Tejassvi Aaharam Ltd

EGM resolutions

• Five special resolutions proposed at the EGM.
• Change company name to WEAGRO LIMITED with MOA/AOA alterations.
• Alter Object Clause of MOA as specified.
• Borrowing powers under Section 180(1)(c) of the Companies Act.
• Approvals under Sections 185 and 186 of the Companies Act.
• Remote e-voting held Oct 12–14; results to be declared within two days.
• EGM concluded at 2:57 PM IST.

Tejassvi Aaharam Limited — Trading window closed from 01 October 2026 till 48 hours after the Board meeting to consider unaudited financial results for quarter and half year ending 30 September 2026 (Board meeting date to be intimated).

Name Change

• Special resolution to change name from TEJASSVI AAHARAM LIMITED to WEAGRO LIMITED and amend MOA/AA.

Alter Object Clause

• Alter Main Object Clause III(A) to include agriculture processing and allied activities.

Borrowing Powers

• Special resolution to borrow up to Rs 300 crore from banks or others.

Section 185 Approvals

• Approve loans/guarantees/security to related entities up to Rs 300 crore.

Section 186 Approvals

• Authorize loans, guarantees, or investments up to Rs 300 crore within caps.

Shareholding/Control Impact

• Name change and object expansion not expected to affect promoter shareholding.

Resignation

• Abhishek Lohia resigns as Company Secretary and Compliance Officer, effective 20 September 2026.

New appointment

• Adhitiyan Nagarajan appointed CS & Compliance Officer effective 21 September 2026 on N & R Committee recommendation.
• Profile: ACS with 14+ years in governance and finance operations.

Book closure details

• Book closure: 24 September 2026 to 30 September 2026 (inclusive) for the 32nd AGM.
• Security: Equity shares of BSE code 531628.
• Purpose: 32nd Annual General Meeting for FY ended 31 March 2026.

Financial performance

• Revenue from operations: 8,208.03 Lakhs for FY2025-26.
• Net loss after tax: (100.40) Lakhs; EPS: (1.43) Rs.
• Total assets: 1,839.43 Lakhs; total liabilities: 2,540.39 Lakhs.

Capital structure & liquidity

• Authorized share capital increased to Rs 75 Crore.
• Postal ballot approved 26 Mar 2026.
• Share allotment: 5,11,62,204 equity shares via swap.

Business developments & strategy

• Trading activities expanded markets; turnover rose significantly.
• Management transition; future growth depends on new plan.
• New MD and several directors appointed on 07 Sep 2026.

Governance & board

• Board meetings held: five times in FY2025-26.
• Independent directors declared independence; woman director on board.
• Secretarial auditor: report by M/s Chitra Lalitha & Associates; unqualified.

Audit, risk & controls

• Auditors report: no fraud; tax dispute 32.83 Lakh AY 2011-12.
• Emphasis: wind-down of trading; going concern not modified.
• Internal controls: adequate; POSH compliance; related party transactions not material.

Shareholding & dematerialisation

• Dematerialised shares: 95.92%; physical 4.08%.
• Top holder: Henry Amirtharaj 37.94%.
• Second holder: Govindarjulu Bakthavatsulu 32.18%.

Outlook & regulatory environment

• Going concern risk acknowledged; turnover growth suggests improvement.
• SEBI LODR penalties for reporting delays.
• Dividend: no dividend declared in FY2025-26.

New director and KMP appointments

• Appointment: Natarajan Prasanna as MD (Executive); 07 Sep 2026 for 3 years.
• Profile: Entrepreneur; founder of Funk Foods; investor.
• Relationship: Not related to any director.
• Appointment: Shreyas Raghav as Additional Director (Executive); 07 Sep 2026 for 3 years.
• Profile: Co-founder/COO of Funk Foods; MBA; banking/risk/ops experience.
• Appointment: Ramya as Additional Director (Non-Executive, Non-Independent); 07 Sep 2026 for 3 years.
• Profile: CA with 26+ years in corporate advisory.
• Appointment: Subramanian Neelakantan as Independent Non-Executive; 07 Sep 2026 for 3 years.
• Profile: Senior Partner at CNGSN & Associates; 30+ years.
• Appointment: Vijayalakshmi Rajesh as Independent Non-Executive; 07 Sep 2026 for 3 years.
• Profile: Social development professional; CSR/ESG leader; ZRII Trust Managing Trustee.
• Appointment: Aruna Subramaniam as Independent Non-Executive; 07 Sep 2026 for 3 years.
• Profile: 30+ years in private sector consulting; CEO of Bhoomika Trust.

Resignations, retirements and CFO change

• Resignation: Chinnathambi Vinothkumar as Independent Director; 20 Sep 2026.
• Reason: Personal commitments; pre-occupation.
• Resignation: Thangavelu Dhana Lakshmi as Independent Director; 20 Sep 2026.
• Resignation: Sethuraman Dhilipkumar as Non-Executive Non-Independent Director; 20 Sep 2026.
• Retirement by rotation: Sridharan Santhoshkumar; to retire at ensuing AGM; not willing to be re-appointed.
• Approval: subject to shareholders at AGM.
• Resignation: Parameswar Ramesh, CFO; 15 Sep 2026.
• Reason: Personal reasons; pre-occupation.

Financial results

• Board approved unaudited standalone results for quarter ended 30 June 2026, with Limited Review Report.
• Company operates in a single segment; results are standalone.

Governance – director appointment

• Re-appointment of Mrs. Thangavelu Dhana Lakshmi as Independent Director for one year from 24 Aug 2026.
• Subject to shareholders’ approval.

Capital actions and acquisitions

• On 20 July 2026, 4,21,97,154 preferential shares allotted; post-allotment holding 72.55%.
• On 20 July 2026, 5,11,62,204 equity shares allotted to FFPL shareholders for swap; 100% FFPL acquisition.
• Non-adjusting post-period events under Ind AS 10.
• Shareholders approved via postal ballot and BSE in-principle.

Auditor remarks

• Emphasis of matter: wind-down of trading activities; future course depends on new management.
• Auditors' review report issued an unmodified opinion.