Nitin Castings Ltd

Nitin Castings Limited — Closure of Trading Window from 1 October 2026; reopening 48 hours after declaration of unaudited financial results for the quarter and half year ended 30 September 2026

Director designation change

• Meghna Vihang Makda's designation changed from Additional Director to Non-Executive Independent Director, effective 25 July 2026.
• Reason: Change in designation from Additional Director to Non-Executive Independent Director.
• Effective from 25 July 2026.
• Ms. Meghna Makda is not associated with any Director of the company.
• Not debarred from holding director office by SEBI or other authority.
• Term not specified.

AGM Details

• AGM held on 21 September 2026 at 12:00 IST via Video Conferencing/OAVM.
• Enclosed Scrutinizer report on voting results by Kala Agarwal, PCS, for the 43rd AGM.

AGM details

• AGM held on 21 September 2026 at 12:00 PM IST via VC/OAVM.
• Meeting ended at 12:15 PM IST.
• Record date for the meeting was 14 September 2026.
• Shareholders on record: 1,567; video attendance included 15 promoters and 17 public.
• Five resolutions were passed in the meeting.
• Total votes polled across resolutions: 3,740,517 with near-unanimous approvals.

Key resolutions

• Resolution 1 (Ordinary): Adopt Audited Standalone Financial Statements for year ended 31 March 2026.
• Resolution 2 (Ordinary): Re-appointment of retiring director.
• Resolution 3 (Ordinary): Ratify/approve related party transactions.
• Resolution 4 (Ordinary): Ratify remuneration payable to cost auditors for FY 2026-27.
• Resolution 5 (Special): Regularize Meghna Vihang Mant as Non-Executive Independent Director.

Voting results

• Resolution 1 passed with 99.999% in favour and 0.0002% against.
• Resolution 2 passed with near-unanimous in-favour.
• Resolution 3 passed with near-unanimous in-favour.
• Resolution 4 passed; remuneration to cost auditors ratified.
• Resolution 5 passed; Meghna Mant regularized as Independent Director.

Auditors

• Remuneration payable to cost auditors ratified for FY 2026-27.

Material related party transactions

• Related party transactions ratified/approved as part of the resolutions.

Director changes

• Regularization of Meghna Vihang Mant as Non-Executive Independent Director.

AGM Details

• Date/time/mode: 21 Sep 2026, 12:00–12:15 IST, VC/OAVM.

Resolutions Put to Vote

• Ordinary: Adopt Audited Standalone Financial Statements and reports.
• Ordinary: Re-elect director retiring by rotation.
• Ordinary: Ratification/Approval for related party transactions.
• Ordinary: Ratify remuneration payable to Cost Auditors for the financial year 2026-27.
• Special: Regularization of Additional Director as Non-Executive Independent Director.

Director Changes

• Regularization of additional director as Non-Executive Independent Director.

Auditors / Remuneration

• Cost Auditor remuneration ratified for 2026-27.

Related Party Transactions

• RPTs ratified/approved as per AGM notice.

Financial highlights

• Revenue from operations ₹14,708.69 Lakhs; down from ₹15,057.38 Lakhs.
• EBITDA ₹1,671.41 Lakhs; PAT ₹1,062.93 Lakhs.
• EPS basic ₹20.67 per share.
• Net profit margin 7.23% for FY2025-26.

Balance sheet & liquidity

• Equity capital ₹257.07 Lakhs; total equity ₹9,173.03 Lakhs.
• Total assets ₹14,046.58 Lakhs; net worth ₹9,173.03 Lakhs.
• Total borrowings ₹950.83 Lakhs; long-term ₹391.03; short-term ₹559.80.
• Cash & cash equivalents ₹12.15 Lakhs; current ratio 2.38x.

Operational footprint

• Single segment: Alloy steel castings; India turnover ₹14,074.54 Lakhs; exports ₹630.90 Lakhs.
• Plants: Silvassa and Karvad, Vapi; registered office in Mumbai.
• Inventories total ₹2,655.73 Lakhs; WIP ₹1,141.07; Raw materials ₹1,078.55.

Governance & material events

• Meghna Makda appointed Additional Independent Director from 25 Jul 2026; regularization sought.
• 43rd AGM on 21 Sep 2026 via VC/OAVM; remote e-voting 18-20 Sep 2026.
• Board approved voluntary delisting of equity shares on 30 Jan 2026.
• Auditors Jhunjhunwala Jain & Associates; no fraud reported.

Capital allocation & dividends

• Dividend paid ₹154.24 Lakhs in the year.
• Retained earnings increased; balance carry-forward ₹6,471.72 Lakhs.
• CSR spend ₹25.02 Lakhs; CSR obligation ₹25.01 Lakhs.

CSR & sustainability

• CSR policy hosted on the company site; policy and projects disclosed.
• CSR activities focus on health, education and livelihood initiatives.

Related party governance

• Related party transactions reviewed; no material RPT requiring shareholder approval.
• Remuneration to KMPs and relatives disclosed; transactions within policy.

AGM details

• AGM date/time: 21 September 2026, 12:00 noon IST.
• Mode: VC/OAVM; no physical venue.
• Record date: 14 September 2026.
• Register of Members closure: 14–20 September 2026.
• Deemed venue: Registered Office.

Key resolutions

• Item 01 Ordinary: Adopt Audited Standalone Financial Statements for year ended 31 March 2026.
• Item 02 Ordinary: Re-appoint Nitin Kedia as Managing Director; retires by rotation.
• Item 03 Ordinary: Ratify/approve related party transactions in ordinary course, arm's length.
• Item 04 Ordinary: Ratify remuneration to Cost Auditors for 2026-27: Rs 30,000 plus expenses.
• Item 05 Special: Regularize Meghna Makda as Independent Director for 5-year term.
• RPTs: Related party transactions approved up to arm's length limits.

Cost Auditor Appointment

• Board approved appointment of M/s NKJ & Associates as Cost Auditor for FY 2026-27.
• Date of appointment: 14 August 2026; term FY 2026-27.
• FRN: PROP/01515; firm designated as Cost Auditor.
• Brief profile: 20 years in industrial costing and auditing roles.
• Relation with directors/Key Managerial Personnel: Not Applicable.
• Disclosure under Regulation 30 LODR; no related party concerns.