Kriti Nutrients Board Decides Against Dividend on Equity Shares for FY2025

The Board of Directors of Kriti Nutrients Limited, at its meeting held on 5 May 2026, has decided not to recommend any dividend on equity shares of Re 1/- each for the financial year 2025-26. The announcement was made in accordance with Regulation 30 read with Part A Para 4(a) of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Non-Recommendation of Dividend

The company's Board of Directors formally communicated the non-recommendation of dividend following its scheduled board meeting on 5 May 2026. This announcement is a continuation of the company's earlier letter dated 28 April 2026, which had intimated the exchanges regarding the consideration of dividend recommendation, if any, for the financial year 2025-26.

The key details of the announcement are summarised below:

Parameter: Details Announcement Date: 5 May 2026 Financial Year: 2025-26 Share Type: Equity Shares Face Value per Share: Re 1/- Dividend Recommended: None Regulatory Framework: SEBI (LODR) Regulations, 2015 – Regulation 30, Schedule III, Part A, Para 4(a)

Regulatory Disclosure

The disclosure was filed online with both the National Stock Exchange of India Limited and BSE Limited, as required under applicable listing regulations. The announcement was signed and submitted by Raj Kumar Bhawsar, Company Secretary and Compliance Officer of Kriti Nutrients Limited, on 5 May 2026.

Kriti Nutrients Limited is headquartered at Brilliant Sapphire, 8th Floor, Vijay Nagar, Indore, Madhya Pradesh, with its registered office at Mehta Chamber, 34 Siyaganj, Indore, and its manufacturing facility located at Industrial Area No. 3, AB Road, Dewas, Madhya Pradesh.

Kriti Nutrients Limited has submitted the minutes of its 1/2025-26 Extraordinary General Meeting (EGM) to the National Stock Exchange and BSE Limited, marking a significant step toward expanding into renewable energy operations.

Meeting Overview and Attendance

The EGM was conducted on Friday, March 20, 2026, from 12:00 PM to 12:19 PM IST through video conferencing. The meeting was deemed to be held at the company's corporate office located at Brilliant Sapphire, 8th Floor, Plot No.10, PSP, IDA, Scheme No.78, Part II, Indore (M.P.) 452010.

Parameter Details Meeting Date March 20, 2026 Duration 12:00 PM to 12:19 PM IST Mode Video Conferencing (VC/OAVM) Total Eligible Members 20630 Members Present 47 Quorum Required 30 members

Shri Shiv Singh Mehta, Chairman and Managing Director, presided over the meeting along with other directors including Smt. Purnima Mehta, Shri Saurabh Singh Mehta, and independent directors.

Special Resolutions Approved

Shareholders approved two special resolutions with overwhelming support, both receiving 99.9955% votes in favor. The resolutions were designed to enable the company's entry into solar power generation following directions from Madhya Pradesh Power Transmission Company Limited.

Resolution 1: Memorandum of Association Amendment

The first resolution involved altering Clause III(B) of the Memorandum of Association by inserting new clause 35A. This amendment allows the company to engage in comprehensive power generation activities including:

Solar energy and rooftop solar installations

Wind energy and tidal energy projects

Thermal and hydel power generation

Energy from biomass and petroleum by-products

Power transmission and distribution activities

Energy conservation and efficiency improvement

Resolution 2: Articles of Association Changes

The second resolution added new Article 92 to the Articles of Association, specifically authorizing the Board of Directors to establish, acquire, and manage electricity generation plants for both captive consumption and commercial sales.

Voting Results and Participation

The e-voting process was conducted through CDSL's platform, with remote voting available from March 17-19, 2026. CS Ishan Jain served as the scrutinizer for the voting process.

Resolution Votes in Favor Votes Against Approval Rate MOA Amendment 33419621 1500 99.9555% AOA Amendment 33419617 1500 99.9555%

The promoter and promoter group, holding 33410469 shares, voted entirely in favor of both resolutions with 100% support. Public non-institutional shareholders showed strong support with 98.12% approval for both resolutions.

Strategic Business Expansion

Chairman Shiv Singh Mehta addressed the meeting, explaining the necessity of these amendments in response to requirements from Madhya Pradesh Power Transmission Company Limited for solar power generation for captive use. The amendments provide the company with comprehensive enabling clauses to pursue renewable energy opportunities while maintaining flexibility for both captive consumption and commercial operations.

The company has authorized its Board of Directors to take all necessary steps for implementation, including entering into agreements, filing required documents with the Registrar of Companies, and completing other regulatory requirements to execute this strategic expansion into the renewable energy sector.

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