Nitin Spinners Limited held its 34th Annual General Meeting on Monday, 21st September, 2026 at 3:00 PM (IST) through Video Conference/Other Audio Visual Means as permitted by Ministry of Corporate Affairs and SEBI circulars. The meeting commenced at 3:00 PM and concluded at 3:30 PM, including time provided for e-voting during the AGM.
Shri Dinesh Nolkha, Chairman & Managing Director of the Company, chaired the meeting. All directors including chairs of the Audit Committee, Stakeholders' Relationship Committee, and Nomination & Remuneration Committee attended. The Statutory Auditors, Secretarial Auditors, Scrutinizer, Chief Financial Officer, and Company Secretary also joined the meeting.
Fifty-five members joined the virtual meeting. The facility to appoint proxies was not provided in accordance with MCA circulars. The Chairman confirmed requisite quorum as per Companies Act, 2013 was present and delivered a speech providing an overview of the company's financial performance for the year ended 31st March, 2026 and future outlook.
Statutory registers were kept open for shareholder viewing by sending mail to investorrelations@nitinspinners.com during the AGM.
With shareholder concurrence, the notice dated 08.08.2026 of the 34th AGM together with Audited Financial Statements for FY ended 31st March, 2026 along with Auditors' Report and Directors' Report were taken as read. Shareholders were informed that both Statutory Auditor's Report and Secretarial Audit Report contained no qualifications, observations, or adverse remarks.
Business Transacted
The following items of business from the notice dated 08.08.2026 were transacted:
Ordinary Business:
1. Adoption of Audited Financial Statements of the Company for the year ended March 31, 2026 together with the Directors' and Auditors' Reports thereon
2. Declaration of Dividend of ₹3.00 per Equity Share for the year ended 31st March, 2026
3. Re-appointment of Sh. Dinesh Nolkha (DIN: 00054658) as Director who is liable to retire by rotation
Special Business:
4. Special Resolution for Re-appointment of Sh. Rohit Swadheen Mehta (DIN: 09449679) as an Independent Director of the Company for a second term of five consecutive years w.e.f. 30th December, 2026 to 29th December, 2031
5. Ordinary Resolution for ratification of remuneration of Cost Auditors for the F.Y. 2026-27
Voting Procedures
The Company provided "remote e-voting" platform through Central Depository Services (India) Limited (CDSL) for shareholders who held shares as on cut-off date of 14th August, 2026. The remote e-voting period was from 17th September, 2026 at 09:00 AM to 20th September, 2026 at 5:00 PM.
The Company also provided facility of "E-Voting" during the AGM for shareholders who joined through Video Conference/Other Audio Visual Means and had not cast votes through remote e-voting. CS Manoj Maheshwari (FCS: 3355), Practicing Company Secretary and partner of M/s V.M. & Associates, Company Secretaries, Jaipur, joined the meeting as Scrutinizer to scrutinize both remote e-voting and e-voting during AGM.
Since the meeting was held through virtual mode with electronic voting facilities, there was no requirement for proposing and seconding resolutions. Shareholders present at the AGM who had not cast votes through remote e-voting were invited to cast votes through e-voting facility.
Shareholder Engagement
The Chairman addressed queries from shareholders who had registered as speakers. All shareholder queries were successfully addressed by the Chairman.
Results Declaration
The combined results of remote e-voting and e-voting during AGM on each resolution will be declared within two working days from conclusion of the meeting upon receipt of Scrutinizer's Report. Voting results along with Scrutinizer's Report will be declared on the websites of Stock Exchanges, CDSL, and the Company simultaneously.
The meeting concluded with the Chairman expressing gratitude to all Directors, Auditors, and Shareholders for attending. One shareholder extended a vote of thanks to the Chair for conducting the meeting smoothly.