Tirupati Starch & Chemicals Limited , a key player in the starch manufacturing industry, has announced significant changes to its board structure and auditor appointments, signaling a new phase in the company's corporate governance.

Board Restructuring and New Appointments

The Board of Directors has approved several key appointments, subject to shareholder approval at the upcoming 39th Annual General Meeting. Among the notable changes:

• Mr. Saransh Agrawal is recommended for appointment as a Non-executive Independent Director for a five-year term starting October 1, 2025. Mr. Agrawal, a Commerce graduate with CA (Inter) qualification, brings fresh perspective to the board.
• Mr. Ramdas Goyal, a veteran in the company, will transition from his role as Whole-time Director to Non-executive Director, effective July 30, 2025. This change supersedes an earlier resolution for his reappointment as Whole-time Director, indicating a shift in the company's executive structure.

New Auditor Appointments

Tirupati Starch & Chemicals has also made changes to its auditing team:

• M/s Harish Khandelwal & Company, Chartered Accountants, appointed as Statutory Auditors for a five-year term, from the 39th to the 44th Annual General Meeting, replacing the retiring M/s ABMS & Associates.
• M/s P.S. Tripathi & Associates appointed as Secretarial Auditors for a five-year term covering financial years 2025-26 to 2029-30.

These appointments aim to ensure continued transparency and compliance in the company's financial reporting.

Financial Performance

The company also released its unaudited financial results for the quarter ended June 30, 2025. Here are the key highlights:

The company has shown a marked improvement in its financial performance compared to the same quarter last year. Revenue from operations increased by 6.95%, while the company turned a profit of ₹161.60 lakhs compared to a loss in the previous year.

These changes in board structure, auditor appointments, and improved financial performance reflect Tirupati Starch & Chemicals' commitment to strengthening its governance and operational efficiency. Shareholders will have the opportunity to approve these changes at the upcoming Annual General Meeting scheduled for August 29, 2025.

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:

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

1. 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.

2. 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

3. 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.

4. 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 .