Niraj Cement Structurals Limited has initiated a postal ballot process to seek shareholder approval for the re-appointment of Mr. Partha Sarathi Raut as an Independent Director for a second term of five consecutive years. The resolution proposes his tenure from July 02, 2026, to July 01, 2031, following the recommendation of the Nomination and Remuneration Committee and the Board of Directors. The company has engaged Mr. Abhay J. Pal as the Scrutinizer to oversee the voting process.

The remote e-voting facility is available to shareholders whose names appear in the Register of Members or List of Beneficial Owners as on the cut-off date of Friday, May 22, 2026. The voting period begins at 9:00 a.m. IST on Monday, June 01, 2026, and concludes at 5:00 p.m. IST on Saturday, June 30, 2026. Shareholders can cast their votes electronically through the NSDL e-voting system.

Special Business

The primary agenda item is the re-appointment of Mr. Partha Sarathi Raut (DIN: 08804981). He was initially appointed as an Additional Director on July 02, 2021, and his current term ends on July 01, 2026. The company states that he meets the criteria of independence under the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board has recommended the resolution based on his performance evaluation, qualifications, and experience.

Key Details of the Proposal

E-Voting Process

The postal ballot notice is being sent only through electronic mode to members with registered email addresses. Physical copies are not being dispatched. Shareholders holding shares in demat mode can vote through their depository accounts using NSDL or CDSL login credentials. Those holding physical shares must use a specific User ID format comprising the EVEN number followed by the Folio Number.

The Scrutinizer will submit the report to the Chairman after the scrutiny process. The results of the postal ballot will be announced on or before July 02, 2026, at the Registered Office of the company and will also be displayed on the company website.

Niraj Cement Structurals has reported its audited financial results for the quarter and financial year ended March 31, 2026. The board approved the results during its meeting held on Thursday, May 21, 2026. For the full year, the company recorded a net profit of ₹2,160.21 lakh, a 41.8% increase from ₹1,522.29 lakh in the previous year. Revenue from operations for FY26 stood at ₹55,523.66 lakh, compared to ₹51,326.63 lakh in FY25.

Financial Performance

The company's standalone financial results for the quarter ended March 31, 2026, show a net profit of ₹522.59 lakh, down from ₹814.44 lakh in the same period last year. Revenue for the quarter decreased to ₹14,116.98 lakh from ₹16,909.17 lakh in Q4 FY25. Total income for the year rose to ₹55,523.66 lakh from ₹51,326.63 lakh in the previous year. Earnings per share (EPS) for the year increased to ₹3.62 from ₹2.55.

Board Decisions

Alongside the financial results, the board approved the re-appointment of M/s. Sanjay K. Lodha & Associates as Internal Auditor and M/s. P.K. Verma & Co. as Cost Auditor for the financial year 2026-27. Additionally, the board approved the re-appointment of Mr. Partha Sarathi Raut as a Non-Executive Independent Director for a second term of five consecutive years, effective from July 2, 2026, to July 1, 2031, subject to shareholder approval via postal ballot.

Auditor's Report

The statutory auditors, Chaturvedi Sohan & Co., issued an unmodified opinion on the audited financial results. The report highlighted emphasis of matter points regarding ongoing GST proceedings and the provision for Expected Credit Loss (ECL). The company has deposited ₹108.40 lakh under protest regarding the GST demand and recovered ₹162.93 lakh during the year from the ECL provision made in the prior year.