Meeting Details

The approval was obtained through a Postal Ballot process without a physical meeting. The voting period commenced on Saturday, 29 August 2026 at 9:00 a.m. IST and concluded on Sunday, 27 September 2026 at 5:00 p.m. IST. The resolutions were deemed passed on the last date of e-voting (27 September 2026).

Proposed Resolutions and Implications

Two special resolutions were proposed for shareholder approval:

1. Resolution No. 1: Approval for change of name of the Company and consequential alterations to the Memorandum of Association ('MOA') and Articles of Association ('AOA') of the Company

2. Resolution No. 2: Approval for change of object clause and consequential alterations to the Memorandum of Association ('MOA') of the Company

These resolutions indicate significant corporate restructuring involving the company's fundamental identity and business objectives.

Voting Process and Methods

The voting was conducted exclusively through remote e-voting facility (postal ballot) with no physical polling. The e-voting module was provided by KFin Technologies Limited. No printed copies of the notice or ballot forms were sent to members - all communication was done electronically to registered email IDs.

Key Voting Outcomes

Overall Participation

  • Total number of shareholders on record date (21 August 2026): 26,011
  • Total equity shares outstanding: 11,428,568
  • Total votes polled: 7,062,197 shares (61.7942% of outstanding shares)

Resolution No. 1 Results

  • Votes in favor: 7,061,295 (99.9872%)
  • Votes against: 902 (0.0128%)
  • Number of members voting: 186
  • Number of members abstaining: 1

Resolution No. 2 Results

  • Votes in favor: 7,061,295 (99.9872%)
  • Votes against: 902 (0.0128%)
  • Number of members voting: 186
  • Number of members abstaining: 1

Category-wise Voting Breakdown (Resolution No. 1)

Promoter and Promoter Group

  • Shares held: 5,828,560
  • Votes polled: 5,828,560 (100.0000% of shares held)
  • Votes in favor: 5,828,560 (100.0000%)
  • Votes against: 0 (0.0000%)

Public Institutions

  • Shares held: 1,146,342
  • Votes polled: 1,009,064 (88.0247% of shares held)
  • Votes in favor: 1,009,064 (100.0000%)
  • Votes against: 0 (0.0000%)

Public Non-Institutions

  • Shares held: 4,453,666
  • Votes polled: 224,573 (5.0424% of shares held)
  • Votes in favor: 223,671 (99.5983%)
  • Votes against: 902 (0.4016%)

Scrutinizer's Role and Findings

Shri Sachin Bhagwat, Practising Company Secretary (ACS 10189; CP No.: 6029), was appointed as Scrutinizer by the Board of Directors on Wednesday, 29 July 2026. Key findings from his report include:

  • The company completed e-mail dispatch of the Notice of Postal Ballot on Friday, 28 August 2026
  • Voting rights were considered in proportion to paid-up value of shares as on the cut-off date (21 August 2026)
  • The e-voting module was enabled from 29 August 2026 at 9:00 A.M. to 27 September 2026 at 5:00 P.M.
  • Votes were unblocked on 27 September 2026 at 6:15 PM
  • The scrutinizer confirmed that the Postal Ballot process was conducted in a fair and transparent manner
  • All votes cast were entered in a separately maintained register

Compliance with Laws and Regulations

The company confirms compliance with:

  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Regulation 44)
  • The process followed all applicable provisions of the Companies Act, 2013
  • Notice was published by way of advertisement in newspapers on Saturday, 29 August 2026

Additional Information

  • Corporate Identification Number: L35912MH1975PLC018376
  • Investor contact email: investors@msls.co.in
  • BSE Code: 500266
  • NSE Code: MAHSCOOTER