Nouveau Global Ventures Limited has disclosed the consolidated voting results and scrutinizer's report for its 38th Annual General Meeting held on September 29, 2026. All resolutions proposed in the notice were passed with the requisite majority by the members of the company.

The meeting, conducted via video conferencing, commenced at 1:00 pm and concluded at 1:28 pm. The e-voting window closed at 1:38 pm. Mohit Khadaria served as Chairman. The company confirmed that the requisite quorum was present through the digital platform, in compliance with Ministry of Corporate Affairs and SEBI circulars regarding virtual general meetings.

Resolutions and governance details

The ordinary business included the approval of the Board of Directors' report and audited financial statements for the fiscal year ended March 31, 2026. Special business focused on the formal re-appointment of Krishan Khadaria (DIN: 00219096) as Managing Director through a special resolution. The meeting also addressed related-party transactions under Section 188 of the Companies Act, 2013, and Regulation 23 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Krishan Khadaria is a qualified Chartered Accountant and Bachelor of Law with extensive experience in finance, taxation, auditing, and capital markets. He is the promoter of the company, which was originally incorporated in 1988 as Nouveau Consultancy Services Private Limited. The disclosure notes that Mr. Khadaria is the father of Mohit Khadaria, Director of the Company, and is not related to any other director.

Voting outcomes

The scrutinizer's report, prepared by Arvind Baid of M/s. Arvind Baid & Associates, confirmed the passage of all four resolutions. For the adoption of audited financial statements (Resolution 1), 72,970,082 votes were cast in favour against 2,064 votes against, representing a 99.997% approval rate among polled votes. The total votes polled constituted 39.33% of the outstanding shares.

For the re-appointment of Krishan Khadaria as Managing Director (Resolution 3), which required a special resolution, 12,217,601 votes were cast in favour and 11,264 votes against. This resulted in a 99.9079% approval rate on votes polled. Notably, the promoter and promoter group abstained from voting on this resolution, as they are interested in the agenda item.

Board composition and attendance

The board was represented by both executive and independent directors, ensuring diverse oversight during the annual review. Statutory auditors and internal compliance officers were present to address any queries, though no shareholder questions were raised during the session.

The scrutinizer for the voting process was Arvind Baid, Partner at M/s. Arvind Baid & Associates. The combined results of remote e-voting and live e-voting have been published on the BSE website.

Nouveau Global Ventures has scheduled its 38th Annual General Meeting (AGM) for September 29, 2026, to discuss financial results for FY26 and approve key corporate resolutions. The meeting will be held via Video Conferencing (VC) or Other Audio Visual Means (OAVM) starting at 1:00 pm.

The company published advertisements for the meeting in Mumbai Lakshdeep and Active Times on September 6, 2026. Shareholders have been provided with e-voting facilities to cast their votes on the proposed resolutions.

Financial Performance Overview

The company reported a net loss of ₹40.007 lakh for the financial year ended March 31, 2026, reversing a profit of ₹57.178 lakh recorded in the previous year. This decline was driven by zero revenue from operations and a significant drop in other income.

Total expenses rose to ₹103.195 lakh from ₹85.769 lakh in FY25. Finance costs increased by nearly 40% to ₹17.088 lakh, while employee benefits also contributed to the higher expenditure. Other income fell sharply to ₹65.818 lakh from ₹149.423 lakh in the prior year.

What the Numbers Show

A critical divergence exists between the company's asset base and its revenue generation capability. The balance sheet shows total assets of ₹919.515 lakh, with significant holdings in property investments valued at ₹645.222 lakh. However, this substantial asset base failed to translate into operational revenue, resulting in zero sales figures for the fourth consecutive period comparable in nature. The reliance on 'Other Income'—which fell by over 55% year-on-year—highlights a lack of sustainable core business activity.

Governance and Related Party Transactions

Shareholders will vote on the reappointment of Krishan Khadaria as Managing Director for a five-year term starting March 1, 2027. The Board seeks approval for related-party transactions with entities such as Mystic Electronics Limited and Mukta Agriculture Limited, capping annual values at ₹50 crore per entity. These transactions involve loans, guarantees, and service agreements.

No dividend is recommended for FY26 due to the incurred losses. The Secretarial Audit Report noted minor compliance delays, including a two-day late filing of shareholding patterns for the quarter ended September 30, 2025, for which a fine was paid.