MAHAPEXLTD · price
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Maha Rashtra Apex Corporation held its 81st AGM on September 24, 2025 via video conferencing. Five resolutions were put to vote, and all were passed with overwhelming shareholder approval of 99.99% (6,161,788 votes in favour vs just 811 against). The resolutions included adoption of FY25 audited financial statements, re-appointment of Mr. Aspi Nariman Katgara as a director retiring by rotation, appointment of the secretarial auditor for five years, change in designation of Mr. Nagarajan Sivaramakrishnan from non-executive to independent director (special resolution), and alteration of the Articles of Association (special resolution). Out of 14,091,896 total outstanding shares, 6,162,599 shares (43.73%) participated in voting. Promoter group voted 100% in favour with 6,135,481 shares, while public non-institutional holders showed 97% support.
Routine procedural outcome with no negative surprises — all resolutions passed comfortably. The high promoter support (100%) and near-unanimous public approval indicate stable governance, though very low public voting turnout (only 0.51% of non-institutional shares polled) limits this as a meaningful gauge of minority sentiment.