Pursuant to the Provisions of Regulation 44 of the Securities Exchange Board of the India (Listing Obligations and Disclosure Requirements), Regulation, 2015, the Company is hereby submit ....
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Awaiting price reaction for this filing.
Maiden Forgings Limited held its 20th Annual General Meeting on September 30, 2025 via video conferencing, and all three resolutions were passed with the required majority. Resolution 1, the adoption of audited financial statements for FY ended March 31, 2025, was approved with 100% votes in favour (10,176,000 shares, 14 members). Resolution 2, the re-appointment of Managing Director Nishant Garg (DIN: 03088601) who retired by rotation, was approved with 99.99% in favour and only 1,000 dissenting votes. Resolution 3, ratifying the Cost Auditor's remuneration for FY 2025-2026, was also passed with 99.99% in favour and 1,000 votes against. Total voting turnout was 71.6% of outstanding shares (10.176 million out of 14.212 million), with promoter group participation at 99.02% and public participation at just 1.20%.
This is a routine post-AGM disclosure with all resolutions passing comfortably, including the re-appointment of the Managing Director. The low public shareholder voting turnout (~1.2%) and minor dissent of 1,000 votes on director re-appointment and cost auditor ratification are not material and unlikely to affect the stock.