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.

NITCO Limited has formally notified stock exchanges about an upcoming board meeting scheduled for May 13, 2026, where directors will review and approve the company's financial performance for the fourth quarter and full financial year ended March 31, 2026.

Board Meeting Details

The tiles and marble manufacturer has issued the meeting intimation in accordance with Regulation 29 of the Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015. The board will consider and approve both standalone and consolidated audited financial results for the reporting period.

Trading Window Restrictions

In compliance with insider trading regulations, NITCO has implemented a trading window closure for its securities. The restriction period began on April 1, 2026 and will continue until 48 hours after the official announcement of the audited financial results.

This closure aligns with the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct for regulating, monitoring and reporting trading by insiders.

Regulatory Compliance

The meeting intimation, dated April 23, 2026, was signed by Company Secretary and Compliance Officer Rupali Kambli. The notification has been sent to both major stock exchanges where NITCO shares are listed, ensuring full regulatory compliance and transparency with shareholders and market participants.

The upcoming board meeting represents a standard quarterly governance practice, allowing the company to formally review its financial performance and provide stakeholders with comprehensive insights into its operational and financial standing for the concluded financial year.