Nahar Industrial Enterprises Limited has incorporated Ranchi Logipark Private Limited, a wholly owned subsidiary, to enter the warehousing and storage business. The entity was incorporated on October 14, 2026, with an initial paid-up share capital of ₹1,00,000.

The company filed the intimation with stock exchanges on October 15, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The new subsidiary will operate as a related party to the parent company, though the promoter group holds no other interest in the transaction beyond the 100% ownership stake held by Nahar Industrial Enterprises Limited.

Subsidiary Details

Ranchi Logipark Private Limited is yet to commence operations, resulting in nil turnover since its incorporation. The subsidiary’s authorized and paid-up share capital stands at ₹1,00,000 each. Nahar Industrial Enterprises Limited subscribed to 10,000 equity shares of ₹10 each at par value, aggregating to the total investment amount.

Regulatory and Financial Context

The incorporation does not require specific governmental or regulatory approvals beyond standard corporate filings. The consideration for the acquisition of shares is cash, which remains unpaid as of the filing date. Since the entity is newly formed, historical turnover data for the last three years is not applicable.

The move signals a diversification into logistics infrastructure, distinct from the company's primary industrial activities. As a wholly owned subsidiary, Ranchi Logipark Private Limited will be consolidated in the financial statements of Nahar Industrial Enterprises Limited. No other promoter or promoter group entities hold any interest in this specific venture.

Nahar Industrial Enterprises Limited passed all 8 resolutions at its 42nd Annual General Meeting (AGM) held on September 29, 2026, via Video Conferencing (VC) and Other Audio Visual Means (OAVM), with 24,492 shareholders on the cut-off date.

The meeting commenced at 11:45 am and concluded at 12:10 pm. A total of 47 shareholders attended through VC/OAVM — 19 from the promoter and promoter group, and 28 from the public. Remote e-voting was facilitated through Central Depository Services (India) Ltd. (CDSL) from September 26, 2026, to September 28, 2026. P S Bathla of P S Bathla & Associates served as the Scrutinizer, with votes unblocked on September 29, 2026, at 12:40 pm in the presence of two witnesses.

Key resolutions passed

All resolutions — four ordinary and four special — were carried with the requisite majority. The following table summarises the resolutions and their voting outcomes:

Director re-appointments

Shareholders approved the re-appointment of Sh. Dinesh Gogna and Sh. Navdeep Sharma, both non-executive directors who retired by rotation and offered themselves for re-appointment. The filing confirmed that neither director has been debarred from holding office by SEBI or any other authority.

Special resolutions and notable disclosures

For the special resolution on minimum remuneration to Managing Director Kamal Oswal, 1,294 votes held by Kamal Oswal were excluded from the total votes cast as he was deemed interested in the resolution. The loans and guarantees resolution under Section 185 of the Companies Act, 2013 recorded the highest opposition among all resolutions, with 1,595 votes against, representing 0.01% of valid votes polled.

Meeting proceedings and compliance

Chairman Jawahar Lal Oswal addressed members on business performance, financials, and initiatives in warehousing and real estate. The meeting was held in compliance with Section 96 of the Companies Act, 2013 and relevant circulars from the Ministry of Corporate Affairs (MCA) and SEBI, under Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Auditor and secretarial status

The Company Secretary informed members that the Statutory Auditors' Report for FY26 did not contain any qualifications or adverse remarks. The Secretarial Audit Report for the year under review similarly contained no observations or adverse remarks. One shareholder, Mr. Deepak Maheshwari, submitted queries which were addressed by Vice Chairman-cum-Managing Director Kamal Oswal during the session.