Meeting Details

The 88th Annual General Meeting (e-AGM) of Mukand Limited was held on Wednesday, August 12, 2026 at 11:30 a.m. through Video Conferencing (VC) / Other Audio-Visual Means (OAVM). The meeting was conducted in accordance with the Companies Act, 2013, SEBI Listing Regulations, and circulars issued by the Ministry of Corporate Affairs.

Proposed Resolutions and Implications

Six resolutions were proposed for shareholder approval:

1. Ordinary Resolution: Adoption of audited standalone and consolidated financial statements for the year ended March 31, 2026, together with Reports of Board of Directors and Auditors

2. Ordinary Resolution: Declaration of 8% dividend on 8% Cumulative Redeemable Preference Shares for FY2026

3. Ordinary Resolution: Declaration of dividend on Equity Shares at ₹3 per share (including special payout of ₹1 in celebration of 100 years of Bajaj Group)

4. Ordinary Resolution: Reappointment of Shri Nirav Bajaj (DIN: 08472468) as Director who retires by rotation

5. Ordinary Resolution: Ratification of Cost Auditor's Remuneration

6. Special Resolution: General approval for issue of Redeemable Non-convertible Debentures on private placement basis

Voting Process and Methods

The Company provided facility of remote e-voting to shareholders as of the cut-off date August 05, 2026. The remote e-voting system was open from Sunday, August 09, 2026 (9:00 a.m.) to Tuesday, August 11, 2026 (5:00 p.m.). Electronic voting facility was also made available during the e-AGM for members who had not cast votes by remote e-voting.

Key Voting Outcomes

All resolutions were passed with requisite majority. The scrutinizer's report provides the following detailed results:

Item No. 1: Adoption of Financial Statements

  • Total Valid Votes: 110,690,078
  • Votes in Favor: 110,688,986 (99.99%)
  • Votes Against: 1,092 (0.01%)
  • Invalid Votes: 0

Item No. 2: Preference Share Dividend

  • Total Valid Votes: 110,690,078
  • Votes in Favor: 110,688,471 (99.99%)
  • Votes Against: 1,607 (0.01%)
  • Invalid Votes: 0

Item No. 3: Equity Share Dividend

  • Total Valid Votes: 110,690,078
  • Votes in Favor: 110,688,936 (99.99%)
  • Votes Against: 1,142 (0.01%)
  • Invalid Votes: 0

Item No. 4: Reappointment of Director

  • Total Valid Votes: 110,690,078
  • Votes in Favor: 110,676,013 (99.99%)
  • Votes Against: 14,060 (0.01%)
  • Invalid Votes: 0

Item No. 5: Cost Auditor Remuneration

  • Total Valid Votes: 110,690,078
  • Votes in Favor: 110,688,536 (99.99%)
  • Votes Against: 1,092 (0.01%)
  • Invalid Votes: 0

Item No. 6: NCD Issuance Approval

  • Total Valid Votes: 110,690,078
  • Votes in Favor: 110,688,859 (99.99%)
  • Votes Against: 1,219 (0.01%)
  • Invalid Votes: 0

Scrutinizer's Role and Findings

CS Anirudh Kumar Tanvar (ACS: 23145, CP No. 19757) was appointed as scrutinizer to scrutinize the remote e-voting process. The votes were unblocked on August 12, 2026 in the presence of two witnesses - Mr. Hemang Satra and Mr. Shivam Sharma (not employed by the Company). The scrutinizer confirmed that all resolutions were passed with requisite majority and the voting process was conducted fairly and transparently.

Compliance Confirmation

The meeting and voting process complied with Section 108 of the Companies Act, 2013, Rule 20 of the Companies (Management and Administration) Rules, 2014, and Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.