Nikhil Adhesives 40th AGM Concludes September 22, 2026

Meeting Details

The 40th Annual General Meeting of Nikhil Adhesives Limited was held on Tuesday, September 22, 2026 through Video Conferencing/Other Audio Video Means without physical presence of members. The meeting commenced at 03:00 p.m. IST and concluded at 03:36 p.m. IST. The Registered Office of the Company was deemed as the venue. 50 members attended the meeting through VC/OAVM.

Attendance

Directors Present:

• Mr. Umesh Jayantilal Sanghavi (Executive Chairman & Managing Director)
• Mr. Rajendra Jayantilal Sanghavi (Whole time Executive Director)
• Mr. Tarak Jayantilal Sanghavi (Whole time Executive Director)
• Mr. Pravin Kanubhai Laheri (Non-Executive, Independent Director, Chairperson of Audit Committee and Corporate Social Responsibility Committee)
• Mrs. Gauri Surendra Trivedi (Non-Executive, Independent Director, Chairperson of Nomination & Remuneration Committee)
• Mr. V. Subramanian (Non-Executive, Independent Director, Chairperson of Risk Management Committee)
• Mr. Jagdish Mali (Executive Director)
• Mr. Sethunathan Charlayath Laxmanan (Non-Executive, Independent Director)
• Mr. Satish Rama Gaonkar (Executive Director)
• Mr. Madhu Thakorlal Ankleshwaria (Non-Executive, Independent Director, Chairperson of Stakeholders Relationship Committee)

Other Officials Present:

• Mrs. Anita Sanghavi (Chief Financial Officer)
• Mrs. Beena Khandelwal (Company Secretary & Compliance Officer)
• Mr. Pinang Shah representing M/s. PHD & Associates (Statutory Auditor)
• Ms. Poonam Somani, Proprietor of Somani and Associates (Scrutinizer)

Voting Arrangements

Members holding shares as of the cut-off date of September 15, 2026 were provided remote e-voting facility. The e-voting period commenced on September 19, 2026 at 09:00 a.m. IST and ended on September 21, 2026 at 5:00 p.m. IST. E-voting facility was also available during the AGM for members who had not cast their votes during the remote e-voting period.

Business Conducted

Ordinary Business:

1. Receipt, consideration, and adoption of Audited Financial Statements for the financial year ended March 31, 2026 together with reports of Board of Directors and Statutory Auditors

2. Appointment of director in place of Mr. Tarak Jayantilal Sanghavi (DIN: 00519403) who retires by rotation

3. Declaration of dividend of ₹0.22 per equity share of face value ₹1 each for FY 2025-26

Special Business:

4. Ratification of Remuneration of Cost Auditor M/s. B. F. Modi & Associates, Cost Accountants (Firm Registration No. 100604)

5. Appointment of M/s. Deepika Mishra & Associates, Practising Company Secretaries, Delhi as Secretarial Auditors of the Company

6. Re-appointment of Mr. Tarak Jayantilal Sanghavi (DIN: 00519403) as Whole Time Director for 3 years

7. Re-appointment of Mr. Rajendra Jayantilal Sanghavi (DIN: 00245637) as Whole Time Director for 3 years

8. Re-appointment of Mr. Umesh Jayantilal Sanghavi (DIN: 00491220) as Chairman and Managing Director for 3 years

9. Reappointment of Mrs. Gauri Surendra Trivedi (DIN: 06502788) as Independent Director for 2nd term of 5 years

10. Increase of powers of the board under Section 180(1)(a) of the Companies Act, 2013

11. Approval of remuneration payable to Dr. Satish Gaonkar, Executive Director (DIN: 11114859) exceeding limits prescribed under Section 197 of the Companies Act, 2013

Additional Proceedings

The meeting included a Questions and Answer session where Mr. Umesh Sanghavi, Chairman and Managing Director, answered questions raised by shareholders. Mrs. Poonam Somani was appointed as Scrutinizer to report on voting results. The consolidated Scrutinizer's Report was scheduled to be available within 2 working days and posted on BSE website, NSDL's E-voting website (www.evoting.nsdl.com), and Company's Website (www.nikhiladhesives.com).