Mahindra & Mahindra Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on July 31, 2025
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Mahindra & Mahindra held its 79th AGM on July 31, 2025 via video conferencing, chaired by Group CEO & MD Dr. Anish Shah in the absence of Chairman Anand G. Mahindra. All directors were present except Mr. Mahindra, who gave a pre-recorded address. The meeting opened with condolences for the sudden demise of Lead Independent Director Mr. T. N. Manoharan, who passed away on July 30, 2025. A total of 12 resolutions were transacted, including adoption of FY25 audited standalone and consolidated financial statements, declaration of dividend on equity shares, re-appointment of directors (Anand G. Mahindra, Rajesh Jejurikar, Nisaba Godrej, and Muthiah Murugappan), revision of remuneration for non-executive Chairman Anand G. Mahindra, ratification of cost auditors, appointment of a new secretarial auditor, and approval of material related party transactions with Mahindra Electric Automobile Limited and other subsidiaries. Remote e-voting was open from July 26 to July 30, with additional e-voting during the AGM. The meeting concluded at 4:52 p.m., and combined voting results will be declared within SEBI-prescribed timelines.
This is a procedural disclosure, so the immediate market impact is limited. Shareholders should monitor the upcoming e-voting results, particularly outcomes of the special resolutions on Chairman remuneration revision and material related party transactions with subsidiaries. The unexpected passing of Lead Independent Director T. N. Manoharan a day before the AGM is a notable governance event that may affect board composition going forward.