MMP Industries 53rd AGM Approves All Nine Resolutions

Meeting Details

Date: Saturday, 12th September 2026
Time: 11:04 AM
Location: Conducted through Video Conferencing (VC)/Other Audio Visual Means (OAVM) facility
Type of Meeting: Fifty-Third Annual General Meeting
Cut-off (Record) Date: 5th September 2026

Shareholder Participation

Total Shareholders as on Cut-off Date: 10,773
Shareholders who exercised vote through e-Voting: 40 (9 Promoter & Promoter Group, 31 Public Shareholders)
Shareholders attended through VC Facility: 40
Physical attendance: Not Applicable

Voting Process and Methods

E-voting Service Provider: Bigshare Services Private Limited
Voting Platform: https://ivote.bigshareonline.com/landing
Remote e-voting period: 9th September 2026 (9:00:34 AM) to 11th September 2026 (5:00:50 PM)
Extended voting at AGM: 12th September 2026 from 11:00:00 AM to 11:50:45 AM
Scrutinizer: M/s Vaibhav Jachak & Co., Company Secretaries, Nagpur (ICSI Membership No. FCS – 8821, Certificate of Practice No. 18495)
Legal Basis: Conducted under Section 108, 109 of Companies Act, 2013 read with Rule 20, 21 of Companies (Management and Administration) Rules, 2014 and Regulation 44 of SEBI LODR

Resolution Details and Voting Outcomes

Resolution 1: Adoption of Financial Statements for FY 2025-26 (Ordinary Resolution)

Total Votes Polled: 19,057,483 (75.02% of outstanding shares)
In Favor: 19,056,583 (100.00% of votes polled)
Against: 900 (0.00% of votes polled)
Promoter Group: 18,920,779 votes (100% in favor)
Public Non-Institutions: 136,704 votes (99.34% in favor, 0.66% against)

Resolution 2: Final Dividend of ₹2 per equity share (Ordinary Resolution)

Total Votes Polled: 19,057,483 (75.02%)
In Favor: 19,055,433 (99.99%)
Against: 2,050 (0.01%)
Promoter Group: 18,920,779 votes (100% in favor)
Public Non-Institutions: 136,704 votes (98.50% in favor, 1.50% against)

Resolution 3: Reappointment of Mr. Mayank Bhandari (DIN: 01176865) as Director (Ordinary Resolution)

Total Votes Polled: 19,057,483 (75.02%)
In Favor: 19,056,583 (99.995%)
Against: 900 (0.005%)

Resolution 4: Ratification of Remuneration of Cost Auditors (Ordinary Resolution)

Total Votes Polled: 19,057,483 (75.02%)
In Favor: 19,056,583 (99.995%)
Against: 900 (0.005%)

Resolution 5: Continuation of Mr. Arun Bhandari as Managing Director above age 70 (Special Resolution)

Total Votes Polled: 19,057,483 (75.02%)
In Favor: 19,056,481 (99.994%)
Against: 1,002 (0.006%)

Resolution 6: Continuation and extension of Mr. Lalit Bhandari as Whole Time Director (Special Resolution)

Total Votes Polled: 19,057,483 (75.02%)
In Favor: 19,056,583 (99.995%)
Against: 900 (0.005%)

Resolution 7: Appointment of M/s Vaibhav Jachak & Co. as Secretarial Auditors for 5 years (Special Resolution)

Total Votes Polled: 19,057,483 (75.02%)
In Favor: 19,056,583 (99.995%)
Against: 900 (0.005%)

Resolution 8: Appointment of Mr. Raj Sethia (DIN: 03203265) as Independent Director for 5 years (Special Resolution)

Total Votes Polled: 19,057,483 (75.02%)
In Favor: 19,056,583 (99.995%)
Against: 900 (0.005%)

Resolution 9: Appointment of Dr. Sanjay Arora (DIN: 03203265) as Independent Director for 5 years (Special Resolution)

Total Votes Polled: 19,057,483 (75.02%)
In Favor: 19,056,583 (99.995%)
Against: 900 (0.005%)

Scrutinizer's Report and Compliance

Scrutinizer: Vaibhav Yashwant Jachak of M/s Vaibhav Jachak & Co.
Appointment Date: 10th August 2026 by Board of Directors
Witnesses during vote unblocking: Adv. Sneha Jachak and Mrs. Shweta Rathod (not employed by company)
Total shares voted: 19,056,583
Abstain/Invalid Votes: None
Advertisement published: English (Financial Express, Indian Express) and Marathi (Loksatta) on 19th August 2026
Email dispatch: Notices sent to 10,757 members, with 10,327 successfully transmitted

Compliance Confirmation

All resolutions passed with requisite majority in compliance with Companies Act, 2013, SEBI LODR Regulations, 2015, and other applicable rules. The e-voting process was conducted fairly and transparently.

Additional Information

Total Outstanding Shares: 25,402,613
Promoter & Promoter Group Holdings: 18,920,779 shares (74.48%)
Public Non-Institutions Holdings: 6,481,046 shares (25.52%)
Public Institutions Holdings: 0 shares

Note: Some numerical inconsistencies exist in the source data regarding total public non-institution shares (6,481,834 vs 6,481,046) which require clarification from the company.