Nexxus Petro Industries Ltd

Nexxus Petro Industries Ltd has scheduled a Board of Directors meeting for September 4, 2026. The primary agenda items include the approval of the notice for the 5th Annual General Meeting (AGM) for the financial year ended March 31, 2026, along with its date, time, and place. The board will also consider and approve the Annual Report and its annexures for the same financial year. Other key discussions will involve the appointment of the Internal Auditor for FY 2026-27, taking on record the Secretarial and Internal Audit Reports for FY 2025-26, and approving the closure of the Register of Members/Share Transfer Books for the AGM. The appointment of a scrutinizer for the e-voting process at the AGM is also on the agenda. The company will also discuss the Board's Report for FY 2025-26 and any other business with the chairman's permission. Information is available on the company's website.

Nexxxus Petro Industries Limited has responded to a stock exchange query regarding a significant price movement in its scrip. The company stated that the fluctuation is purely due to market conditions and is market-driven. Management claims no control or specific knowledge of the reasons behind the price change. Nexxxus Petro affirmed its commitment to making all relevant disclosures as per SEBI regulations.

Nexxus Petro Industries Limited has established a new state-of-the-art Used Tyre Pyrolysis Plant with a capacity of 30 Tons Per Day (TPD) at its facility in Pali, Rajasthan. Commercial production is slated to begin on August 30, 2026. This expansion is part of the company's business growth strategy, aiming to generate additional revenue of ₹50-60 Crore per annum with an 8-10% net profit margin. The plant will produce Used Tyre Pyrolysis Oil (TPO) and Carbon, serving as a cost-effective substitute for Light Diesel Oil (LDO) in road construction. The company plans a Phase 2 expansion to scale up to 60 TPD within months of Phase 1's successful operation. The project is funded through internal accruals and a term loan with interest subsidies.

Nexxus Petro Industries Ltd has responded to an exchange query regarding a significant price movement in its stock. The company stated that the fluctuation is purely market-driven and that management has no control over or prior knowledge of the reasons behind it. Nexxus Petro affirmed its commitment to making all necessary disclosures as per SEBI regulations.

Nexxus Petro Industries Ltd's Board of Directors approved and took on record the audited financial results for the financial year ending March 31, 2026, along with an unmodified audit report. The board meeting was held on May 29, 2026, where the audited financial statements were also approved.

Nexxus Petro Industries Ltd has filed a statement of deviation and variation in the utilization of IPO proceeds for the half-year ended March 31, 2026, as per Regulation 32(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The statement, reviewed by the Audit Committee and Board on May 29, 2026, indicates no deviation or variation in the use of funds raised. The company raised ₹19.42 Crores through a fresh issue, with allocations for working capital (₹1,600 Lakhs), general corporate purposes (₹148.63 Lakhs), and issue expenses (₹194.29 Lakhs).

Nexxus Petro Industries Ltd has announced the audited financial results for the half year and financial year ended March 31, 2026. The Board of Directors approved the results in a meeting held on May 29, 2026. The audit report, issued by M/s. Keyur Shah & Associates, Chartered Accountants, carries an unmodified opinion. The company has also submitted the audited assets and liabilities statement, cash flow statement, and a declaration for the unmodified audit opinion.

Nexxus Petro Industries Ltd has scheduled a Board of Directors meeting on May 29, 2026, to consider and approve the audited financial results for the half-year and financial year ended March 31, 2026. The meeting will also address other items as decided by the board.

Nexxus Petro Industries Limited is strategically positioned to benefit from India's push for indigenous bitumen, driven by a 40% surge in international bitumen prices due to the West Asia conflict. India currently imports 54% of its 11 million tonnes annual bitumen requirement. Union Minister Shri Nitin Gadkari emphasized using bio-bitumen from agricultural waste, rubber powder, and waste plastic to eliminate import dependence. Nexxus Petro is among 15 companies licensed by CSIR-CRRI and CSIR-IIP to manufacture KrishiBind™ bio-bitumen from agricultural biomass. This license places the company at the forefront of supplying domestically produced, import-substitute bitumen, aligning with government policy, accelerating road construction under PM Gati Shakti and Bharatmala, and growing ESG imperatives.

Nexxus Petro Industries Ltd has announced the appointment of Mr. Anil Bhatt as its Chief Financial Officer (CFO) and Key Managerial Personnel, effective April 10, 2026. The Board of Directors approved the appointment based on recommendations from the Nomination and Remuneration Committee and Audit Committee. Mr. Bhatt is a commerce graduate with over 28 years of experience in accounting, financial management, and regulatory compliance. His expertise includes financial reporting, audit coordination, and compliance with GST and TDS. Prior to this role, he served as Head of Accounts (Senior Manager) at Nexxus Petro Industries since May 2023 and previously held a Senior Manager – Accounts position at Neptune Petrochemicals Private Limited. He brings strong analytical skills and practical experience in managing financial functions.