N R Agarwal Industries Limited has informed the Exchange regarding Proceedings of 32nd Annual General Meeting held on September 24, 2025. Further, the Company has submitted the Exchange a copy of Scrutinizer's report along with voting results.
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N R Agarwal Industries Limited held its 32nd AGM on September 24, 2025, via video conferencing from 11:30 a.m. to 12:36 p.m. All 12 resolutions were passed with the required majority, with most receiving over 99.9% approval. Key items approved include adoption of FY25 financial statements, a final dividend of Rs. 2 per equity share, and re-appointment of Smt. Reena Agarwal, Shri Raunak Agarwal, and Shri Rohan Agarwal as Executive Directors for another 3-year term. Shareholders also cleared the shifting of the registered office from Maharashtra to Gujarat, alteration of the object clause of the Memorandum of Association, and the appointment of Shri Mahendra Kumar Gupta as a new Independent Director for 5 years. Voting participation was strong, with about 73.87% of total shares (1.25 crore out of 1.70 crore) being polled via remote e-voting and e-voting during the meeting. Total number of shareholders on record date was 8,905. The scrutinizer, Ms. Jigyasa Ved of Parikh & Associates, validated the voting process.
Shareholders will receive a Rs. 2 per share dividend, confirming a modest payout for FY25. The registered office shift to Gujarat may signal business expansion or tax-related restructuring. Strong promoter-backed approval (>99%) of all resolutions, including re-appointment of the Agarwal family as Executive Directors, suggests stable management continuity with limited dissent from minority shareholders.