Nila Spaces Limited Concludes 26th AGM: Approves Financials & Key Appointments
Nila Spaces Limited's 26th AGM on Sept 29, 2026, approved audited financial statements for FY26. Key approvals included appointing Deep S Vadodaria as Chairman & MD and Prashant H. Sarkhedi as Director Finance. Borrowing powers and related party transactions were also ratified.
The approval of financial statements and key management appointments, along with borrowing powers and related party transactions, have a material impact on the company's governance and future operations.
The AGM successfully concluded with the approval of financial statements, key managerial appointments, and other important corporate actions, indicating smooth governance and operational progress.
Nila Spaces Limited held its 26th Annual General Meeting (AGM) on September 29, 2026, commencing at 11:30 AM via Video Conferencing (VC) and Other Audio Visual Means (OAVM). The meeting addressed several key business items, including the adoption of audited standalone and consolidated financial statements for the financial year ended March 31, 2026, along with the auditors' and directors' reports.
Significant special business included the ratification of the Cost Auditor's remuneration, the approval of Mr. Deep S Vadodaria's appointment as Chairman & Managing Director, and the re-appointment of Mr. Prashant H. Sarkhedi as Whole Time Director (Director Finance). The AGM also sought approval for the Board's borrowing powers under Section 180(1)(c) and authority under Section 180(1)(a) of the Companies Act, 2013. Furthermore, approvals were sought for loans and investments under Section 186 and Section 185 of the Companies Act, 2013. The meeting concluded with the approval of modifications to Material Related Party Transactions with Nila Urban Living Private Limited and Mr. Deep S. Vadodaria for the Financial Year 2026-27.
Remote e-voting was available from September 24, 2026, to September 28, 2026. Shareholders attending the AGM via VC who had not voted previously were given an additional 15 minutes post-meeting to cast their votes. The meeting concluded at 12:06 PM, with all resolutions passed by the requisite majority, as detailed in the attached annexure.
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