National General Industries Ltd. has announced its 40th Annual General Meeting (AGM) to be held on Wednesday, September 30, 2026, at 1:30 PM via Video Conferencing or Other Audio Visual Means. Key agenda items include the adoption of the audited financial statements for the year ended March 31, 2026, the re-appointment of a director, and special business concerning the approval of holding office or place of profit by directors, along with the adoption of new Memorandum and Articles of Association.
Annual General Meeting Scheduled
National General Industries Ltd. has officially announced that its 40th Annual General Meeting (AGM) will take place on Wednesday, September 30, 2026. The meeting is scheduled to commence at 1:30 PM IST and will be conducted through Video Conferencing (VC) or Other Audio Visual Means (OAVM).
Key Agenda Items
The AGM will cover several crucial points, including:
- The receipt, consideration, and adoption of the Audited Financial Statement for the financial year ended March 31, 2026, along with the Board of Directors’ and Auditors’ reports.
- The re-appointment of Mr. Manhar Modi, who is retiring by rotation and offers himself for re-appointment.
- Approval for Mr. Manhar Modi to hold an office or place of profit as a Non-Executive Director, with proposed consultancy fees of ₹1,50,000/- per month.
- Approval for Mrs. Nandini Modi to hold an office or place of profit as Consultant (HR), with proposed consultancy fees of ₹50,000/- per month.
- Adoption of a new Memorandum of Association (MOA) in conformity with the Companies Act, 2013.
- Adoption of new Articles of Association (AOA) in conformity with the Companies Act, 2013.
Financial Performance Overview
The company reported a revenue of ₹895.30 Lakhs for the year ended March 31, 2026, compared to ₹1,034.73 Lakhs in the previous year. The Profit Before Tax stood at ₹(43.53) Lakhs, a decrease from the previous year’s profit of ₹121.15 Lakhs. The Net Profit After Tax was ₹(47.93) Lakhs, down from ₹94.28 Lakhs in the prior year.
Source: BSE
