Neil Industries board of directors approved the re-appointment of two key directors and replaced its internal auditor during a meeting held on August 12, 2026. The corporate action forms part of the preparations for the company's 43rd Annual General Meeting (AGM), scheduled for September 26, 2026.

Director Re-Appointments

The board approved the re-appointment of Mr. Anil Sharma (DIN: 00033372) as a Non-Executive Independent Director for a second consecutive term of five years. His tenure will commence from the conclusion of the 43rd AGM and end on the conclusion of the AGM in calendar year 2031, or upon the expiry of five years, whichever is earlier. This appointment is subject to shareholder approval via a Special Resolution.

Additionally, the board approved the re-appointment of Mr. Pankaj Kumar Mittal (DIN: 05190278), who is liable to retire by rotation. His re-appointment is also subject to shareholder approval at the ensuing AGM.

Internal Auditor Change

The board accepted the resignation of Ms. Deepanti Verma from the position of Internal Auditor with effect from August 12, 2026, citing personal reasons. Following her departure, the board appointed Mr. Suryansh Nigam as the new Internal Auditor for the remaining financial year 2026-27.

Mr. Nigam is a qualified Company Secretary and Associate Member of the Institute of Company Secretaries of India (ICSI). He holds a Bachelor's Degree in Commerce from Kanpur University and possesses skills in SEBI Regulations and the Companies Act, 2013.

AGM Logistics

The board approved the notice for the 43rd AGM, which will be held on September 26, 2026, at 11:00 am through Video Conferencing or Other Audio-Visual Means (VC/OAVM). Skyline Financial Services Private Limited has been authorized to conduct the meeting.

Key dates for shareholders include:

• Cut-off Date: September 18, 2026
• Book Closure Period: September 19, 2026 to September 26, 2026 (both days inclusive)
• Remote E-voting Window: September 23, 2026 (9:00 am) to September 25, 2026 (5:00 pm)

Mr. Anurag Fatehpuria, a Practicing Company Secretary, has been appointed as the Scrutinizer for the e-voting process.

Neil Industries Limited reported a net profit of ₹4.14 crore for the quarter ended June 30, 2026, representing a 26.2% increase compared to ₹3.28 crore in the corresponding quarter of the previous year. The non-banking financial company's total income for the period stood at ₹10.03 crore, driven primarily by interest income, which improved from ₹9.61 crore in the year-ago quarter.

The Board of Directors approved the unaudited financial results for Q1FY26 at a meeting held on July 15, 2026. The results were reviewed by the company's Audit Committee and subsequently approved by the board. M/s. R P Khandelwal & Associates, Jaipur, the statutory auditors, conducted a limited review of the results.

Total expenses for the quarter increased to ₹4.50 crore from ₹5.23 crore in the same period last year. Finance costs were recorded at ₹1.41 crore, while depreciation and amortization expenses stood at ₹0.96 crore. The company reported earnings per share (EPS) of ₹0.21 on a basic and diluted basis for the quarter, up from ₹0.17 in the corresponding quarter of the previous year.

Financial Performance Summary

The company stated that the financial results were prepared in accordance with the recognition and measurement principles of Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Companies Act, 2013. As a non-banking financial company, Neil Industries noted that there are no separate reportable segments as per Ind AS 108 on operating segments.