We wish to inform you that 39th Annual General Meeting of the members of the company will be held on Tuesday, 23rd September, 2025 at 3:00 p.m. IST through Video conferencing/ other Audio ....
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 has called its 39th AGM on Tuesday, 23rd September 2025 at 3:00 PM via Video Conferencing. Key items on the agenda include adopting the FY25 audited financial statements and declaring a dividend of Re. 0.22 per equity share (face value Re. 1). Shareholders will also vote on re-appointing Whole-Time Director Rajendra Sanghavi (retiring by rotation) and Independent Director Pravin Laheri for a second 5-year term, along with appointing M/s PHD & Associates as Statutory Auditors and M/s Somani & Associates as Secretarial Auditors for 5-year terms. A notable special resolution seeks to raise the overall cap on director remuneration above the standard 11% of net profits threshold allowed under the Companies Act, removing the per-director limit for Managing/Whole-time Directors. The e-voting window runs from 20th to 22nd September 2025, with the cut-off/record date set at 16th September 2025.
The Re. 0.22 dividend is modest in absolute terms but represents a 22% payout on face value. The special resolution to lift director remuneration limits beyond statutory caps is a key governance matter shareholders should review before voting, as it allows greater flexibility (and potentially higher payouts) to managerial personnel in profitable years.