Nirav Commercials Limited will hold its 41st Annual General Meeting (AGM) on July 31, 2026, at 3.30 pm IST through video conference (VC) and other audio visual means (OAVM). The meeting is convened in compliance with the Companies Act, 2013, and relevant circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India (SEBI). The facility allows shareholders to participate without physical presence at a common venue.

The company has dispatched the Notice of the AGM and the Annual Report 2025-26 electronically to members with registered email addresses. For shareholders without registered email IDs, a letter providing the web-link to access these documents has been sent in accordance with Regulation 36(1)(b) of the SEBI LODR Regulations. The documents are also available on the company's website and the websites of BSE Limited and Bigshare Services Private Limited.

Shareholders holding shares in physical or dematerialized form as on the cut-off date of July 24, 2026, are eligible to vote. Remote e-voting will be conducted through the platform of Bigshare Services Private Limited. Members who have not cast their votes remotely may vote during the AGM via the e-voting system, provided they are present through the VC/OAVM facility.

Key Dates for E-Voting and AGM

Shareholders who have cast their votes remotely may attend the meeting but cannot vote again. Those with queries or grievances may contact Bigshare Services Private Limited via email at helpdesk@ vote@bigshareonline.com or reach out to Mr. Deepak Chaturvedi. Members without registered email addresses or mobile numbers are requested to temporarily register with the registrar to receive the necessary documents.

Nirav Commercials Limited reported a net profit of ₹0.42 crore for the financial year ended March 31, 2026, a significant increase from ₹0.05 crore in the previous year. Total revenue for the year stood at ₹13.47 crore, up from ₹10.56 crore in FY25. The profit for the year includes a gain of ₹0.33 crore from exceptional items related to the transfer of its business undertaking.

During the year, the company completed the transfer of its aluminium doors and windows business, operating under the brand name “Elesar Focchi”, to Hind Aluminium Industries Limited. The transfer was executed on a slump sale basis for a lump sum consideration of ₹1.25 crore. This strategic move involved the transfer of related assets, liabilities, licences, approvals and employees to the purchaser.

Financial Performance

The company’s financial results for FY26 show a marked improvement in profitability. While profit before tax from operations was ₹0.03 crore, the inclusion of exceptional income bolstered the bottom line. The board of directors has not recommended any dividend for the financial year 2025-26.

Business Transfer and Outlook

Pursuant to the approval of shareholders, the company entered into a material related party transaction to sell, transfer or dispose of its manufacturing undertaking. The management stated that the decision to discontinue manufacturing operations was taken considering the changing business environment and long-term strategic interests. The company is now actively evaluating opportunities in new and sustainable business segments to create long-term value for stakeholders.

Corporate Governance and Auditors

The statutory auditors, M/s. Suryaprakash Maurya & Co. LLP, were appointed for a term of five years. The independent audit report for the financial year ended March 31, 2026, did not contain any qualifications, reservations or adverse remarks. The company has also appointed M/s. Dash Dwivedi & Associates LLP as Secretarial Auditors for a five-year term.