Nirman Agri Genetics Ltd is set to hold a crucial board meeting on September 13, 2024, to discuss several significant developments for the company.
The meeting will take place at the company’s registered office located at Vedant Apartment, Near Reliance Shopee, Dindori Road, Panchavati, Nashik – 422003.
The board will review three main agenda items:
- Declaration of Dividend: The company plans to consider declaring a dividend of up to 50%. This potential payout reflects Nirman Agri Genetics’ commitment to rewarding shareholders and acknowledges the company’s strong financial performance and profit growth.
- Issuance of Bonus Shares: The board will deliberate on the proposal to issue bonus shares. This move aims to enhance the liquidity of the stock, encourage greater market participation, and boost shareholder confidence in the company’s growth prospects.
- Expansion into Agricultural Automation: The company is exploring expansion into the agri industry through the launch of IoT devices. These devices are designed to monitor various farm parameters, including soil conditions, growth stages, water irrigation levels, and fertilization.
These strategic decisions highlight Nirman Agri Genetics’ dedication to increasing shareholder value and its positive business trajectory. The initiatives are expected to strengthen the company’s position in the agri-input sector and contribute to its ongoing success.
