Nelcast Limited has informed the Exchange regarding Notice of undefined to be held on August 01, 2025
NELCAST · price
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Nelcast Limited has announced its 43rd Annual General Meeting to be held on Friday, 1st August 2025 at 3:30 PM through video conferencing. The agenda includes adopting FY2024-25 audited financial statements, declaring a dividend of ₹0.50 per share, and re-appointing Managing Director P. Deepak and Director P. Divya (who are related) via retirement by rotation. Special business items include re-appointing Independent Director Ms. Maheswari Mohan for a second 5-year term, allowing Mr. R. Sridharan to continue as Independent Director past age 75 (till 22nd May 2027), appointing M/s. L.D. Reddy & Co. as Secretarial Auditors for FY2025-26 to FY2029-30, and ratifying ₹2,25,000 remuneration for Cost Auditors. The record date for dividend eligibility is 25th July 2025, with remote e-voting open from 28th July to 31st July 2025.
Routine AGM notice with no material surprises. The modest ₹0.50 per share dividend signals a steady but not aggressive payout to shareholders. Director re-appointments and auditor changes are procedural and unlikely to move the stock, though shareholders should note the controlling family (P. Deepak and P. Divya) is seeking to continue at the helm.