NOCIL Limited has informed the Exchange about Shareholders meeting
NOCIL · price
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Awaiting price reaction for this filing.
NOCIL Limited held its 63rd Annual General Meeting on 7th August 2025 through video conferencing, chaired by Chairman Mr. Hrishikesh A. Mafatlal. All five resolutions were approved with the requisite majority, including adoption of audited (standalone and consolidated) financial statements for the financial year ended 31st March 2025. Shareholders approved a dividend of Rs. 2 per equity share (face value Rs. 10 each) and re-appointed Mr. Priyavrata H. Mafatlal as a director, who was retiring by rotation. The auditors had no qualifications, observations, or adverse comments on the financial statements, and the company also ratified the remuneration of cost auditors and appointed Parikh & Associates as secretarial auditors.
The Rs. 2 per share dividend is a routine payout and signals stable cash generation, while the clean audit report and re-appointment of the existing director suggest business-as-usual with no governance red flags. This is a standard AGM compliance filing, so it is unlikely to trigger any significant stock price movement.