Nagpur Power sets Sep 22 record date for 30th AGM
- Nagpur Power sets September 22, 2026 as record date for 30th AGM
- Gautam Khandelwal reappointed as Executive Chairman with ₹24 lakh annual pay
- Ms. Nidhi Salampuria seeks reappointment after retiring by rotation
- Company faces revenue decline due to slag shortage in ferro alloy business
*this image is generated using AI for illustrative purposes only.
Nagpur Power & Industries has confirmed September 22, 2026 as the record date for its 30th Annual General Meeting. This cutoff determines voting eligibility for shareholders attending the meeting scheduled for September 29, 2026.
The company issued this intimation pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Shareholders holding equity shares on the record date will be eligible to exercise their voting rights. The register of members and share transfer books will remain closed from September 23 to September 29, 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 meeting will be held through Video Conferencing or Other Audio Visual Means. Remote e-voting will be available from September 24 to September 28, 2026.
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.
Historical Stock Returns for Nagpur Power & Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.55% | -2.13% | -15.26% | -6.86% | +64.29% | +141.20% |
How is the acquisition of The Motwane Manufacturing Company Private Limited impacting Nagpur Power & Industries' revenue mix and profitability compared to its traditional ferro alloy segment?
What specific strategies is management implementing to resolve the persistent raw material (slag) shortage that has negatively impacted core operations?
Given the reappointment of Mr. Gautam Khandelwal for another three-year term, what are his key strategic priorities for diversifying the company's business model beyond ferro alloys?
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