Nilkamal Ltd

Information disclosure status

• Company states there is no price-sensitive information to disclose that could affect price or volume.
• Regular disclosures are made to the stock exchange under Regulation 30 of SEBI LODR.

AGM highlights

• Chairman's address at Nilkamal's 40th AGM (17 July 2026) summarises FY2025-26.
• Revenue from operations rose to ₹3,686 crore, up from ₹3,239 crore (~14%).
• PAT increased to ₹105 crore, after a ₹5.41 crore one-time Labour Codes charge.
• Net worth as of 31 March 2026: ₹1,466 crore; total debt ₹256 crore.
• Capital expenditure of ₹44 crore invested to expand and strengthen operations.
• Net cash surplus at year-end: ₹67 crore, funded from internal accruals.
• Final dividend of ₹20 per equity share (200% of face value); total payout ₹29.84 crore.
• Renewable energy use rose 15% YoY to around 16% of total consumption.
• CSR: third school in Gujarat will educate more than 700 students annually.
• Non-plastic furniture, mattresses and foam products outsold plastic furniture.

AGM details

• Held on July 17, 2026 at 11:00 a.m. IST via VC/OAVM.
• Concluded at 12:03 p.m. IST.
• Remote e-voting from July 14–16, 2026; voting held during AGM.
• Total attendees: 62 members.

Key resolutions and outcomes

• Adoption of standalone financial statements; passed by majority.
• Adoption of consolidated financial statements; passed by majority.
• Final dividend of Rs 20 per equity share; passed.
• Re-appointment of Manish V. Parekh by rotation; passed.
• Remuneration of Cost Auditors ratified; passed.

Auditors and related matters

• Statutory auditors represented; no change in appointment.
• Cost Auditor remuneration ratified.

Rating details

• CARE Ratings reaffirmed Nilkamal Limited ratings across all instruments.
• Long-term bank facilities: ₹547.68 crore, CARE AA; Stable (reduced from ₹568.75 crore).
• Short-term bank facilities: ₹209.21 crore, CARE A1+ (enhanced from ₹208.21 crore).
• Non-convertible debentures: ₹50 crore, CARE AA; Stable.
• Non-convertible debentures: ₹100 crore, CARE AA; Stable.
• Commercial paper carved out: ₹50 crore, CARE A1+ (carved out of working capital limits).
• Commercial paper carved out: ₹50 crore, CARE A1+.
• Commercial paper carved out: ₹100 crore, CARE A1+ (carved out of working capital limits).
• Outlook: Stable for all ratings.

Dematerialisation status

• Dematerialisation requests for quarter ended 30 June 2026 were processed; securities listed on exchanges.
• Physical certificates received for dematerialisation were mutilated and cancelled after verification.
• Depository name substituted as registered owner within prescribed timelines.

AGM Details

• Date: 17 July 2026; Time: 11:00 AM IST; Mode: VC/OAVM
• Book closure: 11 to 17 July 2026 (inclusive)

Resolutions to Vote

• Ordinary Business: adopt standalone financial statements for FY2025-26
• Ordinary Business: adopt consolidated financial statements for FY2025-26
• Ordinary Business: declare final dividend of Rs 20 per share
• Ordinary Business: reappoint Manish V. Parekh as director (retiring by rotation)
• Special/Ordinary: ratify cost auditor remuneration for 2026-27

Dividend

• Final dividend of Rs 20 per equity share proposed, subject to AGM approval
• Total payout expected: Rs 2,984.51 lakh

Director Changes & KMP

• Gautam G. Chakravarti appointed Independent Director for five years from 29 Jul 2025
• K. Venkataramanan ceased as Independent Director from 13 Aug 2025
• Hiten V. Parekh remains MD; Manish V. Parekh remains Joint MD; Nayan S. Parekh remains Joint MD

Auditors

• Statutory Auditor: M/s SRBC & CO LLP; five-year term 2023–2028
• Secretarial Auditor: M/s N. L. Bhatia & Associates; five-year term 2025–2030

Material Related Party Transactions

• Dividend received from Nilkamal Eswaran Plastics Pvt Ltd: Rs 825.08 lakh
• Dividend received from Nilkamal Crates & Bins, FZE: Rs 247.56 lakh
• Technical/Management Fees: Nilkamal Eswaran Plastics Pvt Ltd Rs 42.79 lakh
• Technical/Management Fees: Cambro Nilkamal Private Limited Rs 804.80 lakh
• All related party transactions were at arm's length and in the ordinary course

Other Material Approvals

• Dividend Distribution Policy available on company website
• No Employee Stock Option Scheme; no ESOPs issued
• CSR policy and activities disclosed in Annual Report