Please find enclosed Voting Results along with the Scrutinizers report for the Postal Ballot notice dated November 13, 2025.
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Magna Electro Castings Limited declared the results of a postal ballot conducted through remote e-voting, originally notified on November 13, 2025. The single resolution pertained to the appointment of Smt. Nivedita Lakshmi Narayanaswamy as Vice President - Finance of the Company, classified as a related party transaction. Out of 7,23,006 valid votes cast by 32 members, 99.99% (7,22,953 shares from 29 members) voted in favour, while only 0.01% (53 shares from 3 members) voted against. The resolution was accordingly declared passed as an Ordinary Resolution with requisite majority on December 22, 2025. The Scrutinizer, M D Selvaraj of MDS & Associates LLP, certified the voting process as fair and transparent.
Shareholders have approved the appointment of a related party (likely family member of MD N Krishnasamaraj) to a senior finance role with near-unanimous support, indicating strong promoter and institutional confidence. Low dissent suggests minimal shareholder concern over this related-party appointment.