Meeting Details

  • Date: 29th September 2026
  • Time: 11:30 a.m.
  • Type: 24th Annual General Meeting
  • Location: Conducted through Video Conferencing/Other Audio-Visual Means, with Registered Office deemed as venue
  • Cut-off Date: 22nd September 2026 for voting entitlement determination

Proposed Resolutions and Implications

Five resolutions were considered and approved:

1. Ordinary Resolution: Adoption of Audited Consolidated and Standalone Financial Statements for financial year ended 31st March 2026 along with reports of Board of Directors and Auditors

2. Ordinary Resolution: Re-appointment of Mr. Praveen Sevantilal Panchal (DIN: 10895449) as Executive Director

3. Special Resolution: Re-appointment of Mr. Sanjay Bhanudas Patil (DIN: 00229052) as Managing Director (Promoters interested and abstained from voting)

4. Special Resolution: Re-appointment of Mrs. Anjali Vikas Sapkal (DIN: 02136528) as Non-Executive Independent Director

5. Special Resolution: Appointment of Mr. Rahul Ramkrishna Modak (DIN: 11178610) as Non-Executive Independent Director

Voting Process and Methods

  • Remote e-voting period: 25th September 2026 (9:00 a.m.) to 28th September 2026 (5:00 p.m.)
  • E-voting during AGM: Active throughout AGM and 15 minutes post conclusion
  • Service Provider: BigShare Services Private Limited (also serves as RTA)
  • Advertisement published: Financial Express (English) and Mumbai Lakshadeep (Marathi) on 7th September 2026
  • Notice dispatch: Annual Report and AGM notice dispatched via email on 7th September 2026

Key Voting Outcomes

Overall Participation

  • Total outstanding shares: 22,203,720
  • Total votes cast: 12,658,774 shares (57.01% of outstanding shares)
  • Unanimous approval: All resolutions passed with 100% votes in favor

Resolution-wise Breakdown

Resolution 1 (Ordinary - Financial Statements)

  • Promoter & Promoter Group: 12,122,935 votes (100% participation, 100% in favor)
  • Public Institutions: 298 votes (0.1948% participation, 100% in favor)
  • Public Non-Institutions: 535,541 votes (5.3944% participation, 100% in favor)

Resolution 2 (Ordinary - Mr. Panchal Reappointment)

  • Promoter & Promoter Group: 12,122,935 votes (100% participation, 100% in favor)
  • Public Institutions: 298 votes (0.1948% participation, 100% in favor)
  • Public Non-Institutions: 535,541 votes (5.3944% participation, 100% in favor)

Resolution 3 (Special - Mr. Patil Reappointment)

  • Promoter & Promoter Group: 5,099,575 votes (42.0655% participation, 100% in favor) - promoters abstained as interested parties
  • Public Institutions: 298 votes (0.1948% participation, 100% in favor)
  • Public Non-Institutions: 535,541 votes (5.3944% participation, 100% in favor)

Resolution 4 (Special - Mrs. Sapkal Reappointment)

  • Promoter & Promoter Group: 12,122,935 votes (100% participation, 100% in favor)
  • Public Institutions: 298 votes (0.1948% participation, 100% in favor)
  • Public Non-Institutions: 535,541 votes (5.3944% participation, 100% in favor)

Resolution 5 (Special - Mr. Modak Appointment)

  • Promoter & Promoter Group: 12,122,935 votes (100% participation, 100% in favor)
  • Public Institutions: 298 votes (0.1948% participation, 100% in favor)
  • Public Non-Institutions: 535,541 votes (5.3944% participation, 100% in favor)

Scrutinizer's Combined Results

Remote e-voting: 61 members casting 12,639,840 votes

E-voting at AGM: 1 member casting 18,934 votes

Total: 62 members casting 12,658,774 votes (100% in favor for all resolutions)

Scrutinizer's Role and Findings

  • Scrutinizer: CS Sanam Umbargikar, Partner of DSM & Associates (UCN: P2015MH038100, Peer Review No. 2229/2022)
  • Responsibilities: Ensure fair and transparent voting process, submit consolidated report of votes cast
  • Findings: All resolutions passed with requisite majority, no dissent votes, no invalid votes
  • Process: Voting portal blocked after remote e-voting period, results unblocked post-AGM

Compliance Confirmation

Compliance confirmed with:

  • Section 108 of Companies Act, 2013
  • Rule 20 of Companies (Management and Administration) Rules, 2014
  • Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Relevant MCA circulars for VC/OAVM meetings

Additional Information

  • Company CIN: L99999MH2002PLC156371 (Formerly Markolines Traffic Controls Ltd.)
  • Corporate Office: 6th Floor, Wing-A, Shree Nand Dham, Sector 11, CBD Belapur, Navi Mumbai 400614
  • BSE Scrip Code: 543364
  • NSE Symbol: MARKOLINES