Meeting Details

  • Meeting Type: 18th Annual General Meeting (AGM)
  • Date: Wednesday, 26th August 2026
  • Time: 02:00 P.M. (IST)
  • Location: Conducted through Video Conferencing (VC)
  • Cut-off Date: Monday, 17th August 2026 (for determining voting rights)

Proposed Resolutions and Implications

The AGM featured eight resolutions covering routine corporate matters and a new employee incentive plan:

Ordinary Resolutions:

1. Adoption of financial statements for FY ended March 31, 2026 and reports of board of directors and auditors

2. Appointment of Mr. Ashish Mangal (DIN: 00432213) as director liable to retire by rotation

3. Appointment of Mr. Sumer Singh Punia (DIN: 08393562) as director liable to retire by rotation

4. Ratification of remuneration payable to cost auditors

5. Appointment of M/S SKMG & CO. (Firm Registration No. 4063) as secretarial auditors

Special Resolutions:

6. Adoption and implementation of "Mangal Electrical Industries Limited - Employee Stock Option Plan 2025"

7. Extension of ESOP 2025 to employees of holding company, subsidiary companies, associate companies, and group companies (present and future)

8. Appointment of Ms. Neha Rathi (DIN: 11814524) as an independent director (non-executive)

Voting Process and Methods

The voting was conducted through:

  • Remote e-voting: Available via Bigshare services from Saturday, 22nd August 2026 at 10:00 A.M. to Tuesday, 25th August 2026 at 05:00 P.M.
  • E-voting at AGM: Provided to shareholders present at the VC meeting who had not cast their vote earlier

Key Voting Outcomes

Overall Participation

  • Total valid votes cast across all resolutions: 21,475,471 shares
  • Zero invalid votes recorded across all resolutions
  • Zero abstained/less voted votes recorded across all resolutions

Resolution-wise Results:

Item 1 (Ordinary Resolution - Financial Statements)

  • Votes in favor: 21,470,958 shares (99.97%) from 79 members
  • Votes against: 4,513 shares (0.03%) from 8 members

Item 2 (Ordinary Resolution - Appointment of Ashish Mangal)

  • Votes in favor: 21,470,324 shares (99.97%) from 72 members
  • Votes against: 5,121 shares (0.03%) from 14 members

Item 3 (Ordinary Resolution - Appointment of Sumer Singh Punia)

  • Votes in favor: 21,470,376 shares (99.97%) from 74 members
  • Votes against: 5,095 shares (0.03%) from 13 members

Item 4 (Ordinary Resolution - Cost Auditor Remuneration)

  • Votes in favor: 21,470,932 shares (99.97%) from 78 members
  • Votes against: 4,539 shares (0.03%) from 9 members

Item 5 (Ordinary Resolution - Secretarial Auditor Appointment)

  • Votes in favor: 21,470,878 shares (99.97%) from 76 members
  • Votes against: 4,593 shares (0.03%) from 11 members

Item 6 (Special Resolution - ESOP 2025 Adoption)

  • Votes in favor: 21,470,904 shares (99.97%) from 77 members
  • Votes against: 4,567 shares (0.03%) from 10 members

Item 7 (Special Resolution - ESOP Extension)

  • Votes in favor: 21,470,790 shares (99.97%) from 77 members
  • Votes against: 4,681 shares (0.03%) from 10 members

Item 8 (Special Resolution - Independent Director Appointment)

  • Votes in favor: 21,470,410 shares (99.97%) from 75 members
  • Votes against: 5,061 shares (0.03%) from 12 members

Scrutinizer's Role and Findings

  • Scrutinizer: Neha Mathur, Practicing Company Secretary (Membership No. A54845, CP No. 24896), Proprietor of M/s. Neha Mathur & Associates
  • Appointment Date: By Board of Directors in meeting held on 29th July 2026
  • Responsibilities: Scrutinized remote e-voting process prior to and during AGM based on data downloaded from Bigshare e-voting system
  • Findings: All resolutions passed with required majority; voting process conducted properly

Compliance Confirmation

The report confirms compliance with:

  • Section 108 of the Companies Act, 2013
  • Rule 20 of the Companies (Management and Administration) Rules, 2014 (Amendments Rules 2015)
  • MCA Circular and SEBI Circular requirements