NHC Foods shareholders approve secretarial auditor appointment for five years
- NHC Foods shareholders approved M/s. Nikunj Kanabar & Associates as Secretarial Auditor for FY27-FY31
- All nine AGM resolutions, including special resolutions on borrowing powers, passed with 99.99% majority
- Total votes polled reached 31.73 crore, representing 33.64% of outstanding shares
- Institutional investors voted unanimously; public shareholder dissent did not exceed 0.21%
*this image is generated using AI for illustrative purposes only.
NHC Foods shareholders approved the appointment of M/s. Nikunj Kanabar & Associates as the company's Secretarial Auditor for a five-year term from FY27 to FY31 during its 34th Annual General Meeting held on September 25, 2026.
The appointment was ratified alongside eight other agenda items, all of which passed with a 99.99% majority in favour. The meeting, conducted via Video Conferencing and Other Audio-Visual Means, concluded with the adoption of audited financial statements for FY26 and various special resolutions regarding borrowing powers and share capital.
Key resolutions passed
Shareholders considered nine agenda items. The following special resolutions were tabled for approval and passed:
| Resolution | Description | Type | Result |
|---|---|---|---|
| 1 | Adoption of Audited Standalone and Consolidated Financial Statements for FY26 | Ordinary | Passed |
| 2 | Re-appointment of Director Ashish Ashokkumar Shah | Ordinary | Passed |
| 3 | Enhancement of limits under Section 180(1)(a) of Companies Act, 2013 | Special | Passed |
| 4 | Increase in borrowing powers under Section 180(1)(c) of Companies Act, 2013 | Special | Passed |
| 5 | Approval to enhance limit for loans/guarantees/security under Section 185 | Special | Passed |
| 6 | Enhancement of limit under Section 186 of Companies Act, 2013 | Special | Passed |
| 7 | Increase in Authorised Share Capital and MoA amendment | Ordinary | Passed |
| 8 | Appointment of Secretarial Auditors | Ordinary | Passed |
| 9 | Issue of Convertible Warrants on Preferential Basis | Special | Passed |
Secretarial auditor details
M/s. Nikunj Kanabar & Associates, a practising company secretary firm based in Mumbai with over 8 years of experience, will serve as Secretarial Auditor for five consecutive years commencing from FY27 to FY31. The Board of Directors initially appointed the firm on September 1, 2026, subject to shareholder approval, which was secured at the AGM. The firm provides services related to Corporate and Securities Laws, including the Companies Act, 2013, SEBI Regulations, and FEMA compliance.
Voting participation details
Remote e-voting was available from September 22, 2026, to September 24, 2026. The report confirms that out of 74,484 shareholders on record, 60 public shareholders attended the meeting through video conferencing. No promoters or promoter group members participated in person or via proxy.
The total number of votes polled across all resolutions hovered around 31.73 crore, representing approximately 33.64% of the total outstanding shares. Institutions voted unanimously in favour of all resolutions, while non-institutional public shareholders recorded minor dissenting votes, none exceeding 0.21% against any specific resolution.
Compliance and certification
The company remains a Government Recognised Three Star Export House and is ISO 22000:2005 certified. The meeting ensured compliance with Ministry of Corporate Affairs and SEBI circulars regarding virtual general meetings. The scrutinizer's report, dated September 26, 2026, certifies that all resolutions were passed with the requisite majority.
Historical Stock Returns for NHC Foods
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.33% | -13.17% | -24.48% | +76.83% | +38.10% | 0.0% |
How will the approved increase in borrowing powers and authorized share capital impact NHC Foods' capital expenditure plans for FY27?
What are the intended use of proceeds from the issue of convertible warrants on a preferential basis, and how might this dilute existing shareholder value?
Given the low attendance of only 60 public shareholders, what strategies is NHC Foods implementing to improve retail investor engagement and liquidity in the future?
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