Outcome of 78th AGM held on September 17, 2025
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Tulsyan NEC Limited held its 78th AGM on September 17, 2025, via video conferencing, with 53 members present. A total of 10 resolutions were put to e-vote, including adoption of audited standalone and consolidated financial statements for FY ending March 31, 2025 (where auditor qualifications and management's reply were read out), re-appointment of Mr. Sanjay Agarwalla as Director liable to retire by rotation, and appointment of Secretarial Auditors. Special resolutions covered the re-appointment of Mr. Somasundaram Ponsing Mohan Ram as Independent Director for a second 5-year term, approval of remuneration to Executive Chairman Mr. Lalit Kumar Tulsyan, Managing Director Mr. Sanjay Tulsyan, and Whole Time Director Mr. Sanjay Agarwalla in case of absence or inadequacy of profits, along with approval of Related Party Transactions with Tulsyan Smelters Private Limited and Chitrakoot Steel and Power Private Limited.
Voting results are awaited and will be filed within 2 working days, but the resolutions suggest continued related party dealings and executive remuneration approvals even in low-profit scenarios. The presence of auditor qualifications on financial statements is a watchpoint shareholders should monitor when the scrutinizer's report and detailed results are released.