Nahar Poly Films Limited has approved the re-appointment of four Independent Directors for their second terms, subject to shareholder approval at the ensuing Annual General Meeting (AGM). The Board’s decision, based on the recommendation of the Nomination and Remuneration Committee, ensures continuity in corporate governance as the company navigates operational headwinds in Q1FY26. This procedural update accompanies the company’s recent declaration of a ₹1.50 per share dividend and its Q1FY26 financial results, which showed a 58% year-on-year decline in net profit to ₹6.23 crore.

The re-appointments were disclosed pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Dr. Anchal Kumar Jain will serve a second term of five consecutive years from May 25, 2027, to May 24, 2032. Dr. Roshan Lal Behl, Dr. Prem Lata Singla, and Dr. Rajan Dhir will serve identical five-year terms commencing on August 24, 2027, and ending on August 23, 2032. All directors have submitted declarations confirming they are not disqualified under Section 164 of the Companies Act, 2013, nor debarred by SEBI or any other authority.

Director Profiles and Tenure

The Board retained experienced professionals with strong academic and industry backgrounds. Dr. Anchal Kumar Jain, aged 67, brings over 40 years of teaching experience, having retired as Professor and Head of Soil and Water Engineering from Punjab Agricultural University. He holds B.Tech, M.Tech, and Ph.D. degrees.

Dr. Roshan Lal Behl, 69, is an M.Com, MBA (Financial Management), and Ph.D. holder with over 39 years of teaching experience. He retired as Principal from Sri Aurobindo College of Commerce and Management in November 2019 and served as Director of Ludhiana Stock Exchange from 2012 to 2014.

Dr. Prem Lata Singla, 70, has 24 years of experience in teaching and research, having served as Principal at Bahi Nagahia Singh Memorials. She holds B.Sc, M.Sc, and Ph.D. degrees. Dr. Rajan Dhir, 68, possesses over 39 years of experience in Business Management and Administration, holding an M.Sc., MBA, and Ph.D. in Management. He has authored various research papers on Corporate Governance.

Financial Context and AGM Details

The governance updates occur against a backdrop of softened demand and higher input costs, which led to a 19% contraction in standalone revenue from operations to ₹159.92 crore in Q1FY26. EBITDA declined to ₹152 million from ₹278 million year-on-year, with margins compressing to 9.48% from 14.00%. Despite this, the Board maintained the dividend payout, signaling confidence in cash flows supported by stable returns from associate companies, particularly Nahar Capital and Financial Services Limited, which contributed ₹5.46 crore to consolidated profits.

Shareholders will vote on these re-appointments during the 38th AGM. Remote e-voting facilities will be available from September 22, 2026, at 9:00 A.M. to September 24, 2026, at 5:00 P.M., with a cut-off date of September 18, 2026. Central Depository Services (India) Limited (CDSL) will facilitate the e-voting process and Video Conference/Other Audio-Visual Means (VC/OAVM) participation. The Register of Members will remain closed from September 5, 2026, to September 9, 2026, for dividend payment purposes.

Nahar Poly Films reported an 88% rise in standalone net profit to ₹682.67 crore for the financial year ended March 31, 2026, compared to ₹363.61 crore in the previous year. Revenue from operations for the year increased to ₹7,042.02 crore from ₹6,659.37 crore in FY25. For the quarter ended March 31, 2026, the standalone net profit stood at ₹198.21 crore versus ₹130.59 crore in the same quarter of the previous year, while revenue from operations was ₹1,676.78 crore compared to ₹1,566.40 crore year-on-year.

The Board of Directors, at its meeting held on May 28, 2026, approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The board recommended a dividend of ₹1.50 per equity share, equivalent to 30% of the face value of ₹5 each, for FY26. This dividend is subject to the approval of shareholders at the ensuing Annual General Meeting.

Key Financial Metrics

The following table outlines the standalone financial performance for the quarter and year ended March 31, 2026:

The company's total assets stood at ₹6,766.20 crore as of March 31, 2026, up from ₹6,269.69 crore in the previous year. Total equity increased to ₹5,434.67 crore from ₹4,806.80 crore over the same period.

Q4 EBITDA Performance

The company's quarterly operational performance showed notable improvement, with Q4 EBITDA and margin expanding significantly on a year-on-year basis. The following table summarises the key Q4 operational metrics:

Management Appointments

The board approved the appointment of Ms. Sakshi Maheshwari as Company Secretary & Compliance Officer and designated her as Key Managerial Personnel with effect from May 28, 2026. Ms. Maheshwari is an Associate Member of the Institute of Companies Secretaries of India and holds a Bachelor's degree in Commerce.

Auditor and Compliance

The statutory auditors, M/s YAPL & Co, Chartered Accountants, issued an audit report with an unmodified opinion on the standalone and consolidated audited financial results for the year ended March 31, 2026. The financial results were reviewed by the Audit Committee and subsequently approved by the Board.