NACL Industries Completes 39th AGM: All Resolutions Passed, Director and Cost Auditor Remuneration Approved
NACL Industries Ltd successfully concluded its 39th Annual General Meeting (AGM) held on July 22, 2026. The meeting saw the successful approval of all resolutions presented to shareholders, including the adoption of audited financial statements, ratification of cost auditor remuneration, and the revision of remuneration for Managing Director and Chief Executive Officer.The AGM results were scrutinized by R. Sridharan & Associates, who issued a Consolidated Scrutinizer's Report regarding the voting outcomes. The meeting facilitated both remote e-voting and electronic voting (e-voting) conducted via Video Conferencing/Other Audio Visual Means (OAVM).
Key resolutions discussed at the AGM included:
- The adoption of Audited Standalone Financial Statements for the financial year ended March 31, 2026.
- The adoption of Audited Consolidated Financial Statements for the financial year ended March 31, 2026.
- The re-appointment of Mr. Sankarasubramanian S (DIN: 01592772), who retires by rotation.
- Ratification of remuneration of Cost Auditors for the financial year 2026-27.
- Revision of remuneration payable to Dr. Raghuram Devarakonda (DIN: 09749805), Managing Director and Chief Executive Officer.
The voting results reflected strong shareholder support across all agenda items, with resolutions receiving necessary approval as per the required category (Ordinary or Special).
Voting Summary of Resolutions
The Consolidated Scrutinizer's Report provided detailed insights into the shareholder participation for each resolution. The outcome of the five resolutions is summarized below:| Resolution | Description | Type | Outcome | Key Participation Metric |
|---|---|---|---|---|
| 1 | Adoption of Audited Standalone Financial Statements (March 31, 2026). | Ordinary | Passed | Total votes cast: 126951835 |
| 2 | Adoption of Audited Consolidated Financial Statements (March 31, 2026). | Ordinary | Passed | Total votes cast: 126951835 |
| 3 | Re-appointment of Mr. Sankarasubramanian S. | Ordinary | Passed | Total votes cast: 126951827 |
| 4 | Ratification of remuneration of Cost Auditors for FY 2026-27. | Ordinary | Passed | Total votes cast: 126951469 |
| 5 | Revision of remuneration payable to Dr. Raghuram Devarakonda. | Special | Passed | Total votes cast: 126902778 |
The results showed that for all resolutions, the percentage of votes in favour exceeded zero percent and remained well above any required majority threshold for successful passage. The Scrutinizer confirmed that the board's actions concerning the financial statements were duly approved by the shareholders through both remote e-voting and electronic voting processes.
NACLIND Stock Price Movement
NACL Industries Limited shares shed 5.33% today in post-market trading, settling at ₹192.35 after falling from the previous close of ₹204.89. The stock saw a range between ₹190.25 and the day's high of ₹204.86, with a traded volume registering 1.98 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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