Neelamalai Agro Industries Ltd

AGM Details

• Date: 19 August 2026
• Time: 11:00 A.M. (IST)
• Mode: VC/OAVM
• Record date: 12 August 2026
• Shareholders on record: 1,544
• Attendees via VC/OAVM: 24 (Promoters 2, Public 22)

Key Resolutions

• Resolution 1 (Ordinary): Adoption of audited standalone and consolidated financial statements for FY2025-26
• Resolution 2 (Ordinary): Declaration of final dividend for FY2025-26
• Resolution 3 (Ordinary): Re-appointment of Mrs. Shanthi Thomas as Director

Voting Results

• Resolution 1: Passed with 100% in favor
• Resolution 2: Passed with 100% in favor
• Resolution 3: Passed with 100% in favor

Dividend

• Final dividend declared on equity shares

Director Changes

• Re-appointment of Mrs. Shanthi Thomas as Director; retiring by rotation; eligible for re-appointment

AGM Details

• AGM held on 19 August 2026 via VC/OAVM from 11:08 to 11:38 IST.
• Remote e-voting conducted Aug 16–18, 2026.

Key Resolutions

• Adoption of Audited Financial Statements and Reports for FY 2025-26.
• Dividend approval for equity shares for FY 2025-26.
• Appointment of director in place of Shanthi Thomas, retiring by rotation.

Voting Results

• Voting results to be announced and disseminated to exchanges within two working days.

Operational Update

• Sutton Bungalow hospitality project completed and to commence operations Oct 2026 with a partner.

Standalone results

• Standalone Q1 2026: Revenue from operations ₹640.85 lakh; Total income ₹861.16 lakh.
• Standalone Q1 2026: Net profit after tax ₹129.13 lakh; Profit before tax ₹165.39 lakh.
• Standalone Q1 2026: EPS ₹20.76 per share (basic and diluted).
• Standalone Q1 2026: Employee benefits ₹368.76 lakh; depreciation ₹49.97 lakh; total expenses ₹695.77 lakh.
• Standalone Q1 2026: Total expenses ₹695.77 lakh; finance cost ₹0.04 lakh.

Consolidated results

• Consolidated Q1 2026: Total income ₹861.18 lakh; revenue from operations ₹640.85 lakh.
• Consolidated Q1 2026: Net profit after tax ₹1,533.22 lakh; Basic EPS ₹246.47.

Meeting Details

• Date: 14 August 2026; time and venue not disclosed.

Key Agenda Items

• To consider and approve unaudited financial results for Q1 ended 30 June 2026.

Other Notes

• Trading window for designated persons closed from July 1, 2026 until 48 hours after results.

Book closure and record date

• Record date: 12 August 2026 for dividend and AGM entitlement.
• Book closure: 13 August 2026 to 19 August 2026 (inclusive).
• Dividend: 200% of face value.
• Purpose: Payment of Dividend (200%) and 83rd AGM.

AGM Details & e-voting

• 83rd AGM on 19 August 2026 at 11:00 A.M., via VC/OAVM.
• Remote e-voting window 16–18 August 2026; cut-off date 12 August 2026.
• Notices and annual report despatched 27 July 2026.

AGM Details

• 83rd AGM on 19 Aug 2026 at 11:00 AM via VC/OAVM.
• Register of Members and share transfer books closed Aug 13–19, 2026.
• Voting cut-off date: Aug 12, 2026.
• Remote e-voting window: Aug 16–18, 2026 (9 AM–5 PM).

Ordinary Resolutions

• Adopt Audited Financial Statements (including Consolidated) and reports for year ended 31 March 2026.
• Declare dividend on equity shares.
• Re-appoint Shanthi Thomas as Whole Time Director for 3 years.

Director Changes

• Executive/Whole Time Director re-appointment; tenure 01 July 2024 to 30 June 2027.
• Remuneration proposed: monthly salary Rs 3–5 lakh; HRA Rs 0.5 lakh.
• Other benefits include PF 12%, perquisites, and company car.
• Last drawn remuneration: Rs 49.89 lakhs in FY 2025–26.
• First appointed to Board on 18 March 1998.
• Re-appointed on 20 August 2024 for a 3-year term.
• Spouse of Chairman Ajit Thomas.

Financial snapshot

• Revenue from operations: 2,544.84 Lakhs; up 9.5% YoY.
• Total income: 3,298.67 Lakhs; up from 3,161.45.
• PAT: 251.39 Lakhs; down from 344.92.
• EPS: 40.41 Rs; down from 55.45.
• Gross profit before depreciation/finance/tax: 576.63 Lakhs.
• Total comprehensive income: 338.91 Lakhs; down from 570.86.
• Dividend proposed: Rs 20 per share (200%), totaling Rs 124.41 Lakhs.

Operations & volumes

• Tea production: 12.42 L kg; yield 2,182 per hectare.
• Bought leaf: 2.15 L kg; last year 0.85.
• Sale price: 170.69 per kg; prior year 150.18.
• Export earnings: Rs 800.89 Lakhs; outgo Rs 46.62 Lakhs.

Dividend & capital

• Equity share capital: 6,22,062 shares; paid-up Rs 62.21 Lakhs.
• Promoters Ajit Thomas and Shanthi Thomas hold 66.65%.
• IEPF transfers: 3,450 shares; 17 shareholders.

Geography & sales mix

• India revenue: 1,673.67 Lakhs; Rest of World 807.37 Lakhs.
• Total revenue from sale of products: 2,481.04 Lakhs.

Capital structure & liquidity

• Undrawn fund-based facilities: Rs 100.00 Lakhs.
• Cash & cash equivalents: Rs 41.99 Lakhs.
• Net cash from operating activities: Rs 402.64 Lakhs used.
• Overdraft facility up to Rs 100 Lakhs; no long-term borrowings disclosed.

Governance & controls

• Board comprises Ajit Thomas (Chairman), Shanthi Thomas (Executive), four independents.
• Audit Committee: S. Ganesan (Chair), Ajit Thomas, Kavitha Vijay, M. Meyyappan.
• Internal controls adequate; internal audit by M.C. Ranganathan & Co.
• Secretarial audit: no material qualification.
• CSR not applicable; compliance with governance standards.

Related party transactions

• Related parties include AVT Natural Products, AVT McCormick, Midland Corporate Advisory, Midland Rubber, Nelliampathy Tea, Siddharth Thomas.
• Dividend received from associates/JV: Rs 614.35 Lakhs.
• Remuneration to Executive Director: Rs 49.89 Lakhs.
• Sale of goods/consumables to related parties: Rs 16.20 Lakhs.

Associates & joint ventures

• AVT Natural Products Ltd: Associate; carrying amount Rs 21,716.20; share of profit Rs 2,592.24.
• AVT McCormick Ingredients Pvt Ltd: Joint Venture; carrying amount Rs 4,403.33; share of profit Rs 678.75.
• Midland Corporate Advisory Services Pvt Ltd: Associate; carrying amount Rs 44.58; profit Rs 4.16.

Taxation & disputes

• Income tax dispute: Rs 502.27 Lakhs; land sale demand Rs 497.84 Lakhs; appeals filed.

Dematerialisation status

• Details of dematerialisation/rematerialisation furnished to the stock exchange by the transfer agent.
• Dematerialised securities mutilated and cancelled after verification, with depository name substituted as registered owner.
• Securities have been listed on the exchanges where the original securities are listed.