As per attached intimation
Awaiting price reaction for this filing.
NBCC (India) Limited's Board of Directors met on May 16, 2025, and approved two key items. First, the company appointed M/s Agarwal S. & Associates, a firm of Practicing Company Secretaries, as the Secretarial Auditor for FY 2024-25. Second, the Board took on record the incorporation of a new wholly owned subsidiary called 'NBCC Overseas Real Estate LLC' in Dubai Mainland, UAE. This subsidiary marks NBCC's formal entry into the UAE real estate market through a 100% owned entity. The meeting ran from 12:00 noon to 2:50 p.m. Detailed intimation for both items will follow separately.
The Dubai subsidiary formation signals NBCC's international expansion into overseas real estate, which could open new revenue streams over the long term. The secretarial auditor appointment is a routine compliance matter with no material impact on shareholders.