NMDC Limited has informed the Exchange about Shareholders meeting - Proceedings of 67th Annual General Meeting of NMDC Limited held on28th August 2025
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NMDC Limited held its 67th AGM on 28 August 2025 via video conferencing, attended by 123 shareholders and chaired by CMD Shri Amitava Mukherjee. The meeting ran from 11:30 to 13:16 IST and covered adoption of FY25 audited financial statements, dividend approval, and director appointments. Shareholders approved a final dividend of ₹1.00 per share, taking the total FY25 dividend to ₹3.30 per share (including the ₹2.30 interim dividend already paid) on a face value of ₹1.00. The Statutory Auditors (M/s Varma & Vama) issued an unqualified (clean) audit report for FY25. Fourteen resolutions were passed, including re-appointment of two directors, appointment of three Independent Directors, one Government Director, and ratification of Cost Auditor remuneration. The Secretarial Auditor's report contained an observation about inadequate number of Independent Directors (including a Woman Independent Director) on the Board. Shareholders appreciated the company's operational performance, dividend, and bonus issue, and the CMD replied to queries on future prospects and environmental matters. The combined voting results and scrutinizer's report will be submitted to stock exchanges separately.
A clean statutory audit report and total dividend of ₹3.30 per share are positive signals for shareholders, though the secretarial auditor's note on board composition is a minor governance concern. The final voting results are still awaited and will be filed separately with the exchanges.