ND Metal Industries adopts FY26 results, appoints new independent director
- ND Metal Industries adopted FY26 audited financial statements on September 30, 2026
- Ms. Nikita Goyal appointed as Additional Director (Independent Director)
- M/s Suvarna & Katdare appointed as Statutory Auditors until 2029
- Mrs. Harsh Rekha Garg reappointed as director following retirement by rotation
*this image is generated using AI for illustrative purposes only.
ND Metal Industries Limited concluded its 40th Annual General Meeting on September 30, 2026, adopting audited financial statements for FY26 and appointing Ms. Nikita Goyal as an independent director.
The meeting, held at the company's registered office in Mumbai, saw the reappointment of Mrs. Harsh Rekha Garg and the engagement of M/s Suvarna & Katdare as statutory auditors for a five-year term ending in 2029. All resolutions passed with requisite majority through remote e-voting and e-voting at the venue.
Key Resolutions Passed
Shareholders approved several ordinary and special business items during the proceedings:
- Adoption of Financials: The Board received, considered, and adopted the Audited Financial Statements for the financial year ended March 31, 2026, along with the Reports of the Board of Directors and the Auditors.
- Director Reappointment: Mrs. Harsh Rekha Garg (DIN: 00846444), who retired by rotation, was reappointed as a director.
- Auditor Appointment: M/s Suvarna & Katdare, Chartered Accountants, were appointed as Statutory Auditors to hold office from this AGM until the sixth ensuing AGM in 2029.
- Independent Director Appointment: Ms. Nikita Goyal (DIN: 10339833) was appointed as an Additional Director (Independent Director).
Meeting Proceedings and Voting
Mr. Ajay Kumar Garg, Managing Director and Chairman, chaired the meeting which commenced at 1:00 pm and concluded at 3:30 pm. A total of 35 members were present in person or by proxy. The requisite quorum was present throughout the proceedings.
Voting was conducted exclusively via remote e-voting and e-voting at the meeting, in compliance with Section 108 of the Companies Act, 2013, and Regulation 44 of SEBI (LODR) Regulations, 2015. Ms. Priyanka Singh served as the Scrutinizer for the voting process.
| Item | Resolution Status |
|---|---|
| Adoption of FY26 Financial Statements | Passed with requisite majority |
| Reappointment of Mrs. Harsh Rekha Garg | Passed with requisite majority |
| Appointment of Statutory Auditor | Passed with requisite majority |
| Appointment of Ms. Nikita Goyal | Passed with requisite majority |
No questions were raised by members during the open forum. The meeting concluded with a vote of thanks to the chair.
How might the specific expertise of newly appointed independent director Ms. Nikita Goyal influence ND Metal Industries' strategic direction in the coming fiscal year?
What impact will the five-year tenure of new statutory auditors M/s Suvarna & Katdare have on the company's long-term financial reporting stability and investor confidence?
Given the absence of shareholder questions, what underlying operational or market concerns might management need to proactively address in upcoming quarterly earnings calls?
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