Nitiraj Engineers Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 23, 2025
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Nitiraj Engineers Limited has filed the notice for its 26th Annual General Meeting to be held on Tuesday, 23rd September 2025 at 1:00 PM through video conferencing. The key business items include adoption of FY25 audited financial statements and declaration of a final dividend of 15% (Re. 1.5 per equity share of Rs. 10 face value). Other resolutions seek ratification of Cost Auditors' remuneration (Rs. 55,000), appointment of M/s D Sagar & Associates as Secretarial Auditor for five years (Rs. 75,000), re-appointment of Mr. Gajendra Deshmukh as director retiring by rotation, and re-appointment of two Whole-time Directors for five-year terms. Shareholders will also vote on upward revision in remuneration for Managing Director Mr. Rajesh Bhatwal (Rs. 60.05 lakh p.a.) and three Whole-time Directors, plus sales-linked incentives of about Rs. 1 crore for Mr. Gajendra Deshmukh. The record date for dividend eligibility and e-voting is 16th September 2025, and dividend payment will start from 28th September 2025.
A modest final dividend of Re. 1.5 per share signals steady but unspectacular returns for shareholders. The proposed increases in director remuneration, payable even in years of inadequate profits, and the new sales-linked incentive structure are the more material items that minority shareholders should review before voting.