NewsEarningsTirupati Starch Reports ₹9,750.41 Lakh Revenue in Q1, Announces Key Board DecisionsTirupati Starch Reports ₹9,750.41 Lakh Revenue in Q1, Announces Key Board Decisions
By ScanX News Team
Tirupati Starch & Chemicals Limited reported Q1 financial results with consolidated revenue of ₹9,722.72 lakhs and net profit of ₹161.60 lakhs. The Board approved new auditor appointments, recommended a new Independent Director, and changed Mr. Ramdas Goyal's designation to Non-executive Director. The 39th Annual General Meeting is scheduled for August 29, 2025. The company also updated several corporate governance policies.
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Tirupati Starch & Chemicals Limited , a leading manufacturer of starch and allied products, has reported its financial performance for the first quarter along with several significant board decisions.
Financial Highlights
The company announced its standalone and consolidated unaudited financial results for the quarter:
| Particulars (₹ in Lakhs) | Q1 (Standalone) | Q1 (Consolidated) |
|---|---|---|
| Revenue from Operations | 9,750.41 | 9,722.72 |
| Total Income | 9,235.72 | 9,235.50 |
| Profit Before Tax | 162.72 | 172.42 |
| Net Profit | 144.00 | 161.60 |
The company's standalone revenue from operations stood at ₹9,750.41 lakhs, with a net profit of ₹144.00 lakhs for the quarter. On a consolidated basis, the company reported a slightly higher net profit of ₹161.60 lakhs.
Key Board Decisions
The Board of Directors, in their meeting held on July 29, approved several important appointments and changes:
Auditor Appointments
Secretarial Auditors: M/s P.S. Tripathi & Associates, Practicing Company Secretaries, Indore, have been appointed for a term of five consecutive years from FY 2025-26 to FY 2029-30.
Statutory Auditors: M/s Harish Khandelwal & Company, Chartered Accountants, Indore, have been appointed for a term of five consecutive years, from the conclusion of the 39th Annual General Meeting until the conclusion of the 44th Annual General Meeting.
Board Changes
New Independent Director: The Board recommended the appointment of Mr. Saransh Agrawal as a Non-executive Independent Director for a term of five consecutive years, commencing from October 1, 2025, subject to necessary approvals.
Change in Director Designation: Mr. Ramdas Goyal's designation has been changed from Whole-time Director to Non-executive Director, effective July 30, 2025, subject to shareholders' approval at the upcoming Annual General Meeting.
Annual General Meeting
The company has scheduled its 39th Annual General Meeting for August 29, 2025. The Board has approved the annual report and updated various compliance policies in preparation for the meeting.
Corporate Governance
In line with regulatory requirements, the company has reviewed and approved updates to several key policies, including:
- Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information
- Code of Conduct to Regulate, Monitor and Report Trading by Insiders
- Policy for determination of Materiality of Events
- Policy for procedure of inquiry in case of leak of Unpublished Price Sensitive Information
These updates reflect Tirupati Starch & Chemicals Limited's commitment to maintaining high standards of corporate governance and transparency.
The company's shares are listed on the BSE with the scrip code 524582 and ISIN INE314D01011. Investors and stakeholders can access more detailed financial information on the company's website at www.tirupatistarch.com .
Historical Stock Returns for Tirupati Starch & Chemicals
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.54% | -2.68% | +12.61% | +4.57% | -1.72% | +586.30% |
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