Nilachal Refractories has fixed September 19, 2026 as the record date for its 49th annual general meeting. The meeting is scheduled for September 26, 2026, to be held via video conferencing.

Shareholders holding equity shares as of the record date will be eligible to vote on ordinary and special business items. The register of members and share transfer books will remain closed from September 19 to September 25, 2026.

Key Agenda Items

The AGM notice outlines several critical resolutions for shareholder approval:

• Adoption of Financials: Consideration and adoption of the audited standalone financial statements for the fiscal year ended March 31, 2026.
• Director Re-appointment: Re-appointment of Mr. Vimal Prakash as a director upon retirement by rotation.
• New Appointments: Appointment of Mr. Bijay Kumar and Ms. Priyanka Poddar as non-executive independent directors for a five-year term starting August 25, 2026.
• Continuation Beyond Age Limit: Continuation of Mr. Pradip Kumar Mohapatra as an independent director after attaining the age of 75 years, until September 24, 2028.

Strategic Diversification Proposal

A significant special resolution seeks to alter the objects clause of the Memorandum of Association. The company proposes to expand its business scope beyond refractories into several new sectors:

• Metallurgical Products: Manufacturing and trading in ferro alloys, steel, pig iron, and sponge iron.
• Power Generation: Establishing captive thermal power plants and renewable energy projects including solar, wind, and biomass.
• Construction Materials: Producing fly ash bricks, blocks, and other construction materials from industrial by-products.
• Logistics Infrastructure: Developing railway sidings, tracks, and material handling systems.

The board stated that this diversification aims to create additional revenue streams and optimize resource utilization through backward and forward integration.

Voting Process

Remote e-voting will be facilitated by National Securities Depository Limited (NSDL). The voting window opens on September 23, 2026, at 9:00 am and closes on September 25, 2026, at 5:00 pm. Members can also join the meeting via video conferencing to participate in discussions and cast votes live if they have not already voted remotely.

Nilachal Refractories has accepted the resignations of two independent directors, Bindu Jain and Sundaresan Radhakrishnan, effective August 31, 2026. The departures follow the completion of their respective tenures on the board.

The company notified the Bombay Stock Exchange and Calcutta Stock Exchange regarding the cessation of these directors pursuant to Regulation 30 and Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Changes

Both directors tendered their resignation letters citing the completion of their terms as independent directors. Their offices ceased upon the completion of said terms.

The departing directors are:

• Bindu Jain (DIN: 07159504)
• Sundaresan Radhakrishnan (DIN: 00009818)

Mukesh Kumar Shaw, Company Secretary and Compliance Officer, confirmed the acceptance of the resignations in a letter dated August 31, 2026.