Nandan Denim Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 17, 2025
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Nandan Denim Limited has filed the notice for its 31st Annual General Meeting (AGM) to be held on Wednesday, September 17, 2025 at 3:00 PM via video conferencing. The main items on the agenda are the adoption of FY2024-25 financial statements and the reappointment of Mr. Shaktidan Jayendrasingh Gadhavi as a director. Shareholders will also vote on ratifying the cost auditor's fee (up to ₹3 lakhs for FY2025-26), appointing a new Secretarial Auditor (J.D. Khatnani & Associates) for five years starting at ₹1 lakh per year, and bringing on two new independent directors — Mr. Suresh Chatterjee and Mr. Ambalal C. Patel — each for five-year terms. The most significant item is shareholder approval for related party transactions with promoter company Chiripal Industries Limited worth up to ₹750 crore in FY2025-26. The company also noted that ₹7.82 lakh of unclaimed dividends and 3,83,100 corresponding shares from FY2016-17 were transferred to the Investor Education and Protection Fund in November 2024.
Investors should pay close attention to the ₹750 crore related party transaction with the promoter group, as this is a sizeable governance matter requiring shareholder approval. E-voting runs from September 14-16, 2025, with a record date of September 10, 2025, giving shareholders time to review and cast votes on all resolutions.