N R Agarwal Industries 32nd AGM 2025: ₹2 Dividend

AGM notice and what shareholders should track

N R Agarwal Industries Limited has announced that its 32nd Annual General Meeting (AGM) will be held on Wednesday, September 24, 2025 at 11:30 a.m. (IST) through Video Conferencing (VC) or Other Audio-Visual Means (OAVM). The company stated this is in line with the applicable provisions of the Companies Act, 2013, SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the relevant MCA and SEBI circulars. The registered office of the company will be deemed to be the venue for the AGM.

The notice also clarifies that the AGM notice for FY 2024-25 is being sent only through electronic mode to members whose email addresses are registered with the company, its Registrar and Transfer Agent, or depositories. For investors, the key items to watch are the adoption of audited accounts for FY ended March 31, 2025, the final dividend proposal, and board-related resolutions that require shareholder approval.

Key dates: AGM, record date, and e-voting communication

The company has fixed Wednesday, September 17, 2025 as the record date for determining entitlement to the final dividend for the financial year ended March 31, 2025, if approved at the AGM. It also shared that newspaper communication on e-voting and shareholder updates was published on August 19, 2025.

As per the company’s update, the newspaper clipping was related to intimation of e-voting and notice to shareholders before dispatch of the AGM notice, along with updation requirements for PAN and other details. The publications named were Business Standard and Mumbai Lakshadweep, dated August 19, 2025.

Ordinary business on the agenda

The AGM notice sets out ordinary business items typical of an annual shareholder meeting. First is the adoption of audited financial statements for the financial year ended March 31, 2025, together with the reports of the Board of Directors and Auditors. Second is the declaration of dividend.

The third item is the appointment of a director in place of Shri Raunak Agarwal (DIN: 02173330), who retires by rotation and, being eligible, offers himself for re-appointment. These items form the core voting agenda for shareholders participating through VC/OAVM and e-voting.

Dividend proposal: ₹2 per share (20%)

N R Agarwal Industries’ board, at its meeting held on May 28, 2025, recommended a final dividend of ₹2 per equity share for the financial year ended March 31, 2025. The notice describes this as 20% on equity shares of ₹10 each. The dividend is subject to shareholder approval at the AGM.

From an investor point of view, the record date of September 17, 2025 is the operational cut-off to determine eligibility. The AGM vote will decide whether the recommended dividend is approved.

Board updates ahead of the AGM

In a separate disclosure, the company said that its Board of Directors meeting held on August 13, 2025 approved the unaudited financial results for the quarter ended June 30, 2025. The same update also mentioned that the board recommended the appointment of Shri Mahendra Kumar Gupta (DIN: 10544135) as an Independent Director, subject to shareholder approval at the ensuing annual general meeting.

The board also approved alteration of the object clause of the Memorandum of Association (MOA). These items link board-level decisions with shareholder approval requirements, which is why the AGM is a key governance checkpoint.

Exchange filings: voting results, proceedings, and scrutiny report

The company’s disclosures also reference post-AGM documentation for the 32nd AGM held on September 24, 2025. These include the voting results, the scrutinizer’s report, and the proceedings of the AGM. A BSE-referenced item notes: “Proceedings Of 32nd Annual General Meeting Held On September 24, 2025” with timestamp information shown as 24 Sep, 2025 | 07:07 pm and source listed as BSE.

Separately, a table-style reference indicates an AGM entry dated 24 Sep 2025 with an announcement date of 1 Sep 2025. These filings matter because they formally record shareholder decisions and voting outcomes for regulatory compliance.

Stock price snapshots mentioned alongside the AGM updates

Alongside the AGM-related information, the text includes stock price movement data for N R Agarwal Industries Ltd. It states that the share price moved up by 12.39% from its previous close of ₹368.85, and the stock last traded at ₹414.55. Another line states that as on 24 Sep, 2025, 03:56 PM IST, the share price was up by 12.39% based on a previous closing price of ₹396.5, and the share price was ₹414.55.

The material also mentions a “current price” of ₹441.10 and a market capitalization figure of ₹750.71 (unit not specified in the provided text). These are presented as reported values and should be read in the context of market data timestamps.

Reference: earlier AGM notice and FY 2022-23 context

The material also refers to an earlier AGM notice for FY 2022-23, stating that N R Agarwal Industries Ltd held its 30th AGM on September 28, 2023 via video conferencing in compliance with regulatory guidelines. It adds that the Annual Report for FY 2022-23 was made available electronically on the company’s website.

It further notes that the FY 2022-23 report highlighted significant growth in revenue, EBITDA, and profit after tax, along with plans for a major capital investment in a new paperboard manufacturing plant. However, no numeric financial figures or capex amounts are provided in the text, so investors would need to refer to the annual report itself for details.

Company identifiers and contact points

N R Agarwal Industries Limited is identified with CIN: L22210MH1993PLC133365. The registered office address shown is 502-A/501-B, Fortune Terraces, New Link Road, Andheri (West), Mumbai 400 053. The notice lists Tel: +91 (22) 67317500, Email ID: investors@nrail.com, and Website: www.nrail.com.

For exchange identification, the text references BSE Scrip Code: 516082 and NSE Symbol: NRAIL. These details help investors match the filings and notices with the correct listed entity across platforms.

Summary table: AGM and dividend facts from the notice

Market impact and why this AGM is relevant

The clear market-relevant takeaway from the notice is the proposed ₹2 per share final dividend, which is directly tied to shareholder approval and the record date. The board’s August 13, 2025 update is also important because it connects governance actions, including an independent director appointment recommendation and alteration of the MOA object clause, to the shareholder vote cycle.

Separately, the presence of voting results, scrutinizer’s report, and AGM proceedings in the exchange-linked disclosures indicates that the company has documented and filed the required post-meeting records. For investors who track corporate actions and governance, these filings provide a formal trail of approvals and outcomes.

Conclusion

N R Agarwal Industries has scheduled its 32nd AGM for September 24, 2025 through VC/OAVM, with adoption of FY25 audited accounts and a proposed final dividend of ₹2 per share as key agenda items. The record date for dividend eligibility is September 17, 2025. Shareholders can also expect AGM-linked voting on board and constitutional matters referenced in the company’s disclosures, including the independent director appointment recommendation and MOA object clause changes.