NTC Industries Ltd

NTC Industries Ltd: Trading Window closes from 1st October, 2026 till 48 hours after the declaration/announcement of the Un-audited financial results to the Stock Exchange for the quarter ended 30th September, 2026

AGM Details

• AGM held on 25 August 2026 at 12:30–13:10 via VC/OAVM.
• Record date: 18 August 2026; on-record shareholders: 9,317.
• Meeting duration about 40 minutes.

Key Resolutions

• Resolution 1 (Ordinary): Adopt standalone and consolidated financial statements for year ended 31 March 2026.
• Resolution 2 (Ordinary): Re-appointment of director retiring by rotation.
• Resolution 3 (Special): Issuance of warrants convertible into equity shares to promoters category.

Voting Results

• Resolution 1: Passed; 99.9994% in favour, 0.0006% against; 54.2423% turnout.
• Resolution 2: Passed; 99.9994% in favour, 0.0006% against; 54.2423% turnout.
• Resolution 3: Passed; 99.9994% in favour, 0.0006% against; 54.2423% turnout.

Dividend

• Dividend not proposed or declared at the AGM.

Director Changes

• Director retiring by rotation was re-appointed.

Related Party Transactions

• Issuance of warrants convertible into equity shares to promoters category.

AGM Proceedings

• AGM held 25 August 2026 via VC/OAVM per MCA/SEBI guidelines.
• Ordinary Business: adoption of standalone and consolidated financial statements for the year ended 31 March 2026.
• Ordinary Business: re-appointment of director Tapan Kumar Chakraborty, who retires by rotation.
• Special Business: consideration to issue warrants on a preferential basis to promoters group.
• Voting: remote e-voting 22-24 August 2026; AGM e-voting available; results after scrutinizer's report.

Financial results and audit review

• Board approved unaudited standalone and consolidated Q1 results for quarter ended 30 June 2026.
• Limited Review Report for both standalone and consolidated results enclosed as Annexure.
• Consolidated results cover NTCIL Realty, NTCIL Siliguri Estate, NTCIL Infrastructure, NTCIL Real Estate.
• Independent auditor's review reports state no material misstatement and compliance with Ind AS 34 and SEBI LODR.

Financial snapshot

• Standalone revenue from operations: 10,175.14 Lakhs; PAT: 1,448.61 Lakhs.
• Consolidated revenue from operations: 11,601.91 Lakhs; PAT: 1,956.32 Lakhs.
• Export sales: Standalone 4,712.77 Lakhs; Group export earnings 5,225.28 Lakhs.
• Dividend for FY2025-26: not declared.

Capital structure & funding

• Paid-up equity capital: 14,519,000 shares of ₹10 each.
• Authorised capital: 20 million equity shares and 3.5 million preference shares.
• Promoter convertible warrants: up to 1,718,750 warrants at ₹160 each.
• Proceeds earmarked for expansion and general corporate purposes, within 12 months.
• Gearing ratio: 27.06% (FY2026) vs 27.65% (FY2025).
• Total borrowings (Consolidated): ~₹7,666 Lakhs; Standalone cash: ₹4.16 Lakhs.

Governance & board

• Board size: 6 (2 Executive, 3 Independent, 1 Non-Independent); 1 Woman Director.
• Key changes: Avijit Maity as MD; Tapan Chakraborty as Whole-Time Director; Vivek Soni as CFO (May 2026).
• Anushree Chowdhury resigned as CS (Apr 3, 2025); Tanya Bansal appointed (Apr 3, 2025).
• Postal Ballot (Feb 4, 2026) approved alteration of object clause of MOA.
• Statutory auditor: M/s R. Rampuria & Co; Internal auditor: Garg Narender & Co.

Subsidiaries & group structure

• Four wholly owned subsidiaries: NTCIL Infrastructure, NTCIL Real Estate, NTCIL Siliguri Estate, NTCIL Realty.
• NTCIL Real Estate Private Limited is a material subsidiary.
• Two subsidiaries yet to commence business operations.

Corporate governance & disclosures

• RPTs with related parties are at arm's length; policy disclosed on website.
• Corporate Governance report issued; certificate by Practising Company Secretary.
• Secretarial audits conducted; Annexures A1/A2 referenced in annual report.

Risks, litigation & compliance

• Contingent liabilities include GST/CGST disputes; total ~₹32.67 Crores (Note 39).
• Ongoing indirect tax litigations; management judgments disclosed in financial statements.

CSR & sustainability

• CSR expenditure: ₹15.63 Lakhs; focus on education.
• CSR policy available on company website; compliance with Section 135 of the Companies Act.

Dematerialisation processing and rematerialisation status

• Securities received from depository participants for dematerialisation during the quarter ended 30 June 2026 were confirmed to depositories.
• Securities dematerialised have been listed on the stock exchanges where the earlier issues are listed.
• Physical certificates for dematerialisation were mutilated and cancelled after verification, with the depository named as registered owner.
• The depository's name substituted as registered owner in the company's records.