Tirupati Starch & Chemicals MD, chairman, board of directors and AGM
BSE: 524582Food ProductsSmall Cap
Share price at the BSE close on 23 Oct 2026. Previous close ₹123.45.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹105 Cr2,661st largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 14 Aug 2026
- 18.4
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 29 May 2026
- 1.6
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 14 Aug 2026
- 8.9%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 14 Aug 2026
- 8.5%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 29 May 2026
- 1.64
- Volume, BSEVolume. Shares traded on the last trading day.
- 1,868
Tirupati Starch & Chemicals board of directors
At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- ChairpersonPrakash Chandra BafnaRelated to the promoter
- Managing directorAmit Modi
- Company Secretary and Compliance OfficerSourabh Vishnoi
14 directors7 independent4 executive3 non-executive
- Prakash Chandra Bafna · ChairpersonExecutive · joined Jun 1987 · reappointed May 2025 · 1 listed board
- Amit Modi · Managing directorExecutive · joined Dec 2014 · reappointed May 2025 · 1 listed board · 2 committee seats
- Ramesh Chandra GoyalExecutive · joined Apr 1993 · reappointed Jun 2024 · 1 listed board
- Yogesh Kumar AgrawalExecutive · joined Sep 2017 · reappointed Sep 2024 · 1 listed board
- Ramdas GoyalNon-executive · joined Dec 1985 · reappointed Aug 2025 · 1 listed board
- Pramila JajodiaNon-executive · joined Sep 2003 · 1 listed board
- Shashikala MangalNon-executive · joined Jan 2004 · 1 listed board
- Ramesh AgrawalIndependent · joined Oct 2016 · reappointed Oct 2021 · 117 months as independent · 1 listed board · 1 as independent
- Yashwant Jain NandechaIndependent · joined Jul 2022 · 47 months as independent · 1 listed board · 1 as independent
- Sandeep AgrawalIndependent · joined Jul 2022 · 47 months as independent · 1 listed board · 1 as independent
- Akshat GargIndependent · joined Oct 2024 · 21 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
- Arpita GargIndependent · joined Jun 2025 · 12 months as independent · 1 listed board · 1 as independent · 2 committee seats
- Saransh AgrawalIndependent · joined Oct 2025 · 9 months as independent · 1 listed board · 1 as independent · 2 committee seats
- Vipul JajodiaIndependent · joined May 2026 · 1 month as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
3 directors who left
- Sagar Jajodia, left 15 May 2026: Others
- Nitin Kumar Gupta, left 30 Sep 2025: Tenure Completion
- Babu Lal Mangal, left 15 Jun 2025: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 29 May 202614 of 14 present7 independent · 13 days in between
- 15 May 202614 of 14 present7 independent · 59 days in between
- 16 Mar 202614 of 14 present7 independent · 29 days in between
- 14 Feb 202613 of 14 present7 independent
Audit Committee
Chair Akshat Garg
Vipul Jajodia, Amit Modi, Arpita Garg, Saransh Agrawal
- 29 May 20265 of 5 present4 independent · 13 days in between
- 15 May 20265 of 5 present4 independent · 89 days in between
- 14 Feb 20264 of 5 present4 independent
Nomination and remuneration committee
Chair Akshat Garg
Vipul Jajodia, Shashikala Mangal, Arpita Garg, Saransh Agrawal
- 15 May 20265 of 5 present4 independent · 59 days in between
- 16 Mar 20265 of 5 present4 independent
Stakeholders Relationship Committee
Chair Vipul Jajodia
Akshat Garg, Amit Modi, Arpita Garg, Saransh Agrawal
- 29 Jun 20265 of 5 present4 independent · 34 days in between
- 25 May 20265 of 5 present4 independent · 29 days in between
- 25 Apr 20264 of 5 present3 independent · 39 days in between
- 16 Mar 20265 of 5 present4 independent · 15 days in between
4 earlier meetings
- 28 Feb 20265 of 5 present4 independent · 13 days in between
- 14 Feb 20264 of 5 present4 independent · 17 days in between
- 27 Jan 20264 of 5 present4 independent · 24 days in between
- 2 Jan 20265 of 5 present4 independent
Corporate Social Responsibility Committee
Chair Ramdas Goyal
Amit Modi, Akshat Garg, Arpita Garg, Saransh Agrawal
- 29 May 20265 of 5 present3 independent · 103 days in between
- 14 Feb 20265 of 5 present3 independent
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Mar 2026.
- Harish Khandelwal & Co.Peer-review certificate valid to Aug 2028
1 earlier auditor
- A B M S & AssociatesNamed in the filing for the quarter to Mar 2025
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Tirupati Starch & Chemicals AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Tirupati Starch & Chemicals share news and announcements
Annual general meeting, 21 Sep 2026
10,539 shareholders on the register on 14 Sep 2026; present: 38 promoters and 24 others; votes counted by Mr. Ankit Dhanotia / M/s ADJ & Associates.The company's voting result (opens in a new tab)
To receive, consider and adopt the Standalone Audited Financial Statements of the Company for the financial year ended 31st March, 2026 together with the Reports of the Board of Directors and Auditors thereonMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 74.04% · promoters 99.94% · institutions 0.00% · other public 4.47%
- To receive, consider and adopt the Consolidated Audited Financial Statements of the Company for the financial year ended 31st March, 2026 together with the Reports of the Auditors thereonOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 74.04% · promoters 99.94% · institutions 0.00% · other public 4.47%
- To appoint a Director in place of Mrs. Pramila Jajodia (DIN: 01586753) who liable to retire by rotation and, being eligible, offers herself for re-appointmentOrdinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.36%
Turnout: all 74.04% · promoters 99.94% · institutions 0.00% · other public 4.47%
- To appoint a Director in place of Mr. Yogesh Kumar Agrawal (DIN: 00107150) who liable to retire by rotation and, being eligible, offers himself for re-appointmentOrdinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.36%
Turnout: all 74.04% · promoters 99.94% · institutions 0.00% · other public 4.47%
- To confirm the Re-appointment of Mr. Yogesh Kumar Agrawal (DIN: 00107150) as Wholetime Director of the Company for the further period of 3 years w.e.f. 01.01.2027Special99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.36%
Turnout: all 61.68% · promoters 82.98% · institutions 0.00% · other public 4.47%
- To confirm the Re-appointment of Mr. Ramesh Chandra Goyal (DIN: 00293615) as Wholetime Director of the Company for a further period of 3 years w.e.f. 28.06.2027Special99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.36%
Turnout: all 65.73% · promoters 88.53% · institutions 0.00% · other public 4.47%
- To approve Re-appointment Mr. Yashwant Jain Nandecha (DIN: 09646541) as an Independent Director of the company for the Second term of 5 consecutive years w.e.f. 07.07.2027Special99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.36%
Turnout: all 74.04% · promoters 99.94% · institutions 0.00% · other public 4.47%
- To approve Re-appointment Mr. Sandeep Agrawal (DIN: 09648527) as an Independent Director of the company for the Second term of 5 consecutive years w.e.f. 07.07.2027Special99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.36%
Turnout: all 74.04% · promoters 99.94% · institutions 0.00% · other public 4.47%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 12 Aug 2026, 3 resolutions
10,570 shareholders on the register on 10 Jul 2026; votes counted by Mr. Ankit Dhanotia / M/s ADJ & Associates.The company's voting result (opens in a new tab)
- To confirm the appointment of Mr. Vipul Jajodia (DIN: 02994593) as a Non-executive Independent Director of the Company for the first term of 5 (five) consecutive years w.e.f. 15.05.2026Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 49.36% · promoters 66.02% · institutions 0.00% · other public 4.60%
- To approve the appointment of Mr. Ankush Agrawal (DIN: 05271524) as Non-executive Independent Director of the Company for a first term of 5 (five) consecutive years commencing from 14.08.2026Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 49.36% · promoters 66.02% · institutions 0.00% · other public 4.60%
- To approve the appointment of Mrs. Lata Garg as Non-executive Independent Director of the Company for a first term of 5 (five) consecutive years commencing from 01.10.2026Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 49.36% · promoters 66.02% · institutions 0.00% · other public 4.60%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Tax disputes and stakes in unlisted companies
Reported in the filing for the quarter to Jun 2026.
- Unlisted stake heldTirupati Starch CharitableFoundationSince 5 Apr 2023
0.00% bought in the quarter; holding 100.00%, from 100.00%
- Tax disputeCOMMR. OF CENTRAL EXCISESince 8 Oct 2014Pending beforeHon’ble Supreme Court
At the filing before: Regarding a demand of Rs. 934.36 Lakhs upto 31.03.2006 raised byCustom & Central Excise Department for wrong classification of MaizeStarch Powder, the Civil Appeals filed by Commr. of Central Excise arepending with Hon’ble Supreme Court.MoreLess
- Tax disputeKrishi Upaj Mandi Samiti, DharSince 25 Mar 2022Pending before Hon’ble High Court of M.P., Bench at Indore
At the filing before: Regarding a demand of Mandi Fees/Nirashit Shulk, a Writ Appeal filed by Krishi Upaj Mandi Samiti, Dhar against Tirupati Starch & Chemicals Limited to set aside the order/s passed by Hon’ble High Court, Indore infavour of Tirupati Starch & Chemicals Limited, is pending before Hon’bleHigh Court of M.P., Bench at Indore.MoreLess
- Tax disputeIncome Tax Department (Appeal), IndoreSince 17 Jun 2025Appeal pending before CIT (Appeals), Indore against order u/s 147.
At the filing before: Regarding re-assessment order dated 28/05/2023 u/s 147 of Income Tax Act, 1961, read with section 144B making additions of Rs. 2.32 Crores u/s 68. The original demand was NIL and was subsequently modified to Rs. 158.43 Lakhs vide notice dated 17/06/2025.MoreLess
In the company's own words, from its latest governance filing.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- No
- The chair is related to the managing director
- No
- The filing has a part on fines and penalties
- No
- The filing has a part on tax disputes
- Yes
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.