Narendra Properties Limited has approved related-party transactions to engage its Non-Executive Director and two promoters as consultants, alongside the re-appointment of an Independent Director. The Board of Directors, acting on recommendations from the Audit Committee and the Nomination & Remuneration Committee, authorized these engagements under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The consultancy agreements are effective from January 1, 2027, through December 31, 2027, while the director’s re-appointment begins on December 27, 2026.

The Board authorized specific remuneration structures for the three consultants. Mr. Nishank Sakariya, Non-Executive Director, will receive monthly remuneration not exceeding ₹2,50,000. Mr. Narendra C Maher, Promoter and father of Managing Director Chirag N Maher, and Mr. Narendra Sakariya, Promoter and father of Director Nishank Sakariya, will each receive annual remuneration not exceeding ₹900,000. These fees are subject to Board approval from time to time.

In addition to the consultancy approvals, the Board approved the re-appointment of Ms. Kavita Patel (DIN: 09433199) as an Independent Director for a second consecutive term of five years. Her tenure will run from December 27, 2026, to December 26, 2031. Ms. Patel is not liable to retire by rotation during this term. She holds registration number IDDB-NR-202112-040136 in the Independent Directors Data Bank and has cleared the proficiency test administered by the Indian Institute of Corporate Affairs.

Ms. Patel brings expertise in aesthetic interior design, project conceptualization, financial management, and client acquisition relevant to the construction industry. The disclosure confirms she is not related to any other directors of the company and is not debarred from holding office by SEBI or any other authority.

The Board also authorized investments, loans, and guarantees beyond the limits prescribed under Section 186 of the Companies Act, 2013, up to a sum of ₹50 Crores. Chirag N Maher, Managing Director, and Rishabh Haran, Company Secretary and Compliance Officer, are authorized to determine materiality and make disclosures to stock exchanges pursuant to Regulation 30(5).

Narendra Properties has scheduled its 31st Annual General Meeting (AGM) for Tuesday, September 29, 2026, to be conducted through Video Conferencing (“VC”) and Other Audio-Visual Means (“OAVM”). The Board of Directors has recommended a dividend of ₹1 per equity share of ₹10 each, constituting approximately 10% of the fully paid-up value, to be declared by shareholders at the meeting. This payout is significant for income-focused investors, with payments scheduled to reach eligible shareholders on or before October 28, 2026. The company will hold the book closure from Friday, September 18, 2026, through Tuesday, September 29, 2026, both days inclusive, determining eligibility based on the beneficiary position as of September 18.

The electronic voting process for the AGM will commence at 10:00 AM on Saturday, September 26, 2026, and conclude at 5:00 PM on Monday, September 28, 2026. To participate in electronic voting, shareholders must be registered in the company’s books as of the cut-off date, Tuesday, September 22, 2026. Voting will be facilitated via the Central Depository Services Limited (CDSL) platform at www.evotingindia.com , under Electronic Voting System Number (EVSN) 260811006. The Managing Director, Chirag N. Maher, signed the notice submitted to the Bombay Stock Exchange on August 11, 2026.

Key Dates and Schedule

Dividend Details

The recommended dividend of ₹1 per equity share applies to all eligible shareholders whose names appear on the register of members as of the book closure start date, September 18, 2026. The payment timeline ensures that funds are disbursed within 30 days of the AGM, adhering to standard regulatory timelines for dividend distribution. The dividend yield calculation depends on the market price of the equity shares at the time of investment, but the fixed payout amount remains ₹1 per share.

What the Numbers Show

The recommendation of a ₹1 dividend on a ₹10 face value share indicates a conservative but consistent approach to shareholder returns. By setting the book closure period to include the AGM date itself, the company aligns its eligibility criteria with the final day of shareholder presence, ensuring that only those registered up to the last moment of the meeting are considered for the payout. The use of VC/OAVM for the AGM reflects ongoing adoption of digital governance tools, allowing broader participation without physical venue constraints.