Proceeding of 40th AGM
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Machino Plastics held its 40th AGM on 27th September 2025 via video conferencing from 10:30 AM to 11:10 AM, chaired by Mr. Aditya Jindal. All 9 resolutions were passed with overwhelming majority (around 99.68% votes in favour). Key items approved include adoption of FY25 audited financials, reappointment of Mr. Sanjiivv Jindal and Mr. Aditya Jindal (rotational), reappointment of both as Whole Time Director-Strategy and Chairman & Managing Director respectively, appointment of Ms. Sarika Marwaha as Independent Woman Director, appointment of M/s A.K & Associates as Secretarial Auditor, and approval of material related party transactions with Maruti Suzuki India Limited, Suzuki Motor Corporation, and other related parties. Chairman highlighted strong company performance, strategic growth plans, auto industry developments, and GST 2.0 reforms. Total of 3,392 shareholders were on record, with 66 attending via VC.
Routine AGM proceedings with all resolutions passing by large margins — no negative surprises. Reappointment of the promoter-led management team and approval of related party transactions with key clients Maruti Suzuki and Suzuki Motor indicate business continuity. Approval of material RPTs reflects continued dependence on these anchor customers.