Mahamaya Steel Industries Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 25, 2025
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Mahamaya Steel Industries Limited held its 37th Annual General Meeting on September 25, 2025 at 12:00 noon through video conferencing, where all 11 resolutions were passed with overwhelming shareholder support. The company had 6,843 equity shareholders as on the record date (September 18, 2025), and 47 shareholders attended through VC/OAVM. Key resolutions approved include the adoption of audited standalone and consolidated financial statements for FY ended March 31, 2025, re-appointment of Mr. Rajesh Agrawal as Managing Director, appointment of Mrs. Rekha Agarwal as Non-Executive Director, ratification of cost auditors' remuneration, and appointment of Mr. Nitesh Jain as Secretarial Auditor for five years. Special resolutions were also passed for enhancing borrowing limits, creating mortgage/charge on company assets, increasing thresholds for loans and investments under Section 186, and approving related party transactions.
All 11 resolutions passed with near-unanimous support (approximately 99.99% in favor), reflecting strong shareholder confidence in the company's management and direction. The approval of increased borrowing limits and related party transactions gives management more financial flexibility, but these are routine AGM items with no material dissent.