Nitco Ltd pays ₹14.25 lakh environmental compensation

Nitco Ltd has paid an environmental compensation of ₹14,25,000 to the Pollution Control Committee, Dadra & Nagar Haveli and Daman & Diu. The payment follows an order received on April 13, 2026, directing the company to pay the amount for alleged non-compliance with environmental standards. The financial impact is limited to the penalty amount, with no material effect on operations or other activities.

Regulatory Disclosure

The disclosure was made under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company informed the exchanges that the compensation was paid within seven days of the order date.

Details of the Order

Particulars	Details
Authority	Pollution Control Committee, Dadra & Nagar Haveli and Daman & Diu
Nature of Action	Direction to pay Environmental Compensation
Amount	₹14,25,000
Date of Order	April 13, 2026
Violation	Non-compliance of Environmental standards
Financial Impact	Limited to the penalty imposed; no material impact on operations

The order required the payment to be made at Silvassa. Vivek Talwar, Chairman & Managing Director, signed the disclosure submitted to the exchanges on July 23, 2026.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.19%	-1.09%	-9.59%	+19.12%	-27.28%	+294.07%

Nitco Limited shareholders have approved the monetization of the company's immovable property situated at Kanjurmarg, Mumbai. The resolution to enter into a conveyance deed or agreement with M/s. R Siddhatva Developers Private Limited, a step-down subsidiary of M/s. Runwal Construction Private Limited, was passed via a postal ballot process that concluded on June 27, 2026. The approval allows the company to proceed with the sale or development of the specified asset.

The special resolution received overwhelming support, with 99.99% of valid votes cast in favour. A total of 165,721,845 votes were polled for the resolution, while 3,433 votes were cast against it. The voting process was conducted through remote e-voting, with the scrutinizer confirming that the proposals were duly approved by the shareholders with the requisite majority.

Voting Results

The detailed voting outcome for the special resolution is as follows:

Category	Votes For	Votes Against	% For	% Against
Promoter and Promoter Group	48,428,198	0	100	0
Public-Institutions	4,339,238	0	100	0
Public-Non Institutions	112,954,409	3,433	99.997	0.003
Total	165,721,845	3,433	99.9979	0.0021

Procedural Details

The postal ballot notice was dispatched to shareholders on May 26, 2026. The remote e-voting period commenced on May 28, 2026, and concluded on June 27, 2026. Mr. B. Durgaprasad Rai, Practicing Company Secretary, was appointed as the scrutinizer to oversee the e-voting process and ensure its fairness and transparency.

The record date for determining the eligibility of shareholders entitled to participate in the voting process was May 15, 2026. The scrutinizer's report, dated June 29, 2026, confirmed that the resolution was deemed to have been passed on the last date of remote e-voting.