Neil Industries Ltd

Mittal – Re-appointment as Director (Non-Executive, Non-Independent)

• Re-appointment approved by members at the 43rd AGM held Sept 26, 2026; liable to retire by rotation.
• Effective from Sept 26, 2026; tenure until next AGM or rotation.
• Advocate by profession with 24 years' experience.
• Brother of Arvind Kumar Mittal, Managing Director.
• Not debarred by SEBI or other authorities.

Anil Sharma – Re-appointment as Non-Executive Independent Director

• Re-appointment approved by members at the 43rd AGM held Sept 26, 2026.
• Second consecutive term; five-year tenure commencing Aug 12, 2026.
• Term ends at AGM 2031 or expiry of five years, whichever earlier.
• Profile: consultant to various finance-sector companies.
• Not related to other directors.
• Not debarred by SEBI.

AGM Details

• AGM held on 26 September 2026 at 11:00 AM via VC/OAVM; concluded 11:21 AM.
• Record date: 18 September 2026.
• Total shareholders on record: 4,230.

Key Resolutions

• Resolution 1: Adoption of Audited Financial Statements; passed with 99.52% in favour.
• Resolution 2: Re-appointment of director by rotation; passed with 99.52% in favour.
• Resolution 3: Re-appointment of Anil Sharma as Non-Executive Independent Director; passed with 99.52% in favour.

Voting Results

• Resolution 1: 99.52% in favour, 0.48% against.
• Resolution 2: 99.52% in favour, 0.48% against.
• Resolution 3: 99.52% in favour, 0.48% against.

Director Changes

• Pankaj Kumar Mittal retired by rotation and offered for re-appointment.
• Anil Sharma re-appointed as Non-Executive Independent Director.

Neil Industries Ltd – Trading window closure filing

AGM notice and annual report access

• 43rd AGM on 26 Sep 2026 at 11:00 IST via VC/OAVM.
• Weblinks for AGM Notice and Annual Report provided for unregistered email holders.
• Email-record cut-off date for notice: 21 August 2026.
• KYC update reminder and dematerialisation of physical securities per SEBI 2024 circular.
• Electronic payments for folios lacking PAN/nomination/bank details from 1 Apr 2024.
• Shareholders urged to update contact details to receive notices electronically.

Record date and security

• Security: equity shares.
• Record date for e-voting: 18 September 2026.
• Voting rights are proportional to paid-up equity on the record date.

Book closure

• Book closure: 19–26 September 2026 (inclusive).

AGM timing

• 43rd AGM on 26 September 2026 at 11:00 IST via VC/OAVM.

e-voting window

• Remote e-voting: 23 Sept 2026, 09:00 IST to 25 Sept 2026, 17:00 IST.

Agenda approvals

• Item 2: Re-appoint Pankaj Mittal as Non-Executive Non-Independent Director; subject to approval.
• Item 3: Re-appoint Anil Sharma as Independent Director for five years; subject to approval.

Financials at a glance

• Revenue from operations: ₹395.42 Lakh in FY2025-26, up from ₹313.46 Lakh.
• Net profit after tax: ₹148.39 Lakh in FY2025-26, up from ₹118.74 Lakh.
• EPS (basic/diluted): ₹0.76 for FY2025-26.
• Net worth: ₹6006.89 Lakh as at 31-Mar-2026, up from ₹5858.50 Lakh.
• Dividends: Board did not declare any dividend for 2025-26.
• Authorized capital: ₹2000.00 Lakh; issued/subscribed: ₹1955.32 Lakh.
• Share dematerialisation: 99.52% of paid-up equity shares dematerialised.
• ABFL borrowings outstanding: ₹5.13 Crore; facility ₹6.65 Crore.

Capital structure & liquidity

• Debt-Equity ratio: 0.09; previous: 0.11.
• Current ratio: 79.38; previous: 116.87.
• Reserves total ₹4051.57 Lakh; components include Securities Premium ₹2848.75.
• Cash flows: Operating ₹177.07 Lakh; Investing ₹-52.19 Lakh; Financing ₹-126.26 Lakh.
• Equity share capital: Authorized ₹2000 Lakh; Issued ₹1955.32 Lakh.
• Closing cash & cash equivalents: ₹25.53 Lakh; Opening: ₹26.91 Lakh; net -₹1.38 Lakh.

Assets & investments

• Loans: ₹3376.52 Lakh; Investments: ₹1735.87 Lakh; PPE: ₹290.81 Lakh.
• Investment property: ₹984.70 Lakh; land held for development at Kanpur/Singhur.
• Total assets: ₹6596.79 Lakh; total equity: ₹1955.32 Lakh.

Operations & business model

• Single business segment: NBFC financial services.
• Loan offerings: Working capital, equipment/machinery, capacity expansion, property-backed loans.
• Focus on MSMEs and underbanked segments; project finance support.
• Investment property supports strategic land holdings for development.

Governance & board changes

• Board: 6 directors; MD Arvind Mittal; Independent Kritika Sharma; Anil Sharma; Kiran Priyani.
• Archana Singh ceased as independent director Sept 27, 2025.
• Garima Priyani added Apr 15, 2025; resigned Jul 13, 2025.
• Kiran Priyani appointed Independent Sept 27, 2025.
• 11 board meetings held in 2025-26; Audit/NRC/SRC committees active.

Risk management & internal controls

• NBFC-NDSI status; RBI master direction compliance ongoing.
• RMC comprising MD, CFO, and Company Secretary; reconstituted Aug 12, 2026.
• Internal controls robust; no material weaknesses observed.
• Secretarial audit with no qualifications; compliance certificate on governance.

Audit & compliance

• Statutory auditors: M/s RP Khandelwal & Associates; five-year term to 2029.
• Secretarial auditors: M/s V. Agnihotri & Associates; five-year term.
• Management certifications confirm internal controls and going concern; no material fraud reported.

AGM, disclosures & investor info

• 43rd AGM: 26 Sept 2026; VC/OAVM; remote e-voting Sept 23-25.
• Book closure: 19-26 Sept 2026; 1,000 members limit for VC attendance.
• Notice and annual report hosted on neil.co.in; NSDL e-voting for remote voting.
• Shareholding: 12- month pattern shows Promoters/Groups and Others; 99.52% dematerialised.

AGM Details

• 43rd AGM on 26 September 2026 at 11:00 IST via VC/OAVM.
• Voting rights cut-off date: 18 September 2026.
• Register of Members and transfer books closed 19–26 September 2026.
• Remote e-voting window: 23–25 September 2026.

Key Resolutions

• Ordinary: Adoption of Audited Financial Statements for year ended 31 March 2026.
• Ordinary: Re-appointment of Pankaj Kumar Mittal as Non-Executive Non-Independent Director.
• Special: Re-appointment of Anil Sharma as Independent Director for a second five-year term.

Voting Status

• Voting results pending; to be announced after the AGM.

Director Changes

• Mittal: Re-appoint as Non-Executive Non-Independent Director (retiring by rotation).
• Anil Sharma: Re-appoint as Independent Director for five-year term starting Aug 12, 2026.

UPSI leakage inquiry policy

• Amended UPSI leak inquiry policy adopted under SEBI PIT Regulations 2015.
• Policy aims to strengthen internal controls to prevent UPSI leakage.
• Applies to Directors, Promoters, designated persons and connected relatives as defined.
• Compliance officer must report incidents to Audit Committee and SEBI/Stock Exchanges.
• Committee conducts preliminary and final inquiries and may impose disciplinary actions.
• Disclosures to exchanges and SEBI on actual or suspected UPSI leaks.
• Policy to be hosted on company website; boards may amend.
• Policy date: 12 August 2026; last reviewed 12 August 2026.