Menon Pistons Limited

Meeting Details

The 49th AGM was held on Wednesday, 05th August, 2026 at 4:00 PM IST through Video Conferencing/Other Audio-Visual Means. The meeting was attended by requisite quorum with 6 promoters and 34 public shareholders attending virtually.

Scrutinizer Appointment

CS Devendra Deshpande, Proprietor of M/s. DVD & Associates, Company Secretaries, Pune was appointed as Scrutinizer on 28th May, 2026 to scrutinize the voting process in a fair and transparent manner.

Shareholding and Voting Statistics

  • Record Date: 28th July, 2026
  • Total Number of Shareholders: 27,722
  • Total Shares Outstanding: 51,000,000
  • Promoter & Promoter Group Holdings: 37,927,910 shares (74.37%)
  • Public Institution Holdings: 16,981 shares (0.03%)
  • Public Non-Institution Holdings: 13,055,109 shares (25.60%)
  • Total Valid Votes Polled: 30,899,397 shares (60.5871% of outstanding shares)

Resolution Voting Results

Resolution 1: Adoption of Financial Statements

  • Ordinary Resolution: To receive, consider and adopt Audited Standalone and Consolidated Financial Statements for FY ended 31st March 2026
  • Votes in Favor: 30,899,397 (100%)
  • Votes Against: 0 (0%)

Resolution 2: Dividend Declaration

  • Ordinary Resolution: To declare dividend on equity shares for FY ended 31st March 2026
  • Promoters not interested in this resolution
  • Votes in Favor: 30,899,397 (100%)
  • Votes Against: 0 (0%)

Resolution 3: Re-appointment of Director

  • Ordinary Resolution: To appoint Ms. Sharanya Menon (DIN: 09159300) who retires by rotation
  • Promoters not interested in this resolution
  • Votes in Favor: 30,899,394 (100%)
  • Votes Against: 0 (0%)

Resolution 4: Re-appointment of Director

  • Ordinary Resolution: To appoint Ms. Devika Menon (DIN: 09694895) who retires by rotation
  • Promoters not interested in this resolution
  • Votes in Favor: 30,899,394 (100%)
  • Votes Against: 0 (0%)

Resolution 5: Cost Auditor Remuneration

  • Ordinary Resolution: Approval of remuneration payable to Cost Auditor for FY 2026-27
  • Promoters not interested in this resolution
  • Votes in Favor: 30,899,394 (100%)
  • Votes Against: 0 (0%)

Resolution 6: Appointment of Independent Director

  • Special Resolution: Appointment of Mr. Gurudas Kamalakar Chorage (DIN: 07233826) as Non-Executive & Independent Director
  • Promoters not interested in this resolution
  • Votes in Favor: 30,899,394 (100%)
  • Votes Against: 0 (0%)

Resolution 7: Appointment of Executive Director

  • Ordinary Resolution: Appointment of Ms. Nivedita Menon (DIN: 11771942) as Executive Director
  • Votes in Favor: 837,574 (100%)
  • Votes Against: 0 (0%)

Resolution 8: Executive Director Remuneration

  • Special Resolution: Approval for remuneration paid and payable to Ms. Nivedita Menon, Executive Director
  • Promoters ARE interested in this resolution
  • Votes in Favor: 837,574 (100%)
  • Votes Against: 0 (0%)

Voting Process Details

Remote e-voting period remained open from Sunday, 2nd August, 2026 (9:00 AM) to Tuesday, 4th August, 2026 (5:00 PM). The scrutinizer unblocked electronic votes after AGM closure in presence of two witnesses not employed by the company.

Result Declaration

All resolutions were passed with requisite majority. Resolutions 1-5 and 7 passed as Ordinary Resolutions. Resolutions 6 and 8 passed as Special Resolutions.

Document Certification

The disclosure was signed by Gayatri Eknath Patil, Company Secretary & Compliance Officer (ICSI Membership No.: A80289) on 05th August, 2026 at Kolhapur.