Meeting Details

The postal ballot was conducted through remote e-voting only, with the results declared on June 28, 2026, at the registered office of the company in New Delhi. The cut-off date for determining voting eligibility was May 22, 2026.

Proposed Resolutions and Implications

Item No. 1: Appointment of Mr. Karan Bhatia as Independent Director

  • Resolution to appoint Mr. Karan Bhatia (DIN: 11633574) as Non-Executive Independent Director for a term of five consecutive years from April 1, 2026, to March 31, 2031
  • He was initially appointed as Additional Director effective April 1, 2026, and submitted declaration of independence under Section 149(6) of Companies Act and Regulation 16(1)(b) of SEBI Listing Regulations
  • Received notice under Section 160(1) proposing his candidature
  • Entitled to sitting fees for board/committee meetings and commission within limits approved by shareholders

Item No. 2: Alteration of Memorandum of Association

  • Resolution to alter (substitute) the Object Clause of Memorandum of Association
  • Addition of Clause 3A in Clause 3 of Clause III A to expand business scope into energy and power generation
  • Specific business activities include: transmitting, manufacturing, supplying, generating, distributing and dealing in electricity and all forms of energy and power from various sources (nuclear, steam, hydro, tidal, water, wind, solar, hydrocarbon fuel) for captive use or business purpose
  • Aligns with company's establishment of solar power plant for captive use and long-term growth strategy
  • Requires approval of Registrar of Companies and other regulatory authorities

Voting Process and Methods

The company provided remote e-voting facility only (no physical polling or postal ballot forms) through MUFG Intime India Private Limited (formerly Link Intime India Private Limited). The e-voting period was from May 30, 2026, at 09:00 AM IST to June 28, 2026, at 05:00 PM IST. Notice was sent electronically to all members whose email addresses were registered with the company/RTA/depository.

Key Voting Outcomes

Item No. 1: Appointment of Independent Director

  • Total votes cast: 27,865,572 (83.2204% of outstanding shares)
  • Votes in favor: 27,865,572 (100% of votes polled)
  • Votes against: 0 (0% of votes polled)
  • Resolution passed as special resolution

Item No. 2: Alteration of MOA

  • Total votes cast: 29,719,038 (49.5442% of outstanding shares)
  • Votes in favor: 29,718,314 (99.9976% of votes polled)
  • Votes against: 724 (0.0024% of votes polled)
  • Resolution passed as special resolution

Category-wise Voting Breakdown for Item No. 2:

Promoter and Promoter Group:

  • Shares held: 33,484,068
  • Votes polled: 0 (0.0000%)

Public Institutions:

  • Shares held: 1,043,554
  • Votes polled: 954,404 (91.4571%)
  • Votes in favor: 954,404 (100.0000%)
  • Votes against: 0 (0.0000%)

Public Non-Institutions:

  • Shares held: 25,457,242
  • Votes polled: 899,062 (3.5317%)
  • Votes in favor: 898,338 (99.9195%)
  • Votes against: 724 (0.0805%)

Scrutinizer's Role and Findings

M/s. A Abhinav & Associates, Practicing Company Secretary, was appointed as Scrutinizer to conduct the postal ballot process in a fair and transparent manner. The Scrutinizer submitted the final report to Chairman & Managing Director or Company Secretary after completion of scrutiny.

Compliance Confirmation

The process complied with:

  • Sections 108, 110 of Companies Act, 2013
  • Rules 20 and 22 of Companies (Management and Administration) Rules, 2014
  • MCA General Circulars Nos. 14/2020 and 17/2020
  • Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Secretarial Standards on General Meetings (SS-2)
  • Other applicable laws and regulations

Signatories and Declaration

The results were declared by Mr. Abhinav, the authorized person, on June 28, 2026, based on the Scrutinizer's report. The document is signed by the Chairman on July 27, 2026.

Additional Information

The results were displayed on the company's website (www.maanaluminium.com), MIIPL's website (https://instavote.linkintime.co.in), and communicated to BSE Limited and National Stock Exchange of India Limited.