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:

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.

NITCO Limited disclosed that its promoter and promoter group did not create any new encumbrances on their shareholdings during the financial year ended March 31, 2026. The declaration, submitted to the stock exchanges, confirms that the shares remain free from fresh charges other than those already reported. This compliance filing was made under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Vivek Prannath Talwar, the promoter, confirmed on behalf of the promoter and promoter group that no direct or indirect encumbrances were made in FY26. The disclosure was submitted by Rupali Kambli, Company Secretary & Compliance Officer of NITCO Limited , to BSE Limited and National Stock Exchange of India Limited. The filing ensures transparency regarding the holding status of key stakeholders.

Shareholding and Encumbrance Details

The disclosure includes a detailed breakdown of shareholdings and encumbrances for the promoter and promoter group as per the attached Annexure A. The table below outlines the total shares held and the number of shares encumbered for each entity.

The data indicates that specific entities, including Vivek Prannath Talwar, Anjali Vivek Talwar, Vivek Talwar (HUF), and Melisrna FinanceAnd Trading Pvt Ltd, hold encumbered shares. However, the status of these encumbrances remains unchanged from prior disclosures. The confirmation provides assurance to investors regarding the stability of the promoter's holding structure during the reported period.