Nahar Spinning Mills 46th AGM All Resolutions Approved

Meeting Details

NSE Symbol: NAHARSPING
Meeting Type: 46th Annual General Meeting (AGM)
Date: September 25, 2026
Time: 10:00 AM to 10:50 AM
Mode: Conducted through Video Conferencing/Other Audio Visual Means
Duration: 50 minutes

Proposed Resolutions and Implications

All 11 resolutions were approved by shareholders:

1. Adoption of Financial Statements for year ended March 31, 2026 (Ordinary Resolution)

2. Declaration of Dividend of ₹1.00 per equity share of ₹5 each (Ordinary Resolution)

3. Appointment of Jawahar Lal Oswal (DIN: 00463866) as Non-Executive Director liable to retire by rotation (Ordinary Resolution)

4. Appointment of Satish Kumar Sharma (DIN: 00402712) as Non-Executive Director liable to retire by rotation (Ordinary Resolution)

5. Ratification of Remuneration of M/s Ramanath Iyer & Co. as Cost Auditors for 2026-27 (Ordinary Resolution)

6. Continuation of Satish Kumar Sharma as Non-Executive Director upon attaining age 75 years (Special Resolution)

7. Re-appointment of Dinesh Oswal (DIN: 00607290) as Managing Director for five years from January 1, 2027 to December 31, 2031 (Special Resolution)

8. Increase in Fee payable to Jawahar Lal Oswal, Non-Executive Director/Chairman (Special Resolution)

9. Re-appointment of Yash Paul Sachdeva (DIN: 02012337) as Independent Director for second term of five years from August 24, 2027 (Special Resolution)

10. Re-appointment of Anchal Kumar Jain (DIN: 09546925) as Independent Director for second term of five years from August 24, 2027 (Special Resolution)

11. Alteration in Main Object Clause of Memorandum of Association by adding solar power and allied objects (Special Resolution)

Voting Process and Methods

The voting was conducted through:

Remote e-voting: Commenced on September 22, 2026 at 09:00 AM and ended on September 24, 2026 at 05:00 PM
E-voting at AGM: Conducted during the meeting on September 25, 2026
Scrutinizer: P.S. Bathla & Associates (Company Secretary P.S. Bathla, Membership No. 4391) appointed by Board on August 5, 2026

Key Voting Outcomes

Overall Participation

Total shares outstanding: 36,065,303
Total votes cast: 24,600,091 (68.2099% participation)
Number of shareholders attended: 59 (16 Promoters + 43 Public)
Number of resolutions passed: 11

Resolution-wise Results

Resolution 1 (Financial Statements Adoption)

Total votes in favor: 24,599,734 (99.9985%)
Votes against: 357 (0.0015%)
Promoter group: 100% in favor (24,533,848 votes)
Public institutions: 100% in favor (82 votes)
Public non-institutions: 99.4604% in favor (65,804 votes), 0.5396% against (357 votes)

Resolution 2 (Dividend Declaration)

Total votes in favor: 24,599,734 (99.9985%)
Votes against: 357 (0.0015%)
Same voting pattern as Resolution 1

Resolution 3 (Jawahar Lal Oswal Appointment)

Total votes in favor: 24,506,972 (99.9888%)
Votes against: 2,745 (0.0112%)
Promoter group: 99.6276% participation, 100% in favor
Public institutions: 100% in favor
Public non-institutions: 95.851% in favor, 4.149% against
Invalid votes: 90,374 shares (Jawahar Lal Oswal's votes excluded as interested party)

Resolution 4 (Satish Kumar Sharma Appointment)

Total votes in favor: 24,580,359 (99.9888%)
Votes against: 2,745 (0.0112%)
Promoter group: 99.9267% participation, 100% in favor
Public institutions: 100% in favor
Public non-institutions: 95.851% in favor, 4.149% against
Invalid votes: 16,987 shares (Satish Kumar Sharma's votes excluded)

Resolution 5 (Cost Auditor Ratification)

Total votes in favor: 24,599,046 (100%)
Votes against: 1,045 (0.00%)
Unanimous approval across all categories

Resolution 6 (Satish Kumar Sharma Continuation)

Total votes in favor: 24,580,359 (99.9888%)
Votes against: 2,745 (0.0112%)
Invalid votes: 16,987 shares (interested party exclusion)

Resolution 7 (Dinesh Oswal Re-appointment)

Total votes in favor: 24,473,580 (99.9888%)
Votes against: 2,745 (0.0112%)
Promoter group: 99.4915% participation, 100% in favor
Invalid votes: 123,766 shares

Resolution 8 (Jawahar Lal Oswal Fee Increase)

Total votes in favor: 24,506,862 (99.9884%)
Votes against: 2,855 (0.0116%)
Invalid votes: 90,374 shares (interested party exclusion)

Resolution 9 (Yash Paul Sachdeva Re-appointment)

Total votes in favor: 24,597,346 (99.9888%)
Votes against: 2,745 (0.0112%)
Invalid votes: 90,374 shares (interested party exclusion)

Resolution 10 (Anchal Kumar Jain Re-appointment)

Total votes in favor: 24,597,346 (99.9888%)
Votes against: 2,745 (0.0112%)
No invalid votes reported

Resolution 11 (Memorandum Alteration for Solar Power)

Total votes in favor: 24,597,684 (99.9902%)
Votes against: 2,407 (0.0098%)
Public non-institutions: 96.3619% in favor, 3.6381% against
No invalid votes reported

Participation Breakdown by Category

Promoter & Promoter Group: 24,534,848 shares (68.04% of total)
Participation: 99.9959% on most resolutions
Consistently 100% in favor on all resolutions

Public Institutions: 30,084 shares (0.08% of total)
Minimal participation (0.2726%)
Consistently 100% in favor on all resolutions

Public Non-Institutions: 11,500,371 shares (31.88% of total)
Participation: 0.5753%
Showed opposition on several resolutions (0.5396%-4.3152% against)

Scrutinizer's Role and Findings

Scrutinizer: P.S. Bathla of P.S. Bathla & Associates (Company Secretary, Membership No. 4391)
Appointment Date: August 5, 2026
Report Date: September 26, 2026
Process: Remote e-voting unblocked on September 25, 2026 at 10:50 AM in presence of two witnesses (Mr. Gurmail Singh and Ms. Rekha Rani)
Findings: All resolutions passed with requisite majority
Methodology: Votes were scrutinized based on reports generated from CDSL website www.evotingindia.com

Compliance Confirmation

The document confirms compliance with:

SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Regulation 44(3))
Companies Act, 2013 (Sections 108, 109)
Companies (Management and Administration) Rules, 2014
Voting results placed on company website (www.owmnahar.com) and CDSL website (www.evotingindia.com)

Additional Information

The company's registered office: 373, Industrial Area-A, Ludhiana - 141003
Corporate office: Flat No. 22-A, Sector-14, Gurugram - 122015
GST No: 03AAACN5710D1Z6
All percentages rounded to two decimal places
Electronic voting data and records handed over to Company Secretary for safe keeping