NBCC (India) Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 24, 2025. Further, the company has informed the Exchange regarding voting results.
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NBCC (India) Limited held its 65th AGM on September 24, 2025, via video conferencing, and all 13 resolutions were passed with requisite majority. Voting participation was high, with about 2,074 million votes polled representing 76.84% of the 2,700 million outstanding shares. Key resolutions included adoption of FY25 audited financial statements, confirmation of an interim dividend of Rs. 0.53 per share (53%), and declaration of a final dividend of Rs. 0.14 per share (14%), taking total FY25 dividend to Rs. 0.67 per share. Shareholders also approved the appointment of Shri Anjeev Kumar Jain as Director (Finance) and four Independent Directors (Dr. Deepak Singh, Prof. Bhimrao Panda Bhosale, Shri Rajeev Kumar, and Shri Vishal Puri), along with the appointment of the Secretarial Auditor for a five-year term. Notably, public institutional investors voted against the re-appointment of Shri Sanjeet (54.62% against) and showed significant dissent on Shri Rajeev Kumar's re-appointment (48.51% against), though promoter support ensured both resolutions passed.
All resolutions were approved, confirming the FY25 total dividend of Rs. 0.67 per share and the Board's composition. The dissent from public institutional investors on a few director re-appointments, particularly Shri Sanjeet where institutions voted majority against, signals some investor concern over board continuity, but the resolutions comfortably passed overall with no immediate impact on share price expected.