The Board of Directors of the Company at their meeting held on 16th June 2025 had decided to hold the Annual General Meeting of the Company on Friday, 01st August 2025 through VC/OAVM and ....
NITTAGELA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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The Board of Directors of Nitta Gelatin India Ltd, at its meeting on 16th June 2025, approved holding the Annual General Meeting (AGM) on 1st August 2025 via Video Conferencing/Other Audio Visual Means. Additionally, the Board authorised the Managing Director to explore ways to dispose of the assets of its subsidiary, Bamni Proteins Ltd (BPL), citing the absence of a technically and commercially viable solution to restart BPL's factory operations. This disposal is subject to promoter concurrence and other necessary approvals. The Board meeting ran from 10:30 AM to 2:15 PM.
The AGM scheduling is routine, but the decision to exit the subsidiary's operations signals that the company is cutting its losses on a non-performing unit, which could free up management focus and resources for the core gelatin business. Shareholders should await further clarity on the expected financial recovery or write-down from the BPL disposal.