Nahar Capital & Financial Services Ltd shareholders approved a final dividend of ₹1.50 per equity share for FY26 during the 21st Annual General Meeting held on September 25, 2026. The meeting also ratified the re-appointment of Dinesh Oswal as Managing Director for a five-year term starting January 1, 2027.

The board further approved the continuation of Satish Kumar Sharma’s directorship upon his turning 75 in September 2027. This decision ensures leadership stability within the promoter group and aligns with regulatory compliance under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Voting outcomes and shareholder participation

All eight resolutions proposed at the meeting were passed with requisite majorities. The voting process, conducted via e-voting and video conferencing, saw participation from 16 promoter group members and 36 public shareholders attending virtually. The total number of shares voted across all resolutions hovered around 124 lakh, representing approximately 74% of the company's outstanding equity capital.

The dividend declaration received overwhelming support, with 99.99% of votes polled in favour. Similarly, the adoption of standalone and consolidated financial statements for FY26 was approved by 99.99% of participating shareholders. Only minor dissenting votes were recorded, primarily from public non-institutional investors, which did not impact the passage of any resolution.

Leadership continuity and governance

Dinesh Oswal, aged 61, brings over 41 years of experience in the textile industry and financial markets to his renewed mandate. As the son of Chairman Jawahar Lal Oswal, his continued leadership signals stability in the promoter group's strategic direction. He is responsible for overall governance, business development, and capital market expertise.

The independent directors bring academic and administrative depth to the board. Dr. Sachdeva, 64, holds a PhD in Capital Markets and has over 30 years of experience in business management. Dr. Dhir, 68, possesses nearly four decades of experience in management administration with a specialization in corporate governance research.

Director appointment details

All three directors have submitted declarations confirming they are not disqualified under Section 164 of the Companies Act, 2013. Additionally, none are debarred from holding office by SEBI or other regulatory authorities. The appointments were disclosed via a filing signed by Company Secretary Anjali Modgil.

AGM proceedings and resolutions

The meeting was conducted via Video Conferencing/Other Audio Visual Means (VC/OAVM) in compliance with MCA circulars. Key ordinary resolutions included the adoption of standalone and consolidated financial statements for the year ended March 31, 2026, and the re-appointment of Jawahar Lal Oswal and Kamal Oswal as Non-Executive Directors retiring by rotation.

Special business items focused on extending the tenures of key personnel. The re-appointment of Dr. Yash Paul Sachdeva and Dr. Rajan Dhir as Independent Directors for a second five-year term was passed. The specific approval for Satish Kumar Sharma allows him to continue serving as a Non-Executive Director despite exceeding the standard age limit of 75 years, effective September 4, 2027.

Auditors M/s. Gupta Vigg & Co. and Secretarial Auditors M/s. P.S. Bathla & Associates submitted their reports without any qualifications or adverse observations regarding the company's functioning. No queries or questions were received from members prior to or during the meeting.

Nahar Capital & Financial Services has scheduled its 21st Annual General Meeting for September 25, 2026. The Board proposes a dividend of ₹1.50 per equity share and seeks approval for key director re-appointments.

The meeting will be conducted via Video Conferencing or Other Audio Visual Means. Shareholders holding shares as on the record date of September 4, 2026, will be eligible for the dividend payout. The Register of Members will remain closed from September 5 to September 9, 2026.

Financial Performance Overview

The company reported a gross revenue of ₹5,182.59 lakh for FY26, up from ₹4,936.09 lakh in FY25. Net profit stood at ₹2,876.72 lakh in FY26, compared to ₹3,040.00 lakh in the prior year.

What the Numbers Show

While gross revenue expanded by approximately 5% year-on-year, net profit contracted by roughly 5.4%. This divergence suggests that cost structures or other expenses grew at a faster pace than top-line growth during the period, compressing overall profitability despite higher sales.

Director Re-appointments

The agenda includes several special resolutions regarding board composition:

• Dinesh Oswal: Shareholders will vote on his re-appointment as Managing Director for five years, effective January 1, 2027. His proposed remuneration includes a monthly salary scale of ₹45.00 lakh to ₹57.00 lakh and a commission of 2% of net profit.
• Satish Kumar Sharma: The Board seeks consent to continue his directorship as a Non-Executive Director after he attains the age of 75 years on September 4, 2027.
• Independent Directors: Dr. Yash Paul Sachdeva and Dr. Rajan Dhir are proposed for re-appointment as Independent Directors for a second term of five years, commencing August 24, 2027.

Non-Executive Directors Jawahar Lal Oswal and Kamal Oswal retire by rotation and offer themselves for re-appointment.

Voting and Logistics

Remote e-voting will be open from September 22 to September 24, 2026. Members can cast votes electronically through the CDSL e-voting platform. The facility allows participation for at least 1,000 members on a first-come, first-served basis, excluding large shareholders and promoters who have unrestricted access.

Annual Report Access

The company has dispatched web-links containing the complete Annual Report for FY26 to shareholders who have not registered their email addresses with the company or depositories. Shareholders can access the report and AGM notice via the company website under the Investors section.