Submission of 44th Annual Report for F.Y.2025-26

TGV SRAAC LIMITED BOARD OF DIRECTORS COST AUDITOR CA Sri K. Karunakar Rao (DIN : 02031367) M/s. Aruna Prasad & Co., (Regn.No.100883) Executive Director (Fin. & Comml.,) & CEO Practicing Cost Accountant Chennai - 600 078, Tamilnadu. Sri C. Srinivasa Babu (DIN : 09266926) Executive Director (Technical) STATUTORY AUDITORS M/s. Brahmayya & Co., (Regn.No.000515 S) Sri E. Ramaiah (DIN : 11054179) Chartered Accountants Director (Mechanical), from 30.06.2025 Adoni - 518 301, Andhra Pradesh. Sri P. Raghavendra Reddy (DIN : 11054163) REGISTERED OFFICE & FACTORY Director (Q.A.), from 01.10.2025 Gondiparla, Kurnool - 518 004, Andhra Pradesh. CS Ms M. Sridevi (DIN : 02446610) Woman Independent Director CORPORATE OFFICE 40-304, 2nd Floor, Krishna Jyothsna Complex CA Ms S. Hima Bindu (DIN : 09520601) Bhagyanagar Independent Director Kurnool - 518 004, Andhra Pradesh. CS Ms Geeta Ramesh Serwani (DIN : 09130636) Independent Director REGISTRAR & SHARE TRANSFER AGENT Aarthi Consultants Private Limited Dr. Ms. M. Asha Reddy (DIN : 07328122) Regd. Office: 1-2-285, Domalguda Independent Director, from 08.08.2025 Hyderabad - 500 029, Telangana. Tel. No. 040-27638111 / 4445 CGM & COMPANY SECRETARY Fax No. 040-27632184 CS Sri V. Radhakrishna Murthy E-mail: info@aarthiconsultants.com aarthiconsultants@gmail.com SR. VICE PRESIDENT (F&A) & CFO CA Sri C. Rajesh Khanna CONTENTS 1. Notice of Annual General Meeting 2 BANKERS 2. Directors’ Report 29 Indian Bank (IB) Punjab National Bank (PNB) 3. Management’s Discussion and Analysis 63 IDBI Bank Limited (IDBI Bank) 4. Business Responsibility & Sustainability Report 80 The South Indian Bank Limited (SIB) 5. Independent Auditor’s Report 127 The Federal Bank Limited (FBL) 6. Balance Sheet 140 7. Statement of Profit and Loss Account 141 SECRETARIAL AUDITOR 8. Cash Flow Statement 142 Sri Mahadev Tirunagari (FCS : 6681) Company Secretary in Practice 9. Notes to Financial Statements 143 Hyderabad - 500 004, Telangana. 1 Annual Report 2025-26 TGV SRAAC LIMITED N O T I C E NOTICE is hereby given that the 44TH Annual General Meeting of the Members of TGV SRAAC LIMITED (CIN:L24110AP1981PLC003077) will be held through (Video Conference) VC / OAVM (Other Audio Visual Means) Mode on Saturday, the 26th September, 2026 at 11.00 A.M to transact the following business : ORDINARY BUSINESS : 1) To receive, consider and adopt the Balance Sheet as at March 31, 2026 and the Statement of Profit and Loss for the year ended and other annexures together with the Reports of Directors and the Auditors attached thereto. 2) To appoint a Director in place of Sri Ramaiah Elluru (DIN:11054163) who retires by rotation and being eligible offers himself for re-appointment. 3) To appoint a Director in place of Sri Raghavendra Reddy Patil (DIN:11054179) who retires by rotation and being eligible offers himself for re-appointment. 4) To declare final dividend on Equity Shares for the financial year ending March 31, 2026 and in this regard, to consider and if thought fit, to pass with or without modification(s), the following Resolution as an Ordinary Resolution. “RESOLVED THAT final dividend at the rate of Rs.1/- (Rupee One only) per Equity Share of Rs.10/- (Rupees Ten) each fully paid-up of the company, as recommended by the Board of Directors, be and is hereby declared for the financial year ending March 31, 2026 and the same be paid out of the profits of the company for the financial year ending March 31, 2026.” SPECIAL BUSINESS : 5) Proposal for alteration of Memorandum of Association – Object Clause. To consider and, if thought fit, to pass with or without modification(s), the following resolution as a Special Resolution. “RESOLVED THAT in accordance with the provisions of Section 13 of the companies Act, 2013, or any amendment thereto or modification thereof, Clause III of the Memorandum of Association of the Company be and is hereby altered by in replacement following Sub-Clause (A) 2 in place of existing sub-clause (A) 2 : Proposed Clause (A) 2 (to be inserted) : To take on lease or otherwise acquire any lands, estates of any description and any rights in, or connected with the land to develop the resources of the Company, in particular by clearing, draining, fencing, planting, cultivating, building, improving, farming, irrigating, grazing, and by promoting immigration and the establishment of villages and settlements etc. To insert Clause (A) 13 after the existing Clause (A) 12. To carry on business of contractors, Builders, Town planners, Infrastructure developers, Estate developers and Engineers land developers, Land Scapers, estate agents, immovable property dealers and to acquire, buy, purchase, sell, lease, exchange, hire or otherwise lands, buildings, civil 2 Annual Report 2025-26 TGV SRAAC LIMITED works immovable property of any tenure or any interest in the same and to erect and construct, houses, flats, bungalows, hospitals, or civil work of every type on the land of the Company or any other land or immovable property whether belonging to the Company or not and to pull down, rebuild, enlarge alter and other conveniences and to deal with and improve, property of the Company or any other Immovable property in India or abroad. 6) Proposal for increase in the Borrowing Powers of the Company. To consider and, if thought fit, to pass with or without modification(s), the following resolution as a Special Resolution. “RESOLVED THAT in supersession to the resolution passed at the 32nd Annual General Meeting of the Company held on 25.09.2014 and pursuant to Section 180 (1) (C) of the Companies Act, 2013, the Board of Directors be and are hereby authorized to borrow money from time to time for the purpose of the business of the Company on such terms and conditions as the Board of Directors consider fit, any sum or sums of money which together with the moneys already borrowed by the Company (apart from temporary loans obtained from the Company’s Bankers in the ordinary course of business) may exceed the aggregate of the paid-up capital of the Company and its free reserves (i.e. reserves not set apart for any specific purpose) provided that the total amount which may be so borrowed by the Board of Directors and outstanding at any one time shall not exceed Rs.1500 Crores (Fifteen Hundred Crores only).” 7) Reappointment of Sri Karunakar Rao Kamisetty as Executive Director (Fin. & Comml.,) for a period of 3 (three) years and fixation of Remuneration. To consider and, if thought fit, to pass with or without modification(s), the following resolution as a Special Resolution. “RESOLVED THAT pursuant to Section 196, 197 and 198 read with Schedule V and other applicable provisions, if any, of the Companies Act, 2013 and subject to required statutory approval viz., SEBI (LODR) 2015 as may be necessary, the Members of the Company hereby ratify the Board approval and recommendation for Reappointment of Sri Karunakar Rao Kamisetty (DIN:02031367) as Executive Director (Fin. & Comml.,) for a period of three years i.e., from 11-05-2027 to 10-05-2030 in its meeting held on 10-08-2026, upon the recommendation of Nomination and Remuneration Committee Meeting held on 06-08-2026 on the following remuneration. RESOLVED FURTHER THAT the members noted that Sri Karunakar Rao Kamisetty will be morethan 76 years of age, (DOB : 14-06-1950) on the date of reappointment and hence approval is accorded by way of Special Resolution to comply with statutory provisions of the Companies Act, 2013. RESOLVED FURTHER THAT Sri Karunakar Rao Kamisetty will be paid Rs.2,50,000/- per month as salary + allowances and perquisites of Rs.43,820/- per month to be divided into different components as per rules of the company. RESOLVED FURTHER THAT in the event of absence or inadequacy of Profits in any financial year the aforesaid remuneration shall be treated as minimum remuneration in pursuance to Schedule V of the Companies Act, 2013 and any amendment thereof from time to time. 3 Annual Report 2025-26 TGV SR [Showing first 8,000 characters — download PDF for full document]