Nidhi Granites Ltd

Subsidiary acquisition via rights issue

• Board approved subscribing to 16,00,000 equity shares for ₹1.60 crore.
• Post-allotment, Nidhi Granites will hold 50.50% of Jowela's post-issue equity.
• Jowela Exim Private Limited will become a subsidiary of Nidhi Granites.
• Consideration is cash; price ₹10 per share; total ₹1.60 crore.
• Rationale: increase shareholding and acquire controlling interest in Jowela.
• Turnover of Jowela as of 31 March 2026: ₹7,43,53,81,801.86.
• Transaction is not a related party; promoter group has no interest in Jowela.
• No material governmental approvals required.
• Transaction expected to complete by October end.

Nidhi Granites Limited: Trading Window closed from 1 October 2026 and will open 48 hours after the announcement of the Un-Audited Financial Results for the Second Quarter and Half year ended on 30 September 2026 to the Exchanges (both days inclusive).

Standalone results

• Standalone Q1 FY2026: Revenue Rs 13.97 lakh; PAT Rs 27.11 lakh; EPS Rs 0.34.
• Total income Rs 33.10 lakh; PBT Rs 29.83 lakh; tax Rs 2.72 lakh.
• Auditor's Limited Review unqualified.
• Q1 FY2026 vs Q1 FY2025: revenue Rs 13.97 lakh vs Rs 10.16 lakh.

Consolidated results

• Consolidated Q1 FY2026: Revenue Rs 1,583.80 lakh; PAT Rs 289.56 lakh; EPS Rs 3.62.
• Total income Rs 1,603.56 lakh; PBT Rs 385.46 lakh; tax Rs 95.90 lakh.
• Independent auditor's review on consolidated results not modified.
• Note: SPNP sold Fine Papyrus Pvt Ltd on 16 Mar 2026; ceased to be step-down subsidiary.

Subsidiary action update

• Sale of Fine Papyrus Pvt Ltd completed 16 Mar 2026; ceased to be step-down subsidiary.

Meeting Details

• Board meeting on 13 August 2026; time and venue not disclosed.

Key Agenda Items

• To consider and approve unaudited financial results for quarter ended 30 June 2026.

Other Notes

• Trading window closed for designated persons from 1 July 2026 until 48 hours after results announcement.

Dematerialisation status

• No dematerialisation/rematerialisation requests were received during the quarter ended 30 June 2026.

• Dematerialisation requests received during quarter ended 30 June 2026 were processed and reported to depositories.
• Securities dematerialised during the quarter have been listed on the stock exchanges where previously issued securities are listed.
• Physical certificates were mutilated and cancelled after verification, with the depository's name substituted as registered owner within timelines.

Board approvals

• Board approved standalone and consolidated audited financial results for year ended 31 March 2026.
• Board meeting was held on 29 May 2026 and concluded at 4:00 p.m.

Statutory auditor

• Re-appointed M/s. Jogin Raval & Associates as statutory auditors, subject to shareholder approval.
• Re-appointment follows completion of previous five-year term; new term is five years from upcoming AGM.
• Firm is a Mumbai-based Level III peer-reviewed chartered accountancy firm, established in 2007.

Independent directors

• Re-appointed Amit Sinkar as Non-Executive Independent Director effective 15 June 2026 for five years.
• Amit Sinkar has over three decades' experience in accounting, taxation, administration, logistics, and inventory management.
• He is not related to any board director and is not debarred by SEBI or any authority.
• Re-appointed Amit Patankar as Non-Executive Independent Director effective 15 June 2026 for five years.
• Amit Patankar has over 18 years' experience in corporate, investment banking, and financial services.