N R Agarwal Industries shareholders approved a final dividend of ₹2 per equity share and authorized borrowing up to ₹5,000 crore at its 33rd annual general meeting held on September 2, 2026. The company also re-appointed P K Mundra as Executive Director and CFO.

All nine resolutions, including the adoption of FY26 audited financial statements, were passed with overwhelming support. E-voting participation stood at 75.8% of outstanding shares, with promoters casting votes on 98.6% of their holdings.

Key Resolutions Passed

Shareholders approved ordinary and special resolutions covering governance, capital structure, and operational mandates. The key outcomes included:

• Adoption of audited financial statements for FY26.
• Declaration of a ₹2 per share dividend for FY26.
• Re-appointment of P K Mundra (DIN: 10258728) as director by rotation and his subsequent appointment as Whole-time Director designated as Executive Director & CFO.
• Approval to increase borrowing powers under Section 180(1)(c) of the Companies Act, 2013, up to ₹5,000 crore.
• Creation of mortgage or charge on company undertakings and assets to secure financial assistance under Section 180(1)(a) of the Companies Act, 2013, up to ₹5,000 crore.
• Ratification of cost auditor remuneration for FY25 and FY26.
• Alteration of the object clause in the Memorandum of Association.

Voting Results

The scrutinizer’s report confirmed that all resolutions were passed. Promoter group support was unanimous across all agenda items. Public institutional investors showed dissent only on the borrowing power increase and asset charge resolutions.

Promoters voted in favor of all resolutions without any dissent. Among public non-institutional shareholders, opposition was negligible, ranging from zero to 12 votes against specific resolutions. Institutional public shareholders voted against the resolution to increase borrowing powers and create charges, accounting for approximately 0.41% of total votes polled on those items.

Meeting Details

The 33rd AGM commenced at 11:30 am and concluded at 12:40 pm on September 2, 2026. The meeting was conducted via video conferencing or other audio-visual means without physical presence, in compliance with Ministry of Corporate Affairs circulars.

E-voting was open from August 30, 2026, at 9:00 am to September 1, 2026, at 5:00 pm. The cut-off date for determining shareholder eligibility was August 26, 2026. M/s. Parikh & Associates, represented by Jigyasa Ved, served as the scrutinizer for the e-voting process.

Shareholders of N R Agarwal Industries approved an alteration to the Memorandum of Association at the 33rd Annual General Meeting held on September 2, 2026. The resolution expands the company’s operational scope to include the development and sale of industrial infrastructure.

The alteration involves renumbering existing Clause 35A as Clause 36 in Part (B) of the Memorandum of Association. A new Clause 37 was inserted under the heading "Incidental For Ancillary Objects to the attainment of the Main Object".

New Operational Scope

The newly inserted clause permits the company to:

• Develop, construct, and utilize land or immovable property for setting up industrial galas, plots, sheds, units, warehouses, or commercial or industrial complexes.
• Sell, lease, license, transfer, or otherwise deal in such units or spaces to third parties.
• Undertake planning, designing, construction, redevelopment, renovation, and infrastructure development.
• Appoint developers, contractors, architects, consultants, agents, or other entities for these activities.
• Enter into agreements or joint ventures for development, construction, and marketing.
• Raise finance for these purposes, including by creating charges or encumbrances on the company’s assets.

Regulatory Disclosure

The disclosure was made pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Pooja Daftary, Company Secretary and Compliance Officer, signed the filing.