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Netweb Technologies shareholders approve financials, dividend, and director appointments

August 31, 2025 at 11:19 AM UTCBy FilingReader AI

Netweb Technologies India Limited announced the results of its 26th Annual General Meeting (AGM) held on Saturday, August 31, 2025. All resolutions, including the adoption of audited financial statements for the year ended March 31, 2025, were passed with significant shareholder support. For Agenda-1, 99.9999% of votes were in favour.

Shareholders approved a final dividend of ₹2.50 per equity share (125% of face value) for the fiscal year ended March 31, 2025, with 99.9999% of votes cast in favour. The appointment of Niraj Lodha as a director saw 93.5576% of votes in favour, while the ratification of the cost auditors' remuneration for 2025-26 received 99.9999% in favour.

Special resolutions for the payment of commission to managing director Sanjay Lodha, and whole time directors Navin Lodha and Vivek Lodha for FY 24-25 were also approved. Sanjay Lodha's commission received 98.7539% in favour, Navin Lodha's 99.1714%, and Vivek Lodha's 99.1743%. Additionally, the appointment of M/s P.C Jain & Co as secretarial auditors for the company was approved with 99.9999% of votes in favour.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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