Nagpur Power & Industries has scheduled its 30th Annual General Meeting for September 29, 2026. The meeting will address the reappointment of Mr. Gautam Khandelwal as Executive Chairman and the adoption of audited financial statements for FY26.

The company will hold the meeting through Video Conferencing or Other Audio Visual Means. Shareholders holding shares as of September 22, 2026 are eligible to vote. Remote e-voting will be available from September 24 to September 28, 2026.

Board and Management Changes

The primary special business item involves the reappointment of Mr. Gautam Khandelwal as Whole-Time Director designated as Executive Chairman. The Board proposes a three-year tenure starting July 1, 2026. His annual remuneration is set at ₹24,00,000.

Mr. Khandelwal has served as Chairman and Executive Director since July 1, 2004. He holds a BA in Economics from the University of Mumbai and studied Economics at the London School of Economics. He brings over 36 years of business experience across various industries.

Ms. Nidhi Salampuria retires by rotation at the AGM. Being eligible, she offers herself for reappointment as a Director. She holds a CS and LLB qualification and possesses extensive experience in corporate secretarial matters and legal affairs.

Operational Context

The explanatory statement highlights challenges in the company’s core operations. The firm manufactures high, medium, and low carbon ferro manganese and silico manganese slag. Revenue declined due to a shortage of raw material, specifically slag.

To mitigate this, the company entered a new business segment by acquiring a majority stake in The Motwane Manufacturing Company Private Limited (MMCPL) a couple of years ago. This strategic shift aims to diversify revenue streams amidst raw material constraints in the primary ferro alloy segment.

Meeting Logistics

The deemed venue for the AGM is the registered office in Mumbai. Physical attendance is not required. Institutional members must submit board resolutions authorizing representatives to vote via email before the meeting.

Shareholders can join the virtual meeting thirty minutes before the scheduled start time of 3:00 pm. The facility is available on a first-come, first-served basis for up to 1,000 members, though large shareholders and promoters face no such restriction.

Queries regarding the financial statements or agenda items must be submitted by September 22, 2026. The Register of Members and Share Transfer Books will remain closed from September 23 to September 29, 2026.

Nagpur Power And Industries Limited published its audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026, on May 31, 2026. The company reported a consolidated net profit of ₹3540.14 lakh for the year, a significant increase from ₹800.89 lakh in the prior year, driven by higher total income.

The consolidated total income for the year ended March 31, 2026, rose to ₹35790.95 lakh from ₹27242.88 lakh in the previous year. For the quarter ended March 31, 2026, the consolidated net profit stood at ₹3036.90 lakh, while total income reached ₹35172.48 lakh. On a standalone basis, the company reported a net profit of ₹751.16 lakh for the year and ₹740.04 lakh for the quarter.

The Board of Directors approved the financial results during a meeting held on May 29, 2026, following a review by the Audit Committee. The results were prepared in compliance with the Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Companies Act, 2013. The newspaper advertisements were published in Financial Express and Pratahkal on May 31, 2026, pursuant to Regulation 30 and 47 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Financial Performance

The table below summarizes the key financial metrics for the standalone and consolidated results for the quarter and year ended March 31, 2026.

The equity share capital for the standalone entity was reported at ₹259.26 lakh for the quarter ended March 31, 2026, with a face value of ₹10 per share. The company noted that the full format of the audited financial results is available on the stock exchange websites and the company's official website.