Meeting Details

  • Date: Wednesday, 24th June 2026
  • Time: 3:30 p.m. IST
  • Location: Conducted via Video Conference (VC) / Other Audio Visual Means (OAVM)
  • Type: Annual General Meeting
  • Cut-off Date: Wednesday, 17th June 2026 for determining voting eligibility

Proposed Resolutions and Implications

Ordinary Business:

1. To receive, consider and adopt the Audited Financial Statements for the financial year ended 31st March 2026 together with Reports of Board of Directors and Auditors

2. To receive, consider and adopt the Audited Consolidated Financial Statements for the financial year ended 31st March 2026 together with Report of Auditors

3. To declare a dividend of ₹1 per equity share of ₹10 (10%) for financial year ended 31st March 2026

4. To appoint Mr. A. S. Lakshminarayanan (DIN 08616830) who retires by rotation and offers himself for re-appointment

Special Business:

5. Ratification of Cost Auditor's Remuneration: Ordinary Resolution to ratify remuneration of ₹1,25,000 (Rupees One lakh twenty-five thousand) plus GST and reimbursement of out-of-pocket expenses payable to P. D. Dani & Associates, Cost Accountants (Firm Registration No. 000593) for conducting audit of cost records for FY2025-26

Voting Process and Methods

The Company provides multiple voting methods in compliance with SEBI regulations and Companies Act, 2013:

Remote e-Voting:

  • Period: Friday 19th June 2026 at 9:00 a.m. IST to Tuesday 23rd June 2026 at 5:00 p.m. IST
  • Platform: NSDL e-Voting system (www.evoting.nsdl.com)
  • Service Provider: National Securities Depository Limited (NSDL)
  • Voting Rights: Proportional to paid-up equity share capital as on cut-off date (17th June 2026)

Voting During AGM:

  • Members participating via VC/OAVM who haven't voted remotely can vote during the meeting
  • e-Voting module disabled 15 minutes after meeting conclusion
  • Members who already voted remotely cannot vote again

Shareholder Participation Details

  • Book Closure: Wednesday, 10th June 2026 to Tuesday, 16th June 2026 (both days inclusive)
  • Record Date: Tuesday, 9th June 2026 for dividend eligibility
  • Dividend Payment: On or after Friday, 26th June 2026 after TDS deduction
  • VC/OAVM Access: Available 30 minutes before and 15 minutes after meeting commencement
  • Capacity: Minimum 1,000 members on first-come-first-served basis (excludes large shareholders, promoters, institutional investors, directors, KMPs, committee chairpersons, auditors)

Scrutinizer Appointment and Role

Mr. P. N. Parikh, Company Secretary (FCS No. 327) or failing him Mr. Mitesh Dhabliwala, Company Secretary (FCS No. 8331) or failing him Ms. Sarvari Shah, Company Secretary (FCS 9697) of Parikh and Associates have been appointed as Scrutinizer to:

  • Scrutinize remote e-Voting process before and during AGM
  • Prepare consolidated Scrutinizer's Report within 48 hours of meeting conclusion
  • Ensure fair and transparent voting process

Compliance with Laws and Regulations

The notice confirms compliance with:

  • Companies Act, 2013
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • MCA General Circular Nos. 14/2020, 17/2020, 20/2020, and 03/2025
  • Companies (Management and Administration) Rules, 2014
  • Companies (Cost Records and Audit) Rules, 2014
  • SEBI Circular dated December 9, 2020 on e-Voting facility
  • SEBI Master Circular No. SEBI/HO/MIRSD/POD-1/P/CIR/2024/37 dated May 07, 2024

Signatories and Company Information

  • Company Secretary: Ritesh N. Kamdar (ACS 20154)

Additional Financial and Procedural Information

  • Dividend Taxation: Dividend income taxable in shareholders' hands with TDS deduction at prescribed rates under Income Tax Act, 2025
  • Unclaimed Dividend: Dividends unclaimed for 7 consecutive years transferred to Investor Education and Protection Fund (IEPF)
  • Share Dematerialization: SEBI mandates all service requests and transfers to be processed only in dematerialized form
  • RTA: MUFG Intime India Private Limited serves as Registrar and Transfer Agent
  • Annual Report Availability: Available on company website at https://www.nelco.in/pdf/Annual-Reports/NELCO-Limited/83-annual-report-2025-26.pdf