Nitin Spinners Ltd. has informed the stock exchanges that a meeting of its Board of Directors is scheduled to be held on Friday, 08 May 2026. The meeting has been convened in accordance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015.

Agenda for Board Meeting

The board will consider and approve the following matters during the meeting:

1. Audited Financial Results of the Company for the Quarter and Financial Year ended 31 March 2026
2. Recommendation of final dividend, if any, for the Financial Year 2025-2026

Trading Window Closure

In compliance with the Code of Conduct for prevention of Insider Trading, the trading window for dealing in securities of the company shall remain closed for all Directors, Designated Persons, and their immediate relatives, connected persons and their relatives until 10 May 2026. This closure period extends for 48 hours from the time the financial results are made public.

Company Information

The intimation was dated 25 April 2026 and was signed by Sudhir Kumar Garg, Company Secretary & VP (Legal) of Nitin Spinners Ltd.

Nitin Spinners has announced that its Investment Committee has approved the execution of Power Supply Agreement and Share Purchase Agreement with CGE II Hybrid Energy Private Limited, marking a strategic move towards sustainable power generation for its manufacturing operations.

Investment Committee Approval

The Investment Committee of the Board of Directors has formally approved the acquisition deal during a meeting held on March 27, 2026, which commenced at 11:30 AM and concluded at 12:30 PM. This approval represents a significant step in the company's renewable energy strategy.

Investment Structure and Details

The acquisition involves purchasing 95,20,202 equity shares of face value ₹10 each in CGE II Hybrid Energy Private Limited. The target company is a subsidiary of Continuum Green Energy Limited, incorporated on December 2, 2021, specifically formed as a Special Purpose Vehicle for power generation, distribution, transmission and supply of renewable power in Rajasthan.

Target Company Profile

CGE II Hybrid Energy Private Limited operates in the power generation sector with substantial authorized share capital of ₹572.99 crores and paid-up share capital of ₹142.80 crores. The company has reported nil turnover for the financial years 2022-23, 2023-24, and 2024-25, indicating its status as a project development entity.

Strategic Objectives

The acquisition aims to enhance renewable power supply by 10 MW for Nitin Spinners' plants located at Bhanwaria Kalan, Begun, and Chittorgarh in Rajasthan. The Wind Solar Hybrid Project will qualify the company as a captive consumer under the Electricity Act and Rules, providing greater energy security and cost optimization.

Transaction Timeline and Structure

The transaction involves cash consideration to be paid through online banking systems. The deal is subject to customary conditions and is expected to complete on or before September 30, 2026. The acquisition is not classified as a related party transaction, with no promoter or group company interest in the target entity.