India Nippon Electricals shareholders approve all resolutions at 40th AGM

India Nippon Electricals Limited announced the voting results of its 40th Annual General Meeting (AGM) held on September 19, 2025. All six resolutions proposed at the meeting were passed with the requisite majority, as detailed in the scrutinizer's report. Out of 22,621,424 total shares, 16,178,171 votes were polled across all resolutions, representing a 71.5170% participation rate.

The ordinary resolutions, including the adoption of the audited financial statements for the year ended March 31, 2025, confirmation of the interim dividend for 2024-25, re-appointment of Mrs. Priyamvada Balaji as director, ratification of the cost auditor's remuneration, and the appointment of the secretarial auditor, all passed with over 99.99% votes in favor.

A special resolution to consider and approve minimum remuneration and annual remuneration in excess of 5 crores payable to Mr. Arvind Balaji, managing director, for the remaining period of his tenure also passed with 89.1653% of votes in favor and 10.8347% against.