The Members of the Company by way of Special Resolutions in respect of (1) For giving loan and guarantee or providing security in connection with loan availed by any specified person under ....
MAFATIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Mafatlal Industries conducted a postal ballot through remote e-voting from May 1 to June 1, 2026, where shareholders approved two special resolutions with overwhelming majority. Resolution 1 allows the company to give loans, guarantees, or provide security in connection with loans availed by specified persons under Section 185 of the Companies Act, 2013, and was passed with 99.91% votes in favour (5.02 crore shares). Resolution 2 permits the company to make investments, give loans, guarantees, and security beyond the limits specified under Section 186 of the Companies Act, and was also passed with 99.91% votes in favour. Only 0.09% of votes were cast against either resolution, and two shareholders holding 1,800 shares abstained.
These approvals give the company broader flexibility to extend financial support to specified persons and to make investments or give loans/guarantees above statutory limits, which could benefit related-party transactions and group-level financing. This is a routine governance step and is unlikely to have a direct impact on the stock price.