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Nirbhay Colours India Limited held its 33rd Annual General Meeting on September 26, 2025, via video conferencing, which concluded in about 22 minutes. Five resolutions were passed, covering: (1) adoption of audited financial statements for FY ended March 31, 2025, (2) re-appointment of Mr. Raghvendra Kulkarni (DIN: 06970323) as Executive Director, (3) declaration of a final dividend for FY 2024-25, (4) re-appointment of statutory auditors, and (5) appointment of a secretarial auditor for a 5-year term. All five resolutions were passed unanimously, with 10,96,000 shares (100% of valid votes) voted in favour and zero votes against. Shareholder participation was very low — only 10 out of 1,040 shareholders on record date cast votes, representing just 32.72% of the 33,50,000 outstanding shares.
Routine AGM business cleared without any opposition, and a final dividend for FY24-25 has been formally declared. While the smooth passage is neutral-to-positive for shareholders, the extremely low voting turnout (10 of 1,040 shareholders) suggests limited active retail engagement with this small-cap stock.