Nivaka Fashions has scheduled its 43rd Annual General Meeting for September 28, 2026. The meeting will be conducted through video conferencing or other audio-visual means to transact the business outlined in the notice.

Meeting Details

The AGM is set to begin at 11:00 am on Monday, September 28, 2026. The company has issued the notice of the AGM along with the annual report for FY26 to shareholders. Those with registered email IDs will receive these documents electronically, while others will receive a hard copy containing a link to the annual report.

E-Voting Process

Shareholders holding shares as of the cut-off date, September 18, 2026, are eligible to vote electronically via the National Securities Depository Limited (NSDL) system. The remote e-voting window opens at 9:00 am on Friday, September 25, 2026, and closes at 5:00 pm on Sunday, September 27, 2026. Once a vote is cast, it cannot be modified.

Members who have already voted remotely may attend the AGM but are not permitted to vote again. Those who have not voted remotely can cast their votes during the meeting. New shareholders acquiring shares after the dispatch of the notice but before the cut-off date can obtain user credentials by contacting the company or visiting the NSDL website.

Book Closure

The register of members and share transfer books will remain closed from Monday, September 21, 2026, to Monday, September 28, 2026, inclusive of both days. This closure facilitates the determination of eligible voters for the AGM.

Nivaka Fashions reported a net loss of ₹520.89 lakh for the financial year ended March 31, 2026, a significant widening from the previous year’s loss of ₹50.37 lakh.

The company’s revenue from operations collapsed to ₹1.65 lakh, down from ₹146.51 lakh in FY25, reflecting a strategic reduction in operational activity amidst intense market competition and shifting global trade dynamics.

Financial Performance

Total income stood at ₹18.32 lakh, driven largely by other income of ₹16.68 lakh, compared to total income of ₹183.85 lakh in the prior year. Total expenses surged to ₹541.18 lakh from ₹233.22 lakh in FY25, primarily due to inventory adjustments and fixed overheads persisting despite minimal trading turnover.

What the Numbers Show

The divergence between minimal operational revenue and high total expenses highlights the structural cost burden during the wind-down phase. While revenue dropped by over 98%, employee benefits and depreciation remained relatively stable at ₹83.80 lakh and ₹53.84 lakh respectively, indicating that fixed costs were not proportionally reduced alongside the drastic cut in business volume.

Strategic Outlook

Management stated that the business encountered operational challenges and US tariff-related pressures, rendering existing operations commercially unviable. The company is currently prioritizing the resolution of outstanding liabilities and statutory obligations. No dividend was recommended for the year.

Corporate Actions

The 43rd Annual General Meeting is scheduled for September 28, 2026, via video conference. Key agenda items include:

• Appointment of Maark & Associates as statutory auditors for five years.
• Re-appointment of Bhavin Shantilal Jain as Chairman and Managing Director until September 2029.
• Omnibus approval for related party transactions with entities including Socradamus Capital Private Limited.