Nelcast Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 01, 2025
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Awaiting price reaction for this filing.
Nelcast Limited held its 43rd AGM on August 1, 2025, via video conferencing, starting at 3:30 PM and closing at 4:03 PM. Eight resolutions were put to vote, including adoption of audited financial statements for FY ending March 2025, declaration of a dividend for FY 2024-25, and re-appointment of directors Mr. P. Deepak and Ms. P. Divya (both retiring by rotation). Special resolutions covered the re-appointment of Ms. Maheswari Mohan as Independent Director for a second 5-year term and the continuation of Mr. R. Sridharan as Independent Director beyond age 75. Ordinary resolutions also approved the appointment of Secretarial Auditors for FY 2025-26 to 2029-30 and ratification of Cost Auditor remuneration for FY 2025-26. E-voting was facilitated through NSDL with Mr. P.R. Lakshmi Narayanan acting as Scrutinizer. The actual voting results are yet to be filed with the stock exchanges.
The dividend declaration for FY 2024-25 is a positive signal for income-focused shareholders. The other items are routine governance matters and unlikely to move the stock significantly; investors should watch for the separate filing of voting results for confirmation of shareholder approval.