Nahar Spinning Mills Ltd

Financials

• Total income (operational and other) Rs 3,233.11 crore.
• Profit before tax Rs 26.04 crore.
• Net profit after tax Rs 21.82 crore.
• Export sales Rs 1,699.37 crore; exports up 3.97%.

Operations & Capex

• Spinning unit modernization capex approx Rs 325 crore; Rs 170 crore spent.
• Rooftop solar capacity added 6.60 MW; total solar 19.874 MW.
• Energy from solar ~32% of total consumption.
• Single segment: textiles; Ind AS 108 not applicable.
• Modernization expected to complete by FY2027-28.

Dividends & Capital

• Paid-up equity share capital Rs 1,805.31 lakh; 36,065,303 shares.
• Promoters hold 67.96% stake.
• Dividend for FY2025-26: Rs 1 per share; Rs 360.65 lakh.
• 90% of shares dematerialised.

Governance

• Board of 10 directors; five independent; one woman director (Dr Manisha Gupta).
• MD remuneration Rs 17.68 crore; 2% net profit commission.
• MD reappointment for five years from 1 Jan 2027.
• Export Advisor remuneration increased to 0.60% of export sales from Apr 1, 2026.
• Independent directors reappointed for second five-year terms.

Debt & Liquidity

• Long-term borrowings Rs 93,994.23 lakh; short-term Rs 79,871.07 lakh.
• Net debt Rs 102,267.26 lakh; equity Rs 151,211.80 lakh.
• Gearing 0.40x; debt-equity 0.65x.
• Interest coverage 1.86x; current ratio 1.71x.

CSR & ESG

• CSR obligation Rs 90.96 Lakhs; Rs 90.96 Lakhs spent.
• Oswal Foundation-led CSR; health initiatives.
• BRSR 2025-26 uploaded on company website.
• POSH: no sexual harassment complaints.

Outlook & Risks

• Industry outlook positive; exports aided by FTAs with UK, EU, Oman.
• Risks: tariffs, cotton price volatility, energy costs, global uncertainties.

AGM Details

• Date and time: 25 September 2026 at 10:00 AM, via VC/OAVM.
• Record closure: 5–9 September 2026 (inclusive) for dividend eligibility.
• Remote e-voting window: 22 September 2026 to 24 September 2026.
• Voting cut-off date: 18 September 2026.

Dividend

• Dividend proposed: Rs 1.00 per equity share.

Key Resolutions

• Item 1: Adoption of standalone financial statements (Ordinary).
• Item 2: Declaration of dividend (Ordinary).
• Item 3: Re-appointment of Jawahar Lal Oswal as Non-Executive Director (Ordinary).
• Item 4: Re-appointment of Satish Kumar Sharma as Non-Executive Director (Ordinary).
• Item 5: Ratification of Cost Auditor remuneration (Ordinary).
• Item 6: Continuation of Satish Kumar Sharma as NED after 75 (Special).
• Item 7: Re-appointment of Dinesh Oswal as Managing Director (Special).
• Item 8: Increase in fee payable to Jawahar Lal Oswal (Special).
• Item 9: Re-appointment of Yash Paul Sachdeva as Independent Director (Special).
• Item 10: Re-appointment of Anchal Kumar Jain as Independent Director (Special).
• Item 11: Alteration of MOA main object to solar energy (Special).

Director Changes

• Satish Kumar Sharma: Continuation beyond 75 years (Special).
• Dinesh Oswal: Reappointed as MD for five years with remuneration.
• Jawahar Lal Oswal: Reappointed as Non-Executive Director.
• Dr. Yash Paul Sachdeva: Reappointed Independent Director for five years.
• Dr. Anchal Kumar Jain: Reappointed Independent Director for five years.

Auditors

• Cost Auditor remuneration ratified; Rs 2.20 Lakhs plus taxes and expenses.

Material Related Party Transactions

• Remuneration to MD from promoter group; export-sales-based fee; approvals required.

Other Material Approvals

• Alteration of MOA to include solar energy generation and related activities.

Meeting Details

• Date and time: Aug 5, 2026 at 3:00 PM, at the Registered Office.

Key Agenda Items

• Un-audited financial results for quarter ended June 30, 2026 to be considered and approved.

Other Notes

• Trading window closed from July 1, 2026 until 48 hours after results declaration.

Dematerialisation status

• The securities in the physical certificates have been listed on the stock exchanges.
• The certificates were mutilated and cancelled after verification, and the depository's name was substituted as registered owner.

Dematerialisation update

• 730 equity shares dematerialised in June 2026 after verification.
• Dematerialised certificates cancelled and replaced with Depository as Registered Owner.
• Total NSDL/CDSL holding as on date: 35,671,120 equity shares.