Nexxus Petro Industries Ltd

AGM Details

• Date: 29 September 2026
• Time: 12:00–12:10 IST
• Mode: Video Conference / OAVM
• Record date: 21 September 2026

Key Resolutions & Outcomes

• Resolution 1 (Ordinary): Adopt audited standalone financial statements for year ended 31 March 2026; passed.
• Resolution 2 (Ordinary): Reappointment of Rahul Senghani (rotating); passed.
• Resolution 3 (Special): Ratification of remuneration of Cost Auditor for FY 2026-27; passed.
• Resolution 4 (Ordinary): Approve related party transactions with Nextg Petrochem LLP; FY 2025-26; passed.
• Resolution 5 (Ordinary): Approve related party transactions with Mr. Jignesh Senghani; passed.
• Resolution 6 (Ordinary): Approve related party transactions with Mr. Haresh Senghani; passed.
• Resolution 7 (Ordinary): Approve related party transactions with Mrs. Vijaya Senghani; passed.
• Resolution 8 (Ordinary): Re-appointment of Mr. Haresh Senghani as Managing Director; passed.
• Resolution 9 (Ordinary): Re-appointment of Mr. Rahul Senghani as Whole-time Director; passed.

Auditors

• Cost Auditor remuneration for FY 2026-27 ratified.

Material Related Party Transactions

• Nextg Petrochem LLP: related party approval for FY 2025-26.
• Mr. Jignesh Senghani: related party approval for FY 2026-27.
• Mr. Haresh Senghani: related party approval for FY 2026-27.
• Mrs. Vijaya Senghani: related party approval for FY 2026-27.
• Mr. Rahul Senghani: related party approval for FY 2026-27.

Director Changes

• Rahul Senghani reappointed as Director (rotation).
• Haresh Senghani reappointed as Managing Director.
• Rahul Senghani reappointed as Whole-time Director.

AGM details

• Date: 29 September 2026; Time: 12:00 PM; Mode: VC/OVAM.
• Meeting concluded at 12:10 PM IST.
• Chaired by Haresh Senghani; all directors present.
• Notice and annual report circulated electronically per MCA/SEBI; available online.
• Voting results to be forwarded separately after declaration.

Key resolutions

• Ordinary: Adoption of audited financial statements for year ended 31 March 2026 and reports.
• Ordinary: Reappointment by rotation of Rahul Mohanlal Senghani.
• Special: Ratification of remuneration of the Cost Auditor for 2026-27.
• Special: Approve related party transactions with Nextg Petrochem LLP for FY 2026-27.
• Special: Approve related party transactions with Mr. Jignesh Senghani.
• Special: Approve related party transactions with Mr. Haresh Senghani.
• Special: Approve related party transactions with Mrs. Vijayaben Senghani.
• Ordinary: Re-appointment of Haresh Mohanlal Senghani as Managing Director.
• Ordinary: Re-appointment of Rahul Mohanlal Senghani as Whole-time Director.

Voting status

• Voting results will be declared separately and are not included in this filing.

Auditors and governance

• Cost auditor remuneration ratified for FY 2026-27.
• No change in statutory auditors reported.

Material related party transactions

• Related parties: Nextg Petrochem LLP; Mr. Jignesh Senghani; Mr. Haresh Senghani; Mrs. Vijayaben Senghani.

Nexxus Petro Industries Limited: Trading window closed from October 1, 2026 until 48 hours after the announcement of the unaudited financial results for the Half Year and Six Months ended September 30, 2026

Meeting Details

• Board meeting on 04 September 2026 at 6:30 PM at the registered office, Ahmedabad, Gujarat.

Key Agenda Items

• Approve the Notice of 5th AGM and its date, time, and place for year ended 31 Mar 2026.
• Approve the Annual Report and annexures for the year ended 31 March 2026.
• Consider and approve appointment of Internal Auditor for FY 2026-27.
• Consider and take on record Secretarial Audit Report and Internal Audit Report for FY 2025-26.
• Closure of Register of Members/Share Transfer Books for AGM.
• Board's Report for the year ended 31 March 2026.
• Appointment of Scrutinizer for E-Voting at AGM.

Other Notes

• No trading window closure period specified.

Clarification on price movement

• Price movement in the scrip is market-driven and outside management control.
• Company will continue to make all disclosures as per Regulation 30 of SEBI LODR.
• Management has no knowledge of the reasons behind significant price movements.
• The update reaffirms ongoing compliance with stock exchange agreements.

Plant expansion and production timeline

• Plant capacity of 30 TPD at a wholly owned facility in Pali, Rajasthan.
• Commercial production to commence from August 30, 2026.
• Phase 2 expansion to add 30 TPD within months, reaching 60 TPD total.
• Capex ₹14 crore funded entirely by internal accruals.
• Phase 1 revenue ₹25-30 crore; full 60 TPD could reach ₹50-60 crore.
• Net margin 8-10%; projected turnover ₹400 crore for FY2026-27 with PAT up to 4%.
• Funding via internal accruals and term loan with ~5% p.a. subsidy for 7 years.
• On-site liquid storage capacity of 500 KL.

Business

• Manufacturer, processor, importer and distributor of bitumen, emulsions, PMB, CRMB and bio-bitumen.
• Operates three facilities in Mundra, Pali and Bhopal, serving infrastructure contractors and government agencies.

Operations

• Value-added products contribute about 15% of revenue.
• Holds Rajasthan PWD empanelment and CSIR-CRRI/CSIR-IIP licence for KrishiBind™ bio-bitumen.
• Mundra facility benefits from port adjacency and direct Dubai import access.

Financials

• FY26 revenue fell 14.1% to ₹261.87 crore from ₹304.93 crore.
• FY26 EBITDA rose 7.3% to ₹12.07 crore; margin improved to 4.61%.
• FY26 PAT increased 5.0% to ₹6.39 crore; PAT margin improved to 2.44%.
• Gross margin improved to 12.65% from 8.90%, aided by better product mix.
• Q2/FY26 ended with cash and equivalents of ₹0.50 crore and receivables of ₹31.52 crore.

Capital

• Total equity rose to ₹38.66 crore in FY26 from ₹32.27 crore.
• Long-term borrowings increased to ₹3.35 crore, while short-term borrowings declined to ₹17.41 crore.
• Debt-to-equity increased to 0.60 from 0.54.

Outlook

• Management sees demand support from road construction, expressways, rural roads and import substitution.
• KrishiBind™ positions the company for sustainable road-building demand and higher-margin products.
• Three facilities and owned logistics support expansion across western and central India.

Risks

• Bitumen prices are exposed to import costs and geopolitical volatility.
• Company highlights competition and execution risk in scaling strategy and expansion.

Governance

• Chairman and Managing Director is Haresh Mohanlal Senghani; Whole Time Director is Rahul Mohanlal Senghani.
• Company is listed on BSE SME.

Business

• 📍 The company manufactures and trades bitumen and similar products.
• 📍 The company operates in a single business segment.