National Fittings Limited

National Fittings Limited has announced the receipt of a disclosure from Mr. Anil Kumar Agarwal, a member of the Promoter Group, regarding the acquisition of shares in the company. This disclosure, filed in Form - C as per Regulation 7(2)(a) of the PIT Regulations, has been enclosed for information and record. The specific details of the acquisition, including the number of shares acquired, are provided in the enclosed document.

National Fittings Limited has submitted its Secretarial Audit Report for the financial year ended March 31, 2026, prepared by Secretarial Auditor M R L Narasimha. The report confirms that the company generally complied with applicable statutory provisions, including the Companies Act, SEBI Regulations, and Secretarial Standards. A specific non-compliance was noted regarding the non-submission of voting results within the stipulated period under SEBI (LODR) Regulations, 2015, for which BSE levied a fine that the company has paid. The audit also confirmed that the Board of Directors is properly constituted, board meeting procedures are followed, and adequate systems are in place to monitor compliance.

The Board of Directors, at their meeting on May 22, 2026, decided to maintain the company's books of accounts at S F No: 112, Madhapur Road, Kaniyur Village, Coimbatore – 641659. This decision was taken despite the registered office being shifted to 314/315, Mudhela Village, Savli Taluka, Savli, Vadodara District – 391770 Gujarat, India, as the company's primary operations are located in Coimbatore.

The Board of Directors of National Fittings Limited approved the scheme of arrangement for the merger of Avisa Private Limited and Banil Castings Private Limited with National Fittings Limited. As per the share exchange ratio, for every 1000 shares of Avisa, National Fittings will issue 1,03,098 equity shares. For every 1000 shares or compulsorily convertible preference shares of Banil, National Fittings will issue 472 equity shares. The share exchange ratio is based on a valuation report by Registered Valuer Anurag Singal and a fairness opinion from Jajodia Equity Advisors Services Limited.

National Fittings Limited has submitted the Independent Auditor's Report on the company's financial results for the year ended March 31, 2026. The report, prepared by Krishaan & Co., Chartered Accountants, expresses an opinion that the standalone annual financial results are presented in accordance with regulatory requirements and provide a true and fair view of the company's financial performance. The audit was conducted in accordance with Standards on Auditing, and the auditors have confirmed their independence and adherence to ethical standards.

National Fittings Ltd's board approved the merger of Avisa Private Limited and Banil Castings Private Limited with National Fittings. The appointed date for the scheme is April 1, 2026. The merger is subject to approvals from BSE, SEBI, NCLT, and shareholders/creditors. As of March 31, 2026, Avisa had assets of ₹4.56 Cr and nil turnover, Banil had assets of ₹78.80 Cr and turnover of ₹62.60 Cr, and National Fittings had assets of ₹119.84 Cr and turnover of ₹96.19 Cr.

National Fittings Ltd's Board of Directors approved the audited financial results for the year ended March 31, 2026. The board also declared a final dividend of ₹1 per equity share. The meeting, held on May 22, 2026, reviewed and approved the financial results in compliance with listing agreement clause 41. The company reported a total income from operations of ₹8291.69 Lakhs and a net profit of ₹2330.34 Lakhs for the year ended March 31, 2026.

National Fittings Ltd's board meeting on May 22, 2026, will consider the merger of Avisa Private Limited and Banil Castings Private Limited with National Fittings Limited. The merger will be conducted under Sections 230 to 232 of the Companies Act, 2013, and SEBI (LODR) Regulations, 2015. The trading window is closed from April 1, 2026, until May 26, 2026.

National Fittings Ltd has scheduled a Board of Directors meeting on May 22, 2026, to consider and approve the audited financial results for the quarter/year ended March 31, 2026. The board will also consider declaring a dividend, if any, and address any other business with the chair's permission.

National Fittings Ltd has submitted disclosures regarding its loan obligations from Bank of India. The company confirmed that there are currently no defaults on payment of interest or repayment of principal amount for its loans, which include WC Term Loan, Packing Credit, and Foreign Bill Purchase (FBP/FBN). The total outstanding amount from Bank of India is ₹9.32 Crores. A WC Term Loan of ₹0.31 Crore is part of this, subsisting until November 30, 2026, with an interest rate of 7.5%.