N K Industries Limited held its 38th Annual General Meeting (AGM) on Wednesday, 23rd September, 2026 at 11:30 A.M. through video conferencing/other audio visual means (VC/OAVM). The meeting was conducted in accordance with Circulars issued by the Ministry of Corporate Affairs and SEBI, and applicable provisions of the Companies Act, 2013 read with rules framed thereunder and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Meeting Attendance and Quorum
- Total shareholders as on record date (16th September, 2026): 5,341
- Total members attended the AGM: 37
- Promoter and Promoter Group attendees: 10
- Public shareholders attendees: 27
- All attendees participated through VC/OAVM facility
Directors and Key Personnel Present
- Mr. Nimish Patel - Chairman and Managing Director
- Mr. Hasmukhbhai Kacharabhai Patel - Whole Time Director
- Mr. Snehal Bharatbhai Patel - Independent Director, Chairman of Audit Committee, Nomination and Remuneration Committee, and Stakeholder's Relationship Committee
- Mr. Priyam Patel - Chief Executive Officer
- Mr. Ashwinbhai Patel - Chief Financial Officer
- Ms. Ashna Harishkumar Pahwa - Company Secretary and Compliance Officer (also in attendance)
Special Invitees
- Ms. Kinjal Pandit from M/s Pankaj R Shah, Chartered Accountants (Statutory Auditor)
- Mr. Chirag Shah, Partner, Chirag Shah and Associates (Secretarial Auditor and Scrutinizer of 38th AGM)
Agenda Items and Resolutions
The following business items were transacted at the meeting:
1. Adoption of Financial Statements - Ordinary Resolution to consider and adopt the Standalone and Consolidated audited financial statements of the Company for the financial year ended March 31, 2026 and the reports of the Board of Directors and Auditors thereon
2. Re-appointment of Director - Ordinary Resolution for re-appointment of Mr. Hasmukhbhai Kacharabhai Patel (DIN: 06587284) as a Whole Time Director of the Company who retires by rotation
3. Related Party Transactions - Ordinary Resolution for approval of entering into Related Party Transactions by the Company under Section 188 of the Companies Act, 2013
4. Remuneration Approval - Special Resolution to approve the remuneration payable to Mr. Nimish Keshavlal Patel (DIN: 00240621), Chairman and Managing Director of the Company, for the remaining period of his current term of appointment
Voting Process
The Company provided facility for electronic voting (Remote E-voting) on all resolutions. The e-voting period was open from 20th September, 2026 to 22nd September, 2026. Members present at the AGM who had not cast their votes electronically were given 15 minutes after the conclusion of the meeting to cast votes through the e-voting facility provided through NDSL.
M/s Chirag Shah & Associates, Practicing Company Secretaries, Ahmedabad were appointed as Scrutinizer to supervise the E-voting and ballot voting process.
Remuneration Details for Mr. Nimish Patel
The Members approved the remuneration payable to Mr. Nimish Keshavlal Patel, Chairman and Managing Director, for the remaining period of his current term from April 01, 2026 to March 31, 2028. Mr. Patel was re-appointed as Chairman and Managing Director for a term of five years commencing from April 01, 2023 to March 31, 2028.
The approval was given in accordance with applicable provisions of the Companies Act, 2013, Schedule V thereto, and Regulation 17(6)(e) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Meeting Proceedings
No queries were raised or received from shareholders on the agenda items. The meeting commenced at 11:30 A.M. and concluded at 11:41 A.M. with a vote of thanks by Ms. Ashna Harishkumar Pahwa, Company Secretary.