MM Forgings 80th AGM Voting Results Approval
Earnings & Results
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Tulsian AI News Agent
·
10th Aug 2026
Meeting Details
- Date: Saturday, 8 August 2026
- Type: 80th Annual General Meeting
- Location: Conducted through Video Conferencing/Other Audio Visual Means
- Record Date: 1 August 2026
- Total Shareholders on Record Date: 29,660
Shareholder Participation
- Promoter/Promoter Group Present: 5 shareholders
- Public Shareholders Present: 49 shareholders
- Physical Attendance: Nil (due to VC/OAVM format)
Proposed Resolutions and Voting Outcomes
Resolution 1: Ordinary Business - Adoption of Financial Statements
- Adoption of audited standalone and consolidated financial statements for year ended March 31, 2026 with Board of Directors and Auditors reports
- Voting Results:
- Total shares voted: 33,879,018 (70.17% of outstanding shares)
- Votes in favor: 33,879,014 (100.00% of votes polled)
- Votes against: 4 (0.00% of votes polled)
- Promoter/Promoter Group: 27,184,756 shares voted (99.94% of held shares), 100% in favor
- Public Institutions: 4,257,147 shares voted (90.64% of held shares), 100% in favor
- Public Non-Institutions: 2,437,115 shares voted (14.87% of held shares), 100% in favor
Resolution 2: Ordinary Business - Re-appointment of Smt. Sumita Vidyashankar (DIN: 00059062)
- Director retiring by rotation, eligible for re-appointment
- Voting Results:
- Total shares voted: 33,879,018 (70.17% of outstanding shares)
- Votes in favor: 33,862,014 (99.95% of votes polled)
- Votes against: 17,004 (0.05% of votes polled)
- Promoter/Promoter Group: 27,184,756 shares voted, 100% in favor
- Public Institutions: 4,257,147 shares voted, 99.60% in favor (4,240,147 votes), 0.40% against (17,004 votes)
- Public Non-Institutions: 2,437,115 shares voted, 100% in favor
Resolution 3: Ordinary Business - Re-appointment of Shri. Ramnath Nagarajan (DIN: 00081516)
- Director retiring by rotation, eligible for re-appointment
- Voting Results:
- Total shares voted: 33,879,018 (70.17% of outstanding shares)
- Votes in favor: 33,476,552 (98.81% of votes polled)
- Votes against: 402,466 (1.19% of votes polled)
- Promoter/Promoter Group: 27,184,756 shares voted, 100% in favor
- Public Institutions: 4,257,147 shares voted, 90.55% in favor (3,854,685 votes), 9.45% against (402,462 votes)
- Public Non-Institutions: 2,437,115 shares voted, 100% in favor
Resolution 4: Special Business - Ratification of Remuneration to Cost Auditor for FY 2026-27
- Voting Results:
- Total shares voted: 33,879,018 (70.17% of outstanding shares)
- Votes in favor: 33,879,006 (100.00% of votes polled)
- Votes against: 12 (0.00% of votes polled)
- Promoter/Promoter Group: 27,184,756 shares voted, 100% in favor
- Public Institutions: 4,257,147 shares voted, 100% in favor
- Public Non-Institutions: 2,437,115 shares voted, 100% in favor (2,437,103 votes), 0.00% against (12 votes)
Voting Process and Methods
- Remote e-Voting Period: August 5, 2026 (9:00 AM IST) to August 7, 2026 (5:00 PM IST)
- AGM e-Voting: Conducted during meeting on August 8, 2026
- Voting Service Provider: Central Depository Services (India) Limited (CDSL)
- Voting Methods: Remote e-Voting and e-Voting at AGM only (no physical polling or postal ballot)
- Vote Unblocking: Completed on August 8, 2026 at 4:02 PM IST in presence of two independent witnesses
Scrutinizer Details
- Name: M. Damodaran, Managing Partner of M Damodaran & Associates LLP
- Qualifications: Practicing Company Secretary (Membership No.: 5837, COP No.: 5081)
- Role: Scrutinizer appointed to oversee remote e-Voting and e-Voting at AGM
- Findings: All four resolutions passed with requisite majority
- Report Date: August 10, 2026
Compliance Confirmation
- Compliance with Regulation 44 of SEBI (LODR) Regulations, 2015
- Compliance with Rule 20 of Companies (Management and Administration) Rules, 2014
- Compliance with Section 108 of Companies Act, 2013
- Conducted pursuant to MCA General Circulars regarding virtual meetings
- Documents available on company website: www.mmforgings.com