The 66th AGM Notice for the F.Y. 2024-25
NIRLON · price
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Nirlon Ltd has issued the notice for its 66th AGM to be held on Thursday, September 25, 2025 at 12:00 noon (IST) via Video Conferencing (VC/OAVM). The Board has recommended a final dividend of ₹11.00 per equity share (110% on face value of ₹10) for FY 2024-25, with a record date of September 11, 2025 and payment expected after September 30, 2025. Shareholders will also vote on re-appointing Mr. Arjun Khullar (Nominee Director) by rotation, continuing Mr. Rajinder Pal Singh as Independent Director (who will turn 75 in October 2026), re-appointing Mr. Rahul V. Sagar as Executive Director & CEO for five years (Feb 2026 to Jan 2031) with annual cost to company ranging from about ₹3.13 crore to ₹3.52 crore, and appointing Alwyn Jay & Co as Secretarial Auditors for five years. The cost auditor remuneration of ₹1,50,000 for FY 2025-26 is also up for ratification.
The 110% dividend signals strong profitability and healthy cash flows for FY25, which is positive for shareholders — the record date is September 11, 2025, so investors must hold shares by then. The re-appointment of the CEO for another five-year term provides leadership continuity, though shareholders will be voting on a sizable remuneration package.