Nitin Spinners Ltd

Nitin Spinners Ltd – Closure of Trading Window

• No extractable AGM information available in this chunk.

AGM details

• 34th AGM held on 21 September 2026 at 03:00 PM via VC/OAVM.
• Voting entitlements cut-off on 14 September 2026; remote e-voting 17–20 September 2026.
• Notice dispatched to 30,549 members with registered email IDs.

Key resolutions and outcomes

• Item 1: Adoption of audited financial statements; passed with 99.9991% in favour.
• Item 2: Final dividend of Rs 3.00 per share; passed with 99.9999% in favour.
• Item 3: Re-appointment of director retiring by rotation; passed with 99.9991% in favour.
• Item 4: Re-appointment of independent director for second five-year term; passed with 99.9830% in favour.
• Item 5: Ratification of cost auditors' remuneration for 2026-27; passed with 99.9940% in favour.

Dividend details

• Final dividend of Rs 3.00 per equity share approved for FY 2025-26.

Governance – directors & auditors

• Director retirement by rotation re-appointment approved.
• Independent director re-appointed for a second five-year term.
• Remuneration of cost auditors for 2026-27 ratified.

AGM Details

• 34th AGM conducted via VC/OAVM on Monday, 21 September 2026.
• Meeting started 3:00 PM and concluded 3:30 PM, including e-voting window.
• Proxy facility not provided for members not joining AGM.
• Remote e-voting via CDSL; cutoff 14 August 2026; e-voting 17–20 September 2026.

Key Resolutions

• Adoption of Audited Financial Statements for year ended 31 March 2026.
• Dividend of Rs 1.00 per equity share for the year ended 31 March 2026.
• Reappointment of Shri Dinesh Nolkha as Independent Director for a second five-year term from 30 Oct 2026.
• Retirement by rotation of a director.
• Remuneration of auditors for FY 2026-27 to be ratified.

Voting Results

• Voting outcomes not disclosed in the excerpt.

Dividend Details

• Dividend declared: Rs 1.00 per equity share.

Director Changes

• Independent director reappointed for a second term.
• Director retire by rotation.

Auditor Appointments

• Remuneration of statutory auditors for FY 2026-27 to be ratified.

ESG rating update

• CRISIL ESG Ratings assigned 'CRISIL ESG 59' indicating an 'Adequate' ESG category.
• Rating accessible on CRISIL's site and the company's Investor Relations page.

ESG rating update

• ESG rating: score 50, category 'Adequate', assigned by ESG Risk Assessments and Insights Limited.
• Date of communication: 16 September 2026.
• Rating letter available on the company website under Investor Relations.

AGM notice and related communications

• Notice of the 34th AGM for FY2025-26 scheduled 21 September 2026 at 3:00 PM via VC/OAVM.
• Electronic notices sent to shareholders with registered emails; unregistered addresses receive physical AGM notice.
• Annual Report FY2025-26 and AGM notice available via links and on BSE/NSE/CDSL websites.
• Physical copies of the Annual Report available on request by email or post.
• No governance changes or material approvals disclosed in this update.

Overview

• Standalone BRSR for FY2025-26; 1 Apr 2025–31 Mar 2026; no subsidiary.
• Manufactures cotton and blended yarns; knitted and woven fabrics.
• Exports to over 55 countries; exports 61.87% of turnover.
• BRSR forms part of the Annual Report FY2025-26; reporting boundary is standalone.

Key ESG Risks & Opportunities

• Sustainable sourcing opportunity; 38.55% inputs from sustainable sources.
• Renewable energy target: >50% by FY2028.
• Rooftop solar 23.40 MW installed; 28 MW hybrid captive.
• Open-access solar 33 MW; rooftop addition 12 MW planned.
• Cotton supply risk; diversify suppliers to mitigate climate risk.
• Water stewardship: ZLD and wastewater reuse reduce freshwater use.
• OH&S risk; ISO 45001 and SA8000; ongoing safety training.
• Waste management: zero landfill; 100% recycled; 10% in-house recycling.
• Robust ESG governance and disclosure; transparent reporting.

Governance & Policy Highlights

• Board oversight via policy and Risk Management Committee monitors sustainability.
• Policies aligned to RBC 2019; ISO 9001/14001/45001/50001; SA8000.
• Anti-bribery policy and Vigil Mechanism; policies publicly accessible.
• No penalties or fines; no external policy assessment; internal review.
• Investor grievances handled by RTA Bigshare and investor email.
• CSR policy with CSR Committee oversight; policies page on website.
• ISO 45001; SA8000; OHSMS certifications.
• Human rights clauses under evaluation; not yet in contracts.

Social Responsibility & Workforce

• Total employees 761; male 759, female 2.
• Total workers 5,932; male 5,667, female 265.
• Board women: 1 of 6 directors.
• Permanent employees turnover 2.4%; permanent workers turnover 18.7%.
• Well-being expenditure: 0.38% of revenue.
• SA8000-based human rights training for all employees.
• ISO 45001 and SA8000 certifications; 100% safety training.
• Formal GRC with departmental channels; anonymous grievance box.
• On-site medical consultations; POSH policies; no sexual harassment cases.

Environmental Performance

• Total energy consumption: 1,900,230 GJ; renewable energy share target >50% post expansion.
• Total Scope 1: 49,641 tCO2e; Scope 2: 246,991 tCO2e.
• Emission intensity: 92.3 tCO2e per crore turnover.
• Groundwater withdrawal: 597,031 kilolitres; water intensity 185.77 KL per crore turnover.
• Zero Liquid Discharge; 100% process water recycled; dry sludge reused.
• Total waste 655.32 tonnes; 100% recycled; zero landfill; 10% in-house recycling.
• PAT DCs designated; energy efficiency targets achieved.
• Rooftop solar 23.40 MW; 28 MW hybrid captive; 33 MW open-access; rooftop 12 MW planned.

Stakeholder Engagement & Complaints

• Stakeholder groups: customers, employees, shareholders, regulators, media, and communities.
• Engagement channels: meetings, feedback, website; frequency: ongoing for most groups.
• No complaints from communities, value-chain partners or employees in FY2025-26.
• Investor grievances handled by SRC; investor email channel.
• No product recalls in FY2025-26; data privacy/cyber policy in place; 0 data breaches.

Other Notable Metrics

• Exports constitute 61.87% of turnover; markets in 55+ countries.
• 55% of inputs sourced from sustainable sources, including BCI organic/recycled cotton.
• On product information: detailed specs provided to customers.
• 100% board and KMP training coverage across SEBI BRSR principles.
• Data privacy and cybersecurity policy; no data breaches to date.

Book closure details

• Book closure from 15 September 2026 to 21 September 2026 inclusive for AGM.
• Record Date fixed to determine dividend entitlement for FY ended 31 March 2026.
• Cut-off date fixed to determine E-voting entitlement at the AGM.
• AGM to be conducted via video conferencing in September 2026.
• Security type: shares.