Narendra Properties 31st AGM Notice and Annual Report 2026

Date: 29th September 2026 (Tuesday)
Time: 9:00 AM
Mode: Video Conferencing (VC) and Other Audio-Visual Means (OAVM)
Cut-off date for e-voting: 22nd September 2026
Remote e-voting period: 26th September 2026 (10:00 AM) to 28th September 2026 (5:00 PM)

1. Adoption of audited financial statements for FY ended 31st March 2026 with Board of Directors and Auditors reports

2. Declaration of dividend of ₹1 per equity share (10% of face value ₹10)

3. Re-appointment of Mr. Nishank Sakariya (DIN: 02254929) who retires by rotation

4. Reappointment of Ms. Kavita Patel as Independent Director for second term of five years from 27.12.2026 to 26.12.2031 (Special Resolution)

Current term: 27.12.2021 to 26.12.2026
Qualifications: B.Com, entrepreneur and independent consultant in interior design and marketing with 30 years experience
Sits on board of Rasi Electrodes Ltd as Chairman of NRC and Member of Audit Committee

5. Payment of remuneration to Mr. Nishank Sakariya (Non-Executive, Non-Independent Director)

₹2,50,000 per month for consultancy services from 01.01.2027 to 31.12.2027
Special Resolution required under Section 188(1)(f) of Companies Act, 2013 and Regulation 17(6)(ca) of SEBI LODR
May exceed 50% of total annual remuneration payable to all Non-Executive Directors

6. Authorization for investments/loans/guarantees under Section 186 of Companies Act, 2013

Aggregate limit of ₹50,00,00,000 (Fifty Crores)
Covers loans to any person/bodies corporate, guarantees/security for loans, and acquisition of securities
Special Resolution required

Contract receipts: ₹0 lakhs (previous year: ₹0 lakhs)
Sales: ₹637.84 lakhs (previous year: ₹736.09 lakhs)
Other income: ₹350.84 lakhs (previous year: ₹166.18 lakhs)
Total income: ₹988.68 lakhs (previous year: ₹902.27 lakhs)
Total expenditure: ₹716.36 lakhs (previous year: ₹775.18 lakhs)
Profit before tax: ₹265.21 lakhs (previous year: ₹123.54 lakhs)
Provision for tax: ₹67.89 lakhs (Current: ₹66.04 lakhs, Deferred: ₹1.85 lakhs)
Profit after tax: ₹197.32 lakhs (previous year: ₹92.35 lakhs)
EPS: ₹2.78 (previous year: ₹1.30)
Dividend recommended: ₹1 per share (10%), total appropriation ₹71.06 lakhs
Contract work-in-progress: ₹1,058.19 lakhs (previous year: ₹1,415.13 lakhs)

Sanjiv Shah & Associates LLP, Chartered Accountants, Chennai

7th Floor, EMPEE Tower, No.59, Adhithanar Salai, Chennai-600002

Cameo Corporate Services Limited, Subramanian Building, No.1, Club House Road, Chennai-600002

Authorized Capital: ₹750.00 lakhs (75,00,000 equity shares of ₹10 each)
Issued Capital: ₹720.00 lakhs (72,00,000 equity shares of ₹10 each)
Subscribed and Paid-up Capital: ₹716.49 lakhs (71,06,400 equity shares + ₹5.85 lakhs forfeited shares)
Promoter Holding: 70.19% (49,87,900 shares)
Public Holding: 29.81%
Dematerialized Shares: 97.38% of paid-up capital (69,19,876 shares)

Consultancy payments to promoters Mr. Narendra C Maher and Mr. Narendra Sakariya at ₹9 lakhs per annum each
Lease rental payment of ₹8.32 lakhs to M/s The Aluminium & Glassware Emporium (partnership firm where directors are partners)
Purchase of goods worth ₹3.10 lakhs from M/s The Aluminium & Glassware Emporium
Rental income of ₹2.25 lakhs from Ankur Foundations Private Limited
Security deposit of ₹3.00 lakhs received from Ankur Foundations Private Limited

Compliance with SEBI LODR Regulations confirmed
Four Board meetings held during the year
All mandatory committees constituted (Audit, Nomination & Remuneration, Stakeholders Relationship)
No material orders passed by regulators/courts impacting going concern status
Vigil mechanism and whistle blower policy in place

Adequate internal financial controls with reference to financial statements were in place and operating effectively as per auditor's report.

M/s. Sneha Jain & Associates conducted secretarial audit and issued unmodified opinion for FY2025-26.

The Board has not formulated any dividend distribution policy as disclosed in the corporate governance report.

Detailed instructions provided for remote e-voting through CDSL platform and participation in virtual AGM.

The company operates in single segment of construction of buildings (residential & commercial)
No subsidiary, joint venture or associate companies
No CSR activities undertaken as company not falling under Section 135(1) criteria
No deposits accepted under Sections 73-76 of Companies Act, 2013
No material fraud reported during the year

Form AOC-2: Related party transactions disclosure
Corporate Governance Report
Disclosure under Rule 5 of Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014
Secretarial Audit Report
Independent Auditors' Report
Financial Statements with notes