Nucleus Software Exports Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on July 28, 2025
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Nucleus Software Exports Limited held its 36th Annual General Meeting on July 28, 2025 via video conferencing. Shareholders approved all 7 ordinary resolutions and 1 special resolution with the required majority. Key approvals included adoption of FY25 financial statements (96.84% in favor), a final dividend of Rs 12.50 per equity share (96.84% in favor), re-appointment of directors Mr. Vishnu R Dusad, Dr. Ritika Dusad, and Mr. Parag Bhise, appointment of Mrs. Yasmin Javeri Krishan as Independent Director, and appointment of M/s. PI & Associates as Secretarial Auditors. Voting turnout was about 64.5% of outstanding shares, with promoters (78.92% holding) voting 100% in favor of all resolutions. Notably, institutional public investors showed meaningful dissent (~36%) against the re-appointment of Dr. Ritika Dusad and Mr. Parag Bhise, though overall resolutions still passed comfortably.
Shareholders can expect the final dividend of Rs 12.50 per share to be disbursed soon. All board re-appointments and corporate actions have shareholder backing, providing continuity in governance. The ~36% dissent from institutional investors on certain director re-appointments is worth noting as a signal of some institutional disagreement with management proposals, though not enough to block them.