N. B. I. Industrial Finance Company Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 22, 2025
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N.B.I. Industrial Finance Company has issued the notice for its 90th Annual General Meeting scheduled for Friday, August 22, 2025 at 10:30 AM at its registered office in Kolkata. The agenda includes adopting the audited standalone and consolidated financial statements for FY ended March 31, 2025, and declaring a dividend of Rs. 0.50 per equity share (10% on face value of Rs. 5), subject to shareholder approval. Other items include re-appointment of directors Shri Ashok Bhandari and Shri Jagdish Prasad Mundra (retiring by rotation), fixing remuneration of Statutory Auditors M/s. R Kothari & Co LLP, re-appointment of Ms. Priyanka Mohta as Non-Executive Independent Director for a second term of 59 months till August 28, 2030, and appointing M/s. Baid & Bengani Associates LLP as Secretarial Auditor for five years (FY 2025-26 to 2029-30). The record date and cut-off date for voting is August 15, 2025, with e-voting open from August 19 to 21, 2025. Dividend, if approved, will be paid on or after August 25, 2025.
Routine AGM notice with no surprise items; the proposed Rs. 0.50 per share dividend (same as last year's Rs. 0.50) is the key event for shareholders, who must hold shares by the August 15, 2025 record date to be eligible. Approval of the resolutions is largely procedural and unlikely to materially move the stock.