Nirav Commercial Limited shareholders approved the adoption of audited financial statements for the fiscal year ended March 31, 2026, and re-appointed Raghav Daga as a director at its 41st Annual General Meeting (AGM) held on July 31, 2026. The meeting, conducted via video conferencing, saw both ordinary resolutions pass with overwhelming support, reflecting strong alignment between the promoter group and the board’s proposals.

The AGM was scrutinized by Arun Dash of M/s. Arun Dash & Associates, appointed under Section 108 of the Companies Act, 2013 and Rule 20 of the Companies (Management & Administration) Rules, 2014. Voting rights were determined based on shareholding as of the cut-off date, July 24, 2026. Remote e-voting remained open from July 27 to July 30, 2026, with votes unblocked after the meeting concluded.

Resolution Outcomes

Both resolutions were passed as ordinary resolutions. The first resolution concerned the adoption of the standalone audited financial statements for FY26, along with the reports of the Board of Directors and Auditors. The second resolution sought the re-appointment of Shri Raghav Daga (DIN: 00084553), who retires by rotation.

For the financial statements resolution, promoters holding 203,635 shares voted unanimously in favor. Among public non-institutional shareholders, who held 188,365 shares, only 120 votes were polled, with 25 in favor and 95 against. No institutional investors participated in the voting process.

Voting Dynamics

The re-appointment of Raghav Daga followed a similar pattern but with lower overall turnout from the promoter group. Promoters cast 148,032 votes in favor out of 203,635 shares held. Notably, 55,603 votes from one member were declared invalid or abstained because the voter was considered interested in the resolution, as per the scrutinizer’s report. This interest declaration did not affect the outcome, given the promoter group’s decisive support.

Public non-institutional shareholders again showed low engagement, with only 120 votes polled from 188,365 shares held. Of these, 25 voted in favor and 95 against, mirroring the split seen in the first resolution. Institutional shareholders remained inactive in both votes.

What the Numbers Show

The voting results highlight a significant concentration of control within the promoter group, which holds approximately 52% of the total equity shares (203,635 out of 392,000). While public participation was minimal—less than 0.1% of public shares were voted—the promoter block’s unified stance ensured smooth passage of both resolutions. The invalidation of 55,603 votes in the second resolution due to conflict of interest underscores compliance with governance norms, though it had no material impact on the final outcome. For minority shareholders, the low turnout suggests either disengagement or reliance on promoter-led decision-making in routine corporate matters.

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.