NG Industries Ltd declared a dividend of ₹3.50 per equity share of face value ₹10 each for the financial year ended March 31, 2026. This payout represents a 35% dividend rate, approved by shareholders during the company's 32nd Annual General Meeting (AGM).

The AGM was convened on September 26, 2026, through Video Conferencing/Other Audio Visual Means (VC/OAVM) in compliance with Ministry of Corporate Affairs and SEBI circulars. The meeting commenced at 10:30 am IST and concluded at 11:52 am, with Mr. Rajesh Goenka, Chairman and Whole-time Director, presiding over the proceedings.

Key resolutions passed

Shareholders adopted the audited financial statements for FY26 and approved the appointment of Mr. Rajesh Goenka, who retired by rotation, for re-appointment. All ordinary business items were passed by requisite majority.

Compliance and audit remarks

The Chairman reported that the Statutory Auditor’s Report on the financial statements contained no qualification, reservation, or adverse remark. Similarly, the Secretarial Auditor’s report for the financial year ended March 31, 2026, was clean with no adverse observations.

E-voting facilities were provided both remotely from September 23 to September 25, 2026, and live during the meeting for members who had not cast their votes earlier. Thirty shareholders, including corporate representatives, participated in the virtual meeting.

NG Industries reported a net profit of ₹173.38 crore for FY26, down from ₹773.95 crore in the previous year. The decline was driven by a significant drop in other income rather than core operations.

Revenue from operations remained relatively stable at ₹1,639.48 crore, compared to ₹1,654.69 crore in FY25. However, other income fell sharply to ₹102.95 crore from ₹800.06 crore in the prior year. This reduction in non-operating gains was the primary factor behind the contraction in overall profitability.

Financial Performance

The company's operational expenses saw mixed trends. Employee benefits expense rose to ₹249.30 crore from ₹217.44 crore. Conversely, other expenses decreased to ₹783.60 crore from ₹829.13 crore. Depreciation charges were slightly lower at ₹59.38 crore versus ₹61.26 crore in FY25.

Dividend and AGM Details

The Board of Directors recommended a dividend of ₹3.50 per equity share of face value ₹10 each for FY26. This recommendation is subject to shareholder approval at the upcoming Annual General Meeting.

NG Industries has fixed September 19, 2026, as the record date for determining eligibility for the dividend and for reckoning voting rights. The 32nd AGM is scheduled for September 26, 2026.

What the Numbers Show

While core revenue stability suggests steady patient inflow or service utilization, the drastic fall in net profit highlights the company's reliance on investment returns or other non-operating income in previous periods. With other income contributing just 6% of total income in FY26 compared to 33% in FY25, the bottom line is now more reflective of actual healthcare service margins.

Voting Schedule

Shareholders can cast their votes via remote e-voting during the specified window leading up to the meeting.

Regulatory Compliance

The disclosure was submitted to the Bombay Stock Exchange and the Calcutta Stock Exchange on August 31, 2026. Bratati Bhattacharya, Company Secretary & Compliance Officer, signed the notice. The announcement is made pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE825C01018/42732acc-c855-45d7-bb4f-c184315f1587.pdf