Meeting Details

  • Date: Tuesday, 22nd September, 2026
  • Time: 2:30 PM to 3:57 PM
  • Type: Annual General Meeting
  • Mode: Video Conferencing (VC) or Other Audio Visual Means (OAVM)
  • Location: Deemed to be conducted at Registered Office - Scope Complex, Core-III, 7, Institutional Area, Lodhi Road, New Delhi - 110003

Proposed Resolutions and Implications

The AGM considered 14 resolutions covering:

1. Adoption of audited financial statements for FY ended March 31, 2026

2. Declaration of final dividend of ₹1.04 per equity share

3. Re-appointment of Dr. U. Saravanan (DIN: 07274628) as director

4. Re-appointment of Shri Mahesh Chander Gupta (DIN: 10996394) as director

5. Authorization to fix statutory auditors' remuneration under Section 142(1) of Companies Act, 2013

6. Ratification of cost auditors' remuneration for FY 2026-27

7. Appointment of Shri Kuntal Sensarma (DIN: 07626530) as Government Nominee Director

8. Appointment of Shri Anurag Rohatgi (DIN: 09774170) as Government Nominee Director

9. Appointment of Shri Megh Nath Goyal (DIN: 11368108) as Director (Technical)

10. Appointment of Shri Arvind Kumar (DIN: 11709375) as Director (Finance)

11. Appointment of Shri Mahak Singh (DIN: 11758224) as Non-Official Independent Director (Special Resolution)

12. Adoption of new Articles of Association (Special Resolution)

13. Increase in borrowing limits (Special Resolution)

14. Creation of charges/mortgages under Section 180(1)(a) of Companies Act, 2013 (Special Resolution)

Voting Process and Methods

  • Remote e-voting period: September 17, 2026 (9:00 AM) to September 21, 2026 (5:00 PM) through NSDL
  • E-voting at AGM: Conducted during the meeting for members who hadn't voted remotely
  • Scrutinizer: Shri Pramod Kothari of M/s. Pramod Kothari & Co. (Membership No. F7091), appointed on August 12, 2026
  • Record date: September 15, 2026
  • Total shareholders on record date: 289,487

Key Voting Outcomes

Overall Participation

  • Total shares outstanding: 490,578,400
  • Total votes polled: 385,862,765 (78.65% participation)
  • Remote e-voting voters: 512 members
  • E-voting at AGM voters: 1 member
  • Meeting attendance: 1 promoter and 87 public shareholders via VC/OAVM

Resolution-wise Results

| Resolution | Type | Votes in Favour | % in Favour | Votes Against | % Against | Result |

| 1 | Ordinary | 385,498,827 | 99.91% | 329,676 | 0.09% | Passed |

| 2 | Ordinary | 385,534,923 | 99.92% | 327,842 | 0.08% | Passed |

| 3 | Ordinary | 385,075,666 | 99.80% | 787,099 | 0.20% | Passed |

| 4 | Ordinary | 383,921,863 | 99.50% | 1,940,902 | 0.50% | Passed |

| 5 | Ordinary | 385,852,317 | 100.00% | 10,448 | 0.00% | Passed |

| 6 | Ordinary | 385,855,277 | 100.00% | 7,488 | 0.00% | Passed |

| 7 | Ordinary | 383,926,749 | 99.50% | 1,936,016 | 0.50% | Passed |

| 8 | Ordinary | 383,926,689 | 99.50% | 1,936,079 | 0.50% | Passed |

| 9 | Ordinary | 383,928,101 | 99.50% | 1,934,664 | 0.50% | Passed |

| 10 | Ordinary | 383,925,690 | 99.50% | 1,937,075 | 0.50% | Passed |

| 11 | Special | 383,926,284 | 99.50% | 1,936,481 | 0.50% | Passed |

| 12 | Special | 383,927,984 | 99.50% | 1,934,781 | 0.50% | Passed |

| 13 | Special | 384,251,471 | 99.58% | 1,611,294 | 0.42% | Passed |

| 14 | Special | 384,252,383 | 99.58% | 1,610,382 | 0.42% | Passed |

Category-wise Voting Breakdown

Promoter & Promoter Group (366,529,532 shares):

  • 100% participation across all resolutions
  • 100% votes in favour for all resolutions

Public Institutions (26,179,660 shares):

  • Average participation: 73.30%
  • High approval rates (89.96%-100% across resolutions)

Public Non-Institutions (97,869,208 shares):

  • Very low participation: 0.15%
  • Varied approval rates (90.23%-100% across resolutions)

Scrutinizer's Role and Findings

Shri Pramod Kothari was appointed scrutinizer to conduct remote e-voting and e-voting at AGM. His responsibilities included:

  • Ensuring fair conduct of voting process
  • Scrutinizing votes cast in favour or against resolutions
  • Submitting consolidated report with voting results

The scrutinizer certified that all electronic data and records relating to e-voting were under his safe custody and would be handed over to the Company Secretary for preservation after minutes approval.

Compliance Confirmation

The document confirms compliance with:

  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Companies Act, 2013 and Companies (Management and Administration) Rules, 2014
  • MCA Circulars regarding virtual AGMs (General Circular Nos. 14/2020, 17/2020, 20/2020, 02/2021, 21/2021, 02/2022, 10/2022, 09/2023, 09/2024, 03/2025)
  • Notice of AGM sent to shareholders via email and physical letters where email unavailable

Additional Information

  • Company CIN: L74899DL1974GOI007417
  • BSE Scrip Code: 523630
  • NSE Symbol: NFL
  • The AGM was conducted pursuant to MCA circulars allowing virtual meetings without physical attendance
  • Proxy appointments were dispensed with for this virtual meeting
  • Quorum was reckoned based on members attending through VC/OAVM under Section 103 of Companies Act, 2013