Nilachal Refractories Ltd — Dividend/Bonus, 02-09-2025: Corp. Action

Nilachal Refractories announced its 48th Annual General Meeting to adopt the audited financial results for the financial year. The company reported a net loss of Rs. 22.02 Cr for the financial year, significantly wider than the previous year's loss of Rs. 6.50 Cr. The Board did not propose any dividend due to brought-forward losses. Management is actively seeking strategic investors, aiming to diversify business, optimize resources, reduce costs, and expand into new product lines and foreign markets to improve performance. Shareholder approval is sought for director re-appointment and a new secretarial auditor. Key management changes included a new Company Secretary and Chief Financial Officer.