Nahar Spinning Mills Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 25, 2025
NAHARSPING · price
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Nahar Spinning Mills held its 45th Annual General Meeting on September 25, 2025, via video conferencing, with Managing Director Mr. Dinesh Oswal elected as Chairman for the meeting after the regular Chairman, Mr. Jawahar Lal Oswal, could not attend due to prior commitments. Nine resolutions were transacted and all were passed with the required majority, including adoption of FY2024-25 financial statements and a dividend of Rs. 1.00 per equity share (face value Rs. 5). The meeting also covered appointment of two non-executive directors, ratification of cost auditor remuneration, appointment of the secretarial auditor, approval of payment to the non-executive Chairman under SEBI regulations, and approval of related-party transactions. Both the statutory and secretarial auditors gave unqualified reports, and the company briefly addressed shareholders on the prevailing domestic and global textile market scenario.
Shareholders have approved a Rs. 1.00 per share dividend for FY25, providing a modest return, and all governance-related items cleared without issues. The notable absence of the regular Chairman and the approval of payment to him via a special resolution may draw some attention, but overall the clean audit reports and smooth passing of all resolutions are neutral to mildly positive for the stock.