Nexxus Petro Industries concluded its 5th Annual General Meeting on September 29, 2026. The meeting was conducted entirely through video conferencing in compliance with regulatory guidelines.

The Board of Directors, led by Chairman and Managing Director Haresh Mohanlal Senghani, addressed shareholders regarding the company's financial performance for the year under review. All directors were present at the virtual meeting. The proceedings commenced at 12:00 pm and concluded at 12:10 pm.

Resolutions Passed

Shareholders considered and passed several ordinary and special business resolutions. The ordinary business included the adoption of audited financial statements for the financial year ended March 31, 2026. Additionally, Rahul Mohanlal Senghani was reappointed as a director retiring by rotation.

The special business focused on governance and operational continuity:

• Ratification of remuneration for the cost auditor for FY27.
• Approval of related party transactions with Nextg Petrochem LLP, Jignesh Senghani, Haresh Senghani, and Vijayaben Senghani for FY27.
• Reappointment of Haresh Mohanlal Senghani as Managing Director.
• Reappointment of Rahul Mohanlal Senghani as Whole-time Director.

Meeting Proceedings and Voting

The meeting was chaired by Haresh Mohanlal Senghani. Company Secretary Zehra Ghadiali briefed members on general instructions, noting that the Annual Report was circulated electronically. A question-and-answer session was conducted for registered speakers.

Voting results for remote e-voting and e-voting during the meeting will be declared separately by the scrutinizer, Nihar Sheth. The results will be uploaded to the company website and the BSE portal. Statutory registers remained open for inspection by members during the meeting period.

Nexxus Petro Industries approved its financial results and annual report for FY26 at a Board of Directors meeting held on September 4, 2026. The session, convened at its registered office in Ahmedabad, also finalized the notice for the fifth Annual General Meeting (AGM).

The board reviewed and adopted the Board’s Report and necessary annexures for the fiscal year ended March 31, 2026. Directors also considered the appointment of an Internal Auditor for FY27 and took on record the Secretarial Audit Report and Internal Audit Report for FY26 to ensure regulatory compliance.

Financial Performance

Despite challenging market conditions and geopolitical disruptions affecting imported bitumen supply, the company reported resilient profitability. Revenue from operations stood at ₹26,187.38 lakh in FY26, down from ₹30,493.34 lakh in FY25. However, Profit After Tax (PAT) increased to ₹639.39 lakh, up from ₹608.78 lakh in the previous year.

The decline in revenue was primarily attributed to disruptions in international trade routes and logistics due to geopolitical tensions, which impacted the availability of imported bitumen. Nevertheless, cost optimization measures led to a proportional reduction in material costs, supporting improved margins.

What the Numbers Show

While revenue contracted by over 14%, the company managed to expand its PAT margin from 2.00% in FY25 to 2.44% in FY26. This divergence highlights effective cost management, with finance costs reducing by approximately 19% and other income rising significantly from ₹26.78 lakh to ₹102.22 lakh.

AGM Logistics

The fifth AGM is scheduled for September 29, 2026, at 12:00 pm via Video Conferencing or Other Audio-Visual Means. Key agenda items include:

• Adoption of audited financial statements for FY26.
• Reappointment of Mr. Rahul Mohanlal Senghani as Director.
• Ratification of remuneration for the Cost Auditor, M/s Devang Patel & Associates.
• Approval of related party transactions with Nextg Petrochem LLP and promoter family members.
• Reappointment of Mr. Haresh Mohanlal Senghani as Managing Director and Mr. Rahul Mohanlal Senghani as Whole-Time Director for five years.

The Register of Members and Share Transfer Books will remain closed from September 22 to September 29, 2026. The cut-off date for e-voting for the AGM is September 21, 2026. Shareholders can participate in remote e-voting through Bigshare. CS Nihar Sheth has been appointed as Scrutinizer for the e-voting process.

Governance Updates

The board appointed Ms Zarana & Associates as Internal Auditor for FY27. Additionally, the company disclosed that there were no significant or material orders passed by regulators or courts during the year. The statutory auditors, M/s Keyur Shah & Associates, issued an unqualified report on the financial statements.