Nitiraj Engineers Limited has submitted the Exchange a copy Srutinizers report of Extraordinary General Meeting held on May 09, 2025. Further, the company has informed the Exchange regarding voting results.
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Nitiraj Engineers Limited held an Extraordinary General Meeting (EGM) on May 9, 2025, via video conferencing, where two special resolutions were put to vote through remote e-voting. The first resolution, to regularize the appointment of Mr. Anil Nandkishor Bangad (DIN: 07186755) as an Independent Director, was passed with overwhelming support — 83.69 lakh votes in favor (99.84%) against just 13,557 votes against (0.16%), with 81.78% of total outstanding shares participating. The second resolution, to raise the overall managerial remuneration ceiling from 11% of net profits, was also approved, with 97.57% of valid votes in favor (5.45 lakh votes) and 2.43% against. Scrutinizer CA Yash Goyal confirmed both resolutions passed with the requisite special resolution majority (above 75%).
Both resolutions cleared comfortably, signaling strong shareholder backing. The higher managerial remuneration cap gives the company more flexibility on executive pay, while the director regularization completes the board. No material negative signal from the voting pattern — minor dissent came from just 13,557 shares on each resolution.