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 has received shareholder approval via postal ballot for two special resolutions. The first resolution, passed with 99.91% votes in favour, authorises the company to give loans, guarantees, or security for loans availed by specified persons under Section 185 of the Companies Act. The second resolution, also passed with 99.91% approval, allows the company to make investments, give loans, and provide guarantees and security beyond the statutory limits specified under Section 186. E-voting ran from 1 May 2026 to 1 June 2026, with around 5.03 crore shares voting in favour on each resolution and fewer than 44,000 shares against. Two shareholders holding 1,800 shares abstained from voting. The result was certified by scrutinizer CS Umesh Ved on 2 June 2026.
These approvals give the company broader financial flexibility to lend to related parties and deploy capital beyond normal statutory thresholds, which may signal upcoming related-party transactions, group-level financial support, or expansion plans. For shareholders, the overwhelming approval (over 99.9%) suggests broad consensus, but it also removes a key cap on related-party lending that minority investors typically monitor closely.