Outcome and Proceeding of 33rd AGM held on 17.09.2025
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Nova Iron & Steel Limited held its 33rd AGM on 17 September 2025 via video conferencing from 1:00 PM to 1:34 PM. Shareholders adopted the audited financial statements for FY ending 31 March 2025 and approved the reappointment of Mr. Hardev Chand Verma, who retires by rotation. As special business, members approved the appointment of Mr. Suraj Prakash Choudhary as Independent Director, ratified the Cost Auditors' remuneration for FY26, appointed M/s K.V. Bindra & Associates as Secretarial Auditor, approved a revision in the remuneration of Whole Time Director Mr. Dinesh Kumar Yadav, and authorised action under Section 180(1)(a) of the Companies Act, 2013. Voting results via e-voting will be filed separately once the Scrutinizer's Report is received.
Routine AGM proceedings with key governance changes including a new Independent Director on the board and an upward revision in the Whole Time Director's pay. Detailed voting outcomes are pending and will clarify shareholder sentiment on the remuneration hike and Section 180 borrowing authority.