Nila Infrastructures Limited has informed the Exchange regarding Notice of Postal Ballot
NILAINFRA · price
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Nila Infrastructures Limited has issued a Postal Ballot notice seeking shareholder approval for 5 material related party transactions for FY 2026-27. The resolutions cover transactions with 4 entities: Romanovia Industrial Park Pvt Ltd (50% JV), Kent Residential & Industrial Park LLP (JV entity), Vyapnila Terminal (Modasa) Pvt Ltd (associate company executing bus terminal redevelopment project), and Nila Spaces Ltd (demerged real estate entity). Additionally, transactions with Mr. Manoj B. Vadodaria (Chairman & CMD and promoter) are included covering land/property dealings and personal guarantees for bank loans. The company has provided INR 13.29 crore in transactions with Romanovia during FY 2024-25 and INR 20.31 crore in the current financial year up to December 2025. Voting ends on May 10, 2026 via NSDL e-voting platform. Related parties including Mr. Manoj Vadodaria and Mr. Deep Vadodaria are excluded from voting.
Shareholder approval is required under SEBI regulations as these transactions exceed 10% of annual consolidated turnover. The concentration of business with promoter-related entities and JV entities warrants monitoring for potential conflicts of interest. If approved, it enables continued operational flexibility with these related parties.