The proceedings of the 66th AGM held on Thursday, September 25,2025 at 12.00 noon (IST)
NIRLON · price
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Nirlon Ltd held its 66th AGM on September 25, 2025 via video conference, attended by 73 members and all directors except Mr. Sridhar Srinivasan. The Chairman reported 99.50% occupancy across all five phases of Nirlon Knowledge Park (NKP), covering roughly 30.80 lakh sq.ft. of licensable area, with ~15% license fee escalations kicking in as contracted. Profit before tax grew from Rs. 301.53 crore to Rs. 338.41 crore (Ind AS) year-on-year, driven by escalations and renewals at improved terms. The Board recommended a final dividend of Rs. 11 per share (110%) on top of the Rs. 15 per share (150%) interim dividend already paid, taking total FY25 dividends to Rs. 26 per share. Outstanding loan to HSBC stood at Rs. 1,150 crore, rated AA+/Stable by Crisil, and both the statutory auditor and secretarial auditor reports were clean with no qualifications.
High occupancy, rising profits, and a healthy total dividend of Rs. 26/share point to strong shareholder returns, though investors should note the Rs. 1,150 crore HSBC debt and the loss of a ~4.5 lakh sq.ft. tenant as watch items. E-voting results are expected within 48 hours and will confirm shareholder approval.