Record date for e-voting is 18th September, 2025
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Awaiting price reaction for this filing.
Nilachal Refractories has notified that its 48th Annual General Meeting will be held on Thursday, 25th September 2025 at 12:30 PM via video conferencing. The record date (cut-off) for e-voting eligibility is 18th September 2025, and the Register of Members and Share Transfer Books will be closed from 19th September to 25th September 2025. Remote e-voting through NSDL will be open from 22nd September (9:00 AM) to 24th September (5:00 PM). Shareholders will vote on adopting FY25 audited financials, re-appointing Mr. Vinay Agarwal (rotating director), and appointing Ms. Twinkle Agarwal as Secretarial Auditor for 5 years (FY26–FY30) at Rs. 10,000 per annum. The Directors' Report reveals turnover collapsed to Rs. 1.06 Cr (from Rs. 3.14 Cr) and net loss widened sharply to Rs. 22.01 Cr, with cumulative losses of Rs. 61.95 Cr carried forward; no dividend has been declared. The statutory auditors have issued a qualified opinion, and management is exploring strategic investors and business diversification to address going concern concerns.
Shareholders holding shares as of 18th September 2025 are eligible to vote and should use the remote e-voting window (22–24 September). The deeply negative financials, qualified audit opinion, and zero dividend signal continued stress on the business, which may weigh on the stock, though management's diversification and investor outreach plans offer a potential turnaround angle.