NDL Ventures Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 29, 2025 along with a copy of minutes.
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NDL Ventures Limited (formerly NXTDIGITAL Limited) held its 40th AGM on August 29, 2025 at 3:00 PM via video conferencing, with 41 members in attendance. Shareholders considered 11 resolutions covering both ordinary and special business, including approval of the FY25 audited financial statements (auditor's report and secretarial audit report had no qualifications or adverse remarks), declaration of a dividend of Re. 0.50 per equity share (face value Rs. 10), and re-appointment of statutory auditors M/s S K Patodia & Associates LLP for five years. Directors Amar Chintopanth (Whole-Time Director & CFO) and Sachin Pillai were re-appointed, with Chintopanth's remuneration requiring a special resolution. Five material related party transactions with Hinduja group entities — Hinduja Realty Ventures, IndusInd Media & Communications, IN Entertainment (India), OneOTT Intertainment, and Hinduja Global Solutions — were also placed for shareholder approval. E-voting results are to be declared within two working days, by September 2, 2025.
Shareholders stand to receive a modest dividend of Re. 0.50 per share, subject to e-voting confirmation. The cluster of related party transactions with Hinduja group companies indicates significant intra-group business activity, and investors should watch the e-voting outcome on September 2 for any signals on shareholder sentiment toward management proposals.