Nirav Commercials Limited held its 41st Annual General Meeting (AGM) on 31st July, 2026 at 03:30 P.M. (IST) through video conferencing/other audio-visual means. Mr. Arun Dash of M/s. Arun Dash & Associates, Company Secretaries was appointed as Scrutinizer to scrutinize the remote e-voting process and e-voting at the AGM.

All resolutions set out in the notice of the AGM were duly approved by shareholders with requisite majority. The company submitted the voting results as required under Regulation 44 of Listing Regulations and the Report of the Scrutinizer dated 1st August, 2026, pursuant to Section 108 of the Companies Act, 2013 and Rule 20(4)(xii) of Companies (Management & Administration) Rules, 2014.

Voting Results Details

Resolution 1: Adoption of Audited Financial Statements

  • Resolution type: Ordinary
  • Promoter/promoter group interest: No
  • Total outstanding shares: 392,000
  • Total votes polled: 203,755 (51.9783% of outstanding shares)
  • Votes in favor: 203,660 (99.9534% of votes polled)
  • Votes against: 95 (0.0466% of votes polled)
  • Resolution passed: Yes

Breakdown by Shareholder Category - Resolution 1:

  • Promoter and Promoter Group: 203,635 shares held, 203,635 votes polled (100%), all in favor
  • Public Institutions: 0 shares held, 0 votes polled
  • Public Non-Institutions: 188,365 shares held, 120 votes polled (0.0637%), 25 in favor (20.8333%), 95 against (79.1667%)

Resolution 2: Re-appointment of Shri Raghav Daga (DIN: 00084553)

  • Resolution type: Ordinary
  • Director retiring by rotation
  • Total votes polled: 148,152 (37.7939% of outstanding shares)
  • Votes in favor: 148,057 (99.9359% of votes polled)
  • Votes against: 95 (0.0641% of votes polled)
  • Invalid/abstain votes: 55,603 (considered invalid due to interest in resolution)
  • Resolution passed: Yes

Breakdown by Shareholder Category - Resolution 2:

  • Promoter and Promoter Group: 203,635 shares held, 148,032 votes polled (72.6948%), all in favor
  • Public Institutions: 0 shares held, 0 votes polled
  • Public Non-Institutions: 188,365 shares held, 120 votes polled (0.0637%), 25 in favor (20.8333%), 95 against (79.1667%)

Scrutinizer's Report Details

The scrutinizer was appointed pursuant to Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014, as amended. The cut-off date for determining voting eligibility was Friday, July 24, 2026.

The remote e-voting period remained open from Monday, July 27, 2026 (10:00 a.m.) to Thursday, July 30, 2026 (5:00 p.m.). Votes cast during remote e-voting were unblocked on Friday, July 31, 2026 after the conclusion of the AGM, witnessed by Ms. Devika Kharde and Mr. Akshat Somani.

E-voting at the AGM was conducted through electronic voting system provided by Bigshare Services Private Limited (BIGSHARE). The electronic system was locked after the time fixed for closing of the e-voting by the Chairman.

Detailed Voting Count

Item No. 1 - Adoption of Financial Statements:

  • Voted in favor: 25 members, 203,660 votes (99.9533% of valid votes)
  • Voted against: 95 votes (0.0467% of valid votes)
  • Invalid/Abstain votes: NIL members, NIL votes

Item No. 2 - Re-appointment of Director:

  • Voted in favor: 24 members, 148,057 votes (99.9359% of valid votes)
  • Voted against: 95 votes (0.0641% of valid votes)
  • Invalid/Abstain votes: 55,603 votes (considered invalid due to interest in resolution)

The electronic data and all relevant records relating to e-voting are under the scrutinizer's safe custody and will be handed over to CS Amey Borkar, Company Secretary & Compliance Officer of the Company, for preservation after the Chairman approves and signs the minutes of the AGM.