Nitin Spinners sets Sep 21 date for 34th AGM, proposes ₹3 dividend
Nitin Spinners holds its 34th AGM on September 21, 2026, via video conference. Shareholders to approve a final dividend of ₹3.00 per share for FY26. Board seeks re-appointment of independent director Rohit Swadheen Mehta for a second term. Director Dinesh Nolkha retires by rotation and offers himself for re-appointment.
*this image is generated using AI for illustrative purposes only.
Nitin Spinners has scheduled its 34th Annual General Meeting for September 21, 2026. The meeting will convene via video conference or other audio-visual means at 3:00 pm IST.
The company submitted the notice along with the Annual Report for FY26 to the Bombay Stock Exchange and the National Stock Exchange of India on August 25, 2026. This disclosure complies with Regulation 30 and Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Agenda Items
Shareholders will transact both ordinary and special business during the meeting. The primary financial item involves the adoption of audited financial statements for the fiscal year ended March 31, 2026. The Board also seeks approval for a final dividend payout.
| Agenda Item | Details |
|---|---|
| Financial Statements | Adoption of audited accounts for FY26 |
| Final Dividend | ₹3.00 per equity share |
| Director Rotation | Re-appointment of Dinesh Nolkha |
| Independent Director | Re-appointment of Rohit Swadheen Mehta |
The proposal includes a final dividend of ₹3.00 per equity share for FY26. Additionally, shareholders will vote on the re-appointment of Dinesh Nolkha as a director liable to retire by rotation.
Governance Changes
The special business agenda features the re-appointment of Rohit Swadheen Mehta as an independent director. Mehta, who completed his first five-year term ending December 29, 2026, is eligible for a second consecutive term.
If approved by shareholders, Mehta’s new tenure will commence on December 30, 2026, and extend until December 29, 2031. The Nomination and Remuneration Committee recommended his re-appointment, citing compliance with Section 149(6) of the Companies Act, 2013, and independence criteria under Listing Regulations.
Voting and Access
Registered shareholders will receive the AGM notice and Annual Report via email. Those without registered email IDs will receive physical letters containing web links and QR codes. The documents are also available on the company’s website.
Voting will be conducted through e-voting mechanisms. Details regarding attendance via VC/OAVM are outlined in the official notice.
Historical Stock Returns for Nitin Spinners
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.18% | +9.15% | +12.93% | +58.24% | +77.14% | +195.41% |
How does the proposed ₹3.00 final dividend compare to Nitin Spinners' historical payout ratios and current market yield expectations?
What strategic initiatives or capital allocation plans has the Board outlined to justify the dividend payout while maintaining growth momentum in the textile sector?
How might the re-appointment of Rohit Swadheen Mehta as an independent director influence the company's governance standards and risk management practices over the next five years?
15
Create Custom Screeners 
Access 200+ Pre-built Filters 
Use 50+ Readymade Screener 
