Meeting Details
- Date: Wednesday, September 23, 2026
- Time: 11:30 AM to 11:53 AM
- Location: Conducted through Video Conferencing (VC)/Other Audio Visual Means (OAVM)
- Type of Meeting: 15th Annual General Meeting (AGM)
Proposed Resolutions and Implications
Two ordinary resolutions were proposed and considered:
1. Resolution 1: To consider, approve and adopt the Standalone and Consolidated Audited Financial Statements of the Company for the financial year ended March 31, 2026, and the reports of the Board of Directors and Auditors thereon.
2. Resolution 2: To appoint a director in place of Mr. Vikas Goel (DIN: 05122585), who retires by rotation and being eligible, offers himself for re-appointment as a director.
Voting Process and Methods
The voting was conducted through two methods:
- Remote e-voting: Arranged through Central Depositors Services (India) Limited (CDSL) from September 20, 2026 (9:00 AM) to September 22, 2026 (5:00 PM)
- E-voting during AGM: Available for members who had not cast their vote through remote e-voting and were attending the meeting through video conferencing
- Cut-off date: September 17, 2026 for determining voting entitlements
Key Voting Outcomes
Resolution 1: Financial Statements Approval
- Total votes cast: 7,080,294 votes
- Votes in favor: 7,080,292 votes (99.99997%)
- Votes against: 2 votes (0.00003%)
- Invalid votes: 0
Category-wise breakdown for Resolution 1:
- Promoter and Promoter Group: 6,941,700 votes cast (100% of holdings), all in favor
- Public Institutions: 0 votes cast (0% participation)
- Public Non-Institutions: 138,594 votes cast (8.0783% of holdings), 138,592 in favor, 2 against
Resolution 2: Director Re-appointment
- Total votes cast: 7,080,294 votes
- Votes in favor: 7,080,291 votes (100%)
- Votes against: 3 votes (0%)
- Invalid votes: 0
Category-wise breakdown for Resolution 2:
- Promoter and Promoter Group: 6,941,700 votes cast (100% of holdings), all in favor
- Public Institutions: 0 votes cast (0% participation)
- Public Non-Institutions: 138,594 votes cast (8.0783% of holdings), 138,591 in favor, 3 against
Participation Breakdown
- Total shareholders on record date: 6,018
- Shareholders present through video conferencing: 6,018 total (7 Promoter/Promoter Group, 6,011 Public)
- No physical attendance: 0 shareholders present in person or through proxy
Scrutinizer's Role and Findings
Mr. Ajay Arora, Practicing Company Secretary (FCS 2191, CP 993) of A. Arora & Co., was appointed as scrutinizer by the Board of Directors on August 12, 2026. His responsibilities included:
- Ensuring fair and transparent voting process for both remote e-voting and e-voting during the meeting
- Unblocking results on September 23, 2026 in the presence of two witnesses not employed by the company
- Providing consolidated report of total votes cast for and against each resolution
- Confirming all electronic data and records related to voting are under safe custody
Mr. Arora confirmed that both resolutions were passed with requisite majority and the voting process complied with applicable regulations.
Compliance with Laws and Regulations
The meeting was conducted in compliance with:
- General Circular Nos. 14/2020, 17/2020, 20/2020, 10/2022, 09/2023, 09/2024, and 03/2025 issued by MCA
- SEBI circulars dated May 12, 2020; January 15, 2021; May 13, 2022; January 5, 2023; October 7, 2023; and October 3, 2024
- SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
- Section 108 of the Companies Act, 2013 and Companies (Management and Administration) Rules, 2014
Signatories and Roles
- Harsh Sharma: Company Secretary & Compliance Officer (Membership No. A73413) - signed the submission letter on September 24, 2026
- Ajay Arora: Practicing Company Secretary - issued the scrutinizer report on September 23, 2026
Additional Information
- Company CIN: L15311CH2011PLC033393
- Company Symbol: MEGASTAR
- The company had 11,293,700 outstanding shares as of the record date