Company Overview

AGM Details

The 3rd Annual General Meeting will be held on Friday, 25th September 2026 at 3:00 PM IST through Video Conferencing/Other Audio-Visual Means. The meeting will consider two ordinary business items:

1. Adoption of Standalone Audited Financial Statements for FY 2025-26

2. Re-appointment of Mr. Niraj Gemawat (DIN: 00030749) who retires by rotation

Financial Performance Highlights (FY 2025-26 vs FY 2024-25)

  • Revenue from Operations: ₹33,175 thousand (vs ₹33,437 thousand previous year)
  • Other Income: ₹2,633 thousand (vs ₹2,473 thousand)
  • Total Income: ₹35,808 thousand (vs ₹35,911 thousand)
  • Profit Before Tax: ₹20,841 thousand (vs ₹18,284 thousand)
  • Profit After Tax: ₹20,156 thousand (vs ₹17,382 thousand)
  • Earnings Per Share (Basic & Diluted): ₹7.79 (vs ₹6.72)
  • Cash and Cash Equivalents: ₹39,450 thousand (vs ₹49,269 thousand)

Capital Structure

  • Authorized Share Capital: ₹50,000 thousand (50,00,000 equity shares of ₹10 each)
  • Issued, Subscribed and Paid-up Capital: ₹25,876 thousand (25,87,600 equity shares of ₹10 each)
  • Promoter Holding: 71.74% (Niraj Gemawat - 54.70%, Rachana Gemawat - 17.04%)

IPO Fund Utilization

The company raised ₹63.95 million through IPO in May 2024. As of 31st March 2026, ₹31.85 million has been utilized for:

  • Purchase of agricultural equipment & irrigation systems
  • Working capital requirements
  • General corporate purposes

Business Operations

TGIF Agribusiness Limited is a horticulture-focused company engaged in cultivation, harvesting, processing and marketing of fruits and vegetables. Key operational details:

  • Farm Land: 110 acres spread across three villages (Ajari, Kasindra, Kojra) in Pindwara tehsil, Sirohi district, Rajasthan
  • Principal Crops: Pomegranates (95%+ revenue contribution), dragon fruit, Malta oranges, and Sangwan (Teak) trees
  • Business Model: Supplies fresh produce to wholesalers, retailers, organized retail chains, and agricultural markets (mandis)
  • Farming Practices: Sustainable farming, drip irrigation systems, fruit thinning techniques, quality control measures

Key Management Personnel

  • Managing Director: Rachana Niraj Gemawat
  • Non-Executive Director: Niraj Chhaganraj Gemawat
  • Chief Financial Officer: Amrish Vashishtha
  • Company Secretary & Compliance Officer: Sapan Smitesh Dalal

Corporate Governance

Board comprises 6 directors with 3 independent directors. Key committees:

  • Audit Committee: Ms. Geetika Bhushan Saluja (Chairperson), Mr. Hursh Pareshkumar Jani, Mr. Niraj Chhaganraj Gemawat
  • Stakeholder Relationship Committee: Mr. Niraj Chhaganraj Gemawat (Chairperson), Mr. Indrajeet Anath Mitra, Mr. Vishal Rameshbhai Shah
  • Nomination & Remuneration Committee: Ms. Geetika Bhushan Saluja (Chairperson), Mr. Hursh Pareshkumar Jani, Mr. Niraj Chhaganraj Gemawat

Related Party Transactions

Arm's length transactions with related parties totaling ₹1,012 thousand for lease rentals of office and agricultural land.

Dividend and Reserves

No dividend declared for FY 2025-26. Total reserves and surplus stood at ₹101,334 thousand as of 31st March 2026.

Forward-Looking Statements

The report contains cautionary statements about forward-looking information involving risks and uncertainties related to economic conditions, business risks, competition, and operational challenges.

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