Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Nahar Capital and Financial Services Limited
Meeting Details
The 21st Annual General Meeting was held on Friday, September 25, 2026, from 12:30 PM to 1:20 PM through Video Conferencing or Other Audio Visual Means. The record date for determining shareholder eligibility was September 18, 2026, with 12,253 shareholders on record.
Proposed Resolutions and Implications
Eight resolutions were proposed and approved:
1. Ordinary Resolution: Adoption of Standalone and Consolidated Financial Statements for FY ended March 31, 2026
2. Ordinary Resolution: Declaration of Dividend of ₹1.50 per equity share of ₹5 each for FY 2025-26
3. Ordinary Resolution: Appointment of Mr. Jawahar Lal Oswal (DIN: 00463866) as Non-Executive Director
4. Ordinary Resolution: Appointment of Mr. Kamal Oswal (DIN: 00493213) as Non-Executive Director
5. Special Resolution: Re-Appointment of Mr. Dinesh Oswal (DIN: 00607290) as Managing Director for five years effective January 1, 2027
6. Special Resolution: Continuation of Directorship of Mr. Satish Kumar Sharma (DIN: 00402712) upon attaining age 75
7. Special Resolution: Re-Appointment of Dr. Yash Paul Sachdeva (DIN: 02012337) as Independent Director for second term of five years effective August 24, 2027
8. Special Resolution: Re-Appointment of Dr. Rajan Dhir (DIN: 09632451) as Independent Director for second term of five years effective August 24, 2027
Voting Process and Methods
Voting was conducted through remote e-voting via Central Depository Services (India) Limited (CDSL) platform www.evotingindia.com from September 22, 2026 (9:00 AM) to September 24, 2026 (5:00 PM), with e-voting also available during the AGM. No physical polling or postal ballot was used.
Key Voting Outcomes
Overall Participation:
- Total shares outstanding: 16,746,167
- Total votes cast across all resolutions: Approximately 12.4-12.5 million shares (74-74.37% participation)
- Promoter & Promoter Group: 12,146,100 shares (99.99% participation rate)
- Public Institutions: 53,796 shares (84.46-95.54% participation rate)
- Public Non-Institutions: 4,546,271 shares (5.68% participation rate)
Resolution-wise Results:
1. Financial Statements Adoption: 12,448,563 votes (74.34% participation), 12,448,533 for (99.9998%), 30 against (0.0002%)
2. Dividend Declaration: 12,454,520 votes (74.37% participation), 12,454,500 for (99.9998%), 20 against (0.0002%)
3. Jawahar Lal Oswal Appointment: 11,076,335 votes (66.14% participation), 11,024,911 for (99.54%), 51,424 against (0.46%)
4. Kamal Oswal Appointment: 12,454,261 votes (74.37% participation), 12,402,837 for (99.59%), 51,424 against (0.41%)
5. Dinesh Oswal Re-Appointment: 12,373,529 votes (73.89% participation), 12,322,105 for (99.58%), 51,424 against (0.42%)
6. Satish Kumar Sharma Continuation: 12,454,520 votes (74.37% participation), 12,409,920 for (99.64%), 44,600 against (0.36%)
7. Yash Paul Sachdeva Re-Appointment: 12,454,520 votes (74.37% participation), 12,409,920 for (99.64%), 44,600 against (0.36%)
8. Rajan Dhir Re-Appointment: 12,454,520 votes (74.37% participation), 12,454,490 for (99.9998%), 30 against (0.0002%)
Invalid Votes:
- Resolution 1: 5,957 invalid votes from Public Institutions
- Resolution 4: 259 invalid votes from Promoter and Promoter Group
- Resolution 5: 80,991 shares excluded as related party votes
- Resolution 3: 1,378,185 shares excluded as related party votes
Scrutinizer's Role and Findings
Mr. P.S. Bathla, Company Secretary (Membership No. 4391) of P.S. Bathla & Associates, was appointed scrutinizer by the Board on August 5, 2026. His responsibilities included ensuring fair and transparent remote e-voting and e-voting during the AGM. Votes were unblocked on September 25, 2026, at 1:20 PM in the presence of witnesses Mr. Gurmail Singh and Ms. Rekha Rani. The scrutinizer confirmed compliance with Companies Act 2013 rules and verified that all resolutions passed with requisite majority.
Compliance Confirmation
The company confirmed compliance with applicable laws including Companies Act 2013 and SEBI LODR Regulations 2015. The voting results and scrutinizer's report were placed on the company website (www.owmnahar.com) and CDSL website (www.evotingindia.com).