Meeting Details

The 36th Annual General Meeting of Mohit Industries Limited was held on Wednesday, September 30, 2026 at 12:00 Noon (IST) through Video Conferencing (VC)/Other Audio-Visual Means (OAVM). The meeting was convened in accordance with multiple MCA General Circulars issued between 2020-2025.

Proposed Resolutions and Implications

The AGM considered four resolutions:

1. Ordinary Resolution 1: Adoption of Audited Financial Statements

2. Ordinary Resolution 2: Appointment of Director retiring by rotation

3. Ordinary Resolution 3: Approval of remuneration of the Cost Auditor for financial year 2026-27

4. Ordinary Resolution 4: Approval of Material Related Party Transactions with (a) Mr. Narayan Sitaram Saboo (b) Mr. Manish Narayan Saboo (c) Mr. Mohit Narayan Saboo and (d) Mr. Naresh Sitaram Saboo for financial year 2026-27

Voting Process and Methods

The voting was conducted through:

  • Remote e-voting: Conducted through National Securities Depository Limited (NSDL) from 09:00 AM (IST) on September 26, 2026 to 05:00 PM (IST) on September 29, 2026
  • E-voting at AGM: No votes were cast during the AGM itself
  • Record date: September 23, 2026 for determining entitlement to vote
  • Advertisement: Published in Financial Express, All India Edition (English) on September 6, 2026 and Financial Express, Ahmedabad (Gujarati) on September 7, 2026

Key Voting Outcomes

Resolution 1: Adoption of Audited Financial Statements

  • Total members voted: 44
  • Total shares voted: 8,105,348
  • Votes in favor: 8,105,348 shares (99.97%)
  • Votes against: 2,084 shares (0.03%)
  • Invalid votes: 0

Resolution 2: Appointment of Director retiring by rotation

  • Total members voted: 43
  • Total shares voted: 8,105,248
  • Votes in favor: 8,105,248 shares (99.97%)
  • Votes against: 2,184 shares (0.03%)
  • Invalid votes: 0

Resolution 3: Approval of Cost Auditor remuneration

  • Total members voted: 44
  • Total shares voted: 8,105,348
  • Votes in favor: 8,105,348 shares (99.97%)
  • Votes against: 2,084 shares (0.03%)
  • Invalid votes: 0

Resolution 4: Approval of Related Party Transactions

  • Total members voted: 44
  • Total shares voted: 8,105,348
  • Votes in favor: 8,105,348 shares (99.97%)
  • Votes against: 2,084 shares (0.03%)
  • Invalid votes: 0

All four ordinary resolutions were passed with requisite majority.

Scrutinizer's Role and Findings

Dhirren R. Dave & Co., Company Secretaries were appointed as Scrutinizer to scrutinize the e-voting process. The verification of electronically cast votes was conducted on September 30, 2026 at approximately 03:55 PM after conclusion of the AGM, in the presence of two witnesses (Mr. Tushar Soni and Ms. Mahima Soni) who are not employees of the company. The scrutinizer confirmed that the voting process complied with Section 108 of the Companies Act, 2013 and Rule 20 of the Companies (Management and Administration) Rules, 2014.

Compliance Confirmation

The company confirmed compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015, specifically Regulation 44, and applicable provisions of the Companies Act, 2013.