Nitco Limited — Others, 11-03-2025: Shareholders meeting

NITCO Limited held an Extra-Ordinary General Meeting via Video Conferencing, where key resolutions included the sale of its Wind Energy Business on a slump sale basis and approval for the plotted development of land in Alibaug. The meeting saw participation from 62 members, with the Chairman and other directors present to address shareholder queries. A scrutinizer was appointed to ensure fair e-Voting. The results will be reported to the stock exchanges and published on the company’s website. This development signals a strategic shift for NITCO, potentially enhancing operational focus and financial flexibility, fostering a positive outlook among investors.