Intimation of 78th AGM Notice and Annual Report 2024-25 of Tulsyan NEC Limited

Tulsyan NEC Limited has issued the notice for its 78th Annual General Meeting scheduled for Wednesday, September 17, 2025 at 11:30 AM via video conferencing, along with the Annual Report for FY 2024-25. Ordinary business includes adoption of audited financial statements and re-appointment of Sanjay Agarwalla as a director liable to retire by rotation. Special business includes appointment of M Damodaran & Associates LLP as Secretarial Auditors for 5 years (FY 2025-26 to 2029-30) at Rs 67,000 per year, ratification of Cost Auditor Murthy & Co LLP's fee at Rs 70,000 for FY 2025-26, and re-appointment of Somasundaram Ponsing Mohan Ram as Independent Director for a second 5-year term. Shareholders are also being asked to approve remuneration for three executive directors (Lalit Kumar Tulsyan, Sanjay Tulsyan, and Sanjay Agarwalla) for two-year periods in case of inadequate profits. Two material related party transaction approvals are sought: Rs 1,410 crore with Tulsyan Smelters Private Limited (including Rs 1,000 crore of sales) and Rs 235 crore with wholly owned subsidiary Chitrakoot Steel and Power Private Limited, both over three-year periods through FY 2027-28.