Proceedings of the Extra Ordinary General Meeting.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Nikhil Adhesives Limited held an Extra-Ordinary General Meeting (EGM) on June 16, 2025, via video conferencing from its registered office in Andheri East, Mumbai, from 3:00 PM to 3:34 PM IST. Four special resolutions were put to vote through e-voting: (1) regularization of Mr. Sethunathan Charlayath Laxmanan as Non-Executive Independent Director, (2) appointment of Dr. Satish Gaonkar as Executive Director, (3) appointment of Mr. Madhu T Ankleshwaria as Independent Director, and (4) increase in borrowing limits of the Company under Section 180(1)(c) of the Companies Act, 2013. Remote e-voting was open from June 13 to June 15, 2025, with the cut-off date set as June 9, 2025. The meeting was chaired by Executive Director Mr. Tarak J. Sanghavi, with Mrs. Beena Khandelwal as Company Secretary and M/s. Somani and Associates acting as scrutinizer. Voting results will be submitted to stock exchanges within two working days.
The EGM signals board restructuring with three director appointments/regularizations and an expansion of the Company's borrowing capacity. Shareholders should watch for the upcoming voting results to confirm whether these resolutions were passed, as the increased borrowing limit could lead to higher debt levels going forward.