Nettlinx Ltd — Others, 29-05-2025: AGM/EGM

Nettlinx Limited has announced a postal ballot through remote e-voting for members to approve the sale of shares of its material subsidiary, Sri Venkateswara Green Power Projects Limited. Shareholders can participate electronically, with voting rights based on paid-up equity shares as on the cut-off date. The company has also proposed the appointment of Mr. Amarender Reddy Bandaru as an Independent Director and Mr. Rohith Loka Reddy as Managing Director. The outcome will be disclosed after the voting period ends. This process reflects the company’s strategic restructuring and leadership strengthening efforts.

Separately, ARKA Fincap Limited and Fedbank Financial Services Limited have initiated auction sales of secured immovable assets for recovering outstanding loans from defaulting borrowers. Protium Finance Limited has taken possession of mortgaged properties worth INR 5.33 Cr due to loan defaults and plans public auction. These enforcement actions highlight ongoing recovery efforts by financial institutions on stressed assets.

Coromandel Agro Products and Oils Limited reported total income of INR 61.89 Cr and net profit of INR 1.79 Cr for the quarter ended March 31, 2025. The board has proposed a dividend of Rs. 2 per equity share for the year 2024-25, subject to shareholder approval.