Neelkanth Limited board approved the annual report for FY26 and scheduled its 46th annual general meeting for September 21, 2026. The company also appointed a scrutinizer for the e-voting process.

The Board of Directors held its meeting on August 24, 2026, commencing at 1:30 pm and concluding at 2:00 pm. During the session, directors approved the Directors' Report along with annexures, including the secretarial audit report and the Management Discussion and Analysis Report for the financial year ended March 31, 2026.

AGM Logistics and Voting Details

The 46th Annual General Meeting will be convened on Monday, September 21, 2026, at 11:15 am via video conferencing or other audio-visual means. CS Hemanshu Upadhyay, proprietor of M/s HRU & Associates, has been appointed as the scrutinizer for the e-voting process.

Remote e-voting will commence on Friday, September 18, 2026, at 9:00 am and end on Sunday, September 20, 2026, at 5:00 pm. Shareholders must be on record as of Monday, September 14, 2026, to be eligible to vote through remote e-voting.

Register Closure

The Register of Members and Share Transfer Book will remain closed from Tuesday, September 15, 2026, to Monday, September 21, 2026, both days inclusive. This closure facilitates the preparation of the register for the annual general meeting.

Business Agenda and Director Reappointment

The primary ordinary business includes receiving, considering, and adopting the Audited Financial Statements for the financial year ended March 31, 2026, along with the reports of the Board of Directors and Auditors.

Additionally, shareholders will vote on the reappointment of Mrs. Asha Y. Dawda (DIN: 06897196) as a director. She retires by rotation and, being eligible, has offered herself for reappointment. Mrs. Dawda, aged 63, holds a Bachelor of Commerce degree and brings 30 years of experience in administration, management, trading, and marketing. She was first appointed to the board on July 13, 2014, and attended 11 board meetings during FY25-26. She currently serves on the Nomination and Remuneration Committee of Asian Warehousing Limited.

Participation Guidelines

In compliance with Ministry of Corporate Affairs circulars, the AGM is being held through Video Conferencing or Other Audio-Visual Means without physical presence. The deemed venue is the company's registered office in Mumbai. Proxies are not accepted for this virtual meeting. Institutional shareholders must submit scanned copies of board resolutions authorizing their representatives to vote.

Members are advised to update their KYC details, including PAN, bank account information, and nominations, with the Registrar and Transfer Agent, MUFG Intime India Private Limited, to avoid folio freezing or payment restrictions.

Neelkanth Limited reported a return to profitability in its first quarter of FY27, posting a standalone net profit of ₹9.08 lakh before tax and exceptional items for the quarter ended June 30, 2026. This marks a significant turnaround from the net loss of ₹10.26 lakh recorded in the preceding quarter (Q4FY26) and a loss of ₹14.52 lakh in the same period last year.

The improvement in the bottom line was supported by a substantial increase in operational revenue. Total income from operations (net) surged to ₹115.87 lakh, compared to just ₹2.98 lakh in Q4FY26 and ₹0.29 lakh in Q1FY26. This sharp rise in top-line activity drove the company’s basic earnings per share (EPS) to ₹0.15, up from a loss per share of ₹0.39 in the previous quarter.

Financial Performance

The company’s financial results for the quarter were reviewed by the Audit Committee and approved by the Board of Directors on August 13, 2026. The unaudited results have been filed with the Bombay Stock Exchange pursuant to SEBI Listing Obligations and Disclosure Requirements Regulations.

After accounting for tax and exceptional items, the net profit for the period was ₹6.56 lakh. In contrast, the company reported a net loss of ₹16.97 lakh after tax and exceptional items in Q4FY26. For the full fiscal year ended March 31, 2026, Neelkanth had reported an audited net profit of ₹24.75 lakh on total income of ₹387.68 lakh.

What the Numbers Show

The divergence between operational income and net profit highlights the impact of non-operational factors on the company’s bottom line. While total income from operations rose to ₹115.87 lakh, the pre-tax profit before exceptional items was only ₹9.08 lakh. This suggests that operating expenses or other costs consumed the majority of the operational revenue during the quarter. Furthermore, the gap between the pre-tax profit before exceptional items (₹9.08 lakh) and the final post-tax profit after exceptional items (₹6.56 lakh) indicates that exceptional items reduced the overall profitability by approximately ₹2.52 lakh in the quarter.