M&B Engineering 44th AGM Approves Rs 1 Dividend

Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Meeting Details

Date: Thursday, 17th September 2026
Time: 12:00 PM to 12:30 PM IST
Type: 44th Annual General Meeting
Mode: Conducted through Video Conferencing (VC)/Other Audio Visual Means (OAVM) without physical presence of shareholders
Venue: Deemed venue was the Registered Office at 'MB House', 51, Chandroday Society, Stadium Road, Naranpura, Ahmedabad - 380 014, Gujarat
Chairman: Mr. Malav Girishbhai Patel, Joint Managing Director (elected by directors as Chairman Mr. Hemant Ishwarlal Modi was absent)

Proposed Resolutions and Implications

The AGM considered and approved eight resolutions:

1. Ordinary Resolution: Adoption of Audited Financial Statements (Standalone & Consolidated) for FY ended 31st March 2026, along with reports of Board of Directors and Auditors

2. Ordinary Resolution: Declaration of final dividend of Rs. 1.00 per fully paid-up equity share of face value Rs. 10/- each

3. Ordinary Resolution: Re-appointment of Mr. Aditya Vipinbhai Patel (DIN: 07103812) who retires by rotation

4. Ordinary Resolution: Re-appointment of Ms. Birva Chirag Patel (DIN: 07203299) who retires by rotation

5. Ordinary Resolution: Ratification of remuneration payable to Cost Auditors for FY 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 Annual Returns at office premises of MUFG Intime India Private Limited (RTA)

Voting Process and Methods

The Company provided two voting facilities:

Remote e-voting: Available from 14th September 2026 (9:00 AM) to 16th September 2026 (5:00 PM) through CDSL platform
E-voting during AGM: Facility provided for shareholders attending via VC/OAVM who had not voted remotely
Cut-off date: 10th September 2026 for determining voting rights
Scrutinizer Appointment: Mr. Kashyap R. Mehta (FCS 1821) of Kashyap R. Mehta & Partners, Ahmedabad was appointed scrutinizer

Key Voting Outcomes

Overall Participation:

Total shares voted: 4,45,53,842 (77.96% of outstanding shares)
Total shareholders on cut-off date: 35,960
Shareholders attending meeting via VC/OAVM: 49 (8 Promoter & Promoter Group, 41 Public)

Resolution-wise Results:

| 1 | Adoption of Financial Statements | Ordinary | 4,45,53,836 | 100.00% | 6 | Negligible | Passed |

| 2 | Final Dividend Rs. 1.00 | Ordinary | 4,45,53,835 | 100.00% | 7 | Negligible | Passed |

| 3 | Re-appointment of Aditya Patel | Ordinary | 4,45,53,835 | 100.00% | 7 | Negligible | Passed |

| 4 | Re-appointment of Birva Patel | Ordinary | 4,45,53,835 | 100.00% | 7 | Negligible | Passed |

| 5 | Ratification of Cost Auditors | Ordinary | 4,45,53,834 | 100.00% | 8 | Negligible | Passed |

| 6 | Re-appointment as Whole-time Director (Birva) | Special | 4,45,53,834 | 100.00% | 8 | Negligible | Passed |

| 7 | Re-appointment as Whole-time Director (Aditya) | Special | 4,45,53,835 | 100.00% | 7 | Negligible | Passed |

| 8 | Maintenance of Records at RTA office | Special | 4,45,53,835 | 100.00% | 7 | Negligible | Passed |

Category-wise Voting Breakdown (Resolution 1 as representative sample):

Promoter & Promoter Group: 4,03,53,741 shares voted (100% of held shares), 100% in favor
Public Institutions: 41,50,445 shares voted (81.79% of held shares), 100% in favor
Public Non-Institutions: 49,656 shares voted (0.42% of held shares), 99.99% in favor (6 against votes)

Scrutinizer's Role and Findings

Mr. Kashyap R. Mehta submitted the Scrutinizer's Report on 17th September 2026, confirming:

Voting was conducted fairly and transparently through CDSL platform
Results were unblocked in presence of two independent witnesses (Parth B. Thakkar and Aanal R. Desai)
All resolutions received the required majority and were duly passed
Detailed voting reports were handed over to the Company

Compliance with Laws and Regulations

The meeting was conducted in compliance with:

Companies Act, 2013 and Rules thereunder
SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
MCA General Circular No. 03/2025 dated 22nd September 2025
MCA General Circular No. 20/2020 dated 5th May 2020
Relevant SEBI circulars

Additional Information

The Chairman provided business updates including:

FY2025-26 financial performance
Order book and business momentum
Updates on specialized divisions Phenix Construction Technologies and Proflex
Export and global expansion activities
Capacity expansion and capability enhancement
Listing of equity shares on NSE and BSE on 6th August 2025
Parameters relating to people, safety, execution excellence, sustainability, CSR, and governance