Nahar Spinning Mills Ltd has proposed the re-appointment of Dinesh Oswal as Managing Director and Dr. Yash Paul Sachdeva and Dr. Anchal Kumar Jain as Independent Directors, effective from 2027. The Board of Directors made the decision based on recommendations from the Nomination and Remuneration Committee, ensuring continuity in leadership and independent oversight for the textile manufacturer.

The proposals were disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company notified the National Stock Exchange of India Limited and The Bombay Stock Exchange Limited on August 05, 2026. All appointments are subject to approval by shareholders at the ensuing Annual General Meeting.

Board Appointments

The Board proposed the following re-appointments:

Dinesh Oswal will serve a further period of five consecutive years commencing January 1, 2027. Dr. Yash Paul Sachdeva and Dr. Anchal Kumar Jain will serve their second term of five consecutive years commencing August 24, 2027.

Director Profiles

Dinesh Oswal, aged 61, is a commerce graduate with more than 41 years of business experience in the textile industry and financial expertise. He manages the day-to-day affairs of the company under the direction of the Board. He is the son of Jawahar Lal Oswal, who serves as Director and Chairman, and the brother of Kamal Oswal, also a Director of the company.

Dr. Yash Paul Sachdeva, aged 64, holds an MBA in Financial Management and a Ph.D. in Capital Markets and Investment Management. He is an educationist and Corporate Advisor with more than 30 years of experience in Business Management and Administration. He retired as Professor in the Business Administration Department of Punjab Agriculture University, Ludhiana.

Dr. Anchal Kumar Jain, aged 64, holds a B.Tech, M.Tech, and Ph.D. in Soil and Water Engineering. He has more than 40 years of experience in teaching, research, and academic administration. He retired as Professor and Head (Soil and Water Engineering) from Punjab Agriculture University and served as Professor at Lovely Professional University, Phagwara.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. All three directors have submitted declarations stating they are not disqualified from holding office under Section 164 of the Companies Act, 2013. None of the directors are debarred by any SEBI order or other authority.

Nahar Spinning Mills Limited has fixed September 4, 2026, as the record date for the payment of a dividend of ₹1.00 per equity share of ₹5 each. The declaration applies to the financial year ended March 31, 2026, and determines eligibility for shareholders who wish to receive the payout. Investors holding shares on or before the close of business on September 4 will be entitled to the dividend, provided it receives final ratification at the company’s 46th Annual General Meeting (AGM). This move ensures that eligible members are identified clearly before the distribution process begins, offering transparency to stakeholders regarding their entitlements.

The Board of Directors recommended the dividend, which remains subject to shareholder approval at the AGM. To facilitate the accurate identification of beneficiaries, the Register of Members and Share Transfer Books will remain closed from September 5, 2026, to September 9, 2026, both days inclusive. During this book closure period, no transfer of shares will be registered, ensuring that the list of shareholders remains static for the purpose of dividend disbursement. The company emphasized that payments will be made to those whose names appear in the Register of Members or the Register of Beneficial Owners maintained by depositories as of the close of business on September 4.

In compliance with Section 108 of the Companies Act, 2013 and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Nahar Spinning Mills is enabling remote e-voting for its shareholders. The remote e-voting window will open on September 22, 2026, at 9:00 am and close on September 24, 2026, at 5:00 pm. To determine voting eligibility, the company has set September 18, 2026, as the cut-off date. Shareholders holding units on this date will be able to cast their votes electronically on the resolutions proposed, including the dividend approval.

Central Depository Services (India) Limited (CDSL) has been engaged to conduct the AGM via Video Conferencing or Other Audio-Visual Means (VC/OAVM) and to provide the e-voting facility. This arrangement aligns with regulatory requirements aimed at enhancing shareholder participation and transparency in corporate governance processes. The integration of CDSL’s platform ensures a secure and accessible voting mechanism for all eligible investors.

Key Dates for Shareholders

Regulatory Compliance

The announcement was made pursuant to Section 91 of the Companies Act, 2013, and Regulation 42 of the SEBI (LODR) Regulations, 2015. These regulations mandate timely disclosure of record dates and dividend details to ensure fair access to information for all market participants. By adhering to these norms, Nahar Spinning Mills reinforces its commitment to statutory compliance and investor protection. The company secretary, Brij Sharma, signed off on the communication, underscoring the formal nature of the disclosure.

What This Means for Investors

For retail and institutional investors, the fixed record date provides a clear timeline for decision-making. Those intending to sell their holdings should note that transactions executed after September 4 will not qualify for the current dividend cycle. Conversely, buyers acquiring shares before the cut-off may benefit from the upcoming payout if approved. The separation of the dividend record date and the e-voting cut-off date allows for distinct administrative processes, reducing operational overlap and potential errors in beneficiary identification.