This disclosure intimates the outcome of the 43rd Annual General Meeting (AGM) of Mega Nirman & Industries Limited, held on August 25, 2026, specifically regarding the cessation of a director.

Nature of the Event

The primary event is the cessation of Mr. Ramanuj Murlinarayan Darak (DIN: 08647406) from his position as Whole-Time Director of the company. This resulted from shareholders not approving his re-appointment via an ordinary resolution (Resolution No. 2) at the AGM. His cessation is effective from the date of the AGM, August 25, 2026.

The company states it will take necessary steps to ensure the Board remains duly constituted in accordance with the minimum director requirements under the Companies Act, 2013.

Voting Results and Other Resolutions

The Consolidated Scrutinizer's Report by Shiva Nishad of Krishan Rakesh & Co. (Firm Regn. No. 009088N) details the voting for all resolutions. The cut-off date for shareholder eligibility was August 18, 2026. Voting was conducted via remote e-voting (managed by NSDL from August 22 to August 24, 2026) and physical ballot at the AGM.

The results of the resolutions are as follows:

1. Resolution No. 1: Ordinary Resolution - Adoption of Financial Statements

  • Result: Passed.
  • Votes in Favor: 20,366,134 (99.99% of valid votes cast).
  • Votes Against: 488 (0.01% of valid votes cast).

2. Resolution No. 2: Ordinary Resolution - Re-appointment of Mr. Ramanuj Darak

  • Result: Not Passed.
  • Votes in Favor: 7,520 (0.04% of valid votes cast).
  • Votes Against: 20,359,102 (99.96% of valid votes cast).

3. Resolution No. 3: Ordinary Resolution - Appointment of Auditors

  • Result: Passed.
  • Auditor Appointed: Krishan Rakesh & Co., Chartered Accountants, for 5 consecutive years.
  • Votes in Favor: 20,366,134 (99.99% of valid votes cast).
  • Votes Against: 488 (0.01% of valid votes cast).

4. Resolution No. 4: Ordinary Resolution - Change in Designation of Mr. Ankan Gupta

  • Result: Passed.
  • Change: Mr. Ankan Gupta's designation is changed from Executive Director to Chairman cum Managing Director for a 5-year period effective from July 23, 2026, to July 22, 2031.
  • Votes in Favor: 20,366,134 (99.99% of valid votes cast).
  • Votes Against: 488 (0.01% of valid votes cast).

5. Resolution No. 5: Special Resolution - Alteration of Articles of Association

  • Result: Passed.
  • Votes in Favor: 20,366,134 (99.99% of valid votes cast).
  • Votes Against: 488 (0.01% of valid votes cast).

Financial Impact

No direct financial impact is quantified in the disclosure. The impact is governance-related, concerning a change in the board's composition.

Capital Structure Impact

No impact on the company's capital structure is mentioned.

Parties Involved

  • Cessated Director: Mr. Ramanuj Murlinarayan Darak (DIN: 08647406)
  • Scrutinizer: Shiva Nishad, Partner, Krishan Rakesh & Co.
  • Authorized Agency for E-voting: National Securities Depository Limited (NSDL)
  • Company Secretary & Compliance Officer: Kanika Chawla