Nahar Poly Films approves ₹1 dividend, director appointments at AGM

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26 Aug, 2025 12:21

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Nahar Poly Films Ltd said shareholders at its 37th Annual General Meeting (AGM), held on September 25, 2025, approved all key resolutions, including the adoption of financial statements, declaration of dividend, and appointment of directors. The meeting was conducted via video conferencing and lasted from 11:30 a.m. to 12:15 p.m.

Shareholders approved a dividend of ₹1 per equity share of ₹5 each, alongside the adoption of standalone and consolidated financial results for FY25.

Director appointments and other resolutions

• Jawahar Lal Oswal was appointed as a director, liable to retire by rotation.
• Dinesh Oswal was also appointed as a director, liable to retire by rotation.
• Satish Kumar Sharma was re-appointed as executive director.
• Remuneration of cost auditors was ratified.
• Borrowing limit of the company was increased.
• Creation of charges/mortgages on company assets to secure loans was approved.
• Appointment of M/s P.S. Bathla & Associates as secretarial auditor was confirmed.

Shares of Nahar Poly Films ended at Rs 288.00 on Friday, down 6.01 percent. The stock hit a day’s high of Rs 309.00 and a day’s low of Rs 285.00 during the session. Over the past year, it has gained 18 percent, moving between Rs 176.42 and Rs 389.95. The company’s shares currently trade at a price-to-earnings multiple of 12.36 and offer a dividend yield of 0.35 percent.