Nirlon Limited has announced that its 66th Annual General Meeting (AGM) will be held on Thursday, September 25, 2025, at 12:00 noon (IST) through video conferencing (VC) or other audio-visual means (OAVM).
The meeting will address several key items, including the adoption of audited financial statements, declaration of a final dividend, and the re-appointment of directors.
Key Agenda Items:
- Adoption of Financial Statements: To receive, consider, and adopt the audited financial statements of the company for the financial year ended March 31, 2025, along with the reports of the directors and auditors.
- Declaration of Final Dividend: To declare a final dividend of ₹11.00 per equity share of face value ₹10.00 each (at 110%) for the financial year ended March 31, 2025. The dividend will be distributed to shareholders whose names appear in the Register of Members of the Company as of the record date, Thursday, September 11, 2025.
- Appointment of Director: To appoint a director in place of Mr. Arjun Khullar (DIN: 10671903), who retires by rotation at the AGM and is eligible for re-appointment.
- Continuation of Independent Director: Approval for the continuation of Mr. Rajinder Pal Singh (DIN: 02943155) as a Non-Executive Independent Director, notwithstanding that he will exceed 75 years of age during his term.
- Re-appointment of Executive Director & CEO: Re-appointment of Mr. Rahul V. Sagar (DIN: 00388980) as Executive Director & Chief Executive Officer (CEO) of the Company and Payment of his Managerial Remuneration for a period of five (5) years w.e.f. February 1, 2026 to January 31, 2031.
- Appointment of Secretarial Auditors: Appointment of Alwyn Jay & Co, Practising Company Secretaries as the Secretarial Auditors for a period of five (5) consecutive years, from April 1, 2025 to March 31, 2030 and fix their remuneration.
- Ratification of Remuneration payable to the Cost Auditor: Ratification of Remuneration payable to the Cost Auditor for the F.Y. 2025-26.
Details of Managerial Remuneration for Rahul V. Sagar:
The proposed managerial remuneration for Mr. Rahul V. Sagar is detailed below:
| Particulars | 2025-26* | 2026-27 | 2027-28 | 2028-29 | 2029-30 | 2030-31** |
|---|---|---|---|---|---|---|
| Basic Salary per Month | 5,33,333 | 5,60,000 | 5,88,000 | 6,17,400 | 6,48,270 | 6,80,683 |
| HRA per Month | 2,66,667 | 2,80,000 | 2,94,000 | 3,08,700 | 3,24,135 | 3,40,342 |
| Total Earning per Month | 8,00,000 | 8,40,000 | 8,82,000 | 9,26,100 | 9,72,405 | 10,21,025 |
| Total Earning per Annum | 16,00,000* | 1,00,80,000 | 1,05,84,000 | 1,11,13,200 | 1,16,68,860 | 1,02,10,253** |
| Interim Bonus | - | 70,00,000 | 70,00,000 | 70,00,000 | 70,00,000 | 70,00,000 |
| Variable Remuneration per Annum | 21,33,333* | 1,34,39,992 | 1,41,11,991 | 1,48,17,591 | 1,55,58,470 | 1,36,13,660** |
| Total Salary per Annum | 37,33,333* | 3,05,19,992 | 3,16,95,991 | 3,29,30,791 | 3,42,27,330 | 3,08,23,914** |
| Company's Cont. to PF per Month | 64,000 | 67,200 | 70,560 | 74,088 | 77,792 | 81,682 |
| Company's Cont. to PF per Annum | 1,28,000* | 8,06,399 | 8,46,719 | 8,89,055 | 9,33,508 | 8,16,820** |
| Total Cost to the Company | 38,61,333* | 3,13,26,391 | 3,25,42,711 | 3,38,19,846 | 3,51,60,838 | 3,16,40,734** |
| *period during the F.Y. 2025-26, effective from February 1, 2026 to March 31, 2026 & ** for period during the F.Y. 2030-31, from April 1, 2030 to January 31,2031 |
The remuneration may be subject to approval from the Central Government if required, and Mr. Sagar will receive minimum remuneration as per the Act's provisions until such approval is obtained.
The notice includes details on e-voting, attendance through VC/OAVM, dividend distribution, and communication guidelines for members.
The proceedings of the 66th AGM shall be deemed to be conducted at the Registered Office of the Company.
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