Nilkanth Engineering Limited informed BSE that it is not required to submit disclosures for related party transactions, citing its failure to meet the minimum equity capital and net worth thresholds mandated by SEBI regulations.

The company stated that Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 applies only to listed entities with paid-up equity capital exceeding ₹10 crore and net worth exceeding ₹25 crore. Nilkanth Engineering’s financial position as of March 31, 2026, fell significantly short of these criteria.

Financial metrics below regulatory thresholds

The company disclosed its paid-up equity capital and net worth figures as per the latest audited balance sheet. The data confirms that the entity does not trigger the applicability of the specific disclosure requirement.

Note: Source figures provided in lakhs (₹124.50 lakh and -₹303.88 lakh respectively).

What the Numbers Show

The company’s net worth stands at negative ₹3.0388 crore, indicating a balance sheet deficit rather than just a shortfall in growth. This negative equity position, combined with paid-up capital of ₹1.245 crore, places the company well below the ₹10 crore and ₹25 crore benchmarks required for mandatory related party transaction reporting under Regulation 23(9).

Nilkanth Engineering Limited shareholders unanimously approved the adoption of audited financial statements for FY26 and the reappointment of a key director during its 43rd Annual General Meeting held on September 25, 2026. All resolutions passed with 100% votes in favour and zero opposition.

The meeting, chaired by Managing Director Shiksha Agrawal, confirmed that the statutory auditor's report for FY26 contained no qualifications or adverse remarks. Consequently, the report was taken as read without further discussion by the members present.

Voting results and shareholder participation

The company disclosed detailed voting results pursuant to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. A total of 1,234,400 votes were polled out of 1,245,000 outstanding shares, representing a 99.15% turnout on shares present. No remote e-voting votes were cast; all voting occurred via poll during the physical meeting.

The promoter and promoter group held 745,000 shares and voted in full favour. Non-public institutions holding 500,000 shares voted 489,400 shares in favour, accounting for the remaining support. Public institutions did not participate in the voting process.

Key resolutions passed

The shareholders voted on two primary items of business:

• Adoption of the audited financial statements, including consolidated financial statements, for FY26.
• Reappointment of G.M. Loyalka (DIN-00299416) as Director, who retired by rotation and offered himself for re-election.

The voting process was supervised by Girish Murarka, a practicing Company Secretary appointed as the Scrutinizer. The results were announced to the stock exchange and disseminated on the company website within the prescribed time limits.

Business overview and risk profile

During her address, Chairperson Agrawal highlighted that Nilkanth Engineering is engaged in making long-term investments and letting out immovable property. She noted that the current scale of business is limited and does not justify extensive deployment of financial resources. The management aims to spread financial resources to improve fund rolling and performance.

The company disclosed exposure to various risks inherent in its financial activities, including credit, liquidity, market, and interest rate risks. Management stated it remains cautious in deploying funds given this nature of business.

Board attendance

The following directors and officers were present at the AGM:

No questions were raised by shareholders regarding the financial statements for FY26, leading the Chairperson to declare there were no queries before closing the meeting.