Netweb Technologies India Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 30, 2025
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Netweb Technologies held its 26th AGM on August 30, 2025 via video conferencing, chaired by Managing Director Sanjay Lodha. The meeting covered nine business items put to remote e-voting (held from August 26-29, 2025) and e-voting during the AGM. Key items included adoption of FY25 audited financial statements, declaration of a final dividend of Rs. 2.50 per share (125% of face value) for FY25, re-appointment of Mr. Niraj Lodha as director (retiring by rotation), and ratification of Cost Auditors' remuneration for FY26. Four special resolutions sought shareholder approval for profit-based commission payments to the four promoter-director brothers (Sanjay, Navin, Vivek, and Niraj Lodha) for FY25. The company also proposed appointing M/s P.C Jain & Co as Secretarial Auditors. Voting results are to be filed with the exchanges by September 1, 2025.
The declared Rs. 2.50 dividend per share is a tangible return for shareholders from FY25 earnings. Commission payments to promoter-directors, while standard, may attract attention from shareholders monitoring promoter remuneration. The actual voting outcome, once filed, will confirm whether all resolutions passed, which is routine but worth tracking for any dissent on related-party items.