Key Quantitative Figures

  • Total number of shareholders on record date: 62,641
  • Total outstanding shares: 72,163,930
  • Promoter and Promoter Group shares: 50,022,470 (69.33% of total)
  • Public Institutions shares: 507,013 (0.70% of total)
  • Public Non-Institutions shares: 21,634,447 (29.97% of total)
  • Total votes polled: 50,317,702 (69.7269% of outstanding shares)

Dates of Action

  • Postal Ballot and E-Voting Notice dated: 24th March 2026
  • Intimation dated: 24th April 2026
  • E-voting period: 1st May 2026 (9:00 AM IST) to 1st June 2026 (5:00 PM IST)
  • Voting closed: 1st June 2026 at 5:00 PM IST
  • Scrutinizer's report submitted: 2nd June 2026
  • Results declared: 2nd June 2026

Parties Involved

  • Scrutinizer: CS Umesh Ved, M/s. Umesh Ved & Associates, Practicing Company Secretaries, Ahmedabad (FCS No.: 4411, CP No.: 2924)
  • E-voting agency: KFin Technologies Limited
  • Witnesses: Ms. Heena Hotwani & Mr. Bhargav Tank (for unblocking of e-votes)
  • Company Secretary: Mr. Amish Shah

Resolution Details

Resolution 1: For giving loan and guarantee or providing security in connection with loan availed by any specified person under section 185 of the Companies Act, 2013

  • Resolution type: Special Resolution
  • Promoter interest: No
  • Voting results:
  • Promoter and Promoter Group: 50,022,470 votes in favor (100%), 0 against
  • Public Institutions: 0 votes in favor, 13,123 against (100%)
  • Public Non-Institutions: 251,460 votes in favor (89.1357%), 30,649 against (10.8642%)
  • Total: 50,273,930 votes in favor (99.9130%), 43,772 against (0.0870%)

Resolution 2: To make investments, give loans, guarantees and security in excess of limits specified under section 186 of the Companies Act, 2013

  • Resolution type: Special Resolution
  • Promoter interest: No
  • Voting results:
  • Promoter and Promoter Group: 50,022,470 votes in favor (100%), 0 against
  • Public Institutions: 0 votes in favor, 13,123 against (100%)
  • Public Non-Institutions: 251,439 votes in favor (89.1283%), 30,670 against (10.8716%)
  • Total: 50,273,909 votes in favor (99.9130%), 43,793 against (0.0870%)

Scrutinizer's Report Key Findings

  • E-voting data downloaded from KFin Technologies Limited on 1st June 2026 at 5:38 PM
  • E-votes were unblocked on 1st June 2026 in presence of two witnesses
  • Two shareholders holding 1,800 shares abstained from voting for both resolutions
  • No invalid votes were recorded for either resolution
  • The scrutinizer confirmed both resolutions passed with requisite majority

Distribution of Information

  • Results available on company website: www.mafatlals.com
  • Results available on KFin Technologies website: https://evoting.kfintech.com
  • Results available at Registered Office of the Company
  • Newspaper advertisement published in Financial Express (English and Gujarati editions) on 25th April 2026

Financial Impact

Financial impact not quantified in the disclosure. The resolutions provide authorization for future transactions but do not specify amounts or specific transactions.

Capital Structure Impact

No immediate impact on capital structure disclosed. The resolutions authorize certain corporate actions but do not involve immediate changes to share capital or ownership structure.