Outcome of Annual General Meeting of Nitin Castings Limited held on 01st September, 2025 at 12.00 Noon
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Nitin Castings Limited held its 42nd AGM on September 1, 2025 via video conferencing, where all 8 resolutions were passed with overwhelming majority (~99.99% in favour). Key items approved include adoption of FY25 audited financial statements, re-appointment of Mr. Nipun Kedia as director (retiring by rotation), and a final dividend of Rs. 3 per equity share for FY25. Shareholders also approved ratification of related party transactions, cost auditor remuneration, and appointment of a secretarial auditor for 5 years. Two special resolutions were passed to increase managerial remuneration payable to Chairman & MD Mr. Nitin Kedia and Director Mr. Nirmal Kedia. Out of 1,614 shareholders on record date, 23 members attended the 15-minute meeting, with 43,44,913 votes cast in favour versus just 32 votes against across all resolutions.
Shareholders are set to receive a Rs. 3 per share final dividend for FY25, signalling consistent returns. The increase in promoter-director remuneration (Kedia family) was approved with near-unanimous support, reflecting strong promoter control with ~60.6% shareholding. The clean passage of all resolutions with negligible dissent suggests stable governance with no significant shareholder concerns.