NELCO Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on Jun 24, 2025. Further, the company has submitted the Exchange a copy of Srutinizers report.
NELCO · price
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NELCO Limited held its 82nd Annual General Meeting on June 24, 2025, via video conferencing, which concluded at 5:40 p.m. Out of 71,567 shareholders on record, all 7 ordinary resolutions were passed with overwhelming support. Each resolution received 1,20,19,526 votes in favor (99.9954%) and only 558 votes against (0.0046%). The resolutions covered adoption of audited standalone and consolidated financial statements for FY2025, declaration of a dividend on equity shares, re-appointment of Mr. Saurabh Ray as a director retiring by rotation, re-appointment of statutory auditors, appointment of secretarial auditor, and ratification of cost auditor's remuneration. The Statutory and Secretarial Audit reports had no qualifications or adverse remarks.
All resolutions were approved with near-unanimous support, reflecting strong shareholder confidence. Shareholders will benefit from the declared dividend, while continuity in leadership and auditor appointments signals stability. This is a routine compliance filing with no material negative signals for the stock.