Nidhi Granites Limited has informed the stock exchanges that it is exempt from complying with Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates disclosures of related party transactions on a consolidated basis. This exemption stems from the company's size, specifically because its paid-up equity share capital is less than ₹10.00 crore and its net worth is less than ₹25.00 crore as of March 31, 2026. Consequently, the company is not required to submit these specific disclosures to the exchanges.

The disclosure was made pursuant to Regulation 15(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation provides that certain corporate governance requirements do not apply to listed entities that meet specific small-size criteria. As a result of falling below the financial thresholds for paid-up capital and net worth, the company is relieved of the obligations specified in several regulations, including the requirement to disclose related party transactions under Regulation 23(9).

Financial Thresholds as of March 31, 2026

The company confirmed its financial position relative to the regulatory limits for exemption.

Due to these figures, the compliance with corporate governance provisions specified in Regulations 17 to 27, along with specific clauses of Regulation 46 and Schedule V, does not apply to the company. The filing was signed by Krinisha Sanghvi, Company Secretary, on May 29, 2026.

Nidhi Granites reported a consolidated net profit of ₹767.77 lakh for the financial year ended March 31, 2026, a significant increase from ₹191.85 lakh in the previous year. Total revenue from operations rose to ₹6,520.44 lakh for FY26, up from ₹4,527.76 lakh in FY25. The company's Board approved the standalone and consolidated audited financial results for the period on May 29, 2026.

Consolidated Financial Performance

The company's consolidated total income for FY26 stood at ₹6,548.73 lakh, compared to ₹4,733.05 lakh in the previous year. For the quarter ended March 31, 2026, the net profit was ₹193.96 lakh, while revenue from operations was ₹1,666.22 lakh. Total expenses for the year increased to ₹5,473.57 lakh from ₹4,480.30 lakh in the prior year.

Standalone Results

On a standalone basis, the company reported a net loss of ₹126.56 lakh for FY26, compared to a net profit of ₹101.32 lakh in FY25. Total revenue from operations for the standalone entity was ₹17.34 lakh for the year ended March 31, 2026. The standalone results reflect the company's shift in focus towards its subsidiaries and new business segments.

Board Approvals and Appointments

The Board approved the re-appointment of M/s. Jogin Raval & Associates, Chartered Accountants, as statutory auditors for a term of five years, subject to shareholder approval. Additionally, the Board re-appointed Mr. Amit Sinkar and Mr. Amit Patankar as Non-Executive & Independent Directors for a term of five years effective from June 15, 2026.

Operational Updates

During the year, the company acquired Paynov8 Private Limited, formerly known as Auro Fintech Private Limited, which contributed to the financial results. The group also divested its stake in Fine Papyrus Private Limited, a step-down subsidiary, on March 16, 2026. The company identified four reportable business segments, including a new Financial Technology and related services segment.