Announcement under Regulation 30 of SEBI (LODR) - Appointment of Secretarial Auditor
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TGIF Agribusiness reported audited results for FY25 with revenue from operations more than doubling to Rs 334.37 lakhs (from Rs 153.48 lakhs in FY24). Net profit jumped to Rs 173.82 lakhs (vs Rs 67.26 lakhs), pushing EPS to Rs 6.72 (from Rs 3.54). The board re-designated Mr. Indrajeet Mitra as Non-Executive Non-Independent Director and Chairman, replacing Mr. Niraj Gemawat who continues as a director. It appointed Ms. Zalak Chokshi as Internal Auditor for FY26 and M/s Shalini Pandey & Associates as Secretarial Auditor for a five-year term (FY26–FY30), subject to shareholder approval. The company confirmed no deviation in the use of Rs 6.39 crore raised via its May 2024 IPO, with Rs 186.01 lakhs utilized so far across agricultural equipment, working capital, and general corporate purposes.
Strong earnings growth and clean audit opinion are positive signals for shareholders, though the company remains very small and post-IPO utilization is still early. Routine board-level changes and new auditor appointments indicate normal governance housekeeping with no red flags.