National Fittings Ltd

AGM details

• AGM date/time/mode: 16 September 2026, 10:30 AM, via VC/OAVM.
• Record date: 09 Sep 2026; book closure: 10-16 Sep 2026.

Resolutions at AGM

• Ordinary business: adopt audited financial statements and directors’ and auditors’ reports.
• Ordinary business: declare dividend for FY 2025-26.
• Ordinary business: Arpit Agarwal reappointed as director by rotation.

Postal ballot resolutions

• Six ordinary resolutions approved: director appointments, MD appointment, promoter reclassification, RPT approval.
• Special resolution approved: shift of registered office to Gujarat.
• Merger: Banil Castings and Avisa Private Limited into National Fittings approved; approvals pending.

Dividend

• Dividend proposed: Rs 1 per share; total Rs 90.83 lakh.

Director changes

• Promoter-to-public reclassification: Palaniswamy moved to public category.
• Promoter group changes: Himgiri Castings Pvt Ltd became promoter.
• Arpit Agarwal appointed MD; Anil Kumar Agarwal appointed Non-Executive Director.
• Panath Anitha and A.V. Palaniswamy resigned effective 18 Oct 2025.

Auditors

• Statutory auditors Krishaan & Co appointed until 34th AGM.
• Secretarial auditor MR L Narasimha appointed for 2025–2030.

Material related party transactions

• Banil Castings: land lease arrangement; 1,064.60 lacs.
• Himgiri Castings: purchase of components; 58.48 lacs.

Other material approvals

• Shifting of registered office from Tamil Nadu to Gujarat.
• Scheme of merger: Banil Castings and Avisa merge into National Fittings; approvals pending.

Board composition

• Board comprises five directors: two Executive, two Independent Non-Executive, one Non-Executive Non-Independent; one woman director.

Financial highlights

• Revenue from operations: ₹9,140.20 lakhs; total income ₹9,618.57 lakhs.
• Net profit after tax: ₹910.68 lakhs.
• EPS (basic): ₹10.03; EPS (diluted): ₹10.03.
• Shareholders' net worth: ₹8,905.31 lakhs.
• Dividend proposed: ₹90.83 lakhs (₹1 per share) for FY2025-26.
• Exports-driven revenue: ₹6,532.22 lakhs; domestic ₹2,413.13 lakhs.
• Net debt: ₹-1,743.00 lakhs; gearing -24.34%.

Strategic actions & promoter changes

• Promoter transition completed; Himgiri Castings Pvt Ltd is promoter.
• Board approved merger of Banil Castings and Avisa Private into National Fittings.
• Shifted registered office from Tamil Nadu to Gujarat; new CIN issued.
• Gujarat facility capacity: 2,500 MT/month; phase I started ₹60 crore capex.
• Two fully integrated plants: Goa (Banil) and Gujarat (Mudhela).
• Backward integration to strengthen supply chain with direct ownership of both sites.
• Domestic market focus supported by in-house R&D and national sales team.
• Vendor approvals pursued: EIL, MES, DRDO, CPWD, NBCC.

Operations & capacity expansion

• Two integrated manufacturing locations under direct ownership: Goa and Gujarat.
• Current capacity: 600 MT/month; Gujarat expansion increases capacity to 2,500 MT/month.
• Total planned capacity after expansion: ~3,100 MT/month.
• Phase I capex in Gujarat initiated; range of capabilities from casting to finishing.
• Goa facility and Gujarat plant to operate independently; de-risked supply chain.

Governance, compliance & board

• FY26: Board meetings held: 7; Audit Committee meetings: 5.
• Independent directors shareholdings and disclosures maintained; CEO/CFO certifications filed.
• Secretarial audit flagged non-submission of voting results within Reg 44(3); fines paid.
• Corporate governance compliance: SEBI LODR; no penalties in last three years.

Risk & outlook

• Geopolitical developments in GCC; company diversifying to domestic and new markets.
• FX exposure; maintain balance between export and domestic sales to mitigate risk.
• Ongoing integration of casting operations to strengthen supply chain resilience.

CSR & ESG

• CSR spend for 2025-26: ₹14.37 lakhs; 2026-27 target ₹18.50 lakhs.
• CSR initiatives include education, environment, health; activities disclosed in notes.

Shareholder information & dividends

• Annual General Meeting: 16 September 2026; record date 9 September 2026.
• Dividend payment target by 15 October 2026; equity shares listed on BSE.
• Equity shares outstanding: 90,83,182; face value ₹10 each.

Meeting Details

• Date of meeting: 05 August 2026.
• Time: not disclosed.
• Location: not disclosed.

Key Agenda Items

• Consider and approve unaudited financial results for the quarter ended 30.06.2026.
• Consider any other matter with the permission of the Chair.

Other Notes

• No additional notes disclosed.

Demat/remat status

• Dematerialisation requests processed; physical certificates mutilated and cancelled within 15 days.
• Depository registered owner updated within 15 days; details furnished to stock exchange.
• Dematerialised securities listed on the stock exchanges where the original securities are listed.

Meeting Details

• Board meeting scheduled for Friday, 22 May 2026.

Key Agenda Items

• Approve audited financial results for quarter/year ended 31 March 2026.
• Consider declaration of dividend, if any.

Other Notes

• No additional material governance or financial items disclosed.