Netweb Technologies India Limited has submitted the Exchange a copy Srutinizers report 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, with 118 shareholders attending. All nine resolutions were passed, including adoption of FY25 audited financial statements and a final dividend of ₹2.50 per equity share (125% of face value). Mr. Niraj Lodha was re-appointed as a director retiring by rotation, and M/s P.C. Jain & Co was appointed as Secretarial Auditor. Four special resolutions approved profit-linked commission payments to MD Mr. Sanjay Lodha and Whole-Time Directors Mr. Navin Lodha, Mr. Vivek Lodha, and Mr. Niraj Lodha for FY24-25. Most resolutions passed with over 99% support, though the director re-appointment saw notable dissent from public institutional investors (42.24% voted against). Voting was conducted via remote e-voting and electronic voting at the AGM, with MUFG Intime India as the service provider.
The final dividend of ₹2.50 per share is confirmed for eligible shareholders. Strong shareholder approval on routine matters reflects confidence in management, though some institutional investors showed meaningful resistance to the Niraj Lodha re-appointment, which retail investors may want to note. Commission payouts to promoter-directors were also approved without major opposition.