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.

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. Shareholders will also vote on special resolutions regarding material related-party transactions and variations in director remuneration.

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.

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.

Nagreeka Capital & Infrastructure reported a net profit of ₹741.17 lakh for the financial year ended March 31, 2026, a decrease from ₹1,856.16 lakh in the previous year. Total revenue from operations for FY26 stood at ₹4,960.16 lakh, down from ₹5,712.86 lakh in FY25. The board approved the audited financial results during its meeting held on May 28, 2026. The company published these results in The Echo of India and Arthik Lipi on May 29, 2026, pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company’s total income for the year was ₹4,960.16 lakh, comprising interest income, sale of securities, dividend income, rental income, and other operating income. Total expenses for FY26 amounted to ₹3,979.71 lakh, lower than the ₹4,013.33 lakh recorded in the previous year. Profit before tax for the year was ₹980.45 lakh, compared to ₹2,511.75 lakh in FY25.

For the quarter ended March 31, 2026, the company reported a net loss of ₹234.15 lakh, contrasting with a net profit of ₹752.80 lakh in the corresponding quarter of the previous year. Total revenue from operations for Q4FY26 was ₹740.59 lakh, while total expenses stood at ₹1,065.47 lakh. The basic and diluted earnings per share (EPS) for the quarter were reported at a loss of ₹1.86.

The board also appointed M/s. Naveen Bardia & Co., Chartered Accountants, as internal auditors for the financial year 2026-2027. The audited financial results were reviewed by the Audit Committee and approved by the Board. The statutory auditors, M/s Das & Prasad, issued an audit report with an unmodified opinion dated May 28, 2026.

The standalone statement of assets and liabilities as of March 31, 2026, showed total assets of ₹14,481.58 lakh, an increase from ₹13,136.37 lakh in the previous year. Total equity stood at ₹2,853.87 lakh, up from ₹2,112.89 lakh in FY25. The company’s cash and cash equivalents increased to ₹108.38 lakh from ₹30.66 lakh at the end of the previous year.

Financial Performance for FY26

Quarterly Performance for Q4FY26