Enclosed herewith the Voting results along with the Scrutinizers report for the 35th AGM held on 4th September, 2025
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Magna Electro Castings held its 35th Annual General Meeting on 4th September 2025 via video conferencing, where all 8 resolutions were passed with overwhelming shareholder support. Key items included adoption of FY25 audited financial statements, declaration of a dividend for FY25, re-appointment of Sri. J Vijayakumar as director, approval of material related party transactions with M/s. Samrajyaa and Company, ratification of cost auditor remuneration, appointment of MDS & Associates LLP as secretarial auditors for a 5-year term, appointment of Sri. Ajeya Vel Narayanaswamy as Executive Director - Marketing, and alteration of the Articles of Association. Voting was conducted through remote e-voting and e-voting at the AGM, with total valid votes of 23,42,107 (47 shareholders). All resolutions received approximately 100% approval, with dissent being negligible. Promoters and related parties abstained from voting on the related party transaction resolution as required by SEBI regulations.
All resolutions were approved with near-unanimous support, indicating strong shareholder confidence. Shareholders will receive the declared dividend, and the company has secured approvals needed for ongoing operations including related party transactions, new director appointment, and governance changes through the Articles of Association amendment.