Nilachal Carbo Metalicks Sets AGM for September 29

Nilachal Carbo Metalicks Ltd will hold its 23rd Annual General Meeting on September 29, 2026. The meeting is scheduled for 12:30 PM in Bhubaneswar, Odisha.

Reader Takeaway: Shareholders to vote on new Rs 75 crore debt ceiling and executive pay structures at upcoming AGM.

What just happened

The company has finalized the schedule for its 23rd Annual General Meeting. Shareholders will review the Annual Report for the 2025-26 fiscal year. The board has initiated the process for e-voting, which begins on September 25 and concludes on September 28, 2026. The book closure period for the company is set from September 23 to September 29, 2026.

Key AGM Resolutions

• Borrowing Authority: The board is seeking approval to borrow up to Rs 75 crore in fund and non-fund-based facilities from banks and financial institutions.
• Strategic Investments: Shareholders will vote on proposals to increase limits for loans and investments under Section 186 of the Companies Act.
• Executive Remuneration: The company has proposed revised compensation packages for Managing Director Bibhu Datta Panda and Whole-time Director Rishiraj Panda.
• Governance: The agenda includes the re-appointment of Non-executive Director Geeta Rani Panda and authorization for material related party transactions with Om Avi Carbon Resources Private Limited.

Operational Appointments

CS Jyotirmoy Mishra of Sunita Jyotirmoy & Associates has been designated as the scrutinizer to oversee the voting process. The company is also seeking approval to create charges on its assets to secure the proposed credit facilities.