NBI Industrial Finance sets Aug 21 AGM for ₹0.75 dividend and director polls

NBI Industrial Finance Company has scheduled its 91st Annual General Meeting (AGM) for Friday, August 21, 2026, to seek shareholder approval for a dividend of ₹0.75 per equity share and the re-appointment of two retiring directors. The Board of Directors recommended the 15% dividend on shares with a face value of ₹5 each during its meeting on May 13, 2026. Shareholders holding units as of the record date on Friday, August 14, 2026, will be eligible to receive the payout, subject to deduction of tax at source (TDS) and final ratification at the meeting.

The AGM agenda includes ordinary business items such as the adoption of the Annual Audited Financial Statements for the financial year ended March 31, 2026, and the fixation of remuneration for Statutory Auditors M/s. R Kothari & Co LLP, Chartered Accountants, for the year ending March 31, 2027. The company notified the National Stock Exchange of India Ltd on July 25, 2026, pursuant to Regulation 34(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring compliance with disclosure norms.

Key Governance Resolutions

Shareholders will vote on special resolutions to re-appoint two directors who are retiring by rotation. Both appointees have attained the age of seventy-five years and require shareholder consent under Regulation 17(1A) of the SEBI Listing Regulations.

Director Name	DIN	Role	Age
Bankat Lal Gaggar	00404123	Non-Executive Non-Independent Director	85 Years
Jagdish Prasad Mundra	00630475	Non-Executive Non-Independent Director	82 Years

Additionally, the meeting will consider the re-appointment of Sundrapandiyapuram Pichumani Kumar as Manager and Chief Financial Officer (CFO) for a period of two years commencing from September 27, 2026. This resolution is classified as a Special Resolution because the appointee will attain the age of 70 years during his tenure. His basic salary is set at ₹1,32,890 per month, along with other allowances including house rent and medical benefits.

Dividend and Voting Details

The dividend payment, if approved, will be disbursed on or after Monday, August 24, 2026. The company has fixed Friday, August 14, 2026, as the cut-off date for determining voting rights and dividend entitlements. Remote e-voting will be facilitated by Central Depository Services (India) Limited (CDSL), with the voting period running from 10:00 A.M. on Tuesday, August 18, 2026, to 5:00 P.M. on Thursday, August 20, 2026.

Mr. Rohit Kumarr Mundhra, a Practicing Chartered Accountant from M/s. ASRM & Co., has been appointed as the Scrutinizer to oversee the e-voting process. The results will be declared immediately after the conclusion of the AGM. Shareholders holding physical shares are advised to ensure their folios are KYC compliant, including updated PAN and bank details, to receive dividends electronically as mandated by SEBI circulars effective April 1, 2024.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.27%	+4.38%	+18.90%	+5.67%	-23.66%	-2.45%

nbi industrial finance company shareholders have approved the alteration of the company's Memorandum of Association through a special resolution. The resolution received 99.88% of votes in favour, securing the requisite majority for passage. This approval authorizes the company to amend its constitutional documents to reflect changes in its objectives and structure.

The remote e-voting process was conducted by Central Depository Services (India) Limited (CDSL) as the authorized agency. A total of 65 folios participated, representing 2,464,770 shares. The voting period commenced on May 26, 2026, and concluded on June 24, 2026.

Rohit Kumarr Mundhra, a Chartered Accountant in whole-time practice, was appointed as the Scrutinizer to oversee the process. The Scrutinizer's responsibility was restricted to reporting the votes cast in favour or against the resolution based on the report generated from the e-voting system. The votes were unblocked in the presence of two witnesses not in the employment of the company.

The Postal Ballot Notice was sent to members whose names appeared in the Register of Members or List of Beneficial Owners as on the cut-off date of May 22, 2026. The resolution was put to vote to approve the alteration in the Memorandum of Association of the Company.

Voting Results

The special resolution was passed with an overwhelming majority, with only 0.12% of votes cast against the proposal. No abstained or invalid votes were recorded during the process.