Nalwa Sons Investments Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025, under Regulation 33 of SEBI Listing Regulations. The Board of Directors approved these results at their meeting held on February 13, 2026, showing mixed performance across standalone and consolidated operations.

Standalone Financial Performance

The company's standalone operations demonstrated varied performance during Q3FY26. Total revenue declined marginally while profitability faced headwinds compared to the previous year.

The revenue composition for Q3FY26 included interest income of ₹574.83 lakhs, dividend income of ₹1.19 lakhs, and net gain on fair value changes of ₹249.72 lakhs. Total expenses decreased significantly to ₹34.02 lakhs from ₹49.30 lakhs in Q3FY25.

Consolidated Results Overview

Consolidated performance included contributions from subsidiaries and associate companies across investment, finance, and trading segments.

Segment-wise Performance Analysis

The consolidated results reflected performance across two primary segments - Investment & Finance and Trading of goods.

Other Comprehensive Income and Exceptional Items

The company reported significant other comprehensive income movements. Standalone OCI was ₹2,502.17 lakhs for Q3FY26 compared to negative ₹1,24,470.52 lakhs in Q3FY25, primarily driven by fair value changes in equity instruments.

Exceptional items of ₹2.36 lakhs were recorded related to the impact of New Labour Codes notified by the Government of India on November 21, 2025. This represents incremental provision for gratuity arising from consolidation of 29 existing labour laws.

Corporate Structure and Governance

The consolidated results include performance from key subsidiaries: Nalwa Trading Limited, Brahmaputra Capital and Financial Services Limited, Jindal Steel & Alloys Limited, and associate company Jindal Equipment Leasing and Consultancy Services Limited. The statutory auditors N.C. Aggarwal & Co. completed their review of both standalone and consolidated financial statements.

Nalwa Sons Investments Limited has successfully completed its postal ballot process, with shareholders approving the re-appointment of two independent directors for second terms. The company announced the results on January 10, 2026, following the completion of the e-voting process that concluded on January 9, 2026.

Postal Ballot Results Overview

The postal ballot process addressed two key agenda items, both requiring special resolutions for approval. The voting was conducted entirely through electronic means, with no physical postal ballot forms received during the voting period.

Resolution Details and Voting Results

Both resolutions pertained to the re-appointment of independent directors for second terms of five consecutive years each. The voting results demonstrated strong support from the promoter group while showing mixed responses from public shareholders.

Resolution 1: Re-appointment of Mr. Kanwaljit Singh Thind

Resolution 2: Re-appointment of Mrs. Shruti Shrivastava

Scrutinizer Report and Process

Rajesh Garg of M/s. Rajesh Garg & Co., Practicing Company Secretary, served as the appointed scrutinizer for the postal ballot process. The scrutinizer confirmed that both special resolutions were passed with the requisite majority. The e-voting facility was provided by MUFG Intime India Private Limited, and the votes were unblocked on January 9, 2026, in the presence of two independent witnesses.

Shareholder Participation Analysis

The postal ballot witnessed participation from 149 shareholders out of 38,606 total shareholders on the record date. The voting pattern revealed unanimous support from the promoter and promoter group, strong institutional support, but significant opposition from public non-institutional shareholders. Despite the mixed response from retail investors, both resolutions achieved the necessary majority for approval.

The company completed the dispatch of postal ballot notices through email to all eligible shareholders on December 10, 2025. The entire voting process was conducted electronically, with no physical postal ballot forms received during the designated voting period.