Nagreeka Capital & Infrastructure Limited has disclosed the voting results of its 32nd Annual General Meeting (AGM) held on September 28, 2026. All six resolutions, including the adoption of FY26 financial statements and the re-appointment of Managing Director Sunil Ishwarlal Patwari, were passed with significant majorities.

The company filed the Consolidated Scrutinizer's Report with stock exchanges on September 30, 2026. The meeting was conducted via video conferencing in compliance with SEBI (LODR) Regulations, 2015. Remote e-voting facilities were provided by National Securities Depository Limited (NSDL) from September 25 to September 27, 2026.

Key resolutions and voting outcomes

The shareholders transacted ordinary and special business items. The table below summarizes the voting results for the primary resolutions:

Governance and attendance details

Sunil Ishwarlal Patwari chaired the meeting, which commenced at 11:30 am and concluded at 12:27 pm. A total of 44 shareholders attended through video conferencing, comprising 21 from the Promoter Group and 23 from the Public category. The board introduced key managerial personnel present, including Executive Director Sushil Patwari, Non-Executive Independent Directors Amitava Mazumder, Santosh Harakchand Somani, and Rajendra Mahavirprasad Ruia. Chief Financial Officer Sanjeev Kr. Agarwal and Company Secretary Nikita Jindal also attended.

The Chairman confirmed that there were no adverse remarks or qualifications in the reports of the Statutory Auditors and Secretarial Auditor for the year ended March 31, 2026. Due to his interest in resolutions 2 through 6, Sunil Ishwarlal Patwari requested Company Secretary Nikita Jindal to read out these specific resolutions before handing the chair back to him.

What the numbers show

The voting data reveals a strong alignment between promoter interests and the proposed corporate actions. In Item 3, which concerned material related party transactions with promoter entities, promoters voted on only 34.37% of their holding (2,320,786 votes out of 6,753,159 shares held), while public non-institutional shareholders voted on 20.80% of their holding. Despite this lower participation rate among promoters for this specific item, the resolution passed with 98.90% support from those who voted, indicating that dissent was minimal across both groups. The consistent opposition rate of approximately 0.49% to 1.10% across all items suggests a small, stable block of dissenting shareholders rather than item-specific controversy.

Nagreeka Capital & Infrastructure has scheduled its 32nd Annual General Meeting (AGM) for Monday, September 28, 2026, at 11:30 am. The meeting will be conducted via video conferencing or other audio-visual means from the company's registered office in Kolkata. Shareholders will vote on special resolutions regarding material related-party transactions and variations in director remuneration.

The primary agenda includes the adoption of the audited financial statements for FY26, which reported a significant contraction in profitability compared to the previous year. The notice of the AGM along with the annual report was dispatched electronically on September 3, 2026, to members with registered email addresses. A web-link containing the full details is available on the company's website and stock exchange portals for those without registered emails.

Financial Performance for FY26

The company's total revenue from operations declined to ₹4,960.2 lakh in FY26, down from ₹5,712.9 lakh in FY25. This decrease was driven by lower sales of securities, which fell to ₹4,380.9 lakh from ₹5,204.5 lakh. Additionally, dividend income dropped to ₹97.0 lakh from ₹156.9 lakh.

Profit before tax contracted sharply to ₹980.5 lakh, compared to ₹2,511.8 lakh in the prior year. Consequently, net profit after tax fell to ₹741.2 lakh, a decline of approximately 60% year-on-year from ₹1,856.2 lakh. Finance costs increased to ₹750.6 lakh from ₹621.7 lakh, further pressuring margins.

The directors did not recommend any dividend for the year ended March 31, 2026, citing the need to improve liquidity for working capital requirements.

Board Changes and Remuneration

The AGM will seek approval for the re-appointment of Mr. Sunil Ishwarlal Patwari, Managing Director, who retires by rotation. The board composition saw changes during the year, including the appointment of Mrs. Sarita Patwari as an additional director effective August 12, 2025, and the resignation of Ms. Surabhi Sanganeria on September 27, 2025.

Shareholders will also consider a variation in the terms of appointment for Mr. Sushil Patwari, Executive Director designated as Chairman. His monthly remuneration limit is proposed to increase from ₹5 lakh to ₹7 lakh, effective October 1, 2026. This change aligns with his increased involvement in strategic management. The resolution also seeks approval for his remuneration to exceed statutory limits, capped at ₹5 crore annually.

Related Party Transactions

A special resolution will address material related-party transactions with promoter entities, including family members and Hindu Undivided Families (HUFs). These transactions primarily involve unsecured loans from directors and relatives. The estimated value of these transactions for FY27 is expected to exceed the materiality threshold of ₹1,000 crore or 10% of annual consolidated turnover, whichever is lower. The board recommends these transactions be carried out on an arm's length basis.

E-Voting and Book Closure Details

The company has appointed Mr. Naveen Bardia, Practising Chartered Accountant, as the scrutinizer for the e-voting process. The register of members and share transfer books will remain closed from Tuesday, September 22, 2026, to Monday, September 28, 2026, both days inclusive.

Remote e-voting will be facilitated through National Securities Depository Limited (NSDL). Only persons whose names appear in the Register of Members or the list of beneficial owners as on the cut-off date of Monday, September 21, 2026, are entitled to vote.

Members who have cast their votes through remote e-voting may attend the AGM but shall not be entitled to vote again. Those attending the AGM who have not voted remotely can use the electronic voting facility provided by NSDL at the venue.

What the Numbers Show

The divergence between rising finance costs and falling operating income highlights margin compression. While revenue dropped 13%, finance costs rose 21% to ₹750.6 lakh, consuming a larger share of earnings. This structural shift indicates that borrowing costs are eroding profitability more aggressively than operational declines alone would suggest.