Company Disclosure: EGM Voting Results and Scrutinizer's Report

Meeting Details

  • Type of Meeting: Extra-Ordinary General Meeting (EOGM)
  • Meeting Date: 15th August, 2026
  • Meeting Time: 11:00 AM
  • Venue: Registered Office - B-107, Sankalp Iconic Tower, Opp. Vikram Nagar, Iscon Temple Cross Road, S.G. Highway, Ahmedabad - 380054, Gujarat
  • Record Date: 8th August, 2026
  • Total Shareholders on Record Date: 8,133
  • Shareholders Present: 34 (1 Promoter, 33 Public)
  • Remote e-Voting Period: 12th August, 2026 (09:00 AM) to 14th August, 2026 (05:00 PM)
  • e-Voting Service Provider: NSDL (National Securities Depository Limited)

Scrutinizer Appointment

  • Name: Shankumar Dhandhara
  • Firm: Dhandhara & Associates
  • Qualification: Company Secretary
  • Membership Number: 73841
  • Appointment Date: 16th July, 2026

Voting Results Summary

Total Paid-up Equity Share Capital: 45,00,000 equity shares of ₹10 each

Resolution 1: Issue of Equity Shares on Preferential Basis
  • Resolution Type: Special Resolution
  • Description: To issue up to 32,00,000 fully paid-up equity shares of face value ₹10 each at issue price of ₹12 per share, aggregating ₹3,84,00,000
  • Legal Basis: Sections 23, 42 and 62(1)(c) of Companies Act, 2013 read with Chapter V of SEBI (ICDR) Regulations, 2018
  • Promoter Interest: No

Voting Breakdown - Resolution 1:

  • Promoter & Promoter Group: 52,169 shares held, 0 votes polled (0%)
  • Public Institutions: 0 shares held, 0 votes polled (0%)
  • Public Non-Institutions: 44,47,831 shares held, 9,00,244 votes polled (20.2401%)
  • E-Voting: 234 votes (100% in favor)
  • Poll: 9,00,010 votes (100% in favor)
  • Total Votes Polled: 9,00,244 (20.0054% of outstanding shares)
  • Result: Passed with 100% votes in favor
Resolution 2: Issue of Fully Convertible Share Warrants on Preferential Basis
  • Resolution Type: Special Resolution
  • Description: To issue up to 2,16,55,216 Convertible Warrants of face value ₹10 each at issue price of ₹12 per Warrant, aggregating ₹25,98,62,592
  • Legal Basis: Sections 23, 42 and 62(1)(c) of Companies Act, 2013 read with Chapter V of SEBI (ICDR) Regulations, 2018
  • Promoter Interest: No

Voting Breakdown - Resolution 2:

  • Promoter & Promoter Group: 52,169 shares held, 0 votes polled (0%)
  • Public Institutions: 0 shares held, 0 votes polled (0%)
  • Public Non-Institutions: 44,47,831 shares held, 9,00,244 votes polled (20.2401%)
  • E-Voting: 234 votes (100% in favor)
  • Poll: 9,00,010 votes (100% in favor)
  • Total Votes Polled: 9,00,244 (20.0054% of outstanding shares)
  • Result: Passed with 100% votes in favor

Scrutinizer's Report Details

  • Total Members Voted: 10 members
  • Remote e-Voting: 4 members voted with 234 valid votes
  • Ballot at EGM: 6 members voted with 9,00,010 valid votes
  • Invalid Votes: 0 across all categories
  • Voting Pattern: Both resolutions received 9,00,244 votes in favor (100%) and 0 votes against
  • Result Declaration: The resolutions are deemed passed on 15th August, 2026

Financial Impact

The preferential issuance approvals enable:

  • Equity shares issuance: ₹3.84 crore
  • Convertible warrants issuance: ₹25.99 crore
  • Total Fundraising Potential: ₹29.83 crore

Documentation and Compliance

  • Voting results and scrutinizer's report dated 15th August, 2026 made available on company website (www.mahan.co.in)
  • Results to be uploaded on BSE India website (www.bseindia.com)
  • All records handed over to Mr. Nishil Shah, Director for safe custody