Submission of Outcome of 39th Annual General Meeting
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Tirupati Starch & Chemicals Ltd held its 39th AGM on 29th August 2025 (1:00 PM to 1:30 PM) via physical mode and video conferencing at its registered office in Indore, Madhya Pradesh. All 14 resolutions on the agenda were passed with the requisite majority. Ordinary business included adoption of standalone and consolidated audited financial statements for FY ended 31st March 2025, re-appointment of two directors (Prakash Chand Bafna and Ramesh Chandra Goyal) retiring by rotation, and appointment of Harish Khandelwal & Company as statutory auditors. Special business covered re-appointments of Managing Director Amit Modi and Whole-time Director Prakash Chand Bafna for 3 years, a change in designation for Ramdas Goyal to Non-executive Non-Independent Director, appointment of two new independent directors (Arpita Garg and Saransh Agrawal), appointment of P.S. Tripathi & Associates as secretarial auditors for 5 years, approval of remuneration to two non-executive directors, and an amendment to the Memorandum of Association to allow setting up captive power generation facilities.
Routine AGM outcome with all resolutions passed cleanly, signaling stable governance with no shareholder dissent. The MOA amendment to add captive power generation signals a potential push for cost savings through self-generated power, which could benefit margins in the starch manufacturing business.