Pursuant to provisions of regulation 30 of SEBI (LODR), please find enclosed proceedings of 30th AGM of the members of the company held on Tuesday, 23rd September,2025 at 11.00 A.M. at ....
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Mahip Industries Limited held its 30th Annual General Meeting on Tuesday, 23rd September 2025 at 11:00 AM at its registered office in Ahmedabad, concluding at 12:20 PM. Three directors were present, including Whole-time Director Rajiv Govindram Agrawal (who also chairs the meeting and serves as CFO), Independent Director Praveen Singh, and Additional Independent Director Kinjal Parmar; quorum was met. Eight resolutions were put to vote, covering adoption of FY25 audited financial statements, re-appointment of the retiring Whole-time Director and statutory auditors M/s. B.A. Bedawala & Co., regularization of two new directors (Ronakbhai Patel and Kinjal Parmar), re-appointment of Mr. Agrawal as Whole-time Director, and an increase in overall managerial remuneration including raising the cap beyond 5% of net profits for the Whole-time Director. Members were given both remote e-voting (20-22 September) and physical ballot options at the venue. Voting results are pending and will be declared within two working days after the Scrutinizer's report is received.
Most items are routine governance actions, but the special resolutions approving higher managerial remuneration limits (including exceeding 5% of net profits) for the promoter Whole-time Director may draw investor attention. Shareholders should watch for the voting outcome, expected within two working days, to gauge approval levels on the remuneration hike.