Nelcast Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 01, 2025
NELCAST · price
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Nelcast Limited held its 43rd Annual General Meeting on August 1, 2025, via Video Conference, where all 8 resolutions were passed with overwhelming shareholder support. A total of 65,296,211 votes were polled, representing 75.05% of the total 87,001,200 outstanding shares. All resolutions received more than 99.99% votes in favour, with only 1,305 to 1,507 votes cast against across the various items. Key resolutions included adoption of FY25 audited financial statements, declaration of a dividend for FY 2024-25, re-appointment of Mr. P. Deepak and Ms. P. Divya as directors, re-appointment of Ms. Maheswari Mohan as Independent Director, continuation of Mr. R. Sridharan as Independent Director beyond age 75, appointment of Secretarial Auditors for FY2025-26 to FY2029-30, and ratification of Cost Auditors' remuneration. Resolutions 5 and 6 were passed as Special Resolutions while the rest were Ordinary Resolutions.
The near-unanimous approval of all 8 resolutions signals strong shareholder confidence in the company's management and governance. Shareholders can expect the declared FY25 dividend to be paid as approved, while no governance concerns arise from the voting outcome.