NITCO Limited has announced the receipt of an additional marble order worth INR 66.65 Crores (excluding taxes) from M/s. Prestige Estates Projects Limited. The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Cumulative Order Value Rises to Approximately INR 347.09 Crores

Prior to this announcement, NITCO had communicated to the stock exchanges through multiple disclosures referenced under letters dated December 16, 2024, April 30, 2025, June 23, 2025, and September 12, 2025, that the total orders received from M/s. Prestige Estates Projects Limited stood at approximately INR 280.44 Crores (excluding the current order). With the addition of this latest order, the aggregate order value from Prestige Estates Projects Limited has risen to approximately INR 347.09 Crores.

Key Order Details

The following table summarises the key parameters of the disclosed order as per the regulatory filing:

Order History with Prestige Estates Projects Limited

The latest order is part of a series of marble supply contracts awarded to NITCO by M/s. Prestige Estates Projects Limited. The progression of cumulative order values is outlined below:

The announcement was signed by Vivek Talwar, Chairman & Managing Director of NITCO Limited, and submitted to both BSE Limited and the National Stock Exchange of India Limited on May 12, 2026.

NITCO Limited has successfully completed its postal ballot process, with shareholders overwhelmingly approving a material related party transaction with M/s. Authum Investment & Infrastructure Limited. The resolution was deemed passed on Friday, May 1, 2026, which was the last date for remote e-voting, and the outcome was formally communicated to the stock exchanges on May 4, 2026.

Postal Ballot Resolution and Approval

The Company had issued a Postal Ballot Notice dated March 23, 2026, seeking shareholder approval for an ordinary resolution to approve a material related party transaction with M/s. Authum Investment & Infrastructure Limited. The Postal Ballot Notice, along with an explanatory statement, was dispatched to members on March 31, 2026, based on the register of members as of the cut-off date of March 27, 2026. Advertisements were also published in Financial Express (English) and Mumbai Lakshdeep (Marathi) on March 31, 2026, informing members of the dispatch.

The remote e-voting facility, provided by National Securities Depository Limited (NSDL), was open from Thursday, April 2, 2026, at 9:00 A.M. (IST) to Friday, May 1, 2026, at 5:00 P.M. (IST). The total number of shareholders on the record date was 26,066.

Voting Results

The resolution received strong shareholder support. The following table summarises the detailed voting outcome across shareholder categories:

Of the total valid votes cast, 4733710 votes (99.9465%) were in favour of the resolution, while 2533 votes (0.0535%) were cast against it. No invalid or abstained votes were recorded. The promoter and promoter group, who held 48519741 shares, did not participate in the e-voting. It was disclosed that the promoter/promoter group are interested in the agenda/resolution.

Scrutinizer's Report and Compliance

The Board of Directors had appointed Mr. B. Durgaprasad Rai, Practising Company Secretary (Membership No.: A10060; CP No.: 4390), as the Scrutinizer to oversee the e-voting process in a fair and transparent manner. The Scrutinizer submitted his report on May 4, 2026, confirming that the postal ballot was conducted in compliance with the applicable provisions of the Companies Act, 2013, the Companies (Management and Administration) Rules, 2014, SEBI Listing Regulations, and relevant MCA Circulars including General Circular No. 3/2025 dated September 22, 2025.

The voting results and the Scrutinizer's Report have been made available on the Company's website at www.nitco.in . The resolution outcome was formally communicated to BSE Limited and the National Stock Exchange of India Limited by Company Secretary & Compliance Officer Rupali Kambli on May 4, 2026.