NDL Ventures Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 29, 2025
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NDL Ventures Limited (formerly NXTDIGITAL Limited) has informed the exchanges about its 40th Annual General Meeting scheduled for Friday, August 29, 2025 at 3:00 PM, to be held through video conferencing. Key items on the AGM agenda include adoption of audited financial statements for FY ended March 31, 2025 and declaration of a dividend of Rs. 0.50 per equity share (5% on face value of Rs. 10). Shareholders will also vote on re-appointment of statutory auditor M/s S K Patodia & Associates LLP for a second 5-year term (FY 2025-26 to FY 2029-30) and re-appointment of Mr. Amar Chintopanth as Whole-Time Director & CFO for two years from September 2025. The notice also seeks shareholder approval for material related party transactions with several Hinduja group entities, the most notable being sale of Bengaluru land held as inventory to Hinduja Realty Ventures Limited for up to Rs. 250 crore. Other related party approvals sought are with IndusInd Media & Communications (Rs. 30 crore), OneOTT Intertainment (Rs. 30 crore), IN Entertainment India (Rs. 20 crore), and Hinduja Global Solutions (Rs. 20 crore). The record date for dividend entitlement is August 22, 2025, with remote e-voting open from August 25 to August 28, 2025.
Retail investors should note the modest 5% dividend and pay close attention to the Rs. 250 crore related party land sale, which is the largest item requiring shareholder approval. Shareholders must update PAN, KYC and bank mandate with KFin Technologies by August 16, 2025 to receive the dividend without higher tax deduction or delays.