Voting Results along with Scrutinizer report of EGM held on November 18, 2025
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Maiden Forgings Ltd held an Extra-Ordinary General Meeting on November 18, 2025, where two special resolutions were passed unanimously with 100% votes in favor. The first resolution approved the alteration of the company's Articles of Association. The second resolution approved a preferential allotment of up to 25,00,000 equity shares to Qadosh Ventures Private Limited, a non-promoter public category entity. A third resolution listed in the original EGM notice was withdrawn via a corrigendum dated November 14, 2025 and was not taken up at the meeting. Total voting turnout was about 71.47% of the 1,42,12,000 outstanding shares, with promoter group (holding 1,02,28,000 shares) voting in full while only 0.73% of public non-institutional shares were polled. The scrutinizer was CS Sohit Gupta.
The unanimous approval clears the way for Maiden Forgings to alter its Articles of Association and issue up to 25 lakh new equity shares to Qadosh Ventures on a preferential basis, which will dilute existing shareholders by roughly 15% once allotted and bring in a new public-category shareholder.