Meeting Details

  • Date: Wednesday, 24th June 2026
  • Time: 11:00 A.M. to 11:28 A.M. (IST)
  • Location: Conducted through Video Conferencing (VC) / Other Audio Visual Means (OAVM)
  • Type: Annual General Meeting (AGM)
  • Record Date: 17-06-2026
  • Total Shareholders on Record Date: 12,411

Attendance Details

  • Promoters and Promoter Group Present through VC: 11 members
  • Public Shareholders Present through VC: 48 members
  • Physical Attendance: 0 members from both promoter and public categories

Scrutinizer Appointment

  • Name: Sourabh Bapna
  • Firm: Sourabh Bapna & Associates
  • Qualification: Company Secretary (Membership No. 51505)
  • Appointment Date: 26-05-2026 (Board Meeting)
  • Report Issuance Date: 24-06-2026

Voting Process and Methods

  • Remote e-voting facility provided through National Securities Depository Limited (NSDL)
  • Voting period: Saturday, 20th June 2026 (9:00 AM) to Tuesday, 23rd June 2026 (5:00 PM)
  • Electronic voting facility also available during the AGM for members who hadn't voted remotely
  • Votes were unblocked and counted in the presence of two witnesses not employed by the company

Resolution Details and Voting Outcomes

All 14 resolutions were passed. Below are the key resolutions with voting details:

Resolution 1: Adoption of Financial Statements (Ordinary)

  • Description: To consider and adopt audited financial statements for FY ended March 31, 2026
  • Promoter Voting: 65,508,664 shares held; 65,397,895 votes polled (99.83%); 100% in favor
  • Public Non-Institutions Voting: 22,118,276 shares held; 10,918,865 votes polled (49.37%); 99.9997% in favor, 0.0003% against
  • Total Voting: 87,626,940 shares; 76,316,760 votes polled (87.09%); 100% in favor

Resolution 2: Dividend Declaration (Ordinary)

  • Description: To declare dividend on equity shares for Financial Year 2025-26
  • Promoter Voting: 65,508,664 shares held; 65,397,895 votes polled (99.83%); 100% in favor
  • Public Non-Institutions Voting: 22,118,276 shares held; 10,918,865 votes polled (49.37%); 99.9997% in favor, 0.0003% against
  • Total Voting: 87,626,940 shares; 76,316,760 votes polled (87.09%); 100% in favor

Resolution 3: Director Re-appointment (Ordinary)

  • Description: To re-appoint Praveen Ostwal (DIN: 00412207) who retires by rotation
  • Promoter Voting: 65,508,664 shares held; 65,397,895 votes polled (99.83%); 100% in favor
  • Public Non-Institutions Voting: 22,118,276 shares held; 10,669,863 votes polled (48.24%); 99.8162% in favor, 0.1838% against
  • Total Voting: 87,626,940 shares; 76,067,758 votes polled (86.81%); 99.9742% in favor, 0.0258% against

Resolution 5: Increase in Borrowing Powers (Special)

  • Description: To approve increase in borrowing powers of the company
  • Promoter Voting: 65,508,664 shares held; 65,397,895 votes polled (99.83%); 100% in favor
  • Public Non-Institutions Voting: 22,118,276 shares held; 10,669,863 votes polled (48.24%); 99.8201% in favor, 0.1799% against
  • Total Voting: 87,626,940 shares; 76,067,758 votes polled (86.81%); 99.9748% in favor, 0.0252% against

Resolution 9: Stock Split (Ordinary)

  • Description: To sub-divide 1 equity share of ₹10 into 5 equity shares of ₹2 each
  • Promoter Voting: 65,508,664 shares held; 65,397,895 votes polled (99.83%); 100% in favor
  • Public Non-Institutions Voting: 22,118,276 shares held; 10,918,865 votes polled (49.37%); 99.9997% in favor, 0.0003% against
  • Total Voting: 87,626,940 shares; 76,316,760 votes polled (87.09%); 100% in favor

Resolution 14: Fundraising Approval (Special)

  • Description: To raise funds through equity/equity-linked securities via QIP/private placement/public issue/preferential issue
  • Promoter Voting: 65,508,664 shares held; 65,397,895 votes polled (99.83%); 100% in favor
  • Public Non-Institutions Voting: 22,118,276 shares held; 10,918,865 votes polled (49.37%); 99.947% in favor, 0.053% against
  • Total Voting: 87,626,940 shares; 76,316,760 votes polled (87.09%); 99.9924% in favor, 0.0076% against

Related Party Transaction Resolutions (11, 12, 13)

All three ordinary resolutions for material related party transactions passed with approximately 99.999% approval from voting public non-institutions shareholders (15.50% participation). Promoters did not vote on these resolutions due to interest.

Invalid Votes

No invalid votes were reported across any shareholder category for any resolution.

Compliance Confirmation

  • Conducted in accordance with Companies Act, 2013 and rules thereunder
  • Complied with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Followed MCA and SEBI circulars regarding remote e-voting and electronic voting
  • Scrutinizer confirmed voting process was fair and transparent

Additional Information

  • NSE Symbol: MBAPL
  • Notice published in Financial Express (English) and Business Remedies (Hindi) on 30th May 2026
  • All relevant records sealed and handed over to Chairman/Company Secretary for safekeeping