Nahar Spinning Mills Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 25, 2025
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Nahar Spinning Mills has called its 45th Annual General Meeting (AGM) on Thursday, September 25, 2025, at 10:00 AM, to be held through video conferencing. The AGM will consider adopting FY2024-25 financial statements and declaring a dividend of Rs. 1.00 per equity share (face value Rs. 5). Shareholders will vote on re-appointing two non-executive directors (Sh. Dinesh Gogna and Sh. Kamal Oswal) who retire by rotation, re-appointing Dr. Roshan Lal Behl as Independent Director for a second 5-year term (Sept 2025 to Sept 2030), and ratifying the appointment of M/s. Ramanath Iyer & Co. as Cost Auditors at Rs. 2.05 Lakhs for FY2025-26. The meeting will also appoint M/s. P.S. Bathla & Associates as Secretarial Auditor for five years (FY2025-26 to FY2029-30), approve payment of 0.50% of export sales to Chairman Sh. Jawahar Lal Oswal, and seek approval for related-party transactions with group companies (Oswal Woollen Mills, Monte Carlo Fashions, etc.) for three years starting April 2026. Record date for dividend eligibility is September 5, 2025, and e-voting will be open from September 22 to September 24, 2025.
Eligible shareholders will receive a Rs. 1.00 per share dividend if approved at the AGM. Most resolutions are routine or governance-related and unlikely to materially move the stock, but the re-appointment of the Chairman's export-linked pay and the long-term related-party transaction approvals are items retail investors may want to review before voting.