Meeting Details

The 32nd Annual General Meeting of Nandan Denim Limited was held on Thursday, September 24, 2026 at 03:00 P.M. through Video Conferencing/Other Audio Visual Means without physical presence of members. The meeting notice was dated August 12, 2026 and the record date for determining voting eligibility was Thursday, September 17, 2026. The meeting started at 03:00 PM and ended at 03:22 PM.

Proposed Resolutions and Implications

Ordinary Business:

1. To receive, consider and adopt the Audited Standalone Financial Statement of the Company for the Financial Year ended March 31, 2026 together with Report of the Board of Directors, Auditors thereon

2. To reappoint a Director in place of Mr. Jyotiprasad Chiripal (DIN: 00155695), who retires by rotation

Special Business:

3. To ratify the remuneration of Cost Auditors for the financial year ending March 31, 2027

4. To approve the material Related Party Transactions to be entered into by the Company with Chiripal Industries Limited, the Promoter Group of the Company

5. Re-appointment of Mr. Jyotiprasad Chiripal (DIN: 00155695) as Managing Director of the Company (Special Resolution)

Voting Process and Methods

The Company provided two methods of voting:

  • Remote e-voting facility prior to the AGM through CDSL
  • E-voting facility during the AGM for members who hadn't voted remotely

The remote e-voting period was open from Monday, September 21, 2026 (9:00 AM IST) to Wednesday, September 23, 2026 (5:00 PM IST). The voting portal was blocked at the end of the remote e-voting period and unblocked after the closure of the AGM on September 24, 2026 at 04:15 PM IST, witnessed by two independent witnesses.

Key Voting Outcomes

Overall Participation:

  • Total number of shareholders on record date: 186,301
  • Promoters and promoter group attendees through VC: 10
  • Public attendees through VC: 44

Resolution-wise Results:

Resolution 1: Adoption of Financial Statements (Ordinary Resolution)

  • Total votes cast: 726,444,286 shares (50.396% of outstanding shares)
  • Votes in favor: 726,432,963 shares (99.9984%)
  • Votes against: 11,323 shares (0.0016%)
  • Result: PASSED

Resolution 2: Reappointment of Director (Ordinary Resolution)

  • Total votes cast: 726,444,286 shares (50.396% of outstanding shares)
  • Votes in favor: 725,985,670 shares (99.9369%)
  • Votes against: 458,616 shares (0.0631%)
  • Result: PASSED

Resolution 3: Ratification of Cost Auditor Remuneration (Ordinary Resolution)

  • Total votes cast: 726,441,586 shares (50.3958% of outstanding shares)
  • Votes in favor: 726,416,706 shares (99.9966%)
  • Votes against: 24,880 shares (0.0034%)
  • Result: PASSED

Resolution 4: Related Party Transactions (Ordinary Resolution)

  • Total votes cast: 5,519,386 shares (0.3829% of outstanding shares)
  • Votes in favor: 4,906,976 shares (88.9044%)
  • Votes against: 612,410 shares (11.0956%)
  • Promoter group abstained from voting due to interest in the resolution
  • Result: PASSED

Resolution 5: Reappointment of Managing Director (Special Resolution)

  • Total votes cast: 726,444,286 shares (50.396% of outstanding shares)
  • Votes in favor: 725,984,872 shares (99.937%)
  • Votes against: 458,714 shares (0.063%)
  • Result: PASSED

Scrutinizer's Role and Findings

Mr. Jaykumar Deepakbhai Khatnani, Sole Proprietor of M/s. J. D. KHATNANI AND ASSOCIATES, Practicing Company Secretaries, was appointed as Scrutinizer on August 12, 2026. His responsibility was to ensure the voting process was conducted fairly and transparently, and to report on votes cast for and against each resolution based on reports generated from CDSL's e-voting system (www.evotingindia.com).

The scrutinizer confirmed that all electronic data and relevant records of voting will remain in his custody until the Chairman approves and signs the minutes of the 32nd AGM, after which they will be handed over to the Company Secretary for safekeeping.

Compliance with Laws and Regulations

The meeting was conducted in compliance with:

  • Section 108 of the Companies Act, 2013
  • Rule 20 of the Companies (Management and Administration) Rules, 2014
  • MCA General Circular No. 03/2025 dated September 22, 2025
  • SEBI Circular dated October 3, 2024 and related SEBI circulars
  • Regulation 44 of SEBI (LODR) Regulations, 2015