Nirlon Limited to Consider Appointment of New Independent Director

1 min read     Updated on 18 Sept 2025, 01:49 PM
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Reviewed by
Suketu GalaScanX News Team
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Overview

Nirlon Limited has scheduled a joint meeting of its Nomination and Remuneration Committee (NRC) and Board of Directors on September 26, 2025, to consider appointing Mr. Chandresh Haridas Ruparel as an additional Non-Executive Independent Director. The proposed appointment is for a five-year term and will be subject to shareholder approval via postal ballot. This move aligns with SEBI regulations and demonstrates the company's commitment to strengthening its corporate governance.

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*this image is generated using AI for illustrative purposes only.

Nirlon Limited has announced a significant corporate governance move, scheduling a crucial meeting to consider the appointment of a new Independent Director to its Board.

Board Meeting Details

The company has scheduled a joint meeting of its Nomination and Remuneration Committee (NRC) and Board of Directors for September 26, 2025. The primary agenda for this meeting is to consider the appointment of Mr. Chandresh Haridas Ruparel as an additional Non-Executive Independent Director.

Proposed Appointment

Mr. Chandresh Haridas Ruparel, son of Haridas Karsandas Ruparel, is being considered for the role of an additional Non-Executive Independent Director. Key details of the proposed appointment include:

Detail Information
Candidate Mr. Chandresh Haridas Ruparel
Date of Birth October 14, 1970
DIN 01669081
Proposed Term Five years, effective from September 26, 2025
Position Additional Non-Executive Independent Director

Approval Process

The appointment, if approved by the NRC and Board, will be subject to shareholder approval. The company plans to seek this approval through a special resolution via postal ballot, ensuring that shareholders have a say in this important decision.

Regulatory Compliance

This announcement aligns with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, demonstrating Nirlon Limited's commitment to transparency and regulatory compliance.

Company Information

Nirlon Limited, with its Corporate Identification Number (CIN) L17120MH1958PLC011045, is headquartered at Pahadi Village, off the Western Express Highway, Goregaon (East), Mumbai 400 063. The company can be contacted at +91 (022) 4028 1919 or via email at info@nirlonltd.com .

This potential addition to Nirlon's Board signifies the company's ongoing efforts to strengthen its corporate governance structure. Shareholders and market observers will be keenly watching the outcome of this meeting and the subsequent postal ballot process.

Historical Stock Returns for Nirlon

1 Day5 Days1 Month6 Months1 Year5 Years
+0.32%+10.04%-6.73%-2.75%+23.70%+113.75%

Nirlon Limited Reports 17.2% Surge in Q1 Profit, Driven by Strong Revenue Growth

1 min read     Updated on 13 Aug 2025, 09:53 AM
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Reviewed by
Ashish ThakurScanX News Team
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Overview

Nirlon Limited, a Mumbai-based real estate company, announced robust Q1 financial results. Revenue from operations increased by 4.1% to ₹162.99 crore, while total income grew by 5.8% to ₹167.05 crore. Profit after tax (PAT) surged by 17.2% to ₹58.41 crore, with EPS improving to ₹6.48. The company showed significant margin expansion, with operating margin rising to 53.9% and PAT margin to 34.9%. Nirlon continues to focus on licensing investment properties and is considering the new tax regime introduced by the Taxation Laws Amendment Act, 2019.

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*this image is generated using AI for illustrative purposes only.

Nirlon Limited , a Mumbai-based real estate company specializing in licensing investment properties, has announced robust financial results for the first quarter. The company's performance showcases significant growth across key financial metrics, indicating a strong start to the fiscal year.

Financial Highlights

  • Revenue from operations increased by 4.1% year-over-year to ₹162.99 crore
  • Total income grew by 5.8% to ₹167.05 crore
  • Profit before tax (PBT) surged by 15.7% to ₹90.15 crore
  • Profit after tax (PAT) rose by 17.2% to ₹58.41 crore
  • Earnings per share (EPS) improved to ₹6.48 from ₹5.53 in the previous year

Profitability and Margin Expansion

Nirlon Limited demonstrated notable improvements in its profitability margins:

Metric Current Previous Year
Operating margin 53.9% 49.3%
PAT margin 34.9% 31.6%

The company's other income saw a substantial jump of 192% to ₹4.05 crore, contributing to the overall growth in profitability.

Operational Focus

Nirlon Limited continues to operate solely in the licensing of investment properties segment. This focused approach appears to be yielding positive results, as evidenced by the company's strong financial performance.

Tax Considerations

The company is currently evaluating whether to shift to the new tax regime introduced by the Taxation Laws Amendment Act, 2019. This regime offers domestic companies the option to pay income tax at 22% plus applicable surcharge and cess, subject to certain conditions. Nirlon's decision on this matter could have implications for its future tax liabilities and net profitability.

Financial Position

As of June 30, Nirlon Limited reported:

  • Paid-up equity share capital of ₹90.12 crore (Face value of ₹10 per share)
  • Other equity of ₹266.81 crore (as of the previous financial year end)

Conclusion

Nirlon Limited's Q1 results reflect a strong start, with significant improvements in revenue, profitability, and operational efficiency. The company's focus on licensing investment properties continues to drive growth, while expanded margins indicate effective cost management and operational optimization. As Nirlon evaluates its tax strategy and continues to leverage its core business strengths, investors and stakeholders will be watching closely to see if this positive momentum can be sustained throughout the fiscal year.

Historical Stock Returns for Nirlon

1 Day5 Days1 Month6 Months1 Year5 Years
+0.32%+10.04%-6.73%-2.75%+23.70%+113.75%
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