Disclosure of Voting Results of 1st Extra-Ordinary General Meeting of F MEC International Financial Services Limited in terms of Reg. 44 of SEBI (LODR)Regulations, 2015 along with the Scrutinizer ....
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F Mec International Financial Services Ltd held its 1st EGM on August 21, 2025, via video conferencing, where shareholders approved a special resolution to increase the company's overall borrowing powers under Section 180(1)(c) of the Companies Act, 2013. A total of 1,155 shareholders were on record as of the cut-off date (August 13, 2025), with 51 attending the meeting remotely. Out of 8,891,768 outstanding shares, 2,736,359 votes (30.77%) were polled, of which 2,736,308 (99.9981%) voted in favor and only 51 (0.0019%) voted against. Promoters and promoter group, who declared interest in the resolution, voted entirely in favor (2,076,565 shares). The resolution was declared passed unanimously by the Scrutinizer, A.K. Verma & Co.
Shareholders have given the company a clear mandate to raise additional debt, giving management greater financial flexibility for growth or working capital needs, though it also raises the company's future debt servicing obligations. The near-unanimous approval (over 99.99% in favor) signals strong shareholder confidence and minimal dissent on this borrowing expansion.