Nilkamal Limited has informed the Exchange about Summary of Proceedings of 39th AGM held on July 18, 2025 along with the Scrutinizers Report and Voting Results.
NILKAMAL · price
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Nilkamal Limited held its 39th Annual General Meeting on July 18, 2025, via video conferencing, with 49 members in attendance. Seven resolutions were approved, including the adoption of audited standalone and consolidated financial statements for FY25. Shareholders approved a final dividend of Rs. 20 per equity share (face value Rs. 10), effectively a 200% dividend. Re-appointment of Managing Director Hiten V. Parekh and continuation of Chairman Sharad V. Parekh as Non-Executive Director were also cleared. All resolutions passed with near-unanimous support, with over 12.02 lakh votes cast in favour out of roughly 14.92 lakh total shares. Voting turnout was about 80.57%, with promoters (64.5% stake) and public institutions voting fully in favour.
Routine AGM proceedings with full shareholder approval on all items. The Rs. 20 final dividend is a positive cash return for shareholders, and clean auditor reports (no qualifications) reinforce confidence in the company's financial health. No governance concerns as all resolutions passed with overwhelming majority.