the performance in the available data.

Other Developments

The board acknowledged communications from BSE and NSE dated October 30, 2025, regarding non-submission of the Annual Report within the prescribed period. The board expressed regret for the delay and directed management to strengthen internal control and monitoring mechanisms to prevent future occurrences.

Investors and stakeholders should note that these results are unaudited and subject to limited review by the company's statutory auditors.