Northern Spirits Ltd

Northern Spirits Ltd — Trading Window Closure

AGM Details

• Date and venue: 23 Sep 2026, 11:30 AM, physical AGM at Kenilworth Hotel, Kolkata.
• Remote e-voting period: 20–22 Sep 2026.
• Record date: 16 Sep 2026.
• Promoter group attended; public participated via e-voting and poll.

Resolutions

• Adopt audited financial statements and reports for year ended 31 March 2026; passed with requisite majority, 10 dissent.
• Declare final dividend of Re 0.35 per equity share; passed with requisite majority, 10 dissent.
• Appoint director by rotation: Mrs. Roshai Bakshi; passed with full majority.

Dividend

• Dividend approved: final dividend of Re 0.35 per equity share.

Director Changes

• Roshai Bakshi reappointed by rotation.

AGM Details

• Date and time: 23 September 2026, 11:30 AM.
• Mode: physical AGM with remote e-voting.
• Venue: Kenilworth Hotel, Kolkata.
• Record date: 16 September 2026.

Resolutions

• Resolution 1: Adopt audited financial statements and reports; passed.
• Resolution 2: Declare final dividend of Re 0.35 per equity share; passed.
• Resolution 3: Re-appoint director by rotation; passed.

Voting results

• Resolution 1: majority in favor; minimal dissent.
• Resolution 2: 99.999% in favor; 0.0001% dissent.
• Resolution 3: 100% in favor; no dissent.

Director changes

• Director by rotation: Mrs. Roshai Bakshi re-appointed.

Dividend

• Final dividend declared: Re 0.35 per equity share.

AGM Details

• 14th AGM held on 23 September 2026 at 11:30 AM (physical) at Kenilworth Hotel, Kolkata.
• e-voting facility provided; open 9:00 AM 20 September 2026 to 5:00 PM 22 September 2025.

Dividend declaration and payout schedule

• Board recommended dividend of Rs 0.35 per equity share for FY2025-26.
• Dividend payable post-AGM scheduled on 23 September 2026.
• Record date for entitlement: 16 September 2026.
• Register closure from 17 to 23 September 2026.
• AGM approval required to finalize dividend payment.

Tax withholding (TDS) framework and documentation

• TDS on dividends as per Income Tax Act; electronic payment mandated.
• Resident shareholders: NIL up to Rs 10,000; 10% with PAN; 20% without PAN.
• Non-residents: 20% TDS; DTAA benefits available with complete documentation.
• Required documents via mdpl.in: PAN, TRC, Form 10F, self-declaration.
• Submission deadline: 16 September 2026; only fresh submissions considered.

AGM, e-voting and dividend dates

• Security: equity shares.
• AGM: 14th AGM on Sep 23, 2026; e-voting Sep 20–22, 2026.
• Record date for dividend: Sep 16, 2026.
• Book closure: Sep 17–23, 2026 for AGM and dividend.
• Dividend proposed: Rs 0.35 per equity share (3.5%), subject to AGM approval.

Key dates and entitlements

• AGM date and time: 23 September 2026 at 11:30 AM IST.
• Venue: Kenilworth Hotel, Kolkata.
• Book closure: 17 September 2026 to 23 September 2026 (inclusive) for AGM and dividend entitlement.
• E-voting window: 20 September 2026, 9:00 AM to 22 September 2026, 5:00 PM.
• Cut-off date for voting entitlement: 15 September 2025.
• Record date for dividend: 16 September 2026.
• Dividend: Rs 0.35 per equity share (3.5%), FY 2025-2026.
• Security type: Equity shares.

Financial snapshot

• Net sales/income from operations: ₹2,30,897.35 Lakhs, up from ₹1,94,261.38.
• Total income: ₹2,31,087.73 Lakhs.
• Profit after tax: ₹2,714.20 Lakhs; EPS ₹16.91.
• Dividend proposed: Final dividend ₹0.35 per share (3.5%).
• YoY net profit growth: 18.16%.

Markets & growth

• Expanded distribution from Delhi NCR and West Bengal to UP, Assam, Meghalaya, Tripura.
• Plans to enter Punjab and Haryana markets.
• Exclusive pan-India rights for Famiglia Berta Wines and Bespoke Distillery.
• Own 2,000 sq ft retail outlet The Liquor Exchange in Noida; expansion planned.
• Premiumization shift supports growth; focus on luxury and premium categories.

Capital structure & liquidity

• Paid-up equity capital ₹16,05.12 Lakhs; no bonus issues or buybacks.
• Long-term borrowings ₹68.54 Lakhs; short-term borrowings ₹20,831.74 Lakhs.
• Cash & cash equivalents ₹5,505.96 Lakhs; listing fees paid for FY2026-27.
• Equity shares are 100% dematerialized; NSDL/CDSL participation.
• Dividend policy supports annual dividend with potential interim distributions.

Governance & management

• Board comprises 8 directors: 4 executive, 4 independent.
• Four independent directors: Sathvik Jain, Arihant Jain, Malti Jaiswal, Dinesh Shaw.
• Committees: Audit; Nomination & Remuneration; Stakeholders' Relationship; CSR.
• Independent Directors’ separate meeting held on 27 March 2026.
• Remuneration policy and performance evaluations outlined in Corporate Governance Report.

Audits & internal controls

• Statutory auditors JKSS & Associates reappointed; report unqualified.
• Secretarial audits by Anurag Fatehpuria; no qualifications.
• Internal financial controls deemed adequate and effective.
• No fraud reported; governance certifications provided by management.

CSR & governance of social impact

• CSR spent ₹10.00 Lakhs; shortfall ₹31.55 Lakhs; unspent ₹31.55 Lakhs to be carried forward.
• CSR policy approved; priority areas include education, healthcare, and rural development.
• CSR Committee: Sathvik Jain (Chair), Kanika Bakshi, Roshni Bakshi; four CSR meetings in year.

Risks & outlook

• Competition risk to intensify; premium brands and supply of high-contribution products emphasized.
• Regulatory risk due to high taxes and state-specific regulations; compliance programs in place.
• Cybersecurity risk mitigated via centralized IT controls and phishing exercises.
• Economic risk from macro shifts; diversified premium portfolio supports resilience.
• Inflation risk acknowledged; strong supplier relations mitigate price volatility.

AGM Details

• Date/time: 23 September 2026, 11:30 AM IST.
• Mode: in-person at Kenilworth Hotel, Kolkata.
• E-voting window: 20–22 September 2026.
• Cut-off date for voting: 16 September 2026.
• Register of Members closed: 17–23 September 2026.

Key Resolutions

• Adopt audited financial statements for year ended 31 March 2026.
• Declare final dividend of Rs 0.35 per share (3.5%).
• Re-appoint Mrs. Roshni Bakshi as director, retiring by rotation.

Voting Status

• Adoption of accounts: decision to be taken at AGM.
• Dividend: approval pending at AGM.
• Re-appointment: decision to be taken at AGM.

Dividend

• Final dividend proposed: Rs 0.35 per share.
• Subject to member approval.
• Dividend payable subject to TDS; payout within 30 days of declaration.

Director Changes

• Executive Director Mrs. Roshni Bakshi to be re-appointed.
• Promoter director on board since 2018.
• Remuneration as disclosed in Corporate Governance Report.