Narendra Properties Ltd

AGM Details

• Date and time: 29 September 2026 at 9:00 AM.
• Mode: Video Conferencing and Other Audio-Visual Means (VC/OAVM).
• Venue: Chennai, India.
• Quorum: 23 members present via VC.
• Notice and annual report circulated electronically on Aug 11, 2026.
• Electronic voting closed 28 Sep 2026; results declared by 30 Sep 2026.

Key Resolutions

• Adoption of Audited Financial Statements — Ordinary; passed.
• Declaration of dividend: Rs 1 per equity share; Ordinary; passed.
• Re-appointment of Nishank Sakariya as Director (by rotation) — Ordinary; passed.
• Re-appointment of Kavita Patel as Independent Director for five years — Special; passed.
• Remuneration to Nishank Sakariya as consultant up to Rs 2,50,000 per month for 2027 — Special; passed.
• Authorisation to make investments/loans/guarantees up to Rs 50 crore under Section 186 — Special; passed.

Voting Results

• Adoption of Financial Statements: Passed; 58 in favour, 7 against.
• Dividend: Passed; 58 in favour, 7 against.
• Nishank Sakariya re-appointment: Passed; 58 in favour, 7 against.
• Kavita Patel Special: Passed; 58 in favour, 7 against.
• Remuneration: Passed; 93 in favour, 7 against.
• Section 186 investments: Passed; 57 in favour, 7 against.

Director Changes

• Kavita Patel re-appointed as Independent Director for five-year term.
• Nishank Sakariya re-appointed by rotation.

Auditors

• Statutory auditor remains M/s Sanjiv Shah & Associates LLP; no change.

Related Party Transactions

• No material related party transactions approved.

AGM outcomes

• Re-appointment of Kavita Patel as Independent Director for second five-year term (27 Dec 2026–26 Dec 2031).
• Remuneration for Nishank Sakariya as Consultant from 01 Jan 2027 to 31 Dec 2027 at ₹2.5 lakh/month.
• Authorization to invest/loan/guarantee beyond Section 186 limits up to ₹50 crore.

Director appointment details

• Term: 27 Dec 2026 to 26 Dec 2031; second term; not liable to retire by rotation.
• Background: Kavita Patel; IDDB registration; construction industry experience.

Remuneration approvals

• Remuneration approved by Nomination & Remuneration Committee and Board.

AGM Details

• Date and time: 29 September 2026 at 9:00 a.m. via VC/OAVM.
• Mode: VC/OAVM; no physical meeting.
• Record date: 22 September 2026.
• Attendance: Promoter Group 9; Public 14; voting via e-voting.
• Shareholders on record: cut-off date 22 September 2026.

Resolutions and outcomes

• Resolution 1: Adoption of financials; passed with 99.43% in favour.
• Resolution 2: Dividend of Rs 1 per equity share; passed with 99.43% in favour.
• Resolution 3: Re-appointment of Nishank Sakariya; passed with 99.43% in favour.
• Resolution 4: Kavita Patel Independent Director for 2026–2031; passed with 99.43% in favour.
• Resolution 5: Remuneration to Nishank Sakariya; passed with 99.00% in favour.
• Resolution 6: Investment/loan/guarantee/ security under Section 186; passed with 99.35% in favour.

Dividend

• Dividend proposed/approved: Rs 1 per equity share (Rs 10 each).

Director changes

• Nishank Sakariya retires by rotation; re-appointment approved.
• Kavita Patel appointed Independent Director for second term (27 Dec 2026 to 26 Dec 2031).

Auditors

• Auditors unchanged; no new statutory/secretarial/cost appointments announced.

Material related party transactions

• No material related party transactions approved.

AGM Details

• 31st AGM held 29 September 2026 at 9:00 a.m. via VC and OAVM.

Key Resolutions

• Adoption of Financial Statements for year ended 31 March 2026 (Ordinary Resolution).
• Declaration of dividend of Rs 1 per equity share (10%).
• Appointment of Nishank Sakariya to retire by rotation and seek re-appointment.
• Reappointment of Kavita Patel as Independent Director for second term (Special).
• Remuneration to Nishank Sakariya, Non-Executive Director (Special).
• Authorization to invest/loan/guarantee/provide security under Section 186 (Special).

Dividend

• Dividend of Rs 1 per equity share proposed.

Director Changes

• Nishank Sakariya to retire by rotation and seek re-appointment.
• Kavita Patel reappointed as Independent Director for second term.

Auditor

• Statutory Auditor Sanjiv Shah & Associates LLP issued unmodified report.

Voting Status

• Electronic voting closed 28 Sep 2026; results pending.
• Final results to be announced by 18 Oct 2026.
• Results to be reported on BSE and the company website.

Material Related Party Transactions

• No material related party transactions disclosed.

Narendra Properties Ltd trading window closed October 2026 for the quarter ended 30 September 2026; unaudited results to be announced by 14 November 2026

Financial highlights

• Revenue from operations: 637.84 Lakh, down from 736.09 Lakh.
• Total income: 988.68 Lakh, up from 902.27 Lakh.
• Profit before tax: 265.21 Lakh; profit after tax: 197.32 Lakh.
• Tax expense: 67.89 Lakh.
• Earnings per share: Rs 2.78.
• Dividend proposed: Rs 1 per share; total Rs 71.06 Lakh.
• Cash from operating activities: Rs 354.09 Lakh; year-end cash: Rs 106.33 Lakh.
• Total assets: Rs 3,907.53 Lakh; total equity: Rs 3,887.88 Lakh.
• Single segment: Construction and development; no subsidiaries or associates.

Capital & dividend dynamics

• Equity capital: Rs 716.49 Lakh; 71,06,400 shares.
• Promoter holding: 70.19% (49,87,900 shares) as of 31-03-2026.
• Dividend: Rs 1 per share proposed; total Rs 71.06 Lakh.
• AGM: 31st AGM on 29 Sep 2026 via VC; e-voting Sep 26-28.

Governance & leadership

• Board comprises six directors; three independent.
• MD & CEO Chirag N Maher; Chairman Mahendra K Maher.
• CFO Jitesh D Maher; CS Rishabh Haran appointed 11-11-2025.
• Independent directors familiarization conducted on 11 Feb 2026.

Related-party transactions

• Major related-party transactions include director remuneration and related leases.
• Purchases from The Aluminium & Glassware Emporium: Rs 3.10 Lakh.
• Office premises lease to related party; related party lease details disclosed.
• Rental income from Ankur Foundations Private Limited: Rs 2.25 Lakh.

Audit, controls & CSR

• Statutory auditors: SANJIV SHAH & ASSOCIATES LLP; unmodified opinion.
• Secretarial audit: unmodified; internal controls adequate and operating.
• CSR not applicable; no CSR activities during the year.

Shareholding & AGM mechanics

• Promoter group holds 70.19%; Navin C Maher 17.28%; Nishank Sakariya 11.27%.
• Dematerialization: 97.38% of shares dematerialized.
• Share registrar: Cameo Corporate Services; AGM/e-voting details published.

Outlook & risks

• Outlook: focus on executing existing projects; new launches depend on demand.
• Risk: luxury market fluctuations.

AGM Details

• 31st AGM via VC/OAVM on 29 September 2026 at 9:00 AM.
• Record date for e-voting cut-off: 18 September 2026.
• Remote e-voting window from 22 to 24 September 2026.
• Shareholders' books close 19 to 25 September 2026.

Resolutions

• Ordinary and Special Business to be transacted per AGM notice.

Record date and dividend entitlement

• Record date: 18 September 2026 to determine dividend entitlement for FY 2025-26.
• Dividend, if declared at AGM, will be paid before 28 October 2026.

Voting and AGM schedule

• Cut-off date for voting: 22 September 2026.
• AGM on 29 September 2026 at 9:00 AM via VC/OAVM.

Key Board resolutions

• Remuneration approved for Nishank Sakariya, Non-Executive Director, as Consultant from 01.01.2027 to 31.12.2027.
• Remuneration approved for Narendra C Maher, Promoter, as Consultant from 01.01.2027 to 31.12.2027.
• Remuneration approved for Narendra Sakariya, Promoter, as Consultant from 01.01.2027 to 31.12.2027.
• Re-appointment of Kavita Patel as Independent Director for second term (27.12.2026–26.12.2031).
• Authorization to make investments, loans and guarantees beyond limits under Sec 186 up to Rs 50 crore.
• Annexure A attached detailing Regulation 30 disclosures.
• KMPs authorised to determine materiality of events for disclosures.

AGM Details

• AGM date/time: 29 Sep 2026 at 9:00 AM via VC/OAVM.
• Venue not applicable; conducted through Video Conferencing and OAVM.
• Book closure from 18 Sep 2026 to 29 Sep 2026 inclusive.

Dividend Proposal

• Board recommended dividend of Rs.1 per equity share.

Dividend Logistics

• Record date BENPOS 18 Sep 2026; dividend payable by 28 Oct 2026.

E-voting Details

• Electronic voting window: 26 Sep 2026 10:00 AM to 28 Sep 2026 5:00 PM.
• Cut-off date for entitlement: 22 Sep 2026.
• EVSN 260811006; voting at evotingindia.com.