Meeting Details

  • Date: Friday, August 28, 2026
  • Time: 11:00 AM to 11:24 AM IST
  • Location: Conducted through Video Conferencing (VC) / Other Audio-Visual Means (OAVM)
  • Type: Extra Ordinary General Meeting
  • Duration: 24 minutes (including time allowed for e-voting)

Proposed Resolutions and Implications

The EGM considered two special resolutions for shareholder approval:

1. Special Resolution 1: Issuance of Equity Shares to persons belonging to "Non-Promoter" Category on Preferential Basis. This resolution aims to raise capital through preferential allotment to non-promoter investors.

2. Special Resolution 2: Amendment in the Main Object Clause of the Memorandum of Association of the Company. This resolution seeks to modify the company's fundamental business objectives as defined in its constitutional document.

Voting Process and Methods

The voting process incorporated multiple methods:

  • Remote e-voting facility was provided prior to the meeting
  • E-voting during the EGM for shareholders who joined through Video Conference/Other Audio-Visual Means and had not cast votes through remote e-voting
  • E-voting facility remained available for 15 minutes after the closure of the meeting
  • The proceedings were webcast live on the website of National Securities Depository Limited (NSDL)

Key Voting Outcomes

The document notes that:

  • A consolidated report on total votes cast in favour and against the resolutions would be submitted by the Scrutinizer within two working days
  • The results would be forthwith declared to Stock Exchanges and published on the company's website (www.mbapl.com)
  • Specific voting numbers, percentages, or category-wise breakdowns are not provided in this initial proceeding summary

Scrutinizer's Role

The Scrutinizer is responsible for:

  • Preparing a consolidated report of voting results
  • Submitting the report within two working days of the meeting
  • The company will then declare the results based on the scrutinizer's findings

Compliance Confirmation

The meeting was conducted in compliance with:

  • Circulars issued by Ministry of Corporate Affairs
  • SEBI Regulations and circulars
  • Applicable provisions of the Companies Act, 2013
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Signatories and Roles

  • Pallavi Sukhwal: Company Secretary - signed the document and conducted meeting proceedings
  • Mahendra Kumar Ostwal: Chairman of the Board - chaired the EGM and conducted proceedings

Additional Information

  • The meeting commenced with requisite quorum being present
  • All Directors of the Company were present in the Meeting
  • The Notice of EGM along with Corrigendum to the EGM Notice were taken as read
  • The company had taken requisite steps to enable Members to participate and vote on the business transacted