Nitin Spinners has fixed September 14, 2026 as the record date for its ₹3.00 per share final dividend for FY26. The company will also use this date to determine e-voting entitlements for its upcoming Annual General Meeting.

The 34th AGM is scheduled for September 21, 2026, at 3:00 pm IST via video conference or other audio-visual means. Pursuant to Section 91 of the Companies Act, 2013, the Register of Members and Share Transfer Books will remain closed from September 15, 2026, to September 21, 2026, inclusive.

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 the final dividend payout.

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 to access the documents electronically. The Annual Report is also available on the company’s website, as well as on the websites of CDSL, BSE, and NSE.

Voting will be conducted through e-voting mechanisms. Details regarding attendance via VC/OAVM are outlined in the official notice.

Nitin Spinners has submitted its Business Responsibility and Sustainability Report (BRSR) for FY26 to the stock exchanges. The report outlines the company's environmental, social, and governance performance for the financial year ending March 31, 2026.

The textile manufacturer reported a turnover of ₹321,386.69 lakh and a net worth of ₹147,073.09 lakh as on March 31, 2026. Exports accounted for 61.87% of the total turnover, with operations serving more than 55 countries.

Energy and Environmental Metrics

The company disclosed its energy consumption patterns and sustainability initiatives under Principle 6. Total energy consumption stood at 1,900,230 GJ, comprising 131,612 GJ from renewable sources and 1,768,619 GJ from non-renewable sources.

Renewable energy consumption increased from 107,482 GJ in FY25 to 131,612 GJ in FY26. The company aims to increase renewable power consumption to more than 50% post-completion of expansion projects. This includes a 23.40 MW rooftop solar capacity and a 28 MW hybrid power purchase agreement.

Workforce and Social Governance

Nitin Spinners employed 761 permanent employees and 5,932 workers at the end of FY26. The workforce composition included 267 female workers and 2 female employees. The company reported no recordable safety incidents during the year.

The company maintains ISO 45001 certification for occupational health and safety. Training coverage for health, safety, and skill upgradation reached 100% for both employees and workers.

What the Numbers Show

A significant divergence exists between the growth in renewable energy adoption and overall energy intensity. While renewable energy usage rose by approximately 22% year-on-year (from 107,482 GJ to 131,612 GJ), total energy consumption remained relatively flat, increasing marginally from 1,893,981 GJ to 1,900,230 GJ. This suggests that the company is successfully substituting non-renewable sources with renewables rather than merely adding green capacity on top of rising total demand.