National Fittings Limited has purchased 4.5 acres of agricultural land in Vadodara, Gujarat, for a total consideration of ₹4.65 crore. The acquisition, executed on October 21, 2026, involves a parcel measuring approximately 19,020 square meters situated in Mudhela Village.

The company entered into a sale agreement with Girishbhai Ishvarbhai Patel and three other individuals for the property located at R.S. 302, Khakariya Road. The stated purpose of the purchase is for the general use of the company, with the entire consideration funded through internal accruals. The amount is exclusive of stamp duty, registration charges, and applicable taxes.

Transaction details

The disclosure filed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, confirms that the counterparties are not related to the promoter or promoter group. Consequently, the transaction does not qualify as a related party transaction and requires no arm's length pricing justification in that context. There are no significant impacts on the management or control of the listed entity arising from this acquisition.

Regulatory compliance

The intimation regarding the property purchase was submitted to BSE Limited on October 21, 2026. The company confirmed that no nominee directors or potential conflicts of interest arise from this agreement. The details have been made available on the company's website as per regulatory requirements.

National Fittings Limited shareholders overwhelmingly approved the company's financial results for FY26 and declared a dividend at its 33rd Annual General Meeting. All three ordinary resolutions passed with 99.99% support.

The National Fittings meeting was conducted through video conferencing on September 16, 2026. The scrutinizer's report confirms that remote e-voting concluded on September 15, 2026, while venue e-voting took place during the session.

Voting Results

B. Krishnamoorthi, a practicing Chartered Accountant appointed as scrutinizer, unblocked the votes on September 16, 2026, around 12:24 pm in the presence of two independent witnesses. A total of 4,631 shareholders were eligible to vote as of the cut-off date of September 9, 2026.

The voting breakdown for each resolution is as follows:

All resolutions were passed with the requisite majority under Section 108 of the Companies Act, 2013. National Securities Depository Limited (NSDL) served as the e-voting service provider, while MUFG Intime India Private Limited acted as the registrar and share transfer agent.

Meeting Proceedings

Susheela Balakrishnan, an independent director, delivered the welcome address before handing over the chair to Jayaram Govindarajan. Company Secretary S Aravinthan initiated the formal proceedings.

Key attendees included directors Anil Kumar Agarwal, Atpit Agarwal, Chenniappan Selvakumar, and Jayaram Govindarajan. Statutory auditor M/s Krishnaan & Company was represented by Mr Rathinamoorthy.

Chairman's Address

In his speech, Jayaram Govindarajan reviewed the company's operations during FY25-26 and outlined business plans for the upcoming fiscal year 2026-27. Six shareholders registered as speakers, raising queries regarding future business prospects and company performance, which were addressed by Managing Directors Jayaram Govindarajan and Arpit Agarwal.

The meeting concluded at 11:30 am. The results have now been officially certified by the scrutinizer.