MM Forgings shareholders passed two special resolutions via remote e-voting, approving an increase in authorized share capital and a ₹600 crore fundraising.
The authorized capital was increased from ₹51 crores to ₹61 crores, divided into 6.1 crore equity shares of ₹10 each.
The fundraising resolution allows the issuance of equity shares and/or other securities in one or more tranches up to ₹600 crores.
Both resolutions were deemed passed on April 29, 2026, based on the scrutinizer's report dated April 30, 2026.