Northern Spirits Limited shareholders approved a final dividend of ₹0.35 per equity share (3.5%) for the financial year ended March 31, 2026, during the company's 14th Annual General Meeting (AGM).

The meeting was held on September 23, 2026, at the Kenilworth Hotel in Kolkata. Managing Director Ankush Bakshi presided over the session, which saw the attendance of all directors, including chairpersons of key committees, as well as representatives from statutory and secretarial auditors.

Key resolutions passed

The following ordinary business items were transacted and passed by requisite majority through e-voting and physical voting:

Meeting proceedings and voting

Company Secretary Shweta Almal welcomed members and briefed them on general guidelines. The Chairman confirmed that statutory registers were available for inspection and that the company facilitated remote participation through National Securities Depository Limited (NSDL). E-voting was open from September 20 to September 22, 2026.

Mr. Anurag Fatehpuria, Company Secretary in Practice, served as the scrutinizer. The consolidated results of the voting process are scheduled to be announced within two working days of the meeting's conclusion.

Northern Spirits has scheduled its 14th Annual General Meeting for September 23, 2026. The Kolkata-based spirits manufacturer will hold the meeting at the Kenilworth Hotel in Kolkata at 11:30 am.

The Board of Directors proposes a final dividend of ₹0.35 per equity share of face value ₹10 each for the financial year ended March 31, 2026. This represents a dividend yield of 3.5% based on the face value. The payout is subject to approval by members at the AGM and tax deducted at source.

E-Voting and Record Dates

The company has fixed September 16, 2026, as the cut-off date for determining shareholder eligibility to vote electronically. Remote e-voting will commence on Sunday, September 20, 2026, at 9:00 am and conclude on Tuesday, September 22, 2026, at 5:00 pm.

Shareholders whose names appear in the register of members as on September 16, 2026, will be entitled to receive the final dividend if declared. This date also serves as the record date for dividend entitlement.

Book Closure Details

Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the register of members and share transfer books will remain closed from Thursday, September 17, 2026, to Wednesday, September 23, 2026. This closure applies to both the AGM and dividend purposes.

Key Dates Summary

The annual report for FY26 and the notice of the meeting are available for download from the company’s website and the BSE Limited portal. Members with registered email addresses have received these documents via email.

Tax Deduction at Source (TDS) Guidelines

In accordance with the Income Tax Act, 1961, dividend is taxable in the hands of members. The company is required to deduct tax at source (TDS) from dividend paid at applicable rates. A communication regarding TDS was sent to shareholders with registered email IDs.

With effect from April 1, 2024, SEBI mandates that dividends to security holders holding securities in physical form shall be paid only through electronic mode. Payment requires furnishing PAN, nomination choice, contact details, bank account details, and specimen signature. If KYC details are not updated, the dividend will be withheld.

TDS Rates for Resident Members

• No TDS if aggregate dividend does not exceed ₹10,000.
• 10% with PAN (exceeding ₹10,000).
• 20% without PAN or invalid PAN.
• 20% for non-linking of PAN and Aadhaar.
• NIL for Form 15G/15H submissions.
• Rate provided in Order under Section 197 of the Income Tax Act.

TDS Rates for Non-Resident Members

• 20% plus applicable surcharge and cess for FIIs/FPIs.
• 20% plus surcharge/cess or beneficial DTAA rate for other non-residents.

Shareholders must submit required documents via the Registrar and Transfer Agent, M/s. Maheshwari Datamatics Pvt. Ltd., before September 16, 2026. Documents submitted prior to this communication or via other methods will not be considered.