Nanavati Ventures Ltd

RTA confirmation to stock exchanges

• Details of dematerialised/rematerialised securities were furnished to all stock exchanges where listed.

AGM Details

• Date and time: 25 September 2026, 03:00 PM, physical meeting.
• Location: Ward-6, PL-2172-2173, 402, Jin Ratna, Surat, Gujarat.
• Record date for voting: 18 September 2026.

Resolutions and outcomes

• Resolution 1 (Ordinary): Adoption of Audited Financial Statements approved 100% in favor.
• Resolution 2 (Ordinary): Regularisation/re-appointment of Vipulbhai Vachheta as director; approved 100%.
• Resolution 3 (Special): Regularisation of Ankitkumar Shah as director; approved 100%.
• Resolution 4 (Special): Appointment of Vipulbhai Vachheta as Managing Director; approved 100%.

Director and management changes

• Vipulbhai Vachheta reappointed as director (retires by rotation).
• Ankitkumar Shah regularised as director.
• Vipulbhai Vachheta appointed as Managing Director.

AGM Details

• 16th AGM held on 25 September 2026 at 15:00 IST, physical meeting in Surat.
• Remote e-voting facility available from 22 to 24 September 2026.
• Scrutinizer appointed for voting: Vivek J. Vakharia & Associates.
• Quorum confirmed; Board’s Report and Financial Statements taken as read.

Key Resolutions

• Ordinary – Adoption of Audited Financial Statements, Board’s Report and Auditor’s Report.
• Ordinary – Re-appointment of Vipulbhai Vachheta by rotation.
• Special/Additional Ordinary – Appointment of Ankitkumar Shah as Director.
• Special/Additional Ordinary – Appointment of Vipulbhai Vachheta as Managing Director.

Director Changes

• Ankitkumar Shah appointed as Director.
• Vipulbhai Vachheta appointed as Managing Director.

Auditor Report

• Statutory Auditor reported no observations/qualifications.

Nanavati Ventures Limited — Trading Window closed from 01 October 2026 up to 48 hours after the declaration of audited financial results for the half year ending 30 September 2026 (both days inclusive).

AGM details

• Date, time and physical mode: 25 September 2026, 3:00 PM, at Surat.
• Remote e-voting window: 22 Sep 2026, 9:00 AM to 24 Sep 2026, 5:00 PM IST.
• Voting cut-off date: 18 Sep 2026.
• Venue: Registered Office, Surat.

Ordinary business resolutions

• Adoption of Audited Financial Statements for year ended 31 March 2026.
• Appointment of Vipulbhai Vachheta as Director, liable to retire by rotation, for re-appointment.

Special business resolutions

• Regularization of Ankitkumar Shah as Director.
• Appointment of Vipulbhai Vachheta as Managing Director for five years from 01/09/2026.
• Remuneration for MD fixed at ₹9.60 per annum including perquisites.
• Board authorized to alter terms of appointment within statutory limits.

Financial performance

• Revenue from operations: Rs 1,867.81 Lakhs for FY25-26.
• Net PAT: Rs 7.33 Lakhs, down from Rs 21.85.
• Profit before tax: Rs 16.46 Lakhs; tax current Rs 5.00, deferred Rs 4.13.
• Dividend not declared for equity shareholders.
• Basic EPS: Rs 0.16.

Capital structure & liquidity

• Share capital: Rs 467.00 Lakhs; Reserves: Rs 1,787.49 Lakhs.
• Total Liabilities and Equity: Rs 3,960.28 Lakhs; current liabilities Rs 1,694.73.
• Cash and cash equivalents: Rs 2.21 Lakhs.
• No short-term borrowings; no debt-service obligations.

Governance & board changes

• Board size 4 as at 31 Mar 2026.
• Shreykumar Sheth resigned as MD on 10-Mar-2026.
• Vipulbhai Vachheta appointed Additional Director on 10-Mar-2026.
• Ankitkumar Shah appointed Additional Director on 9-Apr-2026.
• Vaishnavi Patel resigned as Director on 9-Apr-2026.

MD&A & outlook

• Industry outlook: India remains a global diamond hub with strong domestic demand.
• Opportunities: ethical diamonds, branded jewellery, and LGD adoption.
• Threats: price volatility, FX fluctuations, reliance on third-party job-work.
• Strategy: expand rough-diamond sourcing and processing network; diversify metals trading.
• Regulations: GST, PMLA, digital hallmarking shaping the sector.

Audit & internal controls

• Auditor's report: no qualification; no fraud reported.
• Internal controls: adequate and effective; no material weaknesses.
• Secretarial audit: no qualifications; compliance with applicable laws.

Related party transactions & CSR

• Related party transactions: arm's-length, ordinary course; approvals obtained.
• Directors' remuneration: Shreykumar Sheth Rs 5.26 Lakhs; Nikunj Maniya Rs 1.80 Lakhs.
• Outstanding balances with related parties: minimal; no material dues.
• CSR not applicable; no CSR committee disclosure.

Shareholder information & AGM

• 16th AGM on 25 Sep 2026; ordinary and special business planned.
• Remote e-voting window: Sep 22-24, 2026; cut-off Sep 18, 2026.
• Notice circulated electronically; notice available on company site and NSDL.

MD & Chairperson appointment

• Appointment of Vipulbhai Vachheta as Chairperson and Managing Director, effective 01 Sep 2026.
• Reason: Regularisation and designation change approved on recommendation of Nomination and Remuneration Committee.
• Profile: Marketing professional with over 10 years' experience.
• Relationships with other directors: None.

Auditors Appointments

• Internal Auditor: M/s. Appa & Associates appointed for FY 2025-26, effective immediately.
• Appa & Associates is Ahmedabad CA firm (FRN 141467W) providing internal and statutory audits.
• Secretarial Auditor: VJV & Co. LLP appointed for FY 2025-26, effective immediately.
• VJV & Co. LLP is a peer-review firm of ICSI; handles secretarial audits and governance filings.

RTA submission

• RTA confirms dematerialisation/rematerialisation details for the period were furnished to all stock exchanges.