Meeting Details

The 43rd Annual General Meeting of Nitin Castings Limited will be held on Monday, 21st September, 2026 at 12:00 noon (IST) through Video Conferencing (VC)/Other Audio Visual Means (OAVM) without physical presence of members, in compliance with MCA Circular No. 09/2024 dated September 19, 2024 and SEBI circular no. SEBI/HO/CFD/CFDPoD-2/P/CIR/2024/133 dated October 3, 2024.

Business Items

Ordinary Business:

Item No. 01: Approval of Audited Financial Statements

  • To receive, consider and adopt the Audited Standalone Financial Statements for the financial year ended 31st March, 2026
  • Includes Balance Sheet as at 31st March, 2026, Statement of Profit and Loss, and Statement of Cash Flows
  • Includes reports of Board of Directors and Auditors

Item No. 02: Re-appointment of Managing Director

  • Re-appointment of Mr. Nitin Kedia (DIN: 00050749) who retires by rotation
  • Mr. Kedia is eligible and offers himself for re-appointment
  • Resolution to be passed as Ordinary Resolution

Special Business:

Item No. 03: Ratification/Approval for Transaction with Related Parties

  • Approval for existing and proposed related party contracts/arrangements
  • Transactions are in ordinary course of business and on arm's length basis
  • Requires approval under Section 177, 188 of Companies Act, 2013 and Regulation 23 of SEBI LODR Regulations
  • Related party transactions details:
  • Director Remuneration: Nitin S Kedia - ₹120.00 lakhs
  • Director Remuneration: Nirmal B Kedia - ₹120.00 lakhs
  • Director Remuneration: Nipun N Kedia - ₹72.00 lakhs
  • Company Secretary Salary: Ishan Kumar Verma - ₹1.80 lakhs
  • Director Sitting Fees: Jayaprakash Preethi Anand - ₹0.50 lakhs
  • Director Sitting Fees: Chintan Rambhia - ₹1.25 lakhs
  • Professional Fees: Kedia Construction Company Limited - ₹31.00 lakhs
  • Professional Fees: Kirti Investment Limited - ₹24.00 lakhs
  • Professional Fees: Rajshila Mercanticle Pvt. Ltd. - ₹15.00 lakhs
  • Professional Fees: Sanrit Software Pvt. Ltd. - ₹12.00 lakhs
  • Professional Fees: Arvind Engineering Works - ₹30.00 lakhs
  • Brokerage: Arvind Engineering Works - ₹5.86 lakhs
  • CSR Expenditure: Fragile X Society - ₹0.50 lakhs
  • Rent Paid: Suman N Kedia - ₹47.52 lakhs
  • Rent Paid: Shalini N Kedia - ₹47.52 lakhs
  • Rent Paid: Goldbiz Trading (India) Pvt. Ltd. - ₹18.00 lakhs
  • Rent Paid: Angel Trust - ₹28.10 lakhs
  • Rent Paid: M/s. Nitin Kedia Family Trust - ₹28.10 lakhs
  • Sales Promotion: Follow Your Roots - ₹0.19 lakhs

Item No. 04: Ratification of Remuneration to Cost Auditors

  • Ratification of remuneration payable to M/s. NKJ & Associates, Cost Accountants (Firm Registration Number: PROP/01515)
  • Remuneration amount: ₹30,000/- plus out-of-pocket expenses and applicable taxes
  • For conducting audit of cost records for financial year 2026-2027
  • Resolution to be passed as Ordinary Resolution

Item No. 05: Regularization of Additional Director

  • Appointment of Mrs. Meghna Vihang Makda (DIN: 10500291) as Non-Executive and Independent Director
  • Originally appointed as Additional Director with effect from 25th July, 2026
  • Proposed term: 5 years from 25th July, 2026 to 24th July, 2031
  • Not liable to retire by rotation
  • Resolution to be passed as Special Resolution

Voting Information

Record Date: Monday, 14th September, 2026

Remote e-Voting Period: Friday, 18th September, 2026 at 9:00 AM IST to Sunday, 20th September, 2026 at 5:00 PM IST

Register of Members Closure: 14th September, 2026 to 20th September, 2026 (both days inclusive)

Voting Service Provider: National Securities Depository Limited (NSDL)

Director Information

Mr. Nitin Kedia (DIN: 00050749)

  • Managing Director, liable to retire by rotation
  • Mechanical Engineer with 43+ years of industry experience
  • Board Meetings attended: 6 out of 6 during the year
  • Directorships in other public companies: Kedia Construction Company Limited
  • Shareholding: 5,51,472 shares as on March 31, 2026
  • Remuneration: ₹120.00 lakhs

Mrs. Meghna Vihang Makda (DIN: 10500291)

  • Additional Independent Director to be appointed
  • Fellow Chartered Accountant with 10+ years experience
  • Directorships in other public companies: Vikram Kamats Hospitality Limited (VKHL)
  • Board Meetings attended: 0 out of 6 during the year
  • Shareholding: Nil as on March 31, 2026

Additional Information

  • The Notice and Annual Report 2025-26 available on company website: www.nitincastings.com
  • Registrar and Share Transfer Agent: MUFG Intime India Private Limited
  • Members can send queries to naglmumbai@gmail.com by Monday, 14th September, 2026
  • Facility for e-voting through NSDL platform: www.evoting.nsdl.com
  • Members holding physical shares urged to convert to dematerialized form