Outcome of the 17th Annual General Meeting
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Machhar Industries Ltd held its 17th Annual General Meeting on Saturday, 20th September 2025, from 2:30 PM to 3:15 PM in physical mode, with e-voting open from 16th to 19th September 2025. A total of 62 shareholders attended (27 from promoter group and 35 from public). The meeting was chaired by Mr. Sandeep Machhar, with all key managerial personnel present except the Whole-Time Director. Seven resolutions were put to vote, including adoption of FY25 financial statements, re-appointment of statutory auditors (M/s. Ashok Majethia & Co.), re-appointment of Mr. Sandeep Machhar as Managing Director for five years, re-appointment of Mr. Vyankat W. Katkar as Whole-Time Director for one year, continuation of Mr. Arvind Machhar's directorship post age 75, appointment of new secretarial auditors (M/s. Ganesh Palve and Associates) for five years, and approval of a related party transaction with M/s. Lathi & Tapdiya. E-voting results will be shared separately with the exchange.
Routine AGM proceedings with standard business approvals — no major strategic surprises. The five-year re-appointment of the Managing Director provides leadership continuity, while the related party transaction approval is a governance point shareholders should note.