Nitin Castings Limited declared the voting results for its 43rd Annual General Meeting held on September 21, 2026. All five resolutions transacted at the meeting were approved by shareholders.

The company reported a total of 1,567 shareholders on the record date of September 14, 2026. Out of 5,141,330 total shares held, 3,740,517 votes were polled, representing a 72.75% turnout. The promoter group, holding 3,670,436 shares, voted in favour of all resolutions via e-voting.

Voting Results

All resolutions received overwhelming support from public non-institutional shareholders as well. Here is the breakdown of the voting outcomes:

Key Resolutions Passed

The following ordinary and special resolutions were passed through remote e-voting:

• Adoption of audited standalone financial statements for FY26
• Re-election of Mr. Nitin Kedia as director by rotation
• Ratification of related-party transactions
• Ratification of cost auditor remuneration for FY27
• Regularization of Mrs. Meghna Vihang Makda as Non-Executive Independent Director (Special Resolution)

Director Regularization Details

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company intimated the change in designation for Mrs. Meghna Vihang Makda (DIN: 10500291).

Members approved her regularization from Additional Director (Non-Executive-Independent) to Non-Executive Independent Director. The change is effective from July 25, 2026. The company confirmed that Ms. Makda is not associated with any other director of the company and is not debarred from holding the office of director by virtue of any SEBI order or other authority.

Meeting Details

The session commenced at 12:00 pm and concluded at 12:15 pm. Mr. Nitin Shantikumar Kedia chaired the proceedings. A total of 32 members attended via video conference, satisfying the quorum requirement. Ms. Kala Agarwal served as the scrutinizer for the e-voting process.

Nitin Castings Limited has filed its annual report for FY26 and scheduled its 43rd Annual General Meeting (AGM) for Monday, September 21, 2026. The meeting will be held via Video Conference (VC) or Other Audio-Visual Means (OAVM) at 12:00 pm IST.

The company published a newspaper advertisement in The Free Press Journal and Navshakti on August 27, 2026. The formal notice was filed with the BSE on August 28, 2026, pursuant to Regulation 30 of the SEBI LODR Regulations, 2015.

Financial Performance

For the financial year ended March 31, 2026, Nitin Castings reported a total revenue of ₹15,123.50 lakh, a decline from ₹15,447.84 lakh in the previous year. Revenue from operations stood at ₹14,708.69 lakh, compared to ₹15,057.38 lakh in FY25.

Profit after tax (PAT) fell to ₹1,062.93 lakh from ₹1,241.21 lakh in FY25. Earnings before depreciation and taxes (EBDT) were ₹1,671.41 lakh, down from ₹1,883.73 lakh in the prior year. The company recorded exceptional items of ₹59.32 lakh related to gratuity past service costs.

Cash and cash equivalents as at March 31, 2026, were ₹12.15 lakh. The debt-equity ratio increased to 0.15 times from 0.09 times in the previous year, driven by an increase in borrowings from banks.

Meeting Agenda

The AGM will transact both ordinary and special business. Key items include the approval of the audited financial statements for FY26 and the reappointment of Managing Director Nitin Kedia, who retires by rotation.

Director Appointments

Shareholders will vote on the regularization of Mrs. Meghna Vihang Makda as an Independent Director. She was appointed as an Additional Director on July 25, 2026, and seeks a five-year term until July 24, 2031.

Mr. Nitin Kedia, who holds 551,472 shares as of March 31, 2026, is seeking reappointment. His remuneration is set at ₹120.00 lakh. Mrs. Makda, a Fellow Chartered Accountant, currently serves as an Independent Director at Vikram Kamats Hospitality Limited.

Related Party Transactions

The company seeks ratification for existing and proposed related party transactions totaling ₹463.97 lakh. These transactions are in the ordinary course of business and on an arm’s length basis.

Key transactions include:

• Director remuneration for Nitin Kedia, Nirmal Kedia, and Nipun N Kedia.
• Professional fees paid to entities under significant control of Key Managerial Personnel, including Kedia Construction Company Limited (₹31.00 lakh) and Arvind Engineering Works (₹30.00 lakh).
• Rent payments to relatives of directors, including Suman N Kedia and Shalini N Kedia (₹47.52 lakh each).

Cost Auditor Remuneration

The Board recommends ratifying the remuneration of M/s. NKJ & Associates as Cost Auditors for FY27. The fee is ₹30,000 plus out-of-pocket expenses and applicable taxes.

E-Voting and Logistics

Remote e-voting via NSDL will be open from September 18 to September 20, 2026. The record date for voting rights is Monday, September 14, 2026. Share transfer books will remain closed from September 14 to September 20, 2026.

Members can attend the meeting virtually without physical presence. Proxy facilities are not available for this VC/OAVM meeting.