AGM Details

  • Date: Wednesday, 30th September 2026
  • Time: 1:00 PM (IST)
  • Mode: Video Conferencing/Other Audio Visual Means
  • Record Date: Wednesday, 23rd September 2026

Ordinary Business Items

1. Adoption of Audited Standalone Financial Statements

To receive, consider and adopt Audited Standalone Financial Statements for FY ended 31-March-2026 with reports of Board of Directors and Auditors.

2. Adoption of Audited Consolidated Financial Statements

To receive, consider and adopt Audited Consolidated Financial Statements for FY ended 31-March-2026 with Auditors' Report.

3. Re-appointment of Director

Re-appointment of Mr. Vishal Goel (DIN: 01084706), Whole Time Director, who retires by rotation.

Special Business Items

4. Ratification of Secretarial Auditor Appointment

Appointment of CS Manoj Kumar Agarwal (COP No. 6070) of M/s M. Agarwal & Associates as Secretarial Auditor for 5 consecutive years from FY 2025-26 to 2029-30.

5. Material Related Party Transaction with M/s Unity Enterprises

Approval for transactions with M/s Unity Enterprises (proprietorship of Rohit Gupta, Whole Time Director) for purchase/sale/supply of goods up to ₹20 crore for FY 2026-27.

  • Relationship: Proprietorship firm of Rohit Gupta, Whole Time Director
  • Nature: Purchase of Dried Distillers Grains with Solubles (DDGS)
  • Previous FY transactions: ₹2.79 crore in current FY (up to June 2026)
  • Value as % of turnover: 12.97% of consolidated turnover (₹15,425.61 lakhs)
  • Shareholding: Rohit Gupta holds 90,001 equity shares (1.01%)

6. Material Related Party Transaction with M/s Golden Pearl Oil Products LLP

Approval for transactions with M/s Golden Pearl Oil Products LLP (where directors are partners) for purchase/sale/supply of goods up to ₹20 crore for FY 2026-27.

  • Relationship: Wholly owned subsidiary (99.70% capital contribution)
  • Nature: Sale of crude maize oil
  • Previous FY transactions: ₹2.11 crore in current FY (up to June 2026)
  • Value as % of turnover: 12.97% of consolidated turnover
  • Subsidiary turnover: FY25-26 revenue ₹1,780.34 lakhs

7. Payment of Remuneration to Mrs. Rashika Gupta

Approval for payment of ₹9,00,000 to Mrs. Rashika Gupta (DIN: 06678088), Non-Executive Director for FY 2025-26.

  • Age: 46 years
  • Date of first appointment: 23-09-2013
  • Shareholding: 23,46,954 equity shares
  • Board meetings attended: 12 out of 12 in FY25-26

Financial Performance Summary

Standalone (₹ in lakhs)

  • Revenue from operations: 6,667.48 (PY: 7,470.61)
  • Profit before tax: 67.39 (PY: 408.83)
  • Profit after tax: (12.57) loss (PY: 283.86 profit)
  • EPS: (0.16) (PY: 4.36)

Consolidated (₹ in lakhs)

  • Revenue from operations: 15,425.61 (PY: 13,546.15)
  • Profit before tax: 121.14 (PY: 591.86)
  • Profit after tax: 7.10 (PY: 408.97)
  • EPS: 0.09 (PY: 6.28)

Auditor Qualifications

Statutory auditors (M/s Arora Gupta & Co.) issued qualified opinion citing:

1. IPO fund utilization issues: ₹830.99 lakhs allocated for plant/machinery, with ₹306 lakhs advanced. ₹140 lakhs advanced to supplier and simultaneously received from Golden Pearl Oil Products LLP.

2. Non-recognition of employee benefits: Gratuity and leave encashment not provided as per AS-15.

3. MSME interest liability: Interest payable under MSMED Act, 2006 not provided.

4. Unpaid income tax: ₹225.81 lakhs (₹67.75 lakhs for FY23-24 and ₹158.06 lakhs for FY24-25) outstanding for over 6 months (paid subsequent to audit).

Capital Structure

  • Authorized share capital: ₹10 crore (1 crore equity shares of ₹10 each)
  • Paid-up share capital: ₹8.95 crore (89,51,970 equity shares of ₹10 each)
  • IPO details: Issued 26,20,800 equity shares at ₹72 per share (₹10 face value + ₹62 premium) on 29-Sep-2025

IPO Fund Utilization (as of 31-Mar-2026)

| Purpose | Amount Allocated (₹ lakhs) | Amount Utilized (₹ lakhs) | Unutilized (₹ lakhs) |

| Plant & Machinery | 830.99 | 306.00 | 524.99 |

| Repayment of borrowings | 590.00 | 590.00 | 0 |

| General corporate purpose | 278.99 | 278.99 | 0 |

| Issue expenses | 187.00 | 128.62 | 58.38 |

| Total | 1,886.98 | 1,303.61 | 583.37 |

Related Party Transactions (FY25-26)

Significant transactions included:

  • RP Sales: ₹2,013.67 lakhs (sales)
  • Natura Garden Products: ₹1,726.90 lakhs (purchases)
  • Golden Pearl Oil Products LLP: ₹42.72 lakhs (sales) and ₹39.52 lakhs (purchases)
  • Shree Oils And Fats (I) Private Limited: ₹23.12 lakhs (sales) and ₹41.69 lakhs (purchases)

Corporate Governance

Board composition:

  • Mr. Ashish Goel (Chairman, Managing Director)
  • Mr. Vishal Goel (Whole Time Director)
  • Mr. Rohit Gupta (Whole Time Director)
  • Mrs. Rashika Gupta (Non-Executive Director)
  • Mr. Rishikesh Kumar Verma (Independent Director)
  • Ms. Rojina Thapa (Independent Director)

Committee details provided for Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee.

Subsidiary Information

Shree Oils And Fats (I) Private Limited (99.97% subsidiary)

  • Profit after tax: (6.15) lakhs (PY: 140.08 lakhs)

Golden Pearl Oil Products LLP (99.70% subsidiary)

  • Profit after tax: 0.48 lakhs (PY: 10.36 lakhs)

Other Disclosures

  • No dividend declared for FY25-26
  • Unsecured loan of ₹35 lakhs from Golden Pearl Oil Products LLP outstanding
  • MSME Form I not filed for half-year ended September 2025
  • Company engaged in manufacturing of solvent-extracted rice bran oil and related products
  • Manufacturing facility at Kemri Road, Rampur, Bilaspur, Uttar Pradesh with 200 TPD capacity