Meeting Details

The AGM was held on Wednesday, September 30, 2026, at 12:00 noon IST. The meeting was conducted entirely through Video Conferencing (VC)/Other Audio Visual Means (OAVM), in compliance with the Ministry of Corporate Affairs General Circular 03/2025 dated September 22, 2025, and relevant SEBI circulars. The meeting concluded at 12:14 p.m. IST.

Proposed Resolutions and Implications

Two ordinary resolutions were proposed for shareholder approval:

1. Resolution 1: To receive, consider, and adopt the Audited Financial Statements (Standalone & Consolidated) of the Company for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and Auditors thereon.

2. Resolution 2: To appoint a director in place of Mr. Carwin Heierman (DIN: 08458981), Executive Director, who retires by rotation and offered himself for re-appointment.

The promoters/promoter group were not interested in either resolution.

Voting Process

The voting process was conducted as follows:

  • Record Date: September 23, 2026.
  • Remote e-Voting: The facility was provided by Central Depository Services (India) Limited (CDSL). It was available from Sunday, September 27, 2026, at 09:00 a.m. IST to Tuesday, September 29, 2026, at 05:00 p.m. IST.
  • E-voting during AGM: Members attending the AGM were given an additional 15-minute window post the meeting's conclusion to cast their votes.
  • Total Shareholders on Record Date: 106,577.
  • Meeting Attendance: 2 promoters and 69 public shareholders attended the meeting via VC.

Key Voting Outcomes

Resolution 1: Adoption of Accounts

  • Total Votes Cast: 37,44,46,051 (63.5659% of outstanding shares)
  • Votes in Favor: 37,42,83,103 (99.9565% of votes polled)
  • Votes Against: 1,62,937 (0.0435% of votes polled)
  • Category-wise Breakdown:
  • Promoter & Promoter Group: 31,83,38,836 shares voted, all in favor (100%).
  • Public (Institutions): 28,547 shares voted, all in favor (100% of their votes).
  • Public (Non-Institutions): 5,60,78,668 shares voted; 5,59,15,720 in favor (99.7094%), 1,62,937 against (0.2906%).

Resolution 2: Re-appointment of Director

  • Total Votes Cast: 37,44,46,051 (63.5659% of outstanding shares)
  • Votes in Favor: 37,42,52,805 (99.9484% of votes polled)
  • Votes Against: 1,93,246 (0.0516% of votes polled)
  • Category-wise Breakdown:
  • Promoter & Promoter Group: 31,83,38,836 shares voted, all in favor (100%).
  • Public (Institutions): 28,547 shares voted, all against (100% of their votes).
  • Public (Non-Institutions): 5,60,78,668 shares voted; 5,59,13,969 in favor (99.7063%), 1,64,699 against (0.2937%).

Scrutinizer's Report

Mr. Deep Shukla of M/s. Deep Shukla & Associates, Practicing Company Secretaries, was appointed as the Scrutinizer. His report, dated September 30, 2026, confirmed the following based on remote e-voting data from CDSL:

  • For Resolution 1: 171 members voted; 374,283,103 votes (99.96%) in favor and 7 members voted; 162,937 votes (0.04%) against.
  • For Resolution 2: 168 members voted; 374,252,805 votes (99.95%) in favor and 12 members voted; 193,246 votes (0.05%) against.
  • There were no invalid votes for either resolution.

The Scrutinizer concluded that both resolutions secured the requisite majority and were passed.

Compliance Confirmation

The company confirmed that the AGM was convened and conducted in compliance with the Companies Act, 2013, SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and all applicable MCA and SEBI circulars.

Additional Information

The Register of Directors & Key Managerial Personnel and their Shareholding and the Register of Contracts or arrangements in which Directors are interested were made available for electronic inspection by members. The full proceedings, voting results, and scrutinizer's report are available on the company's website at www.magellanic-cloud.com.