Nikhil Adhesives Limited disclosed the voting results of its 40th Annual General Meeting held on September 22, 2026. All eleven resolutions proposed at the meeting were passed with overwhelming majority support from shareholders.

The Consolidated Scrutinizer’s Report confirmed that each resolution received approval with a majority exceeding 99.98% of valid votes cast. The meeting, conducted via Video Conferencing and Other Audio-Visual Means (VC/OAVM), commenced at 3:00 pm and concluded at 3:36 pm. Fifty members attended the virtual session, representing a significant portion of the eligible voting population.

Key resolutions and voting outcomes

Shareholders approved several ordinary and special business items, focusing on leadership continuity, governance structures, and financial approvals. The dividend declaration marks the payout for the fiscal year ended March 31, 2026.

Ordinary business

• Adoption of financial statements: Passed with 99.988% votes in favor.
• Reappointment of Tarak Jayantilal Sanghavi: As Whole Time Director retiring by rotation, passed with 99.9798% votes in favor.
• Dividend declaration: Approval of dividend at ₹0.22 per equity share of face value ₹1 each, passed with 99.988% votes in favor.

Special business

The following special resolutions were considered and approved:

• Ratification of Cost Auditor remuneration: M/s. B. F. Modi & Associates, passed with 99.988% votes in favor.
• Appointment of Secretarial Auditors: M/s. Deepika Mishra & Associates, passed with 99.988% votes in favor.
• Reappointment of Tarak Jayantilal Sanghavi: As Whole Time Director for three years, passed with 99.9798% votes in favor.
• Reappointment of Rajendra Jayantilal Sanghavi: As Whole Time Director for three years, passed with 99.9811% votes in favor.
• Reappointment of Umesh Jayantilal Sanghavi: As Chairman and Managing Director for three years, passed with 99.982% votes in favor.
• Reappointment of Gauri Surendra Trivedi: As Independent Director for a second five-year term, passed with 99.988% votes in favor.
• Increase in Board powers: Under Section 180(1)(a) of the Companies Act, 2013, passed with 99.9879% votes in favor.
• Remuneration for Satish Gaonkar: Executive Director remuneration exceeding Section 197 limits, passed with 99.9879% votes in favor.

Governance and attendance details

The meeting was chaired by Umesh J. Sanghavi. Key managerial personnel present included Rajendra Jayantilal Sanghavi (Whole Time Executive Director), Tarak Jayantilal Sanghavi (Whole Time Executive Director), and Jagdish Mali (Executive Director). Independent Directors Pravin Kanubhai Laheri, Gauri Surendra Trivedi, V. Subramanian, Sethunathan Charlayath Laxmanan, and Madhu Thakorlal Ankleshwaria were also in attendance.

Mrs. Anita Sanghavi served as Chief Financial Officer, while Mrs. Beena Khandelwal acted as Company Secretary and Compliance Officer. Mr. Pinang Shah represented the statutory auditors, M/s. PHD & Associates. Ms. Poonam Somani of Somani and Associates served as the Scrutinizer.

Voting and e-voting process

Members holding shares as on the cut-off date of September 15, 2026, were eligible to vote. The remote e-voting period ran from September 19, 2026, at 9:00 am to September 21, 2026, at 5:00 pm. E-voting facilities remained available during the meeting for those who had not voted remotely. The Consolidated Scrutinizer’s Report is expected within two working days.

Nikhil Adhesives Limited has scheduled its 40th Annual General Meeting for September 22, 2026. The Board recommends a dividend of ₹0.22 per equity share of face value ₹1 each for FY26. Shareholders on record as of September 15, 2026, are eligible to vote and receive the payout if approved.

The company will close its register of members from September 16 to September 22, 2026. Remote e-voting runs from September 19 to September 21, 2026. Demat holders must submit bank details to depository participants by September 10, 2026, to ensure correct tax deduction at source.

Key Dates

Director Reappointments

The AGM agenda includes several special resolutions for director reappointments:

• Umesh J. Sanghavi: Reappointment as Chairman and Managing Director for three years (July 10, 2026 – July 9, 2029).
• Rajendra J. Sanghavi: Reappointment as Whole-Time Director for three years (January 1, 2027 – December 31, 2029).
• Tarak J. Sanghavi: Reappointment as Whole-Time Director for three years (January 1, 2027 – December 31, 2029).
• Gauri S. Trivedi: Reappointment as Independent Director for a second five-year term (January 1, 2027 – December 31, 2031).

Remuneration for Umesh Sanghavi, Rajendra Sanghavi, and Tarak Sanghavi is capped at ₹50 lakh per annum, with current annual remuneration set at ₹44.75 lakh each.

Other Business Items

Members will also consider:

• Ratification of remuneration for Cost Auditor M/s B. F. Modi & Associates (₹50,000 per annum plus taxes/expenses) for FY27.
• Appointment of M/s Deepika Mishra & Associates as Secretarial Auditors for five years.
• Approval of remuneration for Executive Director Dr. Satish Gaonkar exceeding Section 197 limits.
• Increase in Board powers under Section 180(1)(a) to create mortgages/charges against assets to secure borrowings up to the existing limit of ₹250 crore.