Nahar Industrial 42nd AGM Approves All Eight Resolutions

Meeting Details

The 42nd Annual General Meeting of Nahar Industrial Enterprises Limited was held on Tuesday, September 29, 2026, through Video Conferencing (VC)/Other Audio Visual Means (OAVM). The meeting commenced at 11:45 AM and concluded at 12:10 PM.

Proposed Resolutions and Implications

The shareholders transacted business on eight resolutions as set out in the AGM notice:

1. Ordinary Resolution: To receive, consider and adopt (a) the Audited Standalone Financial Statements for FY ended March 31, 2026, and Reports of Directors and Auditors; (b) the Audited Consolidated Financial Statements for FY ended March 31, 2026, and Reports of Auditors

2. Ordinary Resolution: To appoint Director in place of Sh. Dinesh Gogna (DIN: 00498670) who retires by rotation

3. Ordinary Resolution: To appoint Director in place of Sh. Navdeep Sharma (DIN: 00454285) who retires by rotation

4. Ordinary Resolution: To approve remuneration of M/s Khushwinder Kumar & Associates (Firm Registration No. 000102) as Cost Auditor for FY 2026-27

5. Special Resolution: To approve payment of minimum remuneration to Mr. Kamal Oswal (DIN: 00493213), Managing Director in case of no profits or inadequacy of profits

6. Special Resolution: To seek approval for sale of obsolete machineries and development of land of Arham Spinning Mills, a unit of the Company

7. Special Resolution: To approve advancing/granting any loan or give guarantee or provide security to all such persons under Section 185 of Companies Act, 2013

8. Special Resolution: To approve amendment in object clause of Memorandum of Association of the Company

Voting Process and Methods

The remote e-voting process commenced on September 26, 2026, at 09:00 AM and ended on September 28, 2026, at 05:00 PM through CDSL's platform (www.evotingindia.com). Additionally, e-voting was conducted during the AGM. The votes were unblocked on September 29, 2026, at 12:40 PM in the presence of two witnesses: Mr. Gurmail Singh and Ms. Rekha Rani.

Key Voting Outcomes

Overall Participation

Total number of shareholders on cut-off date: Not clearly specified in data
Shareholders present in meeting: Promoter and Promoter Group - Nil; Public - Not specified
Shareholders attended through VC/OAVM: Promoter and Promoter Group - 19; Public - 28
Total votes cast across all resolutions: Approximately 30.9 million shares (71.54% of outstanding shares)

Resolution-wise Results:

Resolution 1 (Ordinary - Financial Statements Adoption)

Voted in favor: 61 members, 30,907,780 votes (100.00%)
Voted against: 14 members, 113 votes (0.00%)
Invalid votes: 1 member did not vote (25 shares)

Resolution 2 (Ordinary - Director Dinesh Gogna Reappointment)

Voted in favor: 58 members, 30,906,620 votes (100.00%)
Voted against: 16 members, 1,248 votes (0.00%)
Invalid votes: 1 member did not vote (25 shares)

Resolution 3 (Ordinary - Director Navdeep Sharma Reappointment)

Voted in favor: Data not fully clear but appears similar to Resolution 2
Voted against: 16 members, 1,248 votes (0.00%)
Invalid votes: 1 member did not vote (25 shares)

Resolution 4 (Ordinary - Cost Auditor Remuneration)

Voted in favor: 60 members, 30,907,755 votes (100.00%)
Voted against: 14 members, 113 votes (0.00%)
Invalid votes: 1 member did not vote (25 shares)

Resolution 5 (Special - Minimum MD Remuneration)

Voted in favor: 57 members, 30,905,326 votes (99.9960%)
Voted against: 16 members, 1,248 votes (0.0040%)
Invalid votes: 1 member did not vote (25 shares); 1 related party vote excluded (1,294 shares of Mr. Kamal Oswal)

Resolution 6 (Special - Sale of Obsolete Machinery)

Voted in favor: 58 members, 30,906,620 votes (100.00%)
Voted against: 16 members, 1,248 votes (0.00%)
Invalid votes: 1 member did not vote (25 shares)

Resolution 7 (Special - Loans/Guarantees under Section 185)

Voted in favor: Data not fully clear but majority supported
Voted against: 18 members, 1,595 votes (0.01%)
Invalid votes: 1 member did not vote (25 shares)

Resolution 8 (Special - Memorandum Amendment)

Voted in favor: 58 members, 30,906,620 votes (100.00%)
Voted against: 16 members, 1,248 votes (0.00%)
Invalid votes: 1 member did not vote (25 shares)

Category-wise Voting Breakdown:

The detailed tables show voting by shareholder category:

Promoter and Promoter Group: Held 30,781,065 shares, voted 30,780,565 shares (99.9984% participation)
Public Institutions: Held 109,014 shares, voted 1,088 shares (0.9980% participation)
Public Non-Institutions: Held 12,315,502 shares, voted 126,240 shares (1.0250% participation)

Promoters voted unanimously in favor of all resolutions. Public Institutions voted against director reappointments but in favor of other resolutions. Public Non-Institutions showed minor opposition on some resolutions.

Scrutinizer's Role and Findings

P. S. Bathla, Company Secretary in practice (FCS No. 4391, C.P No. 2585), was appointed as Scrutinizer by the Board of Directors to scrutinize the remote e-voting process and e-voting at the AGM. The scrutinizer confirmed that the voting process was conducted in a fair and transparent manner and that all resolutions were carried with the requisite majority. The electronic data and relevant records were handed over to the Company Secretary/Director authorized by the Board for safe keeping.

Compliance Confirmation

The scrutinizer confirmed compliance with the provisions of the Companies Act, 2013 and the Rules made thereunder relating to the remote e-voting process and e-voting at the AGM. The report confirms that all resolutions passed with required majorities - ordinary resolutions with simple majority and special resolutions with the required ¾ majority.

Additional Information

NSE Symbol: NAHARINDUS
Company Registered Office: Focal Point, Ludhiana - 141010, India
Scrutinizer appointed at Board Meeting dated: May 30, 2025