Nitin Spinners Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 06, 2025
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Nitin Spinners has filed the notice for its 33rd Annual General Meeting scheduled for Saturday, September 6, 2025 at 3:00 PM via video conferencing, along with the Annual Report for FY25. Shareholders will consider adopting the audited FY25 financial statements and approving a final dividend of Rs. 3.00 per equity share. The AGM also seeks re-appointment of Shri Pratyush Nolakha, a promoter-executive director and son of CMD Dinesh Nolkha, who retires by rotation, and appointment of M/s V.M. & Associates as Secretarial Auditors for a 5-year term from April 2025 to March 2030 at an annual fee of Rs. 2 lakh. Cost auditor remuneration of Rs. 1 lakh for FY26 to M/s Vivek Laddha & Associates is also up for ratification. The register of members will be closed from August 31 to September 6, 2025, with e-voting open from September 2 to September 5.
Eligible shareholders stand to receive a Rs. 3.00 per share final dividend if approved at the AGM, payable within 30 days. Re-appointment of the young promoter-family director (IIM Ahmedabad alumnus) reinforces leadership continuity, while the 5-year secretarial auditor appointment is a routine governance update with no material financial implication.