Mahindra Finance 36th AGM Approves All 7 Resolutions

Meeting Details

Date of Meeting: Tuesday, 21st July 2026
Time: 3:30 p.m. IST (concluded at 5:25 p.m. IST)
Location: Conducted through Video Conferencing
Type of Meeting: 36th Annual General Meeting
Record Date: Monday, 13th July 2026
Total Shareholders on Record Date: 243,119

Shareholder Attendance

Promoter & Promoter Group: 1 shareholder (3 folios) attended via Video Conferencing
Public Shareholders: 64 shareholders attended via Video Conferencing
Total Attendance: 67 shareholders (folio-based count)

Proposed Resolutions and Outcomes

All seven resolutions proposed in the AGM notice were passed with requisite majority:

Resolution 1: Ordinary Resolution

Description: Consideration and adoption of the Audited Consolidated Financial Statements for the financial year ended 31st March 2026 and report of joint Statutory Auditors

Voting Results:

Total votes polled: 1,249,072,644 (89.8632% of outstanding shares)
Votes in favor: 1,249,066,577 (99.9995% of votes polled)
Votes against: 6,067 (0.0005% of votes polled)

Resolution 2: Ordinary Resolution

Description: Consideration and adoption of the Audited Consolidated Financial Statements for FY2026 (same as Resolution 1)

Voting Results:

Total votes polled: 1,249,072,644 (89.8632% of outstanding shares)
Votes in favor: 1,249,066,577 (99.9995%)
Votes against: 6,067 (0.0005%)

Resolution 3: Ordinary Resolution

Description: Declaration of dividend on equity shares for FY2026

Voting Results:

Total votes polled: 1,249,698,894 (89.9083% of outstanding shares)
Votes in favor: 1,249,698,894 (100%)
Votes against: 0 (0%)

Resolution 4: Ordinary Resolution

Description: Re-appointment of Mr. Amarjyoti Barua (DIN: 09202472) as Director liable to retire by rotation

Voting Results:

Total votes polled: 1,249,456,787 (89.8908% of outstanding shares)
Votes in favor: 1,244,320,428 (99.5889%)
Votes against: 5,136,359 (0.4111%)

Resolution 5: Ordinary Resolution

Description: Appointment of Mr. Krishna Kumar Sukumaran Nair (DIN: 11673376) as Non-Executive Director

Voting Results:

Total votes polled: 1,249,456,316 (89.8908% of outstanding shares)
Votes in favor: 1,248,005,109 (99.8839%)
Votes against: 1,451,207 (0.1161%)

Resolution 6: Ordinary Resolution

Description: Approval for Material Related Party Transactions between Company and Life Insurance Corporation of India

Promoter Interest: Yes

Voting Results:

Total valid votes polled: 377,278,008 (27.1429% of outstanding shares)
Votes in favor: 377,276,042 (99.9995%)
Votes against: 1,966 (0.0005%)
Invalid votes: 323,295 (excluded as per SEBI LODR Regulation 23(4))

Resolution 7: Special Resolution

Description: Increase in borrowing limits of the Company

Voting Results:

Total votes polled: 1,249,456,787 (89.8908% of outstanding shares)
Votes in favor: 1,249,453,379 (99.9997%)
Votes against: 3,408 (0.0003%)

Voting Process and Methods

Remote e-voting conducted prior to meeting
E-voting at AGM conducted during meeting
Poll/Postal Ballot: Not applicable for most resolutions
Scrutinizer: Mota and Mirani Associates (Company Secretaries)
Scrutinizer's report confirmed compliance with voting procedures

Shareholder Category Breakdown

Total Outstanding Shares: 1,389,971,160

Promoter & Promoter Group (729,582,599 shares):

100% participation across all resolutions
100% votes in favor for all resolutions

Public Institutions (520,025,248 shares):

Participation ranged from 62.72% to 90.11% across resolutions
Near-unanimous approval (98.90%-100%) for all resolutions

Public Non-Institutions (140,363,313 shares):

Participation ranged from 36.42% to 36.69% across resolutions
High approval rates (99.99%-100%) for most resolutions

Compliance and Regulatory References

Compliance with Regulation 44 of SEBI LODR Regulations, 2015
Compliance with Companies Act, 2013 provisions
Special note on Regulation 23(4) of SEBI LODR for related party transaction voting

Additional Information

Voting results available on company website: https://www.mahindrafinance.com/investor-relations/regulatory-filings
Voting results available on KFin Technologies website: https://evoting.kfintech.com/
Scrutinizer's office: 410, Bhaveshwar Arcade Annexe, Opp. Shreyas Cinema, LBS Marg, Ghatkopar (West), Mumbai 400086
Scrutinizer contact: Tel: 022-49707990, Email: motaandmiraniassociates@gmail.com