India Nippon Electricals Limited shareholders approved the re-appointment of Gangapriya Chakraverti and Heramb Ravindra Hajarnavis as Independent Directors during its 41st Annual General Meeting (AGM) on July 30, 2026. The Chennai-based electrical equipment manufacturer also ratified its audited financial statements for FY26 and confirmed the interim dividend for the year 2025-26, reinforcing governance stability and shareholder returns. The re-appointments, effective August 10, 2026, secure independent oversight for the next five years, aligning with SEBI’s listing regulations.

The proceedings complied with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. A quorum of 39 members was present. T K Balaji, Chairman of the Board, chaired the session, while Managing Director Arvind Balaji addressed members on performance. The panel included Director Priyamvada Balaji, Independent Directors Anant J Talaulicar, Heramb R Hajarnavis, and Gangapriya Chakraverti, along with Chief Financial Officer Elango Srinivasan, President Ravinder Sharma, and Company Secretary S Logitha.

Key Resolutions Passed

Shareholders transacted six items of business, comprising three ordinary resolutions under ordinary business and three resolutions under special business. All resolutions were passed successfully. The outcomes are detailed below:

Governance and Audit Oversight

The meeting reinforced the company’s independent oversight structure through the reappointment of two independent directors via special resolutions. Gangapriya Chakraverti (DIN: 00378385) and Heramb Ravindra Hajarnavis (DIN: 01680435) were reappointed for a second term of five consecutive years, commencing from August 10, 2026, to August 9, 2031. They are not liable to retire by rotation. Additionally, shareholders ratified the remuneration payable to K Suryanarayanan, the Cost Auditor, for the financial year ending March 31, 2027.

T K Balaji (DIN: 00002010), who retires by rotation, was re-elected as a director, maintaining stability in the leadership structure alongside Managing Director Arvind Balaji. The Statutory Auditors’ Report and Secretarial Auditors’ Report, presented by Deloitte Haskins & Sells LLP and S.A.E. & Associates LLP respectively, contained no qualifications or adverse remarks and were taken as read.

Voting Process and Scrutiny

The voting process was managed by M/s BP & Associates, with C Prabhakar (FCS No. 11722, CP No. 11033) appointed as Scrutinizer to ensure fair and transparent scrutiny. Members could cast votes electronically from July 27, 2026, at 09:00 hrs to July 29, 2026, at 17:00 hrs. Those present at the AGM who had not voted remotely were given an additional 15 minutes post-meeting conclusion to cast their votes electronically. Results were declared within two working days and uploaded to the stock exchanges and the company website.

India Nippon Electricals Limited has scheduled its 41st Annual General Meeting (AGM) for Thursday, July 30, 2026, at 10:00 A.M. IST via video conferencing. Shareholders recorded as of July 23, 2026, are eligible to vote. The company reported a landmark financial performance in FY 2025-26, crossing the ₹1,000 Crore revenue milestone with a 26% year-on-year increase to ₹1,06,848 Lakhs, driven by increased business share across key OEM platforms and growth in Integrated Starter Generator (ISG) products. The Board has proposed a final dividend of ₹15.50 per share.

Financial Performance

Profit After Tax increased 35.6% to ₹11,126 Lakhs, while EBITDA improved to ₹14,924 Lakhs, supported by material cost optimization and a favorable product mix. The company maintained its debt-free position and reduced working capital days from 42 to 40 days. The following table summarises the key financial metrics:

Dividend and Shareholder Details

The Board of Directors declared an interim dividend of ₹15.50 per equity share of ₹5 face value on February 13, 2026, representing a dividend rate of 310% on face value. This dividend, absorbing a total sum of ₹3,506.32 Lakhs, is proposed to be treated as the final dividend for the year ended March 31, 2026. The company has issued letters to shareholders without registered email addresses, providing a weblink and QR code to access the Notice of the 41st AGM and the Annual Report for FY 2025-26.

AGM Agenda: Ordinary and Special Business

The ordinary business includes the re-appointment of Mr. T K Balaji (DIN: 00002010), who retires by rotation and is eligible for re-appointment as a Non-Executive (Non-Independent) Director. The shareholders will also consider the ratification of remuneration of ₹3,80,000 plus applicable taxes payable to Mr. K Suryanarayanan, the Cost Auditor, for the financial year ending March 31, 2027.

The special business comprises the re-appointment of two Independent Directors for a second term of five consecutive years from August 10, 2026, to August 9, 2031:

Key AGM Dates and Voting Details

The facility for appointing proxies is not available as the meeting is held via video conferencing. M/s BP & Associates, Company Secretaries, represented by its Partner, Mr C Prabhakar, has been appointed as Scrutinizer. Voting results will be declared on the company's website and the CDSL e-voting portal immediately after the conclusion of the AGM.

R&D, Exports, and CSR

The company invested ₹2,877 Lakhs in R&D, representing 2.69% of net turnover. Exports during the year amounted to ₹8,727 Lakhs, compared to ₹3,363 Lakhs in the previous year. On the CSR front, the company spent ₹129.48 Lakhs against an obligation of ₹121.26 Lakhs, resulting in an excess spend of ₹8.21 Lakhs to be carried forward to FY 2026-27.