Nila Spaces Limited Announces 26th AGM on Sep 29, 2026, with E-voting Facility
Nila Spaces Limited will hold its 26th AGM on September 29, 2026, via VC/OAVM. Book closure is from September 23-29, 2026. E-voting is open from September 24-29, 2026. Key agenda items include approving FY26 financials, appointing Deep S Vadodaria as CMD for 3 years from May 7, 2026, and Prashant H. Sarkhedi as Director Finance for 3 years from May 7, 2026. Borrowing powers up to ₹750 crore will be discussed.
The AGM agenda includes significant decisions such as the appointment of key management personnel, approval of borrowing limits up to ₹750 crore, and ratification of related party transactions. These decisions can have a medium-term impact on the company's operations and financial structure.
The announcement is a routine corporate event (AGM) and outlines standard business procedures and approvals. While it includes important appointments and financial discussions, there is no inherently positive or negative news presented.
Nila Spaces Limited has announced its 26th Annual General Meeting (AGM) scheduled to be held on Tuesday, September 29, 2026, at 11:30 a.m. The meeting will be conducted through video conferencing (VC) or other audio-visual means (OAVM).
The company has also announced the book closure period for the AGM, during which the Register of Members and Share Transfer Register will remain closed from September 23, 2026, to September 29, 2026, inclusive. The cut-off date for determining eligibility for e-voting is September 22, 2026.
The remote e-voting period will commence on September 24, 2026, at 09:00 a.m. and conclude on September 29, 2026, at 05:00 p.m. The AGM agenda includes the adoption of audited financial statements for the financial year ended March 31, 2026 (standalone and consolidated), the re-appointment of a director retiring by rotation, ratification of the cost auditor's remuneration, and approval for the appointment of Mr. Deep S Vadodaria as Chairman & Managing Director for three years from May 7, 2026. Additionally, the re-appointment of Mr. Prashant H. Sarkhedi as Whole Time Director (Director Finance) for three years from May 7, 2026, will be considered. The meeting will also seek shareholder approval for the Board of Directors' borrowing powers up to ₹750 crore under Section 180(1)(c) of the Companies Act, 2013, and authority under Section 180(1)(a). Approval for loans and investments under Section 186 up to ₹750 crore, and loans/guarantees under Section 185 up to ₹750 crore will also be sought. Furthermore, the modification of material related party transactions with Nila Urban Living Private Limited and Mr. Deep S. Vadodaria for the Financial Year 2026-27 will be presented for approval.
A plain-language summary of a public exchange filing by Nila Spaces Limited. Read the original for the full detail.