Nile Limited , a prominent industrial company, has announced the appointment of Mr. Aditya Akkineni as an Independent Director, following shareholder approval at their Annual General Meeting held on September 30, 2025.

Key Appointment Details

Mr. Akkineni, a Mechanical Engineering graduate from the University of Texas at Austin, has been appointed for a five-year term, effective from September 30, 2025, to September 29, 2030. As an Independent Director, he will not be liable to retire by rotation, ensuring continuity and independence in his role.

Professional Background

Aditya Akkineni brings a wealth of experience to Nile Limited's board. He currently serves as a director in several other companies, showcasing his diverse expertise in corporate governance:

1. Alufluoride Ltd (since March 2025)
2. Annapurna Studios Private Limited (since March 2018)
3. Annapurna Apex Chemicals Pvt Ltd (since October 2006)
4. GSR Advisory Services Private Limited (since March 2019)
5. Sure Power Technologies Private Limited (since July 2021)
6. Xenar Properties Private Limited (since September 2021)

Compliance and Eligibility

Nile Limited has confirmed that Mr. Akkineni is not debarred from accessing capital markets or restricted from holding directorship positions by any regulatory authority. This appointment aligns with the company's commitment to maintaining high standards of corporate governance and regulatory compliance.

Board Independence

The company has also clarified that Aditya Akkineni is not related to any existing directors or key managerial personnel on the board, reinforcing the independence of his position.

Shareholder Approval

The appointment of Mr. Akkineni was approved by the shareholders at the 41st Annual General Meeting of Nile Limited. The resolution for his appointment received overwhelming support, with 99.72% of the votes cast in favor.

Company Secretary Appointment

In addition to Mr. Akkineni's appointment, the shareholders also approved the appointment of Sri V Mohan Rao as the Secretarial Auditor of the company for a period of five consecutive years, from FY 2025-2026 to 2029-2030.

This strategic appointment of Aditya Akkineni as an Independent Director is expected to bring fresh perspectives and valuable insights to Nile Limited's board, potentially contributing to the company's future growth and governance strategies.

Nile Limited has reported a robust financial performance for the first quarter, with a significant increase in net profit and improved operational efficiency.

Financial Highlights

Performance Analysis

The company's impressive profit growth, despite flat revenue, indicates a strong focus on operational efficiency and cost management. The substantial improvement in EBITDA and EBITDA margin suggests that Nile has successfully optimized its operations and reduced costs during the quarter.

About Nile Limited

Nile Limited is primarily engaged in the production of lead and lead alloys. The company also has operations in wind energy, although this segment does not meet the criteria for separate reportable segment status.

Additional Corporate Developments

In a separate announcement, Nile Limited disclosed several key corporate decisions made during its Board Meeting:

1. The company's Annual General Meeting is scheduled for September 30.
2. The Board approved the re-appointment of Sri Vuyyuru Ramesh as Executive Chairman for a 5-year term, subject to shareholder approval.
3. The re-appointment of Mr. Venkateswarlu Jonnalagadda as a Non-Executive Independent Director for a second 5-year term was recommended.
4. Approval was given for the continuation of Mrs. Vuyyuru Rajeswari as a Non-Executive Director after she reaches 75 years of age.
5. Nile Overseas Enterprise FZE, a subsidiary of Nile Limited, has incorporated a new subsidiary named ECO Metal Trading FZCO in the Jebel Ali Free Zone, Dubai, holding a 51% equity stake.

These developments indicate the company's focus on corporate governance and strategic expansion in international markets.

Investors and stakeholders will likely view Nile's Q1 performance positively, given the substantial improvement in profitability and operational efficiency. The company's ability to maintain revenue levels while significantly boosting profits showcases effective management and a resilient business model in the face of market challenges.