M & B Engineering Limited held its 44th Annual General Meeting (AGM) on Thursday, 17th September, 2026, from 12:00 noon IST to 12:30 p.m. IST through Video Conferencing (VC)/Other Audio-Visual Means (OAVM) without physical presence of shareholders. The meeting was conducted in compliance with the Companies Act, 2013, MCA General Circular No. 03/2025 dated 22nd September, 2025, MCA General Circular No. 20/2020 dated 5th May, 2020, and SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.
Mr. Hemant Ishwarlal Modi, Chairman & Independent Director, was unable to attend the meeting. Mr. Malav Girishbhai Patel, Joint Managing Director, was elected to chair the meeting.
The Chairman briefed shareholders on:
- Global operating environment during FY2025-26
- FY2025-26 Financial Performance of the Company
- Order Book and Business Momentum
- Updates on the company's two specialized divisions: Phenix Construction Technologies (Phenix) and Proflex
- Company's Exports & Global Expansion
- Capacity Expansion & Capability Enhancement
- Successful listing of Equity Shares on NSE and BSE on 6th August, 2025
- Parameters relating to People, Safety & Execution Excellence, Sustainability & Corporate Social Responsibility, and Governance & Board Oversight
- Company's outlook going forward
Remote e-voting was conducted from 14th September, 2026 (09:00 A.M.) to 16th September, 2026 (05:00 P.M.). Shareholders attending the AGM who had not voted remotely could vote during the meeting via e-voting.
The following resolutions were approved:
1. Ordinary Resolution: Adoption of Audited Financial Statements (Standalone & Consolidated) for the financial year ended 31st March, 2026, along with reports of the Board of Directors and Auditors
2. Ordinary Resolution: Declaration of final dividend of ₹1.00 (Rupees One only) per fully paid-up Equity Share of face value of ₹10 each
3. Ordinary Resolution: Re-appointment of Mr. Aditya Vipinbhai Patel (DIN: 07103812) who retires by rotation under Section 152(6) of the Companies Act, 2013
4. Ordinary Resolution: Re-appointment of Ms. Birva Chirag Patel (DIN: 07203299) who retires by rotation under Section 152(6) of the Companies Act, 2013
5. Ordinary Resolution: Ratification of remuneration payable to Cost Auditors pursuant to Section 148 of Companies Act, 2013 for Financial Year 2026-27
6. Special Resolution: Re-appointment of Ms. Birva Chirag Patel as Whole-time Director for 3 years from 2nd April, 2027 to 1st April, 2030
7. Special Resolution: Re-appointment of Mr. Aditya Vipinbhai Patel as Whole-time Director for 3 years from 2nd April, 2027 to 1st April, 2030
8. Special Resolution: Maintenance of Register of Members and Index of members, along with copies of Annual Returns, at the office premises of MUFG Intime India Private Limited, Registrar and Transfer Agent (RTA)
The Company Secretary, Ms. Palak D. Parekh, was authorized to declare the voting results and place them on the company website. The voting results and Scrutinizer's Report will be declared within 2 working days of the AGM conclusion and communicated to BSE Limited.
There were no qualifications reported by the Statutory & Secretarial Auditors in their respective reports.
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