Noble Polymers Board Approves 1% Dividend, Share Consolidation

1. Board's Report Approval

Approved the Report of the Board of Directors for the financial year ended 31st March 2026, together with annexures.

2. Dividend Recommendation

Recommended a final dividend of ₹0.05 (Five Paise only) per equity share of face value of ₹5 each, representing 1% of face value
Total dividend payout: ₹4,37,770 on 87,55,400 equity shares
Subject to approval of Members at the ensuing Annual General Meeting
If approved, dividend will be paid on or before 29th October 2026

3. Annual General Meeting

32nd Annual General Meeting approved for Wednesday, 30th September 2026 at 1:00 P.M. (IST)
Venue: Registered Office at 3rd Floor, Sundaram Complex, Gurukul Road, Memnagar, Ahmedabad, Gujarat – 380052
Notice with Explanatory Statement and annexures approved

4. Book Closure and Cut-off Dates

Register of Members and Share Transfer Books closure: Saturday, 26th September 2026 to Wednesday, 30th September 2026 (both days inclusive)
Purpose: Annual General Meeting and dividend entitlement determination
Cut-off date for remote e-voting and AGM voting: Wednesday, 23rd September 2026

5. Remote E-voting Arrangements

Remote e-voting period: Sunday, 27th September 2026 at 9:00 A.M. to Tuesday, 29th September 2026 at 5:00 P.M. (IST)
E-voting agency: Central Depository Services (India) Limited

6. Executive Director Appointments

Mr. Mahesh Alabhai Odedra (DIN: 06377571) appointed as Whole-time Director designated as "Executive Director"
Mr. Hiren Rambhai Odedra (DIN: 10381120) appointed as Whole-time Director designated as "Executive Director"
Both appointments effective from 30th September 2026 for 5-year terms
Both designated as Key Managerial Personnel
No remuneration for either position
Subject to approval of Members at ensuing AGM

Mr. Mahesh Alabhai Odedra Profile:

Expertise in business opportunities identification, procurement planning, commercial negotiations, vendor development, pricing strategies, working capital management, customer acquisition, and trading operations expansion
Experience in managing commodity trading businesses with systematic procurement processes and inventory management
Holds 22,80,220 equity shares (26.04% of company)
Not related to other directors or KMPs

Mr. Hiren Rambhai Odedra Profile:

Oversees operational execution of business activities, customer relationship management, sales coordination, logistics management, and supplier follow-up
Holds 1,000 equity shares (0.01% of company)
Not related to other directors or KMPs

7. Chief Financial Officer Appointment

Mr. Akash Prakashbhai Thakore appointed as Chief Financial Officer effective 8th September 2026
Commerce Graduate with experience in finance, accounts, taxation, budgeting, banking operations, and regulatory compliance

8. Internal Auditor Appointment

M/s. P K Garg and Associates, Chartered Accountants appointed as Internal Auditor for Financial Year 2026-27
Firm has over 40 years experience in internal audit, taxation, and financial advisory
Led by Mr. Mrunal M Shah

9. Share Consolidation

Approved consolidation of equity shares from existing face value of ₹5 each to ₹10 each
Ratio: Every 2 fully paid-up equity shares of ₹5 each consolidated into 1 fully paid-up equity share of ₹10 each
Requires approval of Members and BSE Limited

Capital Structure Impact:

Pre-consolidation authorized capital: ₹18,00,00,000 divided into 3,60,00,000 equity shares
Post-consolidation authorized capital: ₹18,00,00,000 divided into 1,80,00,000 equity shares
Pre-consolidation paid-up capital: ₹4,37,77,000 divided into 87,55,400 equity shares
Post-consolidation paid-up capital: ₹4,37,77,000 divided into 43,77,700 equity shares
ISIN will change from INE203Q01026 to new ISIN to be obtained
No change in aggregate paid-up share capital or proportionate shareholding/voting percentage (except marginal fractional effects)
Fractional entitlements will be consolidated and sold by trustee, with proceeds distributed to members
No NCLT approval required under Section 61(1)(b) of Companies Act, 2013
Record date to be fixed separately in consultation with BSE Limited

10. Scrutinizer Appointment

Mr. Himanshu Togadiya, Proprietor of H Togadiya & Associates Practising Company Secretary (Membership No.: F11822) appointed as Scrutinizer for remote e-voting and AGM voting