Nahar Capital & Financial Services has secured Board approval for the re-appointment of its key leadership personnel, ensuring continuity in governance and strategic direction. The Board of Directors, acting on the recommendation of the Nomination and Remuneration Committee, approved the re-appointment of Dinesh Oswal as Managing Director for a further period of five consecutive years. Additionally, the Board approved the re-appointment of Dr. Yash Paul Sachdeva and Dr. Rajan Dhir as Independent Directors for a second term of five consecutive years. These appointments are subject to the approval of shareholders at the company's ensuing Annual General Meeting.

The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing references SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The Company Secretary, Anjali Modgil (M. No. F9650), signed the communication on August 5, 2026.

Leadership Re-appointments

Dinesh Oswal’s tenure as Managing Director will commence on January 1, 2027, and extend until December 31, 2031. Oswal, aged 61, is a commerce graduate with over 41 years of experience in the textile industry and financial expertise. He has been involved in the operations of Nahar Capital since its inception and is responsible for strategic decision-making, business development, and overall governance. The filing notes his financial acumen and expertise in capital markets. Oswal is the son of Jawahar Lal Oswal, Director/Chairman of the company, and the brother of Kamal Oswal, a Director.

Dr. Yash Paul Sachdeva and Dr. Rajan Dhir will begin their second terms as Independent Directors on August 24, 2027, running until August 23, 2032. Dr. Sachdeva, 64, holds an MBA with a specialization in Financial Management and a Ph.D. in Capital Markets and Investment Management. He retired as Professor in the Business Administration Department of Punjab Agriculture University, Ludhiana, and brings over 30 years of experience in business management and administration. His specializations include accounting, financial management, security analysis, portfolio management, and management control systems.

Dr. Rajan Dhir, 68, holds an M.Sc., MBA, NPTEL Marketing certification, and a Ph.D. in Management. He possesses more than 39 years of experience in business management and administration and has authored various research papers predominantly on corporate governance.

Compliance and Eligibility

The filing confirms that none of the appointees are debarred from holding office as a director by virtue of any SEBI order or other authority. All three directors have submitted declarations stating they are not disqualified from holding office pursuant to Section 164 of the Companies Act, 2013. No relationships were disclosed between Dr. Sachdeva or Dr. Dhir and other directors, aside from the familial relationship noted for Mr. Oswal.

Appointment Details

Governance Implications

The re-appointment of long-serving leadership figures signals stability in Nahar Capital’s corporate structure. Dinesh Oswal’s continued role as Managing Director ensures that strategic oversight remains with an executive who has been present since the company’s inception. The retention of Dr. Sachdeva and Dr. Dhir reinforces the independent oversight function, bringing deep academic and practical expertise in finance and corporate governance to the Board. Shareholders will vote on these resolutions at the upcoming Annual General Meeting.

Nahar Capital & Financial Services has announced a dividend recommendation of ₹1.50 per equity share for the financial year ended March 31, 2026. The Board of Directors fixed September 4, 2026, as the record date to determine eligibility for this payout. This distribution reflects the company’s commitment to returning value to shareholders following the completion of its fiscal operations. The dividend is payable on equity shares with a face value of ₹5 each.

The Register of Members and Share Transfer Books will remain closed from September 5, 2026, to September 9, 2026, both days inclusive. This book closure period ensures that the list of shareholders remains static during the critical window preceding the dividend payment. The actual disbursement of funds will occur only after the proposal receives formal ratification at the company’s 21st Annual General Meeting (AGM). Until then, the amount remains a recommended dividend rather than a declared obligation.

In compliance with Section 91 of the Companies Act, 2013, and Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company issued this notice to the National Stock Exchange of India Limited and The BSE Limited. These regulatory filings ensure transparency and timely dissemination of material information to the investing public. The notice was signed by Anjali Modgil, Company Secretary, on August 5, 2026.

E-Voting and AGM Details

Shareholders will be able to participate in the 21st AGM through remote e-voting and voting during the meeting via Video Conference or Other Audio-Visual Means (VC/OAVM). Central Depository Services (India) Limited (CDSL) has been engaged to facilitate these processes. The cut-off date to determine eligibility for casting votes electronically is September 18, 2026.

The remote e-voting period begins on September 22, 2026, at 9:00 am and concludes on September 24, 2026, at 5:00 pm. This facility aligns with Section 108 of the Companies Act, 2013, Rule 20 of the Companies (Management and Administration) Rules, 2014, and Regulation 44 of the SEBI (LODR) Regulations, 2015. These provisions aim to enhance shareholder participation by removing geographical barriers to corporate governance engagement.

What This Means for Investors

The declaration of a dividend, even in a recommended form, signals management’s confidence in the company’s cash flow position and future profitability prospects. For investors holding shares as of the close of business on September 4, 2026, this payout represents a direct return on investment. The specific timing of the book closure requires traders to be mindful of settlement cycles if they intend to capture or avoid the dividend entitlement. The upcoming AGM serves as the final gatekeeper for this distribution, making shareholder attendance or proxy voting crucial for finalizing the payout.