The record
Written from the 1 report below. Nothing here is unsourced.
- The Totgars' Cooperative Sale Society (TSS) in Sirsi recorded a profit of 23.68 crore rupees for the 2025-26 fiscal year, President Gopalakrishna Vaidya announced at a press conference.
- TSS handles 48.2 percent of the total arecanut trade at the Sirsi market, and its total turnover reached 1,602 crore rupees, with working capital rising from 749 crore to 816 crore rupees.
- A re-audit of accounts from 2018 to 2023 revealed that TSS had suffered losses of 123 crore rupees, largely due to three major defaulters against whom legal action has been initiated.
- The society has returned 9 crore rupees of its profit to members through incentives and rebates, while its debt fell from 254 crore to 197 crore rupees.
- The profit matters because TSS is a major cooperative for arecanut growers, and recovery from large past losses signals improved financial health for member farmers.
What to watch next
- Outcome of the legal action against the three large defaulters blamed for the 123 crore rupee losses
- Whether K D C C Bank grants loans to TSS in the coming year after this year's rejection
- Resolution of the public dispute between TSS and K D C C Bank chief Shivaram Hebbar over conflicting statements about the loan refusal
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Named India · Totgars Cooperative Sale Society · Gopalakrishna Vaidya · KDCC Bank · Shivaram Hebbar
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