Meeting Details

The 35th Annual General Meeting (AGM) of Mahalaxmi Fabric Mills Limited was held on Wednesday, September 30, 2026, at 02:30 P.M. (IST). The meeting was conducted through Video Conferencing (VC)/Other Audio-Visual Means (OAVM).

Summary of Proposed Resolutions and Implications

Three ordinary resolutions were proposed for shareholder approval:

1. To receive, consider, and adopt the Audited Financial Statement of the Company for the financial year ended March 31, 2026, and the Reports of the Board and Auditors thereon.

2. To appoint a director in place of Shri Anand J. Parekh (DIN: 00500384), who retired by rotation and offered himself for re-appointment.

3. To appoint M/s. Rohit Periwal & Associates, Practicing Company Secretaries, as Secretarial Auditor of the Company.

Voting Process and Methods

The voting process included two methods:

  • Remote E-Voting: The remote e-voting period commenced at 09:00 A.M. (IST) on Sunday, September 27, 2026, and ended on Tuesday, September 29, 2026, at 05:00 P.M. (IST). This was conducted on the platform provided by MUFG Intime India Private Limited (https://instavote.linkintime.co.in).
  • E-Voting at AGM: The company provided an e-voting facility during the AGM for shareholders present through VC/OAVM who had not cast their vote via remote e-voting.

The cut-off date for determining shareholders eligible to vote was Wednesday, September 23, 2026.

A newspaper advertisement was published on September 8, 2026, in The Indian Express (English) and The Financial Express (Gujarati) detailing the meeting and voting instructions.

Key Voting Outcomes

Overall Participation

  • Total Number of Members who voted: 65
  • Total Number of Shares voted: 6,991,087
  • Percentage of total Paid-Up Share Capital represented: 65.83%

Resolution-wise Results

Item No. 1: Adoption of Financial Statements

  • Type: Ordinary Resolution
  • Result: Passed with requisite majority
  • Votes in Favor: 64 members (6,991,082 shares | 100.00% of votes cast)
  • Votes Against: 1 member (5 shares | 0.00% of votes cast)
  • Invalid Votes: 0 members (0 shares)

Item No. 2: Re-appointment of Director Shri Anand J. Parekh

  • Type: Ordinary Resolution
  • Result: Passed with requisite majority
  • Votes in Favor: 64 members (6,991,082 shares | 100.00% of votes cast)
  • Votes Against: 1 member (5 shares | 0.00% of votes cast)
  • Invalid Votes: 0 members (0 shares)

Item No. 3: Appointment of Secretarial Auditor

  • Type: Ordinary Resolution
  • Result: Passed with requisite majority
  • Votes in Favor: 64 members (6,991,082 shares | 100.00% of votes cast)
  • Votes Against: 1 member (5 shares | 0.00% of votes cast)
  • Invalid Votes: 0 members (0 shares)

Breakdown by Voting Method

For all three resolutions, all votes (6,991,087 shares) were cast exclusively through the Remote E-Voting process. No votes were cast during the E-Voting at the AGM (0 members, 0 shares).

Scrutinizer's Role and Findings

Rohit Sunil Periwal, Proprietor of M/s. Rohit Periwal and Associates, Practicing Company Secretary, was appointed as the Scrutinizer. His responsibilities included scrutinizing the remote e-voting process and e-voting at the AGM. He confirmed that the results were diligently scrutinized and reconciled with records maintained by NSDL and CDSL. The scrutinizer is maintaining the registers electronically and will hand them over to the company.

Compliance Confirmation

The disclosure confirms compliance with:

  • Section 108 & 109 of the Companies Act, 2013
  • Rules 20 & 21 of the Companies (Management and Administration) Rules, 2014
  • Multiple MCA General Circulars (Nos. 14/2020, 17/2020, 20/2020, 02/2021, 19/2021, 21/2021, 02/2022, 10/2022, 09/2023, 09/2024)
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015