Disclosure of Voting results of 39th AGM of Nikhil Adhesives Limited held on Tuesday, 23rd September, 2025
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Nikhil Adhesives Limited held its 39th AGM on September 23, 2025, via video conferencing, where all 8 resolutions were passed with overwhelming majority. Key items approved include adoption of the audited financial statements for FY ending March 31, 2025, and a dividend of Re. 0.22 per equity share (face value Re. 1). Mr. Rajendra Jayantilal Sanghavi was reappointed as Whole-Time Director (retiring by rotation), and Mr. Pravin Kanubhai Laheri was reappointed as Independent Director for a second 5-year term. M/s PHD & Associates was appointed as the new Statutory Auditor, M/s Somani & Associates as Secretarial Auditor, and shareholders also approved increasing the overall maximum remuneration limit payable to all directors. Total votes polled stood at 16,796,780 (about 36.56% of 45,943,000 outstanding shares), with promoter group holding 25,010,100 shares.
All resolutions cleared with over 98% support, signaling smooth governance with no shareholder dissent on key items. Shareholders can expect the declared Re. 0.22 per share dividend, while the higher director remuneration cap and new auditor appointments are routine corporate housekeeping measures with no material impact expected on the stock price.