Nirlon Limited informed shareholders that all resolutions at its 67th Annual General Meeting were approved with the requisite majority. The company reported FY26 revenue of ₹669.17 crore and profit before tax of ₹371.94 crore, maintained 99.95% occupancy at Nirlon Knowledge Park, and recommended a final dividend of ₹15 per share in addition to the interim dividend already paid. High occupancy and steady rental performance remain the key positives for investors.
Nirlon FY26 Revenue Climbs; AGM Clears All Resolutions
Revenue: ₹669.17 crore vs ₹636.07 crore in FY25.
Profit Before Tax: ₹371.94 crore vs ₹338.41 crore; final dividend of ₹15 per share recommended.
Reader Takeaway: Strong occupancy supports earnings, while commercial office demand remains the key monitor.
What just happened
Nirlon Limited held its 67th Annual General Meeting on September 18, 2026, through video conferencing. Shareholders approved all resolutions included in the AGM notice through remote e-voting and e-voting conducted during the meeting.
The company also presented its FY26 operational and financial performance along with management's priorities for FY27.
Why this matters
Nirlon's business continues to be driven by rental income from Nirlon Knowledge Park. Occupancy remained exceptionally high at 99.95% across the five operational phases during FY26.
As of June 30, 2026, about 99.5% of the licensable area had been committed or licensed, indicating stable leasing demand and continued visibility of rental income.
Financial performance
Revenue increased to ₹669.17 crore in FY26 from ₹636.07 crore a year earlier.
Profit before tax rose to ₹371.94 crore from ₹338.41 crore, reflecting higher earnings during the year.
The board recommended a final dividend of ₹15 per equity share, or 150%, for FY26. This is in addition to the interim dividend of ₹15 per share already distributed during the financial year.
Business update
Nirlon continued to operate all five phases of Nirlon Knowledge Park, comprising approximately 47.63 lakh square feet of constructed area and 30.80 lakh square feet of licensable area.
The outstanding loan from HSBC stood at ₹1,150 crore as of March 31, 2026. The borrowing carried a CRISIL AA+/Stable rating.
What changes now
Shareholders also approved the reappointment of Kunnasagaran Chinniah, who retired by rotation.
Management said its priorities for FY27 include maintaining full occupancy across Nirlon Knowledge Park, expanding ESG initiatives through higher renewable energy usage and better water efficiency, and tracking demand trends across information technology, banking, financial services and global capability centre occupiers.
Risks to watch
Management identified potential changes in employment patterns driven by artificial intelligence, especially within the GCC ecosystem, along with climate-related risks affecting commercial real estate as areas that could influence future demand.