Nidhi Granites Holds 44th AGM; Approves Financial Statements, Reappoints Auditors and Directors

Nidhi Granites Holds 44th AGM; Approves Financial Statements, Reappoints Auditors and Directors​

Nidhi Granites Limited convened its 44th Annual General Meeting (AGM) on Wednesday, July 22, 2026. The meeting, held via Video Conferencing (VC) or Other Audio-Visual Means (OAVM), focused on reviewing the company's financial and business performance for the fiscal year ended March 31, 2026, and transacting several critical corporate resolutions.

The Chairperson opened the proceedings, welcomed the members, and provided a comprehensive overview of the company’s financial and operational performance, including that of its subsidiaries. Of the members present at the AGM were 19, and all directors were in attendance.

Key matters addressed during the meeting included the adoption of both Audited Standalone and Consolidated Financial Statements for the financial year ended March 31, 2026. The company also undertook several appointments and re-appointments through both ordinary and special business resolutions.

Among the primary corporate actions approved at the meeting were:

• Auditor Appointment: M/s Jogin Raval & Associates was re-appointed as the statutory auditors for a term of five years, along with fixing their remuneration.
• Director Appointments: The members reviewed and ratified several director appointments. Mrs. Shreya Pandya was offered re-appointment to fill a retiring directorship. Additionally, Mr. Amit Sinkar (DIN: 09203235) and Mr. Amit Patankar (DIN: 09203130) were re-appointed as non-executive independent directors for a term of five consecutive years.
• Management Appointments: Mr. Darpan Shah (DIN: 07650896) was re-appointed as the managing director of the company.
• Secretarial Audit: M/s Dholakia & Associates LLP, Practicing Company Secretaries, were appointed as secretarial auditors for a term of five consecutive financial years.

The AGM also featured extensive deliberation regarding the company's operations and provided an opportunity for members to seek clarifications from the Chairperson. The Board had previously appointed Mr. Nrupang B. Dholakia, Managing Partner of Dholakia and Associates LLP, as the Scrutinizer to oversee the voting process.

The company utilized a remote e-voting facility through National Securities Depository Limited (NSDL) and BSE limited for members to cast their votes on agenda items. The remote e-voting period commenced on July 18, 2026, and concluded on July 21, 2026.

The Chairperson informed the attendees that the results of the remote e-voting would be declared within two working days and would be available through the company’s website, NSDL, and BSE limited. The meeting was formally concluded at 11:45 a.m. (IST).

Stock Price Movement​

As of 11:52, Nidhi Granites Ltd shares are dipping at ₹331.65 after seeing a 1.53% decline for the day. The stock has experienced significant intraday movement, trading between a low of ₹320.00 and a high of ₹336.00.