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.

Narendra Properties reported a net profit of ₹88.48 lakh for the quarter ended June 30, 2026, rising 14.6% year-on-year from ₹77.21 lakh in Q1FY25. The improvement was driven by an increase in other income, which stood at ₹123.95 lakh compared to ₹80.38 lakh in the prior year period, while revenue from operations remained nil. The Board of Directors approved the unaudited financial results on August 11, 2026, following a review by the statutory auditors, M/s Sanjiv Shah & Associates LLP.

The company’s total income from operations was ₹123.95 lakh, entirely comprising other income, as no operational revenue was recorded. Total expenses amounted to ₹35.53 lakh, down from ₹278.33 lakh in Q1FY25, primarily due to lower cost of materials consumed and changes in inventories. The net profit before tax was ₹88.42 lakh, with a nominal tax benefit of ₹0.06 lakh resulting in the final net profit figure. Earnings per share (basic and diluted) rose to ₹1.25 from ₹1.09 in the corresponding quarter last year.

Financial Performance Overview

The significant decline in total expenses compared to the previous year is attributable to the absence of material costs and inventory changes associated with operational projects, which were present in Q1FY25. In the current quarter, employee benefits expense remained stable at ₹14.47 lakh, while depreciation and amortisation expense increased slightly to ₹2.25 lakh from ₹0.88 lakh in the prior year period.

What the Numbers Show

The financial results highlight a shift in the company’s income composition for Q1FY27. With zero revenue from operations, the entire profit margin is derived from other income sources, such as interest or investment returns. This contrasts with Q1FY25, where operational revenue contributed significantly to the top line, albeit with higher associated costs. The ability to maintain profitability despite nil operational activity suggests strong underlying asset management or investment performance during the quarter.

In addition to the financial results, the Board approved several administrative matters. These include the re-appointment of Mr. Nishank Sakariya as a director liable to retire by rotation and the re-appointment of Ms. Kavita Patel as an Independent Director for a second term from December 27, 2026, to December 26, 2031. The Board also authorized investments, loans, and guarantees up to ₹50 crore under Section 186 of the Companies Act, 2013, subject to shareholder approval. The 31st Annual General Meeting is scheduled for September 29, 2026, with M/s Sneha Jain & Associates appointed as scrutinizers for electronic voting.