Submission of Notice of 39th Annual General Meeting of the Company to be held on 29th August 2025 at 1.00 PM (IST).
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Awaiting price reaction for this filing.
Tirupati Starch & Chemicals has sent out the notice for its 39th Annual General Meeting scheduled for Friday, 29th August 2025 at 1:00 PM IST, to be held both physically and via video conferencing from its registered office in Indore. The notice covers routine items like adoption of audited standalone and consolidated financial statements for FY25 and re-appointment of two directors retiring by rotation (Mr. Prakash Chand Bafna and Mr. Ramesh Chandra Goyal). Key special business includes the re-appointment of Mr. Amit Modi as Managing Director and Mr. Prakash Chand Bafna as Chairman cum Whole-time Director, each for 3 years with a salary of up to Rs. 84 lakh per annum, plus the appointment of new Statutory Auditors (M/s Harish Khandelwal & Co.) and Secretarial Auditors (M/s P.S. Tripathi & Associates), both for 5-year terms. Two new Independent Directors (Mrs. Arpita Garg and Mr. Saransh Agrawal) are being appointed, while 78-year-old Mr. Ramdas Goyal will shift from Whole-time Director to Non-Executive Non-Independent Director with no remuneration from 30 August 2025. The company is also seeking shareholder approval to amend its MOA to add power generation for captive consumption as a business activity.
Most items are routine governance, but shareholders should note the MOA amendment for captive power generation which signals a possible move into in-house power setup. The leadership and auditor changes are largely continuations, so material impact on the stock is likely limited. Remote e-voting runs from 26–28 August 2025 with 22 August as the cut-off date.