Riddhi Siddhi Gluco Biols Ltd (524480) — FY26 Annual Report | 2 September 2026

Riddhi Siddhi Gluco Biols Limited (524480) filed its 35th Annual Report for FY 2025-26 on 2026-09-02, disclosing the completion of its acquisition of Cargill India's Davangere corn wet-milling plant on April 27, 2026, and a strategic shift toward starches, sweeteners, and value-added maize derivatives. The report highlights a proposed Rs. 200 crore unsecured loan from related party Bluecraft Agro Private Limited to meet working capital needs, requiring shareholder approval at the AGM on September 25, 2026. Financials show revenue growth to Rs. 30,264.42 lakhs but a sharp net profit decline to Rs. 5,630.56 lakhs due to reduced other income and higher interest expenses. The Board recommends a dividend of Rs. 3 per share (30% payout), subject to AGM approval. The filing also details governance practices, including auditor re-appointment, new independent director appointments, and compliance with SEBI LODR norms, while noting a contingent tax liability of Rs. 308 lakhs under appeal and regulatory restrictions on market access following SAT and Supreme Court orders.