Nirlon CEO, MD, chairman and AGM

Nirlon board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

ChairpersonRAJINDER PAL SINGH
Chief executiveRAHUL VIRENCHEE SAGAR
Company Secretary and Compliance OfficerJASMIN K BHAVSAR

6 directors3 independent1 executive2 non-executive

RAJINDER PAL SINGH · ChairpersonIndependent · joined May 2019 · reappointed May 2024 · 86 months as independent · 2 listed boards · 1 as independent · 1 committee seat, 2 as chair
ANJALI KARAMNARAYAN SETHIndependent · joined May 2019 · reappointed May 2024 · 86 months as independent · 3 listed boards · 2 as independent · 3 committee seats, 1 as chair
CHANDRESH H RUPARELIndependent · joined Sep 2025 · 9 months as independent · 1 listed board · 1 as independent · 2 committee seats
KUNNASAGARAN CHINNIAHNominee, non-executive · joined Apr 2016 · reappointed Sep 2024 · 1 listed board
ARJUN KHULLARNominee, non-executive · joined Jun 2024 · reappointed Sep 2025 · 1 listed board
RAHUL VIRENCHEE SAGAR · Chief executiveExecutive · joined Feb 2021 · reappointed Feb 2026 · 1 listed board

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

1 director who left

SRIDHAR SRINIVASAN, left 28 Sep 2025: Tenure Completion

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

Board
- 25 May 20265 of 6 present3 independent · 103 days in between
- 10 Feb 20266 of 6 present3 independent · 31 days in between
- 9 Jan 20266 of 6 present3 independent
Audit Committee
Chair RAJINDER PAL SINGH
ANJALI KARAMNARAYAN SETH, CHANDRESH H RUPAREL
- 25 May 20263 of 3 present3 independent · 103 days in between
- 10 Feb 20263 of 3 present3 independent
Nomination and remuneration committee
Chair ANJALI KARAMNARAYAN SETH
RAJINDER PAL SINGH, CHANDRESH H RUPAREL
- 25 May 20263 of 3 present3 independent
Stakeholders Relationship Committee
Chair ANJALI KARAMNARAYAN SETH
RAJINDER PAL SINGH, CHANDRESH H RUPAREL
- 25 May 20263 of 3 present3 independent · 103 days in between
- 10 Feb 20263 of 3 present3 independent
Risk Management Committee
Chair RAJINDER PAL SINGH
ANJALI KARAMNARAYAN SETH, CHANDRESH H RUPAREL, RAHUL VIRENCHEE SAGAR
- 10 Feb 20264 of 4 present3 independent
Corporate Social Responsibility Committee
Chair ANJALI KARAMNARAYAN SETH
RAHUL VIRENCHEE SAGAR, CHANDRESH H RUPAREL
- 25 May 20263 of 3 present2 independent · 103 days in between
- 10 Feb 20263 of 3 present2 independent · 31 days in between
- 9 Jan 20263 of 3 present2 independent
INDEPENDENT DIRECTORS
Chair RAJINDER PAL SINGH
ANJALI KARAMNARAYAN SETH, CHANDRESH H RUPAREL
- 10 Feb 20263 of 3 present3 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Jun 2026.

SRBC & Co LLPPeer-review certificate valid to Feb 2029

2 earlier auditors

SRBC & Company LLPNamed in the filing for the quarter to Jun 2025
SRBC & CoNamed in the filing for the quarter to Mar 2025

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Nirlon AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Nirlon dividend history

Annual general meeting, 18 Sep 2026

27,698 shareholders on the register on 11 Sep 2026; present: 1 promoter and 55 others; votes counted by ALWYN D'SOUZA / ALWYN JAY & CO.The company's voting result (opens in a new tab)

To receive, consider and adopt the Audited Financial Statements of the Company for the Financial Year ended March 31, 2026, including the Statement of Profit and Loss for the Year ended on that date, Audited Balance Sheet as at March 31, 2026 and Reports of the Directors' and Auditors' thereonMoreLess
Ordinary
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 65.45% · promoters 96.68% · institutions 0.30% · other public 0.14%
To declare a final dividend of Rs.15/- per equity share of face value Rs.10/- each (@ 150%) for the Financial Year ended on March 31, 2026
Ordinary
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 65.45% · promoters 96.68% · institutions 0.30% · other public 0.14%
To appoint a Director in place of Mr. Kunnasagaran Chinniah (DIN 01590108), age 69 years (D.O.B.10-05-1957), who retires by rotation at this Annual General Meeting, and being eligible offers himself for reappointmentMoreLess
Ordinary
99.99% for0.01% against
Against: promoters 0.00% · institutions 39.52% · other public 0.03%
Turnout: all 65.45% · promoters 96.68% · institutions 0.30% · other public 0.14%
Ratification of Remuneration payable to the Cost Auditor for the F.Y. 2026-27
Ordinary
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 65.45% · promoters 96.68% · institutions 0.30% · other public 0.14%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.

Mutual fund votes, meeting of 15 Nov 2025, 3 fund houses

Appointment of Mr. Chandresh Haridas Ruparel (DIN:01669081), as a Non-Executive Independent Director of the Company for a term of five (5) years commencing from September 26, 2025 to September 25, 2030 and who would not be liable to retire by rotation.MoreLess
3 for0 against

Mutual fund votes, meeting of 25 Sep 2025, 3 fund houses

Appointment of Alwyn Jay and Co, Practising Company Secretaries (Firm Registration Number P2010MH021500), as Secretarial Auditors of the Company for a period of five (5) consecutive years, from April 1, 2025 to March 31, 2030 and fix their remuneration.MoreLess
Against Motilal Oswal Mutual Fund, PPFAS Mutual Fund
Motilal Oswal Mutual FundCompliant with law. Governance concern: Failure to highlight previous non-compliance in the Secretarial Audit Report
PPFAS Mutual FundFailure to highlight previous non-compliance in the Secretarial Audit Report
1 for2 against
Continuation of Mr. Rajinder Pal Singh (DIN: 02943155) as a Non-Executive Independent Director of the Company for his appointed term of five (5) years effective from May 13, 2024 to May 12, 2029, notwithstanding that on October 20, 2026, he shall attain 75 years of age during the aforesaid tenure.MoreLess
Against Motilal Oswal Mutual Fund
Motilal Oswal Mutual FundCompliant with law. Governance concern: Chairman of the Board and Audit Committee is same person, which may lead to concentration of power in the hands of a single individual
2 for1 against
Ratification of Remuneration of Rs. 1,50,000.00, excluding GST, travelling and other out-of-pocket expenses payable to Mr. Vinay B. Mulay, the practicing Cost Accountant, Mumbai (ICMAI No. 8791) as the Cost Auditor appointed by the Board of Directors of the Company to conduct the audit of the cost records of the Company for the financial year ending March 31, 2026.MoreLess
3 for0 against
Re-appointment of Mr. Rahul V. Sagar (DIN: 00388980), age 54 years (D.O.B. 28.05.1971), as Executive Director and Chief Executive Officer (CEO) of the Company and Payment of his Managerial Remuneration for a period of five (5) years w.e.f. February 1, 2026 to January 31, 2031.MoreLess
3 for0 against
To appoint a Director in place of Mr. Arjun Khullar (DIN: 10671903), age 59 years (D.O.B.06.06.1966), who retires by rotation at this Annual General Meeting, and being eligible offers himself for re-appointment.MoreLess
3 for0 against
To declare a final dividend of Rs.11.00 per equity share of face value Rs.10.00 each (@ 110%) for the Financial Year ended on March 31, 2025.
3 for0 against
To receive, consider and adopt the Audited Financial Statements of the Company for the Financial Year ended March 31, 2025, including the Statement of Profit and Loss for the Year ended on that date, Audited Balance Sheet as at March 31, 2025 and Reports of the Directors and Auditors thereon.MoreLess
3 for0 against

3 earlier meetings

Mutual fund votes, meeting of 24 Sep 2024, 2 fund houses

Appointment of Mr. Arjun Khullar (DIN 10671903) as a Nominee Director of the Company liable to retire by rotation.
Against Motilal Oswal Mutual Fund
Motilal Oswal Mutual FundNo concern regarding the merit of the proposed appointee. Non-Compliance with SEBI LODR: Delayed approval of shareholders.
1 for1 against
Ratification of remuneration of Rs. 1,50,000.00 excluding GST, travelling and other out - of - pocket expenses payable to Mr. Vinay B. Mulay, the practicing Cost Accountant (ICAI CMA No. 8791) of Vinay Mulay and Co., Mumbai, appointed by the Board of Directors of the Company to conduct the audit of the cost records of the Company for the financial year ending March 31, 2025.MoreLess
2 for0 against
To appoint a Director in place of Mr. Kunnasagaran Chinniah (DIN 01590108), age 67 years, who retires by rotation at this Annual General Meeting, and being eligible offers himself for re-appointment.
Against Motilal Oswal Mutual Fund
Motilal Oswal Mutual FundCompliant with law. Governance Concern: Questions over whether the Director played his role effectively with regard to one of his previous other directorships.
1 for1 against
To declare a final dividend of Rs. 11.00 per equity share of face value Rs. 10.00 each (@ 110%) for the Financial Year ended on March 31, 2024.
2 for0 against
To receive, consider and adopt the Audited Financial Statements of the Company for the Financial Year ended March 31, 2024, including the Statement of Profit and Loss for the Year ended on that date, Audited Balance Sheet as at March 31, 2024 and Reports of the Directors and Auditors thereon.MoreLess
2 for0 against

Mutual fund votes, meeting of 21 Sep 2015, 1 fund house

1) To adopt the Audited Financial Statements for the year ended March 31, 2015 and the Reports of the Director's and the Auditor's thereon.
0 for0 against
1 abstained
2) To declare dividend on Equity Shares for the Financial Year ended March 31, 2015.
0 for0 against
1 abstained
3) To re-appoint Smt. Rajani M. Bhagat as Director.
0 for0 against
1 abstained
4) Approval to appoint M/s. N.M. Raiji & Co., as Statutory Auditors & fix their remuneration.
0 for0 against
1 abstained
5) Ratification of the remuneration payable to the Cost Auditor for the financial year ending March 31, 2016.
0 for0 against
1 abstained

Mutual fund votes, meeting of 12 Aug 2015, 1 fund house

1) Re-classification of Preference Shares consequent upon alteration of the Capital Clause of the Memorandum of Association of the Company.
1 for0 against
2) Adoption of a New set of Articles of Association of the company.
1 for0 against
3) Appointment of Mr. Rahul V. Sagar as Executive Director of the company and payment of his Managerial Remuneration for a period of 10 months w.e.f. April 1, 2015 to January 31, 2016.
1 for0 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Dealings with its subsidiaries, promoters, directors and their firms, reported every half-year.Promoters and their stake

Half-year to Mar 2026: ₹108 Cr15 dealings
Half-year to Sep 2025: ₹89 Cr15 dealings
Half-year to Mar 2025: ₹114 Cr14 dealings, 14 loans and advances
Half-year to Sep 2024: ₹82 Cr14 dealings
Half-year to Mar 2024: ₹109 Cr16 dealings
Half-year to Sep 2023: ₹87 Cr16 dealings

Between	Dealing
Reco Berry pvt ltd and Nirlon LtdPROMOTER HOLDING	Dividend paid	0.00	86.41
Nirlon Management Services Pvt Ltd and Nirlon LtdPROMOTER HOLDING	Purchase of goods or services	17.46	9.34
Nirlon Management Services Pvt Ltd and Nirlon LtdPROMOTER HOLDING	Sale of goods or services	5.77	2.95
Nirlon Management Services Pvt Ltd and Nirlon LtdPROMOTER HOLDING	Purchase of goods or services	6.00	2.85
Rahul V Sagar and Nirlon LtdPROMOTER HOLDING	Dividend paid	0.00	1.99
Rahul V Sagar and Nirlon LtdPROMOTER HOLDING	Remuneration	3.06	1.46
Deltron Pte Ltd and Nirlon LtdPROMOTER HOLDING	Dividend paid	0.00	1.38
Jasmin Bhavsar and Nirlon LtdKey Managerial Personnel	Remuneration	1.60	0.82
Manish Parikh and Nirlon LtdKey Managerial Personnel	Remuneration	1.12	0.66
Nirlon Management Services Pvt Ltd and Nirlon LtdPROMOTER HOLDING	Sale of goods or services	1.30	0.50
Nirlon Management Services Pvt Ltd and Nirlon LtdPROMOTER HOLDING	Sale of goods or services	0.20	0.04
Jasmin Bhavsar and Nirlon LtdKey Managerial Personnel	Dividend paid	0.00	0.03
Manisha Trading & Investments Pvt Ltd and Nirlon LtdPROMOTER HOLDING	Sale of goods or services	0.02	0.01
Manish Parikh and Nirlon LtdKey Managerial Personnel	Dividend paid	0.00	₹1,000
Manisha Trading & Investments Pvt Ltd and Nirlon LtdPROMOTER HOLDING	Sale of goods or services	0.00	0.00

The 15 largest of 15 dealings in the half-year to Mar 2026, ₹ crore.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

Received
Resolved

Open at the quarter's end

At most 4 complaints open, quarter to Jun 2026.

The board is made up as the listing rules require: Yes
The board has a regular chairperson: Yes
The company has a risk management committee: Yes
The chair is related to the managing director: No
The filing has a part on fines and penalties: No
The filing has a part on tax disputes: No
There was a cyber security incident in the quarter: No

The company's own answers in its filing.

Nirlon board of directors

Committees and meetings

Board

Audit Committee

Nomination and remuneration committee

Stakeholders Relationship Committee

Risk Management Committee

Corporate Social Responsibility Committee

INDEPENDENT DIRECTORS