National Standard (India) Limited shareholders approved all seven resolutions at its 63rd annual general meeting held on August 28, 2026. The meeting, conducted via video conferencing, saw high participation from non-institutional public investors.

The company reported that 97.08% of the total outstanding shares were voted on the resolutions. Remote e-voting commenced on August 25, 2026, and concluded on August 27, 2026. The meeting was attended by 30 members, including representatives of statutory and secretarial auditors.

Key Resolutions Passed

Shareholders approved ordinary and special resolutions covering financial statements, board appointments, and auditor ratification. The key outcomes include:

• Adoption of audited financial statements for FY26.
• Re-appointment of Mr. Kurian Arimpur as a director.
• Appointment of M/s. Walker Chandiok & Co LLP as statutory auditors.
• Appointment of Mr. Vikas Jain as a non-executive non-independent director.
• Appointment of Mr. Sanjay Bahad and re-appointment of Ms. Ritika Bhalla as independent directors.
• Approval of material related-party transactions with Cowtown Infotech Services Limited.

Voting Breakdown

The promoter group, holding 14,788,099 shares, voted in favor of all resolutions except the related-party transaction, where they abstained as required by regulations. Non-institutional public shareholders, holding 5,211,811 shares, participated actively, casting votes on 88.79% of their holdings.

What the Numbers Show

The voting data reveals a distinct bifurcation in shareholder engagement based on shareholding category. While the promoter group cast 100% of its votes on all non-conflicted resolutions, institutional public shareholders (holding 90 shares) did not vote on any resolution. Conversely, non-institutional public shareholders drove the majority of the retail participation, with nearly 89% of their eligible votes cast. This suggests that active retail investors, rather than institutional blocks, are the primary drivers of minority shareholder engagement in this corporate action.

Narinder Pal Singh Shinh and his Persons Acting in Concert (PACs) have disposed of a 2.53% stake in National Standard (India) Ltd through open market transactions. The sale involved 506,685 equity shares, executed on August 18, 2026.

The disposal was disclosed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as the change in shareholding exceeded the 2% threshold. The filing was submitted to the BSE Limited on August 21, 2026.

Shareholding Changes

Prior to the transaction, Narinder Pal Singh Shinh held 936,062 shares, representing 4.68% of the company's total voting capital. Following the sale, his individual holding decreased to 429,377 shares, or 2.15%.

The seller is not part of the promoter group. The transaction mode was identified as open market sale. There were no encumbrances, pledges, or liens on the shares sold.

Aggregate Holding

The disclosure includes details for three PACs: Gurpreet Kaur Shinh (spouse), Manita Shinh (daughter), and Harsimran Shinh (daughter). None of the PACs participated in the sale during this period.

The combined holding of the seller and PACs fell from 12.09% to 9.56%. The group's initial shareholding exceeded the 5% threshold, triggering the mandatory disclosure requirement.

What the Numbers Show

The disposal represents a significant reduction in the group's exposure, with the entire sell-off attributed to the primary shareholder, Narinder Pal Singh Shinh. The PACs maintained their positions unchanged, indicating the divestment decision was driven solely by the seller's individual portfolio adjustments rather than a coordinated exit by the family unit.