Shareholders meeting

<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<bbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> PHOENIDX NITIRAJENGINEERS LTD. 7rue way to weigh LC isI tN ed:L o3 n19 N09 aM tioH na1 l9 S9 t9 oP cL kC E1 x1 ch9 a2 n3 g1 e of India ISO 9001:2015 COMPANY • ElectronicWeighing Scales & Systems CORPORATE OFFICE & WORKS: • Electronic Currency Counting Machines Plot No. J-25, J-26, MIDC, Awadhan, • Security &Access Control Products Dhule - 424 006. (M.S.) INDIA :+91 -2562 - 239080,239331 E-mail:response@nitiraj.net Web Site :www.nitiraj.net Date: 04/09/2026 The Manager Listing & Compliance Department, National Stock Exchange ofIndia Limited Exchange Plaza, s" Floor, Plot No. C/1, G Block, Bandra-Kurla Complex, Bandra, Mumbai- 400051. (Company ID: Symbol NITIRAJ ISIN: INE439TO01012) Sub: Submission ofNotice ofthe 27h Annual General Meeting ofthe Company and Annual Report forthe yearended on 31stMarch. 2026. DearSir/Madam, Incompliance with Regulation 34 ofThe SEBI (ListingObligations and Disclosure Requirements) Regulations, 2015 (as amended) we hereby submit copy of the Annual Report of the company for the financial year 2025-26 along with Notice convening the 27h Annual General Meeting scheduled to be held on 28th September, 2026 at 1.00 PM (IST) through Video conference (vC)/other audio-visual means (OAVM) in accordance with the relevant circulars issued by MinistryofCorporateAffairs (MCA) and the securities and exchange Board ofIndia (SEBI). The details on the manner of attending the AGM and casting votes by the shareholders via. electronic Mode is setout in the notice oftheAGM attached herewith. The Notice of AGM and annual report 2025-26 are being sent by mail to those shareholders whose email ids are registered with the company/RTA/Depository participant. The shareholders whose email ids are not registered with the company may demand copy of the Annual Reportthrough email investor@nitiraj.net. The Notice ofAGM Annual report is also available at the website ofcompany atwww.nitiraj.net We request you to please take on record aforesaid information. Thankingyou, Yours faithfully, FOR NITIRAJENGINEERS LIMITED NGINE RAJESH RAGHUNATH BHATWAL Managing Director DIN - 00547575 • REGD.0FFICE:306 A,Bhabha Bldg.,N. M. JoshiMarg, MUMBAI-400 011(M.S.) :+91 -22-23094161 Annual Report 2025-26 27th Annual General Meeting (CIN: - L31909MH1999PLC119231) Electronic Weighing Scales & Systems Currency Counting Machines Digital Fare Meters Home & Hotel Automation Products Health Measurement Products ANNUAL REPORT 2025-26 27th ANNUAL GENERAL MEETING On Monday, the 28th September 2026 AT 01.00 PM Through Video Conferencing (“VC”) / Other Audio-Visual Means (“OAVM”) Registered Office: 306 A, BABHA BUILDING MARG NEAR POLICE STATION, MUMBAI – 400011 (MH) INDIA Contact No: - +91-2562-239331 ================================== Factory Address Plot No J- 25, J- 26, Behind Toyota, Showroom, MIDC A Dhan, Awadhan (CT), Dhule- 424006, MH IN. Website :- www.nitiraj.net E-Mail Id :- investor@nitiraj.net TABLE OF CONTENT Particulars Page No. Company Information 4 Notice of 26th Annual General Meeting & E-voting Procedure 6 Chairman’s Letter to Shareholder 21 Director Report 23 AOC-2 40 Dhule Factory photo, company Journey & Product Photo 42 Secretarial Audit Report FORM NO. MR-3 54 ANNEXURE-I 58 Corporate Governance Report 59 CEO/CFO Certification 78 Management Discussion & Analysis Report 80 Declaration of Independence by Independent Directors 94 Statement of Particulars of Employees 102 Auditors Report and Financial Statements (Standalone) 104 COMPANY INFORMATION BOARD OF DIRECTORS Chairman & Managing Director : Mr. Rajesh Raghunath Bhatwal Whole Time Women Director : Mrs. Shakuntala Rajesh Bhatwal Whole Time Director : Mr. Yi Hung Sin Whole Time Director : Mr. Gajendra Sharadchandra Deshmukh Non-Executive Independent Director : Mr. Pranit Anil Bangad Non-Executive Independent Director : Mr. Deepam Pradeep Shah Non-Executive Independent Director : Mr. Anil Nandkishor Bangad Non-Executive Independent Director : Mr. Pradeep Chandrakant Shah CHIEF FINANCIAL OFFICER COMPANY SECRETARY &COMPLIANCE OFFICER Mr. Ashishkumar Gopalkrushna Sharma CS Soni Shailesh Karwa (Appointed w.e.f. 10-06-2026) E-mail: ashish@nitiraj.net CS Deepika Dalmiya (Resigned w.e.f. 01-06-2026) STATUTORY AUDITOR SECRETARIAL AUDITORS M/s SHARP AARTH and Co LLP. D. SAGAR & ASSOCIATES Chartered Accountants, No.10, 2nd Floor, Malan Plaza, 2nd Floor Deep Plaza, Above Akash Plywood Besides Durga Mata Temple, Opp New J.B. Market, Javahar colony road, Vishnu Nagar, Jalgaon-425001, Aurangabad-431001, MH IN Email:harshaljethale@yahoo.com Email: deo.sagar@rediffmail.com COST AUDITOR INTERNAL AUDITORS Cheena & Associates Agrawal Kucheriya & Company WZ-H-28, Street No.9, New Mahavir Nagar Chartered Accountant Near Janakpuri East Metro Station Shop No. 06, Above Dominos, Shakun Plaza New Delhi – 110018 Yadav Nagar, Jalna – 431203 MH IN Email: cheenaassociates20@gmail.com Email: piyushragrawal@gmail.com REGISTERED OFFICE REGISTRAR & SHARE TRANSFER AGENTS 306 A Babha Building, N. M. Joshi Marg, BIGSHARE SERVICES PRIVATE LIMITED Police Station, Mumbai-400011, Office No S6-2, 6th floor Pinnacle Business Park Website: www.nitiraj.net Next to Ahura Centre, Mahakali Caves Road Andheri E-mail: investor@nitiraj.net (East) Mumbai - 400093, India. NAME OF THE STOCK EXCHANGE BANKERS National Stock Exchange on India Limited HDFC Bank Limited, BOARD COMMITTEES: • Audit Committee: Mr. Pranit Bangad : Chairman Mr. Deepam Shah : Member Mr. Rajesh Bhatwal : Member • Nomination and Remuneration Committee: Mr. Deepam Shah : Chairman Mr. Pranit Bangad : Member Mr. Pradeep Shah : Member • Stakeholders Relationship Committee: Mr. Pradeep Shah : Chairman Mr. Gajendra Deshmukh : Member Mrs. Shakuntala Bhatwal : Member • Corporate Social Responsibility Committee: Mr. Pranit Bangad : Chairman Mr. Deepam Shah : Member Mr. Rajesh Bhatwal : Member • Sextual Harassment Committee: Mr. Deepam Shah : Chairman Mr. Anil Bangad : Member Mr. Rajesh Bhatwal : Member Mrs. Shakuntala Bhatwal : Member • Internal Complaints Committee: Mr. Pranit Bangad : Chairman Mr. Anil Bangad : Member Mr. Rajesh Bhatwal : Member Mr. Shakuntala Bhatwal : Member NITIRAJ ENGINEERS LIMITED CIN: L31909MH1999PLC119231 Regd. Office: 306 A, Babha Building Marg Near Police Station, Mumbai – 400011 Website: www.nitiraj.net | Email Id: investor@nitiraj.net Tel.: +91-2562-239080 NOTICE OF THE 27TH ANNUAL GENERAL MEETING Dear Members, Notice is hereby given that the 27th Annual General Meeting of NITIRAJ ENGINEERS LIMITED will be held on Monday, 28th September 2026 at 1.00 PM through Video Conferencing ("VC") / Other Audio-Visual Means ("OAVM”) to transact the following business: - ORDINARY BUSINESS: 1. To Receive, Consider and adopt the Standalone Audited Financial statements of the company for the financial year ended 31st March, 2026 along with Directors Report and Audited Report of the Company. To consider and if thought fit, to pass, with or without modification(s), the following resolution as an Ordinary Resolution: “RESOLVED THAT the Standalone Audited Financial Statements of the Company for the financial year ended 31st March, 2026 together with the Reports of the Board of Directors’ and Auditors’ thereon as circulated to the members, be and are hereby received, considered and adopted.” 2. To appoint director in place of Mr. Yi Hung Sin (DIN: 01953871), who retires by rotation at this Annual General meeting and being eligible offers himself for re- appointment. To consider and if thought fit, to pass, with or without modification(s), the following resolution as an Ordinary Resolution: “RESOLVED THAT pursuant to the provisions of section 152 of the Companies Act, 2013 Mr. Yi Hung Sin (DIN: 01953871) who retires by rotation and being eligible offers himself for re- appointment, be and is here [Showing first 8,000 characters — download PDF for full document]