Nitiraj Engineers Limited has informed the Exchange regarding Board meeting held on August 30, 2025.
NITIRAJ · price
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Nitiraj Engineers' Board approved the Annual Report and Auditor's Report for FY 2024-25 and fixed the 26th AGM for Tuesday, September 23, 2025 at 1:00 PM via video conferencing. The Board set the record date as September 16, 2025 to determine shareholders entitled to receive dividend for FY 2024-25, with the share transfer book closed from September 17-23, 2025. M/s D Sagar & Associates was appointed as Secretarial Auditor for five years starting April 1, 2025, subject to shareholder approval. The Board also approved a deviation in the use of unutilised proceeds from the public issue, shifting funds from issue expenses to other heads (requires postal ballot approval). Additionally, Mrs. Shakuntala Bhatwal and Mr. Yi Hung Sin were reappointed as Whole-time Directors for five years effective September 28, 2025, pending shareholder approval.
Routine AGM-related decisions, but the proposed reallocation of IPO issue proceeds to other purposes is a notable governance item that may draw investor attention and requires postal ballot approval. Dividend entitlement is confirmed for shareholders on record by September 16, 2025.