Please find enclosed herewith the Notice of 33rd AGM of Members of Company scheduled to be held on Wednesday, 17th day of September 2025 at 1:00 pm through VC/OAVM.
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Nova Iron & Steel has notified the 33rd Annual General Meeting to be held on Wednesday, September 17, 2025 at 1:00 PM via video conferencing. The Register of Members will be closed from September 11 to September 17, 2025 (cut-off date is September 11, 2025). Seven resolutions are on the agenda, including adoption of FY25 financial statements, re-appointment of Mr. Hardev Chand Verma as a director liable to retire by rotation, and appointment of Mr. Suraj Prakash Choudhary as Independent Director for five years. Shareholders will also be asked to ratify the cost auditor's remuneration of Rs. 25,000 (M/s J.K. Kabra & Co.) for FY26, approve M/s K.V. Bindra & Associates as Secretarial Auditor for five years (FY26-FY30) at Rs. 10,000, and revise the remuneration of CEO/Whole-Time Director Mr. Dinesh Kumar Yadav effective April 1, 2025 up to Schedule V limits. A special resolution seeks shareholder approval under Section 180(1)(a) to allow the Board to create charges on company assets in favor of lenders, banks, NBFCs or other entities. The AGM will be conducted electronically with e-voting via CDSL from September 14 (10:00 AM) to September 16 (5:00 PM).
The key items for shareholders are the CEO remuneration revision and the Section 180(1)(a) borrowing/asset-pledge approval — both indicate the company likely needs funding support, consistent with management noting the company has incurred losses under Section 198. New independent director and auditor appointments are routine governance items. No dividend or financial results details are included in this notice.