Nirlon Limited has scheduled its 67th Annual General Meeting (AGM) for Friday, September 18, 2026, at 12:00 noon. The meeting will be conducted through Video Conferencing (VC) or Other Audio Visual Means (OAVM), with the registered office in Mumbai serving as the deemed venue.

The primary business item involves the adoption of the audited financial statements for the fiscal year ended March 31, 2026. Additionally, shareholders will vote on the re-appointment of Mr. Kunnasagaran Chinniah as a Nominee Director, who retires by rotation at this meeting.

Dividend Recommendation

The Board of Directors has recommended a final dividend of ₹15 per equity share of face value ₹10 each (@150%) for FY26. This payout is subject to approval by members at the AGM and deduction of Tax at Source (TDS) as per the Income-tax Act, 2025.

Shareholders on record as of Thursday, September 3, 2026, will be eligible for the dividend. Payment is expected after Wednesday, September 23, 2026. Resident shareholders receiving dividends up to ₹10,000 or those submitting Form 121 may be exempt from TDS. Others face a 10% TDS rate, while non-residents are subject to 20% withholding tax unless treaty benefits apply.

Director Re-appointment

Mr. Kunnasagaran Chinniah (DIN: 01590108) seeks re-appointment as a Nominee Director liable to retire by rotation. A Chartered Financial Analyst (CFA) with an MBA from the University of California, Berkeley, Mr. Chinniah previously served as Managing Director/Global Head of Portfolio at GIC Special Investments. He attended all six Board meetings during FY26 and does not hold any equity shares in Nirlon Limited.

Special Business

The AGM agenda includes the ratification of remuneration for the Cost Auditor for FY27. The Board approved a fee of ₹1,50,000 (excluding GST and out-of-pocket expenses) payable to Mr. Vinay B. Mulay of Vinay Mulay & Co., Mumbai, for auditing the company’s cost records for the financial year ending March 31, 2027.

Voting and Participation

Remote e-voting will be open from Monday, September 14, 2026, at 9:00 am to Thursday, September 17, 2026, at 5:00 pm. Voting rights are reckoned based on paid-up capital as of the cut-off date, Friday, September 11, 2026. Physical attendance is not required, and proxy appointments are not available for this VC/OAVM meeting.

What the Numbers Show

The recommendation of a ₹15 final dividend represents a significant return to shareholders, maintaining the high payout ratio consistent with the company's recent history. With the record date set for September 3, 2026, investors must ensure their holdings are registered before this deadline to qualify for the distribution, which will be processed electronically via ECS/NEFT/RTGS.

Nirlon Limited has filed its Business Responsibility and Sustainability Report (BRSR) for the financial year ended March 31, 2026, with the Bombay Stock Exchange. The filing, submitted under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, outlines the company’s environmental, social, and governance (ESG) performance alongside key financial disclosures for FY26.

Financial Overview

The report confirms a total turnover of ₹669.17 crore and a net worth of ₹468.60 crore for the period. Nirlon operates primarily through its Nirlon Knowledge Park (NKP) in Mumbai, which accounts for 99.04% of the entity’s turnover. The business model focuses on the development and management of IT parks, serving licensees in the banking, financial services, and IT sectors.

Environmental Performance

A significant highlight of the FY26 report is the company’s achievement of zero Scope 2 greenhouse gas emissions. This result stems from sourcing 100% renewable electricity for the common areas of the knowledge park. Consequently, total Scope 1 and Scope 2 emissions stood at 81.44 metric tonnes of CO2 equivalent, down from 108.66 metric tonnes in the previous year.

Energy consumption from renewable sources totaled 364.49 million mega joules, while non-renewable fuel consumption was 10.90 million mega joules. The company also reported a water withdrawal of 81,897 kilolitres, implementing a zero liquid discharge policy for sewage wastewater through on-site treatment plants.

Governance and Social Initiatives

Nirlon maintains a workforce of three permanent employees, all of whom received training on health and safety measures. The board of directors includes one female member, representing 16.67% of the total board strength. The company reported no grievances related to sexual harassment, discrimination, or human rights violations during the year.

Under its Corporate Social Responsibility (CSR) framework, Nirlon impacted approximately 398,614 beneficiaries across healthcare, education, and environmental sustainability initiatives. The company also disclosed related-party transactions, with purchases from related parties constituting 15.32% of total purchases and sales to related parties accounting for 1.06% of total sales.

What the Numbers Show

The divergence between rising turnover (₹669.17 crore) and declining absolute GHG emissions (81.44 MT CO2e) indicates an improvement in carbon intensity per unit of revenue. This decoupling suggests that the company’s operational efficiency gains and renewable energy procurement are effectively mitigating the environmental impact of its financial growth.