Naperol Investments Limited has provided a web-link for its Annual Report for FY26 and the notice for its 72nd Annual General Meeting. The company notified members who have not registered email addresses under Regulation 30 of the SEBI Listing Regulations.

The AGM is scheduled for Wednesday, September 16, 2026, at 2:00 pm through Video Conference or Other Audio Visual Means. The venue is deemed to be the registered office in Mumbai. This communication serves shareholders who lack registered email IDs with the company, depositories, or the Registrar and Share Transfer Agent.

Meeting and Report Details

The notice convening the meeting was dated August 3, 2026. The annual report and AGM notice are available on the company website and the National Securities Depositories Limited portal for electronic voting. BSE Limited also hosts the information.

KYC and Compliance Updates

The company reminded physical security holders to update their Know Your Customer details pursuant to Master Circular No. HO/38/13/(4)2026-MIRSD-POD/I/4298/2026 dated February 6, 2026. The circular mandates recording PAN, address, mobile number, bank account details, specimen signature, and nomination choice.

Payments such as dividends will be made only through electronic mode for folios missing these details, effective from April 1, 2024. Shareholders are encouraged to dematerialise physical securities and register email IDs to avail online services. Forms ISR-1, ISR-2, ISR-3, SH-13, and SH-14 are available on the company and RTA websites.

Naperol Investments reported a net profit of ₹1,068.91 crore for the financial year ended March 31, 2026, marking a 1.3% increase from ₹1,055.43 crore in the previous year. Total revenue grew 33.1% to ₹2,679.75 crore, driven by higher trading activity and investment income.

The company’s board has recommended a final dividend of ₹16.48 per equity share for shareholder approval at the upcoming annual general meeting (AGM). This follows an interim dividend of ₹3.00 per share paid earlier in the year.

Financial Performance

Revenue from operations rose to ₹2,672.37 crore from ₹1,957.15 crore in FY25. The growth was supported by a significant expansion in traded goods sales, which reached ₹1,360.62 crore compared to ₹556.13 crore in the prior year. Dividend income remained stable at ₹1,142.22 crore.

Despite the revenue surge, EBITDA declined to ₹1,111.41 crore from ₹1,172.19 crore, causing the EBITDA margin to contract to 41.47% from 58.20%. The margin compression was attributed to a proportionately higher increase in the cost of goods sold relative to revenue growth.

What the Numbers Show

The divergence between top-line growth and bottom-line stability highlights a shift in the company's cost structure. While trading revenues more than doubled, operating expenses rose sharply, limiting the translation of sales growth into earnings. The net profit ratio fell to 39.88% from 52.41%, indicating that the incremental revenue generated by the expanded trading operations carried lower margins than the existing investment income base.

Balance Sheet and Dividends

Net worth decreased to ₹91,691.79 crore from ₹1,16,356.09 crore, primarily due to unrealised fair value losses on equity investments measured at FVOCI. Cash and cash equivalents stood at ₹85.58 crore, down from ₹337.16 crore, reflecting dividend payouts and working capital adjustments. The company remains debt-free with no long-term borrowings.

The AGM is scheduled for September 16, 2026, where shareholders will also vote on the re-appointment of Chairman Ness N. Wadia and the appointment of Deepak Kumar as Manager.